Car Rental Market, By Car Type (Intercity/Local Usage, On-Airport, Intra-City/Outstation, Others), By Category (Luxury Cars, Executive Cars, Economic Cars, SUVs, MUVs), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Dec 2023

Code : CMI3901

Pages :120

Formats :

Excel and PDF

Industry : Automotive and Transportation

Car Rental MarketSize and Trends

The Global Car Rental Market is projected to reach around US$ 361.6 Billion by the end of 2030, in terms of revenue, growing at a CAGR of 15% during the forecast period (2023-2030).

Global Car Rental Market: Trends

Introduction of mobile apps for car renting facilities: Various industry players are introducing mobile apps for customers in order to ease the booking process and allow consumers to choose the vehicle of their choice from the portfolio. For instance, in August 2021, the well-known e-mopeds made by partner TIER are now a part of SIXT share, a global mobility service. Users of the SIXT app in Berlin, Cologne, Hamburg, and Munich can access the brand's about 3,500 e-mopeds in addition to the thousands of TIER e-scooters. The rising trend of sharing cars among consumers is expected to bolster the global car rental market.