Projections for Car Rental Market: Demand, Research, and Leading Players Toward 2028

The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.

Car Rental Market A Dive from 7% CAGR in 2023-28| MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Car Rental market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2024-30: Revealing Car Rental Market Insights and Analysis

The Global Car Rental market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:-

Driving Innovation: Exploring the Car Rental Market and its Growth Trends

Global Car Rental Market Key Trends:

Integration of Advanced Telematics to Car Rental Software to Create New Trends – Currently, car rental companies are increasingly integrating telematics to gain insights into fleet performance, driver behavior, and maintenance needs. For instance, in 2021, RentalMatics announced an integration with TSD Mobility Solutions’ car rental software system. The use of telematics is also helping rental companies to improve their customer’s experience as it provides real-time information about estimated arrival time & vehicle location.

Along with this, advanced telematics helps rental companies by alerting the potential risks of thefts, accidents, and unauthorized use. Owing to this, the integration of advanced telematics is expected to continue to be a prominent factor in influencing market growth in the future.

Car Rental Market: Key Players

-Avis Budget Group

-Sixt SE

-Enterprise Holdings (Alamo)

-Hertz Corp.



-Carzonrent India Pvt. Ltd. (CIPL)

-ZoomCar, Inc.

-Dollar Rent a Car

-Green Motion



Get More Information On the Car Rental Market Report:

Car Rental Market Segmentation Outline:

By Booking Mode



By Application



By Vehicle Type


-Economy Cars

-Executive Cars

-Sports Utility Vehicles (SUVs)

-Multi Utility Vehicles (MUVs)

By Rental Category




By Driver Type



By Rental Duration

-Short Term

-Long Term

By Region

-North America

-South America


-The Middle East & Africa


About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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