PUBLISHER: Grand View Research | PRODUCT CODE: 1376096
PUBLISHER: Grand View Research | PRODUCT CODE: 1376096
North America MUV Rental Market Size, Share & Trends Analysis Report By Application (On-airport, Off-airport), By MUV Type (Passenger Vehicles, Cargo Vehicles), By Country, And Segment Forecasts, 2023 - 2030
North America MUV Rental Market Growth & Trends:
The North America MUV rental market size is projected to reach USD 11.59 billion by 2030, registering a CAGR of 4.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. A combination of factors such as an upsurge in the number of air travelers opting for vehicle rental services and the growing adoption of renting recreational vehicles for leisure purposes have fueled the regional market growth. Changing preferences of demographics, regarding vehicle ownership, are expected to have a positive influence on the market growth over the forecast period.
The increase in number of internet users has encouraged numerous local and global players in the MUV rental marketplace to have an international presence through their online website and mobile applications. The regional MUV rental market is expected to undergo a transformation from the conventional rental business operations to innovative business models. The North America market has witnessed a significant growth over the past few years owing to continuous economic growth. Numerous states in the U.S. are establishing tie-ups with van rental companies for providing transport facilities from airports to the city centers and other locations.
The key strategies adopted by the prominent players to acquire a higher market share include replacement of older fleet with newer ones, expansion of their operational reach, and adoption of a competitive pricing model. Major companies across the region are implementing a mix of operating models, including company owned stores, franchise, and agencies. With the advent of state-of-the-art technologies, vehicle renting has become a preferred option for travelers. Various players have started introducing mobile apps for customers as these apps provide benefits such as easy vehicle tracking and faster payment & booking process.
North America MUV Rental Market Report Highlights:
- A majority of service providers in developed countries such as the U.S. are increasingly implementing advanced technology solutions to streamline the vehicle renting/booking processes
- The demand across the leisure group is high during the peak seasons. Prominent players are providing premium services and offering discounts & packages to frequent travelers
- The trend of renting camper vans or Recreational Vehicles (RVs) has also increased in recent years. Tourists mainly prefer renting RVs for traveling to remote locations or for camping purposes
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. MUV Type
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. MUV type outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. North America MUV Rental Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. North America MUV Rental Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
- 3.4.1. Industry analysis - Porter's
Chapter 4. North America MUV Rental Market: Application Estimates & Trend Analysis
- 4.1. North America MUV Rental Market: Key Takeaways
- 4.2. North America MUV Rental Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. On-airport
- 4.3.1. On-airport market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Off-airport
- 4.4.1. Off-airport market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. North America MUV Rental Market: MUV Type Estimates & Trend Analysis
- 5.1. North America MUV Rental Market: Key Takeaways
- 5.2. North America MUV Rental Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Passenger Vehicles
- 5.3.1. Passenger Vehicles market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Cargo Vehicles
- 5.4.1. Cargo Vehicles market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. North America MUV Rental Market: Estimates & Trend Analysis
- 6.1. North America MUV Rental Market Estimates & Forecasts By Region, 2017 & 2030 (USD Billion)
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.2.3. Canada
- 6.2.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Airport Van Rental
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Enterprise Holdings, Inc.
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Auto Europe
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Budget Rent A Car System, Inc.
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. CarRentals.com.
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. DTG Operations, Inc.
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. Penske Corporation, Inc.
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. RVshare.com
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. SIXT
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.1. Airport Van Rental
List of Tables
- Table 1 List of abbreviation
- Table 2 North America MUV rental market, by application, 2017 - 2030 (USD Million)
- Table 3 North America MUV rental market, by MUV type, 2017 - 2030 (USD Million)
- Table 4 U.S. North America MUV rental market, by application, 2017 - 2030 (USD Million)
- Table 5 U.S. North America MUV rental market, by MUV type, 2017 - 2030 (USD Million)
- Table 6 Canada North America MUV rental market, by application, 2017 - 2030 (USD Million)
- Table 7 Canada North America MUV rental market, by MUV type, 2017 - 2030 (USD Million)
- Table 8 Mexico North America MUV rental market, by application, 2017 - 2030 (USD Million)
- Table 9 Mexico North America MUV rental market, by MUV type, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 North America MUV rental: Market outlook
- Fig. 9 North America MUV rental: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 North America MUV rental market driver impact
- Fig. 15 North America MUV rental market restraint impact
- Fig. 16 North America MUV rental market strategic initiatives analysis
- Fig. 17 North America MUV rental market: Application movement analysis
- Fig. 18 North America MUV rental market: Application outlook and key takeaways
- Fig. 19 On-airport market estimates and forecasts, 2017 - 2030
- Fig. 20 Off-airport market estimates and forecasts, 2017 - 2030
- Fig. 21 North America MUV rental market: MUV type movement analysis
- Fig. 22 North America MUV rental market: MUV type outlook and key takeaways
- Fig. 23 Passenger vehicles market estimates and forecasts, 2017 - 2030
- Fig. 24 Cargo vehicles market estimates and forecasts, 2017 - 2030
- Fig. 25 North America MUV rental market: Regional movement analysis
- Fig. 26 North America MUV rental market: Regional outlook and key takeaways
- Fig. 27 North America market estimates and forecasts, 2017 - 2030
- Fig. 28 U.S. market estimates and forecasts, 2017 - 2030
- Fig. 29 Canada market estimates and forecasts, 2017 - 2030
- Fig. 30 Mexico market estimates and forecasts, 2017 - 2030
