The Car Rental industry in China has developed rapidly in the past five years through 2018, with total revenue growing at an annualized rate of 16.1%. Steady growth has been driven by the expanding customer group for car rental services, rising levels of household disposable income in China and the diversification of services provided by car rental firms. In 2018, the industry is estimated to generate $11.4 billion, up 15% from 2017.Before 2007, the industry was limited by the Interim Rules on Administration of Car Rental Industry, which required industry firms to obtain permission for operation. Once the rule was eliminated, an increasing number of enterprises entered the market...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Report - Industry Locations Chapter

Generally, large enterprises within the Car Rental industry are concentrated in well-developed cities, such as Beijing and Shanghai, while small firms are fragmented across China. Higher demand for car rentals in these cities is due to higher disposable income levels, higher usage of automobile vehicles and large populations. In addition, as the airports in Beijing and Shanghai are commonly used for business and leisure trips – inbound and outbound – usage of rental cars by travelers has contributed to the revenue of firms in these cities.BeijingBeijing is one of the most economically developed cities in China and has a large population. Revenue generated from Beijing accounts for an estimated 17.4% of total revenue of the industry in 2018. The...purchase to read more.

Additional Insights for the Car Rentals Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Car Rentals Industry are

  • Establishment of brand names
  • Economies of scale
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Real Personal Disposable Income and The Tourism Market - Total in the Car Rentals industry impact industry performance..

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    What's in this report

    What is the Car Rentals Industry?

    The Car Rental industry in China provides short-term (30 days or fewer) and long-term (more than 30 days) rentals of automobiles, such as passenger vehicles and recreation vehicles. The service of renting cars with drivers is excluded.

    Industry Products
  • Short-term car rental
  • Long-term car rental
  • Industry Activities
  • Short-term car rental
  • Long-term car rental
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real Personal Disposable Income
  • The Tourism Market - Total
  • Competition from Substitutes - Limousine Service - Taxi Service
  • Systems and Technology - by Industry

  • Current Performance
    Operating landscapeIndustry revenueEnterprises and establishmentsEmployment and total wagesCapital requirementsCar ownership gap
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Car Rentals Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car Rentals Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Auto & Parts Wholesaling
  • Auto Parts Manufacturing
  • Automobile Manufacturing
  • Car Repair Services

  • Products & Services
  • Short-term car rental
  • Long-term car rental
  • Chart: Car Rentals Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable income levels
  • Price
  • Convenience
  • Travel habits
  • Number of drivers

  • Major Markets
  • Households
  • Corporate firms
  • Governmental institutions
  • Chart: Major Market Segmentation for the Car Rentals Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profitability
  • Purchases
  • Depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Car Rentals

  • Basis of Competition
  • Price
  • Service
  • Network
  • Brand recognition
  • Fleet composition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Car Rentals Industry

  • Industry Globalization
    China Auto Rental Holdings Inc., EHi Auto Services Co. Ltd., Anji Car Rental & Leasing Co. Ltd., Shenzhen City Extreme Car Rental Co. Ltd., Shouqi Car Rental Co. Ltd.,
  • Table: China Auto Rental Holdings Inc. - financial performance
  • Table: EHi Auto Services Co. Ltd. - financial performance
  • Table: Anji Car Rental & Leasing Co. Ltd. - financial performance
  • Table: Shenzhen City Extreme Car Rental Co. Ltd. - financial performance
  • Table: Shouqi Car Rental Co. Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Car Rentals Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Car Rentals Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Car Fleet
  • A group of automobile vehicles owned or leased by car rental companies.
  • Replacement Rental
  • A short-term car rental service provided to customers with cars under repair or maintenance.
  • Residual Value
  • The value of a used rental car that is sold back to the car manufacturer or wholesaler.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Car Rentals 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Car Rentals:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Car Rentals market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Car Rentals, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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