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Car Rental Market Share

Report ID: GMI6508
Published Date: Aug 2023
Report Format: PDF

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Car Rental Market Share

Some of the major companies operating in the car rental market are:Advantage Rent-a-car:

Avis Budget Group
Sixt
Alamo Rent-a-Car LLC
Hertz
Enterprise Holdings Inc
Europcar
Uber Technologies Inc.
Localiza and Ola Cabs.

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are investing in research to introduce innovative products such as autonomous cars in service to garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of car rental reached USD 122.3 billion in 2022 and is set to grow at 7.4% CAGR through 2023-2032, due to the proliferation of online booking platforms and user-friendly mobile applications worldwide.

Short-term car rental segment registered 72% of the market share in 2022, impelled by advantages, such as flexibility and convenience.

North America held 49% of the market share in 2022, owing to the increase in tourism and business trips in the region.

Some of the influential car rental companies are Rent-a-car, Avis Budget Group, Sixt, Alamo Rent-a-Car LLC, Hertz, Enterprise Holdings Inc., Europcar, Uber Technologies Inc., Localiza, and Ola Cabs.