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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 | Jul 2014

Ride sharing: Revived domestic air travel will support modest growth for car rentals

The Car Rental market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$36bn
Annual Growth 09-14
3.1%
Annual Growth 14-19
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Profit
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Employment
128,535
Businesses
2,436
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 firms implement new strategies and look to focus on ride sharing, a growing service segment in the industry... purchase to read more

Industry Report - Industry Locations Chapter

Car rental locations are distributed is based on two factors. First, rental locations are concentrated near airports and major population centers. This is because air travelers generate most of the industry's revenue and the busiest airports are near major cities. Furthermore, major population centers offer larger markets for local services like insurance replacement and car sharing than suburban or rural areas.

Second, states that are popular tourist destinations tend to have a higher concentration of rental locations than other states. For example, Hawaii has more rental locations than Oklahoma or Oregon, despite being significantly smaller and having fewer residents than either state... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Car Rental Industry?

Companies 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


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