Market Research Report
Car Rental (Self Drive) Global Industry Almanac 2015-2024
|Published by||MarketLine||Product code||975484|
|Published||Content info||500 Pages
Delivery time: 1-2 business days
|Car Rental (Self Drive) Global Industry Almanac 2015-2024|
|Published: November 27, 2020||Content info: 500 Pages||
Global Car Rental industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is mainly made up of car rentals for business, leisure purposes and Insurance replacement. Market volumes represent the size of the rental car fleet within the respective countries. The calculation excludes leasing and long term rentals. Taxis/cabs or any other passenger vehicles driven by drivers are excluded from the calculation. Any currency conversions used in the creation of this report were calculated using constant 2019 annual average exchange rates.
Covid-19: Figures presented in this report are calculated applying the "middle path" scenario - this is based on the current situation in countries where the epidemic burst first, like China as a model countries and the announcements made by governments, stating that the abnormal situation may last up to six months.
The assumption has been made that after this time the economy will gradually go back to the levels recorded before the pandemics by the end of the year. It is also assumed that there is no widespread economic crisis as seen back in 2008 due to announced pay-outs across countries.
At the moment of preparation of this report in August 2020 the economic implications of the lock downs of many economics are still very difficult to predict as there is no indication how long the pandemics could last.
The global car rental market had total revenues of $78.8bn in 2019, representing a compound annual growth rate (CAGR) of 4.1% between 2015 and 2019.
Market consumption volume increased with a CAGR of 3.6% between 2015 and 2019, to reach a total fleet size of 6.8tn in 2019.
Growth in this market was sustained primarily by growth in the US, which is by far the world's largest single-country market and also outpaces the whole of Europe and Asia-Pacific.