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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 | Jun 2016

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

IBISWorld’s Car Rental market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 11-16
3.0%
Annual Growth 16-21
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Profit
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Employment
113,499
Businesses
2,716
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 2021, 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 Products Chapter

Cars are rented on a daily, weekend, weekly or monthly basis, while leases typically last for over a year or more. Rental charges can include limited or unlimited mileage rates, or a time rate plus a mileage charge, while car-sharing charges constitute an annual membership fee plus an hourly rental rate. Industry rates vary by rental location and are affected by the local market, competitive factors and store-fixed costs. Typically, all rental agreements specify that the customer pays for gas used during the rental. The major players in this industry tend to prefer certain car models. For example, Chrysler vehicles comprised about 76.0% of Dollar Thrifty's vehicle fleet, while Ford and GM models make up about 30.0% and 25.0% of Hertz's cars, respectively... 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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