The Europe Car Rental Market would witness market growth of 3.9% CAGR during the forecast period (2021-2027).
The Car Rental Industry is rapidly expanding as an important vertical in the transportation business, benefiting not only customers and rental firms but also automobile manufacturers. Automobile manufacturers have devised lucrative schemes, such as car leasing, that allow small businesses to expand their fleet size without spending a lot of money.
Some of the growth factors for the overall Car Rental Market are economic growth, an increase in the use of luxury cars by corporations on business trips, and booming tourism industry. People are willing to spend more money in order to spend more time with their families.
Governments in nations such as the United Kingdom, France, Norway, and New Zealand are taking steps to minimize carbon emissions by promoting the use of electric vehicles. These measures are driving businesses to focus more on sustainable operations, lowering the overall cost of every trip. Because of the influx of international tourists, the United Kingdom would witness massive demand for car rental services.
In addition, features such as the ease with which rental vehicles may be booked online, the rising internationalization of business operations, expansion in the travel and tourist industry, air travel, and a movement in preference for comfort travel are anticipated to positively affect the growth of the regional Car Rental Market during the forecasting period.
The Germany market dominated the Europe Car Rental Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.20 billion by 2027. The UK market is exhibiting a CAGR of 3.1% during (2021 - 2027). Additionally, The France market would witness a CAGR of 4.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Car Rental Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Car Rental Market, by Application
1.4.2 Europe Car Rental Market, by Vehicle Type
1.4.3 Europe 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. Europe Car Rental Market by Application
4.1 Europe Airport Transport Market by Country
4.2 Europe Outstation Market by Country
4.3 Europe Local usage Market by Country
4.4 Europe Other Applications Market by Country
Chapter 5. Europe Car Rental Market by Vehicle Type
5.1 Europe Economy cars Market by Country
5.2 Europe Executive cars Market by Country
5.3 Europe Luxury cars Market by Country
5.4 Europe SUVs Market by Country
5.5 Europe MUVs Market by Country
Chapter 6. Europe Car Rental Market by Country
6.1 Germany Car Rental Market
6.1.1 Germany Car Rental Market by Application
6.1.2 Germany Car Rental Market by Vehicle Type
6.2 UK Car Rental Market
6.2.1 UK Car Rental Market by Application
6.2.2 UK Car Rental Market by Vehicle Type
6.3 France Car Rental Market
6.3.1 France Car Rental Market by Application
6.3.2 France Car Rental Market by Vehicle Type
6.4 Russia Car Rental Market
6.4.1 Russia Car Rental Market by Application
6.4.2 Russia Car Rental Market by Vehicle Type
6.5 Spain Car Rental Market
6.5.1 Spain Car Rental Market by Application
6.5.2 Spain Car Rental Market by Vehicle Type
6.6 Italy Car Rental Market
6.6.1 Italy Car Rental Market by Application
6.6.2 Italy Car Rental Market by Vehicle Type
6.7 Rest of Europe Car Rental Market
6.7.1 Rest of Europe Car Rental Market by Application
6.7.2 Rest of Europe 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 Europe Car Rental Market, 2017 - 2020, USD Million
TABLE 2 Europe 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 Europe Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 8 Europe Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 9 Europe Airport Transport Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Airport Transport Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Outstation Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Outstation Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Local usage Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Local usage Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 18 Europe Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 19 Europe Economy cars Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Economy cars Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Executive cars Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Executive cars Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Luxury cars Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Luxury cars Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe SUVs Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe SUVs Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe MUVs Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe MUVs Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Car Rental Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Car Rental Market by Country, 2021 - 2027, USD Million
TABLE 31 Germany Car Rental Market, 2017 - 2020, USD Million
TABLE 32 Germany Car Rental Market, 2021 - 2027, USD Million
TABLE 33 Germany Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 34 Germany Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 35 Germany Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 Germany Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 UK Car Rental Market, 2017 - 2020, USD Million
TABLE 38 UK Car Rental Market, 2021 - 2027, USD Million
TABLE 39 UK Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 40 UK Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 41 UK Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 42 UK Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 43 France Car Rental Market, 2017 - 2020, USD Million
TABLE 44 France Car Rental Market, 2021 - 2027, USD Million
TABLE 45 France Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 46 France Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 47 France Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 48 France Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 49 Russia Car Rental Market, 2017 - 2020, USD Million
TABLE 50 Russia Car Rental Market, 2021 - 2027, USD Million
TABLE 51 Russia Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 52 Russia Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 53 Russia Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 54 Russia Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 55 Spain Car Rental Market, 2017 - 2020, USD Million
TABLE 56 Spain Car Rental Market, 2021 - 2027, USD Million
TABLE 57 Spain Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 58 Spain Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 59 Spain Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 60 Spain Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 61 Italy Car Rental Market, 2017 - 2020, USD Million
TABLE 62 Italy Car Rental Market, 2021 - 2027, USD Million
TABLE 63 Italy Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 64 Italy Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 65 Italy Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 66 Italy Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 67 Rest of Europe Car Rental Market, 2017 - 2020, USD Million
TABLE 68 Rest of Europe Car Rental Market, 2021 - 2027, USD Million
TABLE 69 Rest of Europe Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 70 Rest of Europe Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 71 Rest of Europe Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 72 Rest of Europe 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