The Asia Pacific Car Rental Market would witness market growth of 4.2% CAGR during the forecast period (2021-2027).
The growing popularity of smartphone-based online rental car booking apps has drawn a lot of attention to the car rental industry. Customers can rent cars from companies for a short or long amount of time. Tourist destinations and tier 1 and 2 cities provide the majority of these services. The rapid rise of this sector is fuelled by rising pollution and car prices, as well as cost-effectiveness. Consumers, rental firms, and manufacturers all profit from the sector, which is increasingly establishing itself as a significant vertical in the transportation industry.
In a country like India, the recent expansion of the internet and technology has boosted the self-drive car rental sector. Transportation is the backbone of the working man and serves as a medium for many enterprises, governments, and individuals.
Ola Rentals is the next company on the consumers' list of favorite firms. Ola Rentals, which began operations in June 2016 in India, offers a variety of cars, ranging from SUVs to hatchbacks. Ola Rentals' attractive and inexpensive price makes it a fantastic option for individuals who wish to attend meetings, shop around the city, go on a weekend getaway, or bring their family to a function. Ola Rentals can handle any event. Hence, these factors are anticipated to propel the growth of the regional Car Rental Market during the forecasting period.
The China market dominated the Asia Pacific Car Rental Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6.93 billion by 2027. The Japan market is anticipated to grow at a CAGR of 3.6% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 4.8% during (2021 - 2027).
Based on Application, the market is segmented into Airport Transport, Outstation, Local usage and others. Based on Vehicle Type, the market is segmented into Economy cars, Executive cars, Luxury cars, SUVs and MUVs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Car Rental Market is Projected to reach USD 125.6 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avis Budget Group, Inc., Europcar Mobility Group, Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Localiza, SIXT SE, Eco Rent a Car, ANI Technologies Pvt. Ltd. (Ola Cabs), and AVR Qatar, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Airport Transport
- Outstation
- Local usage
- Others
By Vehicle Type
- Economy cars
- Executive cars
- Luxury cars
- SUVs
- MUVs
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Avis Budget Group, Inc.
- Europcar Mobility Group
- Enterprise Holdings, Inc.
- Hertz Global Holdings, Inc.
- Localiza
- SIXT SE
- Eco Rent a Car
- ANI Technologies Pvt. Ltd. (Ola Cabs)
- AVR Qatar, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Car Rental Market, by Application
1.4.2 Asia Pacific Car Rental Market, by Vehicle Type
1.4.3 Asia Pacific Car Rental Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jun – 2021, Dec) Leading Players
Chapter 4. Asia Pacific Car Rental Market by Application
4.1 Asia Pacific Airport Transport Market by Country
4.2 Asia Pacific Outstation Market by Country
4.3 Asia Pacific Local usage Market by Country
4.4 Asia Pacific Other Applications Market by Country
Chapter 5. Asia Pacific Car Rental Market by Vehicle Type
5.1 Asia Pacific Economy cars Market by Country
5.2 Asia Pacific Executive cars Market by Country
5.3 Asia Pacific Luxury cars Market by Country
5.4 Asia Pacific SUVs Market by Country
5.5 Asia Pacific MUVs Market by Country
Chapter 6. Asia Pacific Car Rental Market by Country
6.1 China Car Rental Market
6.1.1 China Car Rental Market by Application
6.1.2 China Car Rental Market by Vehicle Type
6.2 Japan Car Rental Market
6.2.1 Japan Car Rental Market by Application
6.2.2 Japan Car Rental Market by Vehicle Type
6.3 India Car Rental Market
6.3.1 India Car Rental Market by Application
6.3.2 India Car Rental Market by Vehicle Type
6.4 South Korea Car Rental Market
6.4.1 South Korea Car Rental Market by Application
6.4.2 South Korea Car Rental Market by Vehicle Type
6.5 Singapore Car Rental Market
6.5.1 Singapore Car Rental Market by Application
6.5.2 Singapore Car Rental Market by Vehicle Type
6.6 Malaysia Car Rental Market
6.6.1 Malaysia Car Rental Market by Application
6.6.2 Malaysia Car Rental Market by Vehicle Type
6.7 Rest of Asia Pacific Car Rental Market
6.7.1 Rest of Asia Pacific Car Rental Market by Application
6.7.2 Rest of Asia Pacific Car Rental Market by Vehicle Type
Chapter 7. Company Profiles
7.1 Avis Budget Group, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.1.4.3 Geographical Expansions:
7.2 Europcar Mobility Group (Eurazeo)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments:
7.2.3.1 Partnerships, Collaborations, and Agreements:
7.3 Enterprise Holdings, Inc. (The Crawford Group, Inc.)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Acquisition and Mergers:
7.4 Hertz Global Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.5 Localiza
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.6 SIXT SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional & Segmental Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Eco Rent a Car
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Geographical Expansions:
7.8 ANI Technologies Pvt. Ltd. (Ola Cabs)
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 AVR Qatar, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional & Segmental Analysis
7.9.4 Research & Development Expenses
TABLE 1 Asia Pacific Car Rental Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Car Rental Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Car Rental Market
TABLE 4 Product Launches And Product Expansions– Car Rental Market
TABLE 5 Acquisition and Mergers– Car Rental Market
TABLE 6 Geographical expansions– Car Rental Market
TABLE 7 Asia Pacific Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Airport Transport Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Airport Transport Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Outstation Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Outstation Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Local usage Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Local usage Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Economy cars Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Economy cars Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Executive cars Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Executive cars Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Luxury cars Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Luxury cars Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific SUVs Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific SUVs Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific MUVs Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific MUVs Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Car Rental Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Car Rental Market by Country, 2021 - 2027, USD Million
TABLE 31 China Car Rental Market, 2017 - 2020, USD Million
TABLE 32 China Car Rental Market, 2021 - 2027, USD Million
TABLE 33 China Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 34 China Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 35 China Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 China Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 Japan Car Rental Market, 2017 - 2020, USD Million
TABLE 38 Japan Car Rental Market, 2021 - 2027, USD Million
TABLE 39 Japan Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 40 Japan Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 41 Japan Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 42 Japan Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 43 India Car Rental Market, 2017 - 2020, USD Million
TABLE 44 India Car Rental Market, 2021 - 2027, USD Million
TABLE 45 India Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 46 India Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 47 India Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 48 India Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 49 South Korea Car Rental Market, 2017 - 2020, USD Million
TABLE 50 South Korea Car Rental Market, 2021 - 2027, USD Million
TABLE 51 South Korea Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 52 South Korea Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 53 South Korea Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 54 South Korea Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 55 Singapore Car Rental Market, 2017 - 2020, USD Million
TABLE 56 Singapore Car Rental Market, 2021 - 2027, USD Million
TABLE 57 Singapore Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 58 Singapore Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 59 Singapore Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 60 Singapore Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 61 Malaysia Car Rental Market, 2017 - 2020, USD Million
TABLE 62 Malaysia Car Rental Market, 2021 - 2027, USD Million
TABLE 63 Malaysia Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 64 Malaysia Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 65 Malaysia Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 66 Malaysia Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 67 Rest of Asia Pacific Car Rental Market, 2017 - 2020, USD Million
TABLE 68 Rest of Asia Pacific Car Rental Market, 2021 - 2027, USD Million
TABLE 69 Rest of Asia Pacific Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 70 Rest of Asia Pacific Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 71 Rest of Asia Pacific Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 72 Rest of Asia Pacific Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 73 Key information – Avis Budget Group, Inc.
TABLE 74 Key information – Europcar Mobility Group
TABLE 75 Key information – Enterprise Holdings, Inc.
TABLE 76 key information – Hertz Global Holdings, Inc.
TABLE 77 Key information – Localiza
TABLE 78 Key information – SIXT SE
TABLE 79 Key information – Eco Rent a Car
TABLE 80 Key information – ANI Technologies Pvt. Ltd.
TABLE 81 Key information – AVR Qatar, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jun – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: Avis Budget Group, Inc.
FIG 6 Recent strategies and developments: Enterprise Holdings, Inc.
FIG 7 Recent strategies and developments: Localiza
FIG 8 Recent strategies and developments: Eco Rent a Car