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 | Sep 2015

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

IBISWorld’s Car Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

The Car Rental industry has changed gears over the past five years, growing strongly after being forced into reverse during the recession. Given that air travelers represent the industry's primary market, growth in air travel over the past five years has been most important in driving revenue expansion. Moreover, the industry is anticipated to continue growing through 2020, driven by an increase in the number of air travelers, rising per capita income and rising corporate profit. The industry's largest companies are expected to retain their competitive advantages over smaller players, such as maintaining strategic alliances with airlines and hotels... 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 $2.53 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

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