Car Rental Market Forecast 2025–2030: Key Players, Trends & Outlook

Overview of the Car Rental Market

This market research report offers detailed market analysis, industry insights, and growth forecasts for the Car Rental industry. It includes qualitative and quantitative research, competitive intelligence, and key market trends. Designed to support strategic planning, the report covers market segmentation, share data, and emerging opportunities—ideal for businesses, investors, and analysts seeking reliable data to inform decisions and understand the competitive landscape.

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Scope of the Report

• Market size and revenue (current & projected)
• Growth trends backed by real data
• Competitive landscape and who’s leading
• Opportunities and threats worth noting

Key Findings and Insights Market Size and Growth

The Global Car Rental Market size is valued at around USD 108 Billion in 2024 and is projected to reach around USD 256 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18.84% during the forecast period i.e., 2025-30. 

Key Factors Driving Growth

Expansion of Global Tourism to Augment the Market Growth - Tourism is a rapidly growing industry, especially in countries like China, the UAE, France, etc., and this has been a major driver for the Car Rental market across the globe. According to World Travel and Tourism Council, the growth rate of the global travel & tourism sector outpaced the growth of the global economy for nine consecutive years prior to the COVID-19 pandemic. During the pandemic, the industry witnessed a downfall of 50.4%, and later on, it recovered by 21.7% in 2021. As more individuals travel globally, they seek convenient means of transportation, owing to which they opt for these services.

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Car Rental Market Segmentation Insight (2025-30)

Break down the market into key segments such as:

By Booking Mode

• Offline
• Online

By Application

• Leisure
• Business

By Vehicle Type

• Luxury
• Economy Cars
• Executive Cars
• Sports Utility Vehicles (SUVs)
• Multi Utility Vehicles (MUVs)

Economy cars have registered a significant demand due to their compact size & cost-effectiveness.

By Rental Category

• Local
• Airport
• Outstation

By Driver Type

• Self-Driving
• Chauffeur

By Rental Duration

• Short Term
• Long Term

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America is home to three major economies, the US, Mexico, and Canada, which have a huge number of business establishments, owing to which several domestic business trips are witnessed to be very high within the countries for purposes like client meetings, conferences, etc.

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Notable Industry Key Players

Get detailed profiles and strategic insights on major companies shaping the market, including:

• Avis Budget Group
• Sixt SE
• Enterprise Holdings (Alamo)
• Hertz Corp.
• Europcar
• Localiza
• Carzonrent India Pvt. Ltd. (CIPL)
• ZoomCar, Inc.
• Dollar Rent a Car
• Green Motion
• Buchbinder
• Others

Request Methodology

• Robust methodology ensures accuracy and minimizes forecast deviations.
• Top-down and bottom-up analysis for precise market segmentation.
• Multi-angle data triangulation enhances reliability of insights.
• Expert-led primary research through surveys, interviews, and more.
• Predictive modeling delivers forward-looking market intelligence.

Key Questions Answered in This Market Research Report

• What is the current market size and total valuation?
• How fast is the market expected to grow in the coming years?
• What are the latest trends influencing the market?
• Which factors are driving or restraining market growth?
• How is the market segmented and geography?
• Who are the key players and what strategies are they adopting?
• What does the competitive landscape look like?
• Which regions offer the highest growth opportunities?
• What opportunities and challenges should stakeholders prepare for?

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