- United States
- Revenue in the Car Rentals market is projected to reach US$30.44bn in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.61%, resulting in a projected market volume of US$32.45bn by 2028.
- In the Car Rentals market, the number of users is expected to amount to 51.95m users by 2028.
- User penetration is projected to be 14.3% in 2024 and 14.9% by 2028.
- The average revenue per user (ARPU) is expected to amount to US$0.62k.
- In the Car Rentals market, 83% of total revenue will be generated through online sales by 2028.
- In global comparison, most revenue will be generated in the United States (US$30,440m in 2024).
The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. Users represent people who booked travels, independent of the number of travelers. This market takes into account time-based rental deals with upfront fixed costs from professional car rental services such as SIXT, Hertz, and Budget.
The following services are not included: carpools, chauffeur services, taxis, or car-sharing offers with usage-based or quote-based pricing models.
in-scope
- Vehicle rentals for private use
- Services such as SIXT, Hertz, and Budget
- All online and offline conducted car rental hires are included in this segment regardless of the sales channel
out-of-scope
- Carpools, chauffeur services, taxis, or car-sharing offers with usage-based or quote-based pricing models
Please wait
Market
Region
Region comparison
Currency
Analyst Opinion
The Car Rentals market is considered not only as an alternativetoother shared rides but also as a complementary service. We expect that the worldwidegrowthin travel and tourism sector, as well as in increase in a global number of flightstaken,will also result in the increase of the market volume of Car Rentals.
Methodology
The booking of shared mobility in the last two decadeshas becomeincreasingly online.For this reason,we use the online-conducted Statista Consumer Insights survey asamainsourceofour research. Furthermore, we rely on market data from independent databases and third-party sources, analysis of various key market and macroeconomic indicators, historical developments, current trends, and reported performance indicators from the key market players.
Overview
- Revenue
- Key Players
- Sales Channels
- Analyst Opinion
- Users
- Global Comparison
- Methodology
- Key Market Indicators
Please wait
Contact
Get in touch with us. We are happy to help.
Meredith Alda
Sales Manager– Contact (United States)
support@statista.com
Tel
+1 212 419-8219
Mon - Fri, 9am - 6pm (EST)
Yolanda Mega
Operations Manager– Contact (Asia)
asia.support@statista.com
Tel
+65 6995 6959
Mon - Fri, 9am - 5pm (SGT)
Lodovica Biagi
Director of Operations– Contact (Europe)
eu.support@statista.com
Tel
+44 (0)20 8189 7000
Mon - Fri, 9:30am - 5pm (GMT)
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
latam@statista.com
Tel
+1 212 419-5774
Mon - Fri, 9am - 6pm (EST)
To get full access to our Market Insights you need a Professional Account or a Business Suite
- Unlimited access to our Market Insights
- Statistics and reports
- Usage and publication rights
Already have an account? Login
