GITNUX MARKETDATA REPORT 2024

Must-Know Rental Car Industry Statistics [Current Data]

Statistic 1

"In 2021, the global car rental market size was valued at $92.92 billion."

Sources Icon

Statistic 2

"The US car rental industry revenue is approximately $28.56 billion in 2020."

Sources Icon

Statistic 3

"The car rental market is projected to reach $144.21 billion by 2027."

Sources Icon

Statistic 4

"There are a total of 19,509 car rental businesses in the USA as of 2020."

Sources Icon

Statistic 5

"The car rental industry in the USA employed around 138,872 people in 2020."

Sources Icon

Statistic 6

"As of 2019, the car rental industry contributed around 8 BILLION U.S Dollars to U.S GDP."

Sources Icon

Statistic 7

"In 2021, the compact car segment accounted for the largest market share of 29.6% in the global car rental industry."

Sources Icon

Statistic 8

"By 2024, the rental car industry in China is set to reach 131 billion yuan."

Sources Icon

Statistic 9

"Business car rental was valued at over $66 billion in 2020, and is anticipated to reach $86 billion by 2026."

Sources Icon

Statistic 10

"Car sharing is expected to be the fastest-growing category over the forecast period 2021-2027, within the car rental industry."

Sources Icon

Statistic 11

"The rental car industry is expected to expand at a compound annual growth rate (CAGR) of about 5.6% from 2021 to 2028."

Sources Icon

Statistic 12

"In North America, airport car rental counts for nearly 50% of the industry revenue."

Sources Icon

Statistic 13

"From 2015-2020, the annual growth in the car rental industry was -1.9%."

Sources Icon

Statistic 14

"In 2018, the global market size of car rental for leisure purposes was approximately 30.54 billion U.S. dollars."

Sources Icon

Statistic 15

"In 2019, the average age of rental cars in the US was about 11.7 months."

Sources Icon

Statistic 16

"On average, a rental car spends about 13 days in service before being retired."

Sources Icon

Statistic 17

"In 2019, the car rental service in Europe was valued at approximately 18 billion euros."

Sources Icon

Statistic 18

"In 2019, there were approximately 52,400 car rental companies in the U.K."

Sources Icon

Statistic 19

"As of 2021, Enterprise Holdings is the largest car rental company in the United States, with a fleet size of nearly 1.7 million vehicles."

Sources Icon

Statistic 20

"The sixt company reported rental revenues of approximately 1.53 billion euros in 2019."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!