PUBLISHER: IMARC | PRODUCT CODE: 1347500
PUBLISHER: IMARC | PRODUCT CODE: 1347500
Tourism Vehicle Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global tourism vehicle rental market size reached US$ 53.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Tourism vehicle rental refers to the facility of temporarily hiring or renting an automobile for conducting travel and tourism activities. The service is commonly available through online and offline platforms for a duration of a few hours, days or weeks. Consumers can choose from economy, executive, luxury, semi-utility and multi-utility vehicles, as per their budget and requirement. The rental service is usually available with automobile insurance to safeguard the interests of the tourist and the rental service vendor. The vehicles are also integrated with various value-added services, such as Wi-Fi, entertainment devices and safety seats for children for enhanced comfort of the passengers. Tourism vehicle rental aids in minimizing the need for self-owned cars for recreational traveling and are more cost-effective and environment friendly.
Tourism Vehicle Rental Market Trends:
Significant growth in the travel and tourism industry across the globe is one of the key factors creating a positive outlook for the market. Tourism vehicle rental provides increased mobility and minimizes the concerns and costs associated with vehicle ownership. Moreover, the advent of web-based solutions and smartphones for renting tourism vehicles is providing a thrust to the market growth. These solutions enable the consumers to conveniently reserve rented vehicles online through third-party travel booking organizations. In line with this, the integration of dashcams, global positioning system (GPS) and other geo-tracking technologies aid in monitoring the location and operation of the rented vehicle and conducting predictive maintenance, thereby enhancing the efficiency of the vehicles. Additionally, the availability of periodically sanitized self-driven rented vehicles for safe traveling is also contributing to the growth of the market. Other factors, including the implementation of favorable government policies to encourage tourism activities in monuments, museums and parks, along with rising expenditure capacities of the consumers, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tourism vehicle rental market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, booking mode and end user.
Breakup by Vehicle Type:
Economy
Luxury/Premium
Breakup by Booking Mode:
Online
Offline
Breakup by End User:
Self-Driven
Rental Agencies
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alamo (Enterprise Holdings Inc), Auto Europe, Avis Budget Group Inc., Carzonrent India Pvt Ltd., EasyCar.com, Europcar Mobility Group, Europe Luxury Cars, Kemwel, Sixt SE, The Hertz Corporation and Zoomcar India Private Ltd.
Key Questions Answered in This Report
- 1. How big is the global tourism vehicle rental market?
- 2. What is the expected growth rate of the global tourism vehicle rental market during 2023-2028?
- 3. What are the key factors driving the global tourism vehicle rental market?
- 4. What has been the impact of COVID-19 on the global tourism vehicle rental market?
- 5. What is the breakup of the global tourism vehicle rental market based on the vehicle type?
- 6. What is the breakup of the global tourism vehicle rental market based on the booking mode?
- 7. What is the breakup of the global tourism vehicle rental market based on the end user?
- 8. What are the key regions in the global tourism vehicle rental market?
- 9. Who are the key players/companies in the global tourism vehicle rental market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Tourism Vehicle Rental Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Economy
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Luxury/Premium
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Booking Mode
- 7.1 Online
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Offline
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Self-Driven
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Rental Agencies
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Alamo (Enterprise Holdings Inc)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Auto Europe
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Avis Budget Group Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Carzonrent India Pvt Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 EasyCar.com
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Europcar Mobility Group
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Europe Luxury Cars
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Kemwel
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sixt SE
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 The Hertz Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Zoomcar India Private Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Alamo (Enterprise Holdings Inc)
List of Figures
- Figure 1: Global: Tourism Vehicle Rental Market: Major Drivers and Challenges
- Figure 2: Global: Tourism Vehicle Rental Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Tourism Vehicle Rental Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Tourism Vehicle Rental Market: Breakup by Vehicle Type (in %), 2022
- Figure 5: Global: Tourism Vehicle Rental Market: Breakup by Booking Mode (in %), 2022
- Figure 6: Global: Tourism Vehicle Rental Market: Breakup by End User (in %), 2022
- Figure 7: Global: Tourism Vehicle Rental Market: Breakup by Region (in %), 2022
- Figure 8: Global: Tourism Vehicle Rental (Economy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Tourism Vehicle Rental (Economy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Tourism Vehicle Rental (Luxury/Premium) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Tourism Vehicle Rental (Luxury/Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Tourism Vehicle Rental (Online) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Tourism Vehicle Rental (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Tourism Vehicle Rental (Offline) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Tourism Vehicle Rental (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Tourism Vehicle Rental (Self-Driven) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Tourism Vehicle Rental (Self-Driven) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Tourism Vehicle Rental (Rental Agencies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Tourism Vehicle Rental (Rental Agencies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: North America: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: North America: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: United States: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: United States: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Canada: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Canada: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Asia-Pacific: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Asia-Pacific: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: China: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: China: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Japan: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Japan: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: India: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: India: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: South Korea: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: South Korea: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Australia: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Australia: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Indonesia: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Indonesia: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Others: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Others: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Europe: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Europe: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Germany: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Germany: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: France: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: France: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: United Kingdom: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: United Kingdom: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Italy: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Italy: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Spain: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Spain: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Russia: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Russia: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Latin America: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Latin America: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Brazil: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Brazil: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Mexico: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Mexico: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Middle East and Africa: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Middle East and Africa: Tourism Vehicle Rental Market: Breakup by Country (in %), 2022
- Figure 68: Middle East and Africa: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Global: Tourism Vehicle Rental Industry: SWOT Analysis
- Figure 70: Global: Tourism Vehicle Rental Industry: Value Chain Analysis
- Figure 71: Global: Tourism Vehicle Rental Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Tourism Vehicle Rental Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Tourism Vehicle Rental Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 3: Global: Tourism Vehicle Rental Market Forecast: Breakup by Booking Mode (in Million US$), 2023-2028
- Table 4: Global: Tourism Vehicle Rental Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Tourism Vehicle Rental Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Tourism Vehicle Rental Market: Competitive Structure
- Table 7: Global: Tourism Vehicle Rental Market: Key Players
