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Car Rental in Michigan

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MI53211

Car Rental in Michigan industry analysis

The Car Rental industry in Michigan is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Car Rental in Michigan Market Research Report

What’s Included in the Car Rental in Michigan Market Research Report

Definition of the Car Rental in Michigan?

Operators rent or lease passenger cars to customers. Car rentals typically last a short time (30 days or fewer) while leasing agreements last longer (12 months or more). This industry excludes the rental or leasing of cars with drivers or trucks.

What’s included in the Car Rental in Michigan?

The Car Rental in Michigan includes leisure car rental, business car rental, car leasing and car sharing. Related terms covered in the Car Rental in Michigan industry report includes the market for car rental services at or near airports, which is made up almost entirely of air travelers and historically is the industry's primary market, a very short-term car rental where customers pay an annual fee plus hourly rental rate to rent cars from specified locations in participating cities, an agreement between car rental companies and airports specifying how many counters a rental company can operate at an airport, the market for car rental services away from airports, usually in cities, suburbs or rural areas, which includes car sharing and insurance replacements and a value car rental companies receive when they sell a rental car back to a car manufacturer or a car wholesaler.

Industry Performance of the Car Rental industry in Michigan

Benchmark the Car Rental in Michigan industry performance with all MI county and national performance.

Car Rental in Michigan

#13 in Highest Revenue 2.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Car Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Car Rental industry in Michigan

See how key industry drivers, such as population, house price index, private investment in non-residential construction, domestic trips by us residents, per capita disposable income and demand from airport operations are impacting Car Rental in Michigan

Michigan Economic Indicators

Population
House Price Index
Private Investment in Non-Residential Construction

View more economic information in MI State Economic profile

US Key External Drivers

Domestic trips by US residents
Per capita disposable income
Demand from airport operations

For the full list of industry drivers, see report purchase options.

County Data of the Car Rental industry in Michigan

Access proprietary data on county in the Car Rental in Michigan, such as Wayne County, Oakland County and Kent County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Car Rental industry in Michigan

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Car Rental industry in Michigan in 2025?

The market size of the Car Rental industry in Michigan is $1.4bn in 2025.

How many businesses are there in the Car Rental industry in Michigan in 2025?

There are 245 businesses in the Car Rental industry in Michigan, which has been growing at an average annual rate of 0.5% from 2020 to 2025.

Has the Car Rental industry in Michigan grown or declined over the past 5 years?

The market size of the Car Rental industry in Michigan has been growing at an average annual rate of 7.6% from 2020 to 2025.

How many employees in the Car Rental industry in Michigan in 2025?

There are 1,847 employees in the Car Rental industry in Michigan, which has been declining at an average annual rate of -2.5% from 2020 to 2025.