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Tourism Vehicle Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global tourism vehicle rental market reached a value of US$ 49.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.69 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027. 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.

Tourism vehicle rental refers to the facility of temporarily hiring or renting an automobile for conducting travel and tourism activities. The service is commonly available through online and offline platforms for a duration of a few hours, days or weeks. Consumers can choose from economy, executive, luxury, semi-utility and multi-utility vehicles, as per their budget and requirement. The rental service is usually available with automobile insurance to safeguard the interests of the tourist and the rental service vendor. The vehicles are also integrated with various value-added services, such as Wi-Fi, entertainment devices and safety seats for children for enhanced comfort of the passengers. Tourism vehicle rental aids in minimizing the need for self-owned cars for recreational traveling and are more cost-effective and environment friendly.

Tourism Vehicle Rental Market Trends:

Significant growth in the travel and tourism industry across the globe is one of the key factors creating a positive outlook for the market. Tourism vehicle rental provides increased mobility and minimizes the concerns and costs associated with vehicle ownership. Moreover, the advent of web-based solutions and smartphones for renting tourism vehicles is providing a thrust to the market growth. These solutions enable the consumers to conveniently reserve rented vehicles online through third-party travel booking organizations. In line with this, the integration of dashcams, global positioning system (GPS) and other geo-tracking technologies aid in monitoring the location and operation of the rented vehicle and conducting predictive maintenance, thereby enhancing the efficiency of the vehicles. Additionally, the availability of periodically sanitized self-driven rented vehicles for safe traveling is also contributing to the growth of the market. Other factors, including the implementation of favorable government policies to encourage tourism activities in monuments, museums and parks, along with rising expenditure capacities of the consumers, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tourism vehicle rental market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, booking mode and end user.

Breakup by Vehicle Type:

  • Economy
  • Luxury/Premium
     

Breakup by Booking Mode:

  • Online
  • Offline
     

Breakup by End User:

  • Self-Driven
  • Rental Agencies
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alamo (Enterprise Holdings Inc), Auto Europe, Avis Budget Group Inc., Carzonrent India Pvt Ltd., EasyCar.com, Europcar Mobility Group, Europe Luxury Cars, Kemwel, Sixt SE, The Hertz Corporation and Zoomcar India Private Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Vehicle Type, Booking Mode, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alamo (Enterprise Holdings Inc), Auto Europe, Avis Budget Group Inc., Carzonrent India Pvt Ltd., EasyCar.com, Europcar Mobility Group, Europe Luxury Cars, Kemwel, Sixt SE, The Hertz Corporation and Zoomcar India Private Ltd.
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 global tourism vehicle rental market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global tourism vehicle rental market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the booking mode?
  • 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 industry?
  • What is the structure of the global tourism vehicle rental market and who are the key players?
  • What is the degree of competition in the industry?

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    Global Tourism Vehicle Rental Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Economy
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Luxury/Premium
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Booking Mode
    7.1    Online
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Offline
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End User
    8.1    Self-Driven
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Rental Agencies
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Alamo (Enterprise Holdings Inc)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Auto Europe
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Avis Budget Group Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Carzonrent India Pvt Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    EasyCar.com
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Europcar Mobility Group
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Europe Luxury Cars
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Kemwel
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Sixt SE
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    The Hertz Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Zoomcar India Private Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Tourism Vehicle Rental Market: Major Drivers and Challenges
Figure 2: Global: Tourism Vehicle Rental Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tourism Vehicle Rental Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Tourism Vehicle Rental Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Tourism Vehicle Rental Market: Breakup by Booking Mode (in %), 2021
Figure 6: Global: Tourism Vehicle Rental Market: Breakup by End User (in %), 2021
Figure 7: Global: Tourism Vehicle Rental Market: Breakup by Region (in %), 2021
Figure 8: Global: Tourism Vehicle Rental (Economy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Tourism Vehicle Rental (Economy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Tourism Vehicle Rental (Luxury/Premium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Tourism Vehicle Rental (Luxury/Premium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Tourism Vehicle Rental (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Tourism Vehicle Rental (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Tourism Vehicle Rental (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Tourism Vehicle Rental (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Tourism Vehicle Rental (Self-Driven) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Tourism Vehicle Rental (Self-Driven) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Tourism Vehicle Rental (Rental Agencies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Tourism Vehicle Rental (Rental Agencies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: North America: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: North America: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: United States: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: United States: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Canada: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Canada: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia-Pacific: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia-Pacific: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: China: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: China: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Japan: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Japan: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: South Korea: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: South Korea: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Australia: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Australia: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Indonesia: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Indonesia: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Others: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Others: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Europe: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Europe: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Germany: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Germany: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: France: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: France: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United Kingdom: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United Kingdom: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Italy: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Italy: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Spain: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Spain: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Russia: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Russia: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Latin America: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Latin America: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Brazil: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Brazil: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Mexico: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Mexico: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Middle East and Africa: Tourism Vehicle Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Middle East and Africa: Tourism Vehicle Rental Market: Breakup by Country (in %), 2021
Figure 68: Middle East and Africa: Tourism Vehicle Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Global: Tourism Vehicle Rental Industry: SWOT Analysis
Figure 70: Global: Tourism Vehicle Rental Industry: Value Chain Analysis
Figure 71: Global: Tourism Vehicle Rental Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Tourism Vehicle Rental Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Tourism Vehicle Rental Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Tourism Vehicle Rental Market Forecast: Breakup by Booking Mode (in Million US$), 2022-2027
Table 4: Global: Tourism Vehicle Rental Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Tourism Vehicle Rental Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Tourism Vehicle Rental Market: Competitive Structure
Table 7: Global: Tourism Vehicle Rental Market: Key Players

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