Global Car Rental Market 2016-2020

About Car Rental Services

Car rental services operate through a network of pickup or drop-off points and offer a range of vehicles that customers can pay to drive when required. Car rentals are a substitute to car ownership. In this system, vehicles are owned by a firm or organization that rents them to users for short periods by the day or through monthly or annual plans. Over the past three decades, car rentals have grown from a basic service provided by popular organizations to a widely recognized component of the urban transport industry. They are also quickly developing into a globalized industry that can provide many transportation, land use, environmental, and social benefits.

Technavio’s analysts forecast the global car rental market to grow at a CAGR of 16.07% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global car rental market for 2016-2020. To calculate the market size, the report considers the revenue generated from the different geographical regions.

The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW

Technavio's report, Global Car Rental Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Avis Budget
• Carzonrent
• Enterprise Holding
• Europcar
• Hertz
• Sixt

Other prominent vendors
• Advantage Rent a Car
• Hermes Rent a Car
• Dollar Thrifty Automotive
• Eco Rent-A-Car
• E-Z Rent-A-Car
• Fox Rent-A-Car
• Irish Car Rental
• Island Car Rental
• Midway Car Rental
• Movida Rent A Car
• National Car Rental
• Payless Car Rental
• Trust Middle East Car Rental
• Value Car Rental

Market driver
• Increase in business travellers
• For a full, detailed list, view our report

Market challenge
• Limited consumer awareness
• For a full, detailed list, view our report

Market trend
• Emerging market in APAC
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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  • By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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