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 | Oct 2014

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 09-14
Annual Growth 14-19
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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 Key Buyers Chapter

The Car Rental industry's concentration has increased during the five years to 2014. This is attributable to a string of merger and acquisition activity by the industry's major companies. For example, Hertz acquired Advantage Rent a Car in April 2009 (though they later divested the brand) and Dollar Thrifty in 2012. Avis Budget Group purchased Payless Car Rental in July 2013, which was then the sixth biggest car rental company in North America with 120 retail locations and generating $80.0 million in annual revenue. The big three companies also snapped up two independent car sharing companies in the past five years. Enterprise absorbed Mint Cars-On-Demand in 2012 and Avis purchased Zipcar in 2013 for $491.0 million... 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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