Global $145+ Bn Car Rental Market to 2027: Trends, Opportunities … – Business Wire

DUBLIN–(BUSINESS WIRE)–The “Global Car Rental Market to 2027: Trends, Opportunities and Competitive Analysis” report has been added to’s offering.

The global car rental industry is expected to reach an estimated $145.6 billion by 2027 with a CAGR of 6.7% from 2021 to 2027.

The future of the global car rental industry looks promising with opportunities in business and leisure travel industry.

The major drivers for this market are the growing global tourism industry, increase in international air travelers, and rising income levels across the globe.

Emerging trends, which have a direct impact on the dynamics of the industry, include enhanced user experience through digitization, additional green vehicles in the fleets of rental car companies, and the concept of self-driving instead of hiring a driver.

The analyst forecasts that leisure travelers will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global car rental industry by location type, traveler type, mode of booking, vehicle type, and region.

Enterprise Rent-A-Car, Hertz Group AG, Avis Budget Group Inc., Uber, Europcar Mobility Group S.A., Redcap Tour, ANI technologies Pvt. limited, and Sixt AG are the major car rental service providers in the global car rental industry.

List of Car Rental Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.

With these strategies car rental companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

Car Rental Industry Insights

The analyst forecasts that leisure customer will remain

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