North America Automotive Rental Market by End-User, by Applications, by Type, by Deployment & by Technology 2032
North America Automotive Rental Market was valued at USD 6.15 Billion in 2022 and is projected to reach USD 10.12 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The North America automotive rental market has experienced significant growth in recent years, fueled by a variety of industry applications and the increasing demands from various sectors. With a market that includes everything from small cars to luxury vehicles and specialized fleet services, the demand for rental services has become integral to several industries, such as tourism, logistics, business travel, and more. The rise of urbanization and changing consumer preferences has led to an increased inclination toward rental options, particularly for short-term needs. Moreover, businesses now require flexible mobility solutions for operational flexibility and cost efficiency.
In tourism, rental cars provide tourists with freedom and ease of access to different locations. Many prefer to rent vehicles for road trips, sightseeing, and local commuting, contributing significantly to the market. Furthermore, the convenience and affordability of renting vehicles in comparison to owning one has driven demand in the logistics industry. Companies in logistics often rely on rental vehicles to manage temporary surges in demand for deliveries, or when operating in regions with fluctuating transportation needs.
The business travel segment also remains a major contributor to the market, as corporate travelers require flexible options for moving between cities, attending meetings, or commuting locally. With the increasing demand for premium services and specialized vehicle types, rental agencies have responded by diversifying their fleet to cater to corporate clients. Additionally, a growing number of industries are incorporating electric and hybrid vehicles into their rental fleets to align with environmental sustainability goals and to meet regulatory standards.
As more individuals and companies embrace rental services as a cost-effective solution, the North America automotive rental market continues to expand. This demand will likely increase with the continued adoption of technology, such as app-based rentals, which streamline the booking process and improve customer experiences. Companies must stay ahead by offering flexible terms, diverse vehicle options, and adopting new trends that cater to specific market needs in the future.
North America Automotive Rental Market
Get an In-Depth Research Analysis of the North America Automotive Rental Market Size And Forecast [2025-2032]
Who are the largest North America manufacturers in the Automotive Rental industry?
- Enterprise
- Hertz
- Avis Budget
- ALD Automotive
- Arval
- Sixt
- Europcar
- Localiza
- Unidas
- CAR Inc.
- Shouqi Group
- Goldcar
- Movida
- Fox Rent A Car
- eHi Car Services
- U-Save
- Yestock Car Rental
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Automotive Rental Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Automotive Rental Market
- Airport
- Off-Airport
What are the types of Automotive Rental available in the Market?
Based on Types the Market is categorized into Below types that held the largest Automotive Rental market share In 2023.
- Leisure Leasing
- Business Leasing
Which regions are leading the North America Automotive Rental Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Automotive Rental Market Research Report, 2024-2032
1. Introduction of the North America Automotive Rental Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Automotive Rental Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Automotive Rental Market, By Type
6. North America Automotive Rental Market, By Application
7. North America Automotive Rental Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Automotive Rental Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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