SEARCH   
MEMBER LOGIN    

Car Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Car Rental Market Research Report | NAICS 53211 | Feb 2015

Driving force: Revived domestic air travel will support modest industry growth for car rentals

IBISWorld’s Car Rental market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 10-15
3.2%
Annual Growth 15-20
Add to Cart
Profit
Add to Cart
Employment
110,032
Businesses
2,380
Industry Analysis & Industry Trends

The global recession put the brakes on the industry, but a revival in demand for air travel will stimulate growth again. Rising personal incomes and more generous corporate travel budgets will underpin growth from this market; however, rising fuel prices and the corresponding increase in ticket prices threaten that forecast. Still, the industry is forecast to pick up speed as operators implement new strategies and look to focus on ride sharing, a growing service segment in the industry... purchase to read more

Industry Report - Industry Investment Chapter

The Car Rental industry is highly capital intensive, with the average industry operator expected to spend $2.33 on capital for every $1.00 spent on labor. In order to operate, industry operators must purchase a large fleet of vehicles. Operators must spend large amounts of capital on the maintenance and repair of their fleets, as well as regularly replace older and malfunctioning vehicles with newer ones. Consequently, depreciation represents the largest cost to many operators in the industry. The major players participate in a variety of vehicle purchase programs with major domestic and foreign vehicle manufacturers and wholesalers. Car rental companies purchase most of their vehicles through vehicle financing programs. Asset-backed debt facilities usually underwrite these programs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Car Rental Industry?

Operators in this industry rent or lease passenger cars to customers. Car rentals typically last a short time (30 days or fewer) while leasing agreements are for longer (12 months or more). The industry excludes the rental or leasing of cars with drivers.

Industry Products
Leisure car rentalBusiness car rentalCar leasingCar sharing
 
Industry Activities
Passenger car rentalPassenger car leasing


View Sample
Quote
Select Clients