The Latin America, Middle East and Africa Car Rental Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Car rental services refer to the procedure of hiring/renting a car from a rental firm for a specific amount of time. Various organizations, such as Uber Technologies and Europcar, rent vehicles for a short length of time, ranging from a few hours to several weeks. The company rents a variety of cars, including luxury cars, executive cars, and economy cars, among others. Additionally, car rental companies provide additional services such as insurance, entertainment systems, and GPS, among others.
The hotel and airline industries aren't the only ones hoping to profit handsomely from the Dubai Expo 2020. The much-anticipated event is also likely to boost car rentals. Vehicle rental providers all over the UAE are working overtime to meet the high demand for rented mobility choices that are expected to surge during and after the expo.
Fast Rent A Vehicle, an Abu Dhabi-based car rental company that is celebrating its 25th year in business this year, has announced that it will invest AED60 million and open 10 new facilities around the UAE ahead of the big event.
The Brazil market dominated the LAMEA Car Rental Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.95 billion by 2027. The Argentina market is estimated to grow a CAGR of 7.7% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 6.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Car Rental Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Car Rental Market, by Application
1.4.2 LAMEA Car Rental Market, by Vehicle Type
1.4.3 LAMEA 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. LAMEA Car Rental Market by Application
4.1 LAMEA Airport Transport Market by Country
4.2 LAMEA Outstation Market by Country
4.3 LAMEA Local usage Market by Country
4.4 LAMEA Other Applications Market by Country
Chapter 5. LAMEA Car Rental Market by Vehicle Type
5.1 LAMEA Economy cars Market by Country
5.2 LAMEA Executive cars Market by Country
5.3 LAMEA Luxury cars Market by Country
5.4 LAMEA SUVs Market by Country
5.5 LAMEA MUVs Market by Country
Chapter 6. LAMEA Car Rental Market by Country
6.1 Brazil Car Rental Market
6.1.1 Brazil Car Rental Market by Application
6.1.2 Brazil Car Rental Market by Vehicle Type
6.2 Argentina Car Rental Market
6.2.1 Argentina Car Rental Market by Application
6.2.2 Argentina Car Rental Market by Vehicle Type
6.3 UAE Car Rental Market
6.3.1 UAE Car Rental Market by Application
6.3.2 UAE Car Rental Market by Vehicle Type
6.4 Saudi Arabia Car Rental Market
6.4.1 Saudi Arabia Car Rental Market by Application
6.4.2 Saudi Arabia Car Rental Market by Vehicle Type
6.5 South Africa Car Rental Market
6.5.1 South Africa Car Rental Market by Application
6.5.2 South Africa Car Rental Market by Vehicle Type
6.6 Nigeria Car Rental Market
6.6.1 Nigeria Car Rental Market by Application
6.6.2 Nigeria Car Rental Market by Vehicle Type
6.7 Rest of LAMEA Car Rental Market
6.7.1 Rest of LAMEA Car Rental Market by Application
6.7.2 Rest of LAMEA 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 LAMEA Car Rental Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 8 LAMEA Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 9 LAMEA Airport Transport Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Airport Transport Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Outstation Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Outstation Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Local usage Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Local usage Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 18 LAMEA Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 19 LAMEA Economy cars Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Economy cars Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Executive cars Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Executive cars Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Luxury cars Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Luxury cars Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA SUVs Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA SUVs Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA MUVs Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA MUVs Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Car Rental Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Car Rental Market by Country, 2021 - 2027, USD Million
TABLE 31 Brazil Car Rental Market, 2017 - 2020, USD Million
TABLE 32 Brazil Car Rental Market, 2021 - 2027, USD Million
TABLE 33 Brazil Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 34 Brazil Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 35 Brazil Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 Brazil Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 Argentina Car Rental Market, 2017 - 2020, USD Million
TABLE 38 Argentina Car Rental Market, 2021 - 2027, USD Million
TABLE 39 Argentina Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 40 Argentina Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 41 Argentina Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 42 Argentina Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 43 UAE Car Rental Market, 2017 - 2020, USD Million
TABLE 44 UAE Car Rental Market, 2021 - 2027, USD Million
TABLE 45 UAE Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 46 UAE Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 47 UAE Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 48 UAE Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 49 Saudi Arabia Car Rental Market, 2017 - 2020, USD Million
TABLE 50 Saudi Arabia Car Rental Market, 2021 - 2027, USD Million
TABLE 51 Saudi Arabia Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 52 Saudi Arabia Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 53 Saudi Arabia Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 54 Saudi Arabia Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 55 South Africa Car Rental Market, 2017 - 2020, USD Million
TABLE 56 South Africa Car Rental Market, 2021 - 2027, USD Million
TABLE 57 South Africa Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 58 South Africa Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 59 South Africa Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 60 South Africa Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 61 Nigeria Car Rental Market, 2017 - 2020, USD Million
TABLE 62 Nigeria Car Rental Market, 2021 - 2027, USD Million
TABLE 63 Nigeria Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 64 Nigeria Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 65 Nigeria Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 66 Nigeria Car Rental Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 67 Rest of LAMEA Car Rental Market, 2017 - 2020, USD Million
TABLE 68 Rest of LAMEA Car Rental Market, 2021 - 2027, USD Million
TABLE 69 Rest of LAMEA Car Rental Market by Application, 2017 - 2020, USD Million
TABLE 70 Rest of LAMEA Car Rental Market by Application, 2021 - 2027, USD Million
TABLE 71 Rest of LAMEA Car Rental Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 72 Rest of LAMEA 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