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Scandinavia Car Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Scandinavia car rental market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Car rental refers to a vehicle that can be hired for a predefined period through online/offline channels via rental agencies. These services offer freedom of movement, low-cost traveling, and enable the evasion of high ownership costs. Furthermore, a rental car also provides numerous additional benefits for a convenient traveling experience, such as car damage repair, insurance compensation policies, entertainment systems, global positioning systems (GPS), Wi-Fi networks, etc.

In Scandinavia, the rising levels of urbanization coupled with the growing popularity of cost-effective modes of transportation are propelling the demand for car rental services. Additionally, with the increasing penetration of smartphones and high internet connectivity, the renting of cars through online platforms has gained prominence in the region. Several app- or website-based car rental services are offering numerous customer-centric benefits, including ease of booking, on-site pick-up, real-time location observation, economic tariffs, etc. The growing consumer awareness towards the cost-effectiveness, comfort, flexibility, and affordability of rental cars is also catalyzing the market growth. Moreover, several government bodies across Scandinavia are focusing on controlling vehicular emissions, thereby promoting several eco-friendly, carpooling transportation methods. Apart from this, numerous car rental companies are introducing electric vehicles in their fleet to reduce the adverse environmental impact of fuel-based taxis. In the coming years, the rising integration of car rental platforms with various advanced technologies, such as AI, IoT, predictive analytics, etc., will continue to drive the market for rental cars in Scandinavia.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Scandinavia car rental market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on booking type, rental length, vehicle type, application and end user.

Breakup by Booking Type:

  • Online
  • Offline
     

Breakup by Rental Length:

  • Short Term
  • Long Term
     

Breakup by Vehicle Type:

  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • Sports Utility Vehicles (SUVs)
  • Others
     

Breakup by Application:

  • Leisure/ Tourism
  • Business
     

Breakup by End User:

  • Self-Driven
  • Chauffeur-Driven
     

Breakup by Country:

  • Norway
  • Denmark
  • Sweden
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alamo, Autoplan, Avis Rent A Car System, LLC., Budget Rent A Car System, Inc., Enterprise Holdings, Inc., Europcar, National Car Rental, Sixt, The Hertz Corporation and Thrifty Car Rental.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
 Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Booking Type, Rental Length, Vehicle Type, Application, End User, Country
Countries Covered Norway, Denmark, Sweden
Companies Covered Alamo, Autoplan, Avis Rent A Car System, LLC., Budget Rent A Car System, Inc., Enterprise Holdings, Inc., Europcar, National Car Rental, Sixt, The Hertz Corporation and Thrifty Car Rental
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Scandinavia car rental market performed so far and how will it perform in the coming years?
  • What are the major countries in the Scandinavia car rental market?
  • What is the impact of COVID-19 on the Scandinavia car rental market?
  • What is the breakup of the market based on the booking type?
  • What is the breakup of the market based on the rental length?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the Scandinavia car rental market and who are the key players?
  • What is the degree of competition in the market?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Scandinavia Car Rental Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Booking Type
    6.1    Online
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Offline
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Rental Length
    7.1    Short Term 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Long Term
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Luxury Cars
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Executive Cars
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Economy Cars
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Sports Utility Vehicles (SUVs)
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Application
    9.1    Leisure/ Tourism
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Business
        9.2.1 Market Trends
        9.2.2 Market Forecast
10   Market Breakup by End User
    10.1    Self-Driven
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Chauffeur-Driven
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Country
    11.1    Norway
        11.1.1 Market Trends
        11.1.2 Breakup by Booking Type
        11.1.3 Breakup by Rental Length
        11.1.4 Breakup by Vehicle Type
        11.1.5 Breakup by Application
        11.1.6 Breakup by End User
        11.1.7 Market Forecast
    11.2    Sweden
        11.2.1 Market Trends
        11.2.2 Breakup by Booking Type
        11.2.3 Breakup by Rental Length
        11.2.4 Breakup by Vehicle Type
        11.2.5 Breakup by Application
        11.2.6 Breakup by End User
        11.2.7 Market Forecast
    11.3    Denmark
        11.3.1 Market Trends
        11.3.2 Breakup by Booking Type
        11.3.3 Breakup by Rental Length
        11.3.4 Breakup by Vehicle Type
        11.3.5 Breakup by Application
        11.3.6 Breakup by End User
        11.3.7 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis 
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Alamo
           16.3.1.1 Company Overview
           16.3.1.2 Business Portfolio 
        16.3.2    Autoplan
           16.3.2.1 Company Overview
           16.3.2.2 Business Portfolio
        16.3.3    Avis Rent A Car System, LLC
           16.3.3.1 Company Overview
           16.3.3.2 Business Portfolio
        16.3.4    Budget Rent A Car System, Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Business Portfolio
        16.3.5    Enterprise Holdings, Inc. 
           16.3.5.1 Company Overview
           16.3.5.2 Business Portfolio
           16.3.5.3 SWOT Analysis
        16.3.6    Europcar
           16.3.6.1 Company Overview
           16.3.6.2 Business Portfolio 
           16.3.6.3 Financials
        16.3.7    National Car Rental
           16.3.7.1 Company Overview
           16.3.7.2 Business Portfolio
        16.3.8    Sixt
           16.3.8.1 Company Overview
           16.3.8.2 Business Portfolio
           16.3.8.3 Financials
        16.3.9    The Hertz Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Business Portfolio
        16.3.10    Thrifty Car Rental 
           16.3.10.1 Company Overview
           16.3.10.2 Business Portfolio

List of Figures

Figure 1: Scandinavia: Car Rental Market: Major Drivers and Challenges
Figure 2: Scandinavia: Car Rental Market: Sales Value (in Million US$), 2015-2020
Figure 3: Scandinavia: Car Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Scandinavia: Car Rental Market: Breakup by Booking Type (in %), 2020
Figure 5: Scandinavia: Car Rental (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 6: Scandinavia: Car Rental (Online) Market Forecast: Sales Value (in Million US$), 2021-2026 
Figure 7: Scandinavia: Car Rental (Offline) Market: Sales Value (in Million US$), 2015 & 2020  
Figure 8: Scandinavia: Car Rental (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Scandinavia: Car Rental Market: Breakup by Rental Length (in %), 2020
Figure 10: Scandinavia: Car Rental (Short Term) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 11: Scandinavia: Car Rental (Short Term) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Scandinavia: Car Rental (Long Term) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 13: Scandinavia: Car Rental (Long Term) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Scandinavia: Car Rental Market: Breakup by Vehicle Type (in %), 2020
Figure 15: Scandinavia: Car Rental (Luxury Cars) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 16: Scandinavia: Car Rental (Luxury Cars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Scandinavia: Car Rental (Executive Cars) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 18: Scandinavia: Car Rental (Executive Cars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Scandinavia: Car Rental (Economy Cars) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 20: Scandinavia: Car Rental (Economy Cars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Scandinavia: Car Rental (Sports Utility Vehicles) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 22: Scandinavia: Car Rental (Sports Utility Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Scandinavia: Car Rental (Other Vehicle Types) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 24: Scandinavia: Car Rental (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Scandinavia: Car Rental Market: Breakup by Application (in %), 2020
Figure 26: Scandinavia: Car Rental (Leisure/ Tourism) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 27: Scandinavia: Car Rental (Leisure/ Tourism) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Scandinavia: Car Rental (Business) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 29: Scandinavia: Car Rental (Business) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Scandinavia: Car Rental Market: Breakup by End User (in %), 2020
Figure 31: Scandinavia: Car Rental (Self-Driven) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 32: Scandinavia: Car Rental (Self-Driven) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Scandinavia: Car Rental (Chauffeur-Driven) Market: Sales Value (in Million US$), 2015 & 2020 
Figure 34: Scandinavia: Car Rental (Chauffeur-Driven) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Norway: Car Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Norway: Car Rental Market: Breakup by Booking Type (in %), 2020
Figure 37: Norway: Car Rental Market: Breakup by Rental Length (in %), 2020
Figure 38: Norway: Car Rental Market: Breakup by Vehicle Type (in %), 2020
Figure 39: Norway: Car Rental Market: Breakup by Application (in %), 2020
Figure 40: Norway: Car Rental Market: Breakup by End User (in %), 2020
Figure 41: Norway: Car Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Sweden: Car Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Sweden: Car Rental Market: Breakup by Booking Type (in %), 2020
Figure 44: Sweden: Car Rental Market: Breakup by Rental Length (in %), 2020
Figure 45: Sweden: Car Rental Market: Breakup by Vehicle Type (in %), 2020
Figure 46: Sweden: Car Rental Market: Breakup by Application (in %), 2020
Figure 47: Sweden: Car Rental Market: Breakup by End User (in %), 2020
Figure 48: Sweden: Car Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Denmark: Car Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Denmark: Car Rental Market: Breakup by Booking Type (in %), 2020
Figure 51: Denmark: Car Rental Market: Breakup by Rental Length (in %), 2020
Figure 52: Denmark: Car Rental Market: Breakup by Vehicle Type (in %), 2020
Figure 53: Denmark: Car Rental Market: Breakup by Application (in %), 2020
Figure 54: Denmark: Car Rental Market: Breakup by End User (in %), 2020
Figure 55: Denmark: Car Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Scandinavia: Car Rental Industry: SWOT Analysis
Figure 57: Scandinavia: Car Rental Industry: Value Chain Analysis
Figure 58: Scandinavia: Car Rental Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Scandinavia: Car Rental Market: Key Industry Highlights, 2020 and 2026
Table 2: Scandinavia: Car Rental Market Forecast: Breakup by Booking Type (in Million US$), 2021-2026
Table 3: Scandinavia: Car Rental Market Forecast: Breakup by Rental Length (in Million US$), 2021-2026
Table 4: Scandinavia: Car Rental Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 5: Scandinavia: Car Rental Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Scandinavia: Car Rental Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 7: Scandinavia: Car Rental Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 8: Scandinavia: Car Rental Market: Key Players

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