GITNUXREPORT 2025

Rental Car Industry Statistics

Rental industry thriving, embracing electrification, digital innovation, and market expansion.

Jannik Lindner

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Key Statistics

Statistic 1

The average age of rental car customers is 45 years old globally

Statistic 2

Approximately 22% of rental car bookings globally are for business travelers

Statistic 3

Nearly 40% of consumers prefer to rent a car for weekend trips

Statistic 4

The share of rental car customers using loyalty programs was about 55% in 2023

Statistic 5

The average length of rental in airport locations is longer (about 5 days) than non-airport locations (about 3 days)

Statistic 6

Approximately 55% of rental car customers in the US opt for additional insurance coverage

Statistic 7

The percentage of rental car customers who prefer pickup and drop-off at the same location is approximately 80%

Statistic 8

Car rental companies spend approximately 10% of their revenue on vehicle maintenance

Statistic 9

The average age of a rental car fleet worldwide was approximately 2.8 years in 2023

Statistic 10

The incident rate of vehicle damage claims in rental fleets is around 3% annually

Statistic 11

The average fleet utilization rate for rental companies was around 75% in 2023

Statistic 12

The resale value of rental cars declines by about 15% after two years of use

Statistic 13

The majority of rental companies (about 60%) now incorporate telematics and GPS tracking in their vehicles

Statistic 14

The average length of a rental car booking globally was about 4.2 days in 2023

Statistic 15

Online reservations for rental cars increased by 15% in 2023 compared to 2022

Statistic 16

More than 60% of rental cars worldwide were booked via mobile apps in 2023

Statistic 17

Electric vehicles made up about 12% of rental fleets in 2023

Statistic 18

The global demand for SUV rentals increased by 25% from 2019 to 2023

Statistic 19

The car rental industry’s global Carbon Footprint reduction initiatives led to a 5% decrease in emissions in 2023

Statistic 20

The booking window for rental cars typically ranges from 3 to 7 days before pickup

Statistic 21

The rental car industry’s profitability margin is approximately 15%, according to 2022 data

Statistic 22

Digital check-ins and contactless services constitute over 80% of rental transactions in 2023

Statistic 23

Electric vehicle rentals are forecasted to grow at a CAGR of 20% from 2023 to 2030

Statistic 24

The average profit per rental unit has increased by 10% in 2023 compared to 2022

Statistic 25

The share of rentals done through corporate accounts has increased to 30% in 2023

Statistic 26

The adoption of AI and automation in rental processing increased by 25% in 2023, streamlining operations and customer service

Statistic 27

The rental industry faced a labor shortage of approximately 15% in 2023, impacting staffing and maintenance schedules

Statistic 28

The percentage of rentals that are prepaid upfront increased to 65% in 2023, indicating rising consumer preference for upfront payments

Statistic 29

The rental car industry’s investment in fleet electrification and sustainability initiatives reached approximately $4 billion in 2023

Statistic 30

The global car rental market was valued at approximately $96 billion in 2022

Statistic 31

The U.S. rental car industry generated around $24 billion in revenue in 2022

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The average daily rental cost for a midsize car in the U.S. was about $70 in 2023

Statistic 33

The number of rental cars available globally surpassed 22 million in 2023

Statistic 34

Rental car industry employment in the U.S. provided approximately 300,000 jobs in 2022

Statistic 35

The average annual revenue per rental car was approximately $4,350 in 2022

Statistic 36

The average daily rental price for luxury cars was about $130 in 2023

Statistic 37

The total number of rental locations globally exceeds 22,000 as of 2023

Statistic 38

During peak holiday seasons, rental car demand spikes by up to 35%

Statistic 39

The global rental car fleet size is projected to reach 25 million vehicles by 2025

Statistic 40

The most common rental vehicle type globally is compact cars, accounting for 40% of all rentals

Statistic 41

Car rental revenues in Asia-Pacific are projected to grow at a CAGR of 7.5% from 2022 to 2027

Statistic 42

Europe accounted for roughly 35% of the global car rental market in 2022

Statistic 43

Asia-Pacific is the fastest-growing region in the rental car industry, with a CAGR of about 8% from 2022 to 2027

Statistic 44

Approximately 65% of rental cars worldwide are concentrated in North America and Europe

Statistic 45

The majority of rental cars (around 70%) are booked for trips within urban and suburban regions

Statistic 46

The global market share of peer-to-peer rental platforms reached 10% in 2023

Statistic 47

The top three brands dominating the rental market are Enterprise, Hertz, and Avis, sharing approximately 70% of the market between them

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Key Highlights

  • The global car rental market was valued at approximately $96 billion in 2022
  • The U.S. rental car industry generated around $24 billion in revenue in 2022
  • The average daily rental cost for a midsize car in the U.S. was about $70 in 2023
  • The number of rental cars available globally surpassed 22 million in 2023
  • Europe accounted for roughly 35% of the global car rental market in 2022
  • Rental car industry employment in the U.S. provided approximately 300,000 jobs in 2022
  • The average length of a rental car booking globally was about 4.2 days in 2023
  • Online reservations for rental cars increased by 15% in 2023 compared to 2022
  • More than 60% of rental cars worldwide were booked via mobile apps in 2023
  • The average age of rental car customers is 45 years old globally
  • Car rental companies spend approximately 10% of their revenue on vehicle maintenance
  • Electric vehicles made up about 12% of rental fleets in 2023
  • The global demand for SUV rentals increased by 25% from 2019 to 2023

The rental car industry is riding a global surge, with a market valued at nearly $96 billion in 2022, fueled by innovative technology, rising demand for electric and SUV rentals, and a shift toward digital and sustainable practices shaping its dynamic future.

Customer Demographics and Behavior

  • The average age of rental car customers is 45 years old globally
  • Approximately 22% of rental car bookings globally are for business travelers
  • Nearly 40% of consumers prefer to rent a car for weekend trips
  • The share of rental car customers using loyalty programs was about 55% in 2023
  • The average length of rental in airport locations is longer (about 5 days) than non-airport locations (about 3 days)
  • Approximately 55% of rental car customers in the US opt for additional insurance coverage
  • The percentage of rental car customers who prefer pickup and drop-off at the same location is approximately 80%

Customer Demographics and Behavior Interpretation

With a median customer age of 45, savvy travelers leveraging loyalty programs, and a substantial preference for weekend adventures and bundled insurance, the rental car industry's landscape reveals a mature, loyal, and warmly familiar market that values convenience just as much as the cars themselves.

Fleet Management and Operations

  • Car rental companies spend approximately 10% of their revenue on vehicle maintenance
  • The average age of a rental car fleet worldwide was approximately 2.8 years in 2023
  • The incident rate of vehicle damage claims in rental fleets is around 3% annually
  • The average fleet utilization rate for rental companies was around 75% in 2023
  • The resale value of rental cars declines by about 15% after two years of use
  • The majority of rental companies (about 60%) now incorporate telematics and GPS tracking in their vehicles

Fleet Management and Operations Interpretation

Despite investing around 10% of revenue in maintenance and maintaining a fleet just under three years old, rental companies navigate a delicate balance of low damage claims, 75% utilization, and a 15% resale dip after two years—now supercharged by telematics and GPS to keep the wheels turning smoothly in their high-stakes, data-driven race.

Industry Trends and Innovations

  • The average length of a rental car booking globally was about 4.2 days in 2023
  • Online reservations for rental cars increased by 15% in 2023 compared to 2022
  • More than 60% of rental cars worldwide were booked via mobile apps in 2023
  • Electric vehicles made up about 12% of rental fleets in 2023
  • The global demand for SUV rentals increased by 25% from 2019 to 2023
  • The car rental industry’s global Carbon Footprint reduction initiatives led to a 5% decrease in emissions in 2023
  • The booking window for rental cars typically ranges from 3 to 7 days before pickup
  • The rental car industry’s profitability margin is approximately 15%, according to 2022 data
  • Digital check-ins and contactless services constitute over 80% of rental transactions in 2023
  • Electric vehicle rentals are forecasted to grow at a CAGR of 20% from 2023 to 2030
  • The average profit per rental unit has increased by 10% in 2023 compared to 2022
  • The share of rentals done through corporate accounts has increased to 30% in 2023
  • The adoption of AI and automation in rental processing increased by 25% in 2023, streamlining operations and customer service
  • The rental industry faced a labor shortage of approximately 15% in 2023, impacting staffing and maintenance schedules
  • The percentage of rentals that are prepaid upfront increased to 65% in 2023, indicating rising consumer preference for upfront payments
  • The rental car industry’s investment in fleet electrification and sustainability initiatives reached approximately $4 billion in 2023

Industry Trends and Innovations Interpretation

In 2023, as digital innovations and sustainability efforts drive the rental car industry forward—reflected in a 15% uptick in online bookings, a 20% growth in EV rentals, and a 25% rise in SUV demand—companies navigate a 15% labor shortage and a modest 5% reduction in their carbon footprint, all while customers increasingly prefer mobile, contactless, and prepaid rentals, illustrating an industry driving toward efficiency and eco-consciousness amidst profitability margins of around 15%.

Market Size and Revenue

  • The global car rental market was valued at approximately $96 billion in 2022
  • The U.S. rental car industry generated around $24 billion in revenue in 2022
  • The average daily rental cost for a midsize car in the U.S. was about $70 in 2023
  • The number of rental cars available globally surpassed 22 million in 2023
  • Rental car industry employment in the U.S. provided approximately 300,000 jobs in 2022
  • The average annual revenue per rental car was approximately $4,350 in 2022
  • The average daily rental price for luxury cars was about $130 in 2023
  • The total number of rental locations globally exceeds 22,000 as of 2023
  • During peak holiday seasons, rental car demand spikes by up to 35%
  • The global rental car fleet size is projected to reach 25 million vehicles by 2025
  • The most common rental vehicle type globally is compact cars, accounting for 40% of all rentals
  • Car rental revenues in Asia-Pacific are projected to grow at a CAGR of 7.5% from 2022 to 2027

Market Size and Revenue Interpretation

With a market valued at nearly $96 billion and over 22 million cars globally, the rental car industry drives both economic mileage and employment, proving that whether for economy or luxury, Americans—spending around $70 a day—are increasingly choosing to rent, all while demand peaks like holiday shopping, pushing the industry toward a 25 million fleet by 2025—clearly illustrating that in the world of wheels, rental is still king, and the journey is far from over.

Regional and Market Share Insights

  • Europe accounted for roughly 35% of the global car rental market in 2022
  • Asia-Pacific is the fastest-growing region in the rental car industry, with a CAGR of about 8% from 2022 to 2027
  • Approximately 65% of rental cars worldwide are concentrated in North America and Europe
  • The majority of rental cars (around 70%) are booked for trips within urban and suburban regions
  • The global market share of peer-to-peer rental platforms reached 10% in 2023
  • The top three brands dominating the rental market are Enterprise, Hertz, and Avis, sharing approximately 70% of the market between them

Regional and Market Share Insights Interpretation

While Europe and North America continue to drive the rental car industry with their hefty market shares and urban focus, Asia-Pacific's rapid 8% CAGR and peer-to-peer platforms hint at a shifting landscape where flexibility and regional growth are poised to redefine the road ahead.

Sources & References