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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

IBISWorld’s Car Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

This industry has a very high level of capital intensity because car rental companies must purchase many vehicles, and then regularly replace old vehicles with new ones. Car acquisition and depreciation are usually the largest expense items for companies in this 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?

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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