Global Self-Drive Car Rental Market Overview
According to SPER Market Research, the Global Self-Drive Car Rental Market is estimated to reach USD 193.19 billion by 2032 with a CAGR of 6.95%.
Cars may be rented out for a certain amount of time through online or offline sources, and this service is referred to as car rental. In order to best serve tourists and those without private automobiles, car rental services are primarily designed for them. Since renting a car provides freedom of movement, inexpensive travel, and the ability to avoid significant ownership expenses, it is thought to be a more cost-effective option than purchasing a car. In order to increase customer convenience, the service providers also provide a wide range of other goods, including Wi-Fi networks, entertainment systems, GPS systems, and insurance plans that cover financial reimbursement for vehicle damage.
Impact of COVID-19 on the Global Self-Drive Car Rental Market
The automobile rental industry was impacted by the COVID-19 virus's quick spread in 2020, which also had a negative effect on the wider tourism industry. There is also less demand for automobile rentals at airports due to a decline in air travel globally. Car rental companies are adhering to hygienic and safety standards, such as cleaning their vehicles after each trip, to ensure safety and prevent the spread of the virus. Some companies that hire cars provide their customers complimentary face masks and hand sanitizer. For the pandemic to serve as a source of cash production, major rivals in the industry, such as Hertz and Avis, have sold their older vehicles at a larger volume than usual. The fast global spread of the coronavirus and the widespread implementation of lockdowns have had a detrimental effect on the world rental vehicle industry. Manufacturers in the automobile rental industry are making up the losses they suffered when their services were disrupted by the suspension of transportation activities and travel restrictions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Vehicle, By Application, By Rental Length
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Avis Budget group, Carzorent India Private Ltd, Eco Rent A Car, Enterprises Rent-A-Car, Europcar, Sixt Se, The Hertz Corporation
|
Global Self-Drive Car Rental Market Segmentation:
1. By Vehicle Type:
- Economy cars
- Executive cars
- Luxury Cars
- MUVs
- SUVs
2. By Application:
- Airport Transport
- Local usage
- Outstation
- Others
3. By Rental length:
4. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Car Rental Self-Drive Car Rental Market Size (FY’2019-FY’2032)
- Overview of Global Self-Drive Car Rental Market
- Segmentation of Global Self-Drive Car Rental Market By Vehicle (Luxury Cars, Executive cars, Economy Cars, SUVs, MUVs)
- Segmentation of Global Self-Drive Car Rental Market By Application (Local Usage, Airport Transport, Outstation, Others)
- Statistical Snap of Global Self-Drive Car Rental Market
- Growth Analysis of Global Self-Drive Car Rental Market
- Problems and Challenges in Global Self-Drive Car Rental Market
- Competitive Landscape in the Global Self-Drive Car Rental Market
- Impact of COVID-19 and Demonetization on Global Self-Drive Car Rental Market
- Details on Recent Investment in Global Self-Drive Car Rental Market
- Competitive Analysis of Global Self-Drive Car Rental Market
- Major Players in the Global Self-Drive Car Rental Market
- SWOT Analysis of Global Self-Drive Car Rental Market
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Car Rental (Self Drive) Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Car Rental (Self Drive) Market Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Car Rental (Self Drive) Market
7. Global Car Rental (Self Drive) Market, By Vehicle Type, 2019-2032 (USD Million)
7.1 Economy cars
7.2 Executive cars
7.3 Luxury Cars
7.4 MUVs
7.5 SUVs
8. Global Car Rental (Self Drive) Market, By Application, 2019-2032 (USD Million)
8.1 Airport Transport
8.2 Local usage
8.3 Outstation
8.4 Others
9. Global Car Rental (Self Drive) Market, By Rental length, 2019-2032 (USD Million)
9.1 Long Term
9.2 Short Term
10. Global Car Rental (Self Drive) Market, By Region, 2019-2032 (USD Million)
10.1 Global Car Rental (Self Drive) Market Size and Market Share by Region (2019-2025)
10.2 Global Car Rental (Self Drive) Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Avis Budget Group
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Carzorent India Private Limited
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Eco Rent A Car
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Enterprises Holdings
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Enterprises Rent-A-Car
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Europe Car
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Sixth Se
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 The Hertz Corporation
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
