Luxury car rental is the use of a luxury car for a fixed period time at an assessed amount of money. Today, car rental is very popular as it provides mobility solutions for both business and leisure travelers. Users can easily arrange a car rental in website or mobile phone.
The Luxury Car Rental market was worth approximately USD10 billion globally in 2016. Geographically, North America is the giant player who represents nearly 50% of the global market, followed by Europe, which representing approximately 29% market shares.
The Luxury Car Rental industry is highly concentrated in the world, with the top three companies capturing a combined 74% share of the global market. The largest company in the industry, Enterprise, is privately held, while the next two largest companies, Hertz and Avis Budget, are publicly traded. Each of these three players has made acquisitions of other well-known rental car brands?Enterprise Rent-A-Car owns Alamo and National, and Hertz owns Dollar and Thrifty.
The Luxury Car Rental market is forecasted to worth approximately USD22.5 billion globally in the end of 2022. The CAGR during 2016-2022 is expected to reach 14.5%.
According to this study, over the next five years the Luxury Car Rental market will register a 20.0% CAGR in terms of revenue, the global market size will reach USD 34000 million by 2024, from USD 11400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Luxury Car Rental business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Car Rental market by product type, application, key manufacturers and key regions and countries.
This study considers the Luxury Car Rental value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Business Rental
Leisure Rental
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Airport
Off-airport
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Enterprise
Hertz
Avis Budget
Sixt
Europcar
Localiza
CAR Inc.
Movida
Unidas
Goldcar
eHi Car Services
Fox Rent A Car
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Luxury Car Rental consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Luxury Car Rental market by identifying its various subsegments.
Focuses on the key global Luxury Car Rental manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Car Rental with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Luxury Car Rental submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
