Car Rental in Europe
SummaryCar Rental in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is made up of car rentals for business, leisure purposes and Insurance replacement. Market volumes represent the size of the rental car fleet within the respective countries. The calculation excludes leasing and long term rentals. Taxis/cabs or any other passenger vehicles driven by drivers are excluded from the calculation. The distribution channels are represented by airport and non airport locations calculated for leisure and business segments only. Other distribution channel represents the value of the fleet rented for insurance purpose. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The European car rental market had total revenues of $10,729.3 million in 2021, representing a compound annual growth rate (CAGR) of -9% between 2016 and 2021.
- The size of the rental fleet declined with a CAGR of -3.5% between 2016 and 2021, to reach a total of 1.3 million vehicles in 2021.
- In 2019, 243 million Europeans made at least one trip in the year, with this number dropping by 21%ed in 2020 by 21% to 193 million as compared to 2019.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the car rental market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in Europe
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe car rental market with five year forecasts
Reasons To Buy
- What was the size of the Europe car rental market by value in 2021?
- What will be the size of the Europe car rental market in 2026?
- What factors are affecting the strength of competition in the Europe car rental market?
- How has the market performed over the last five years?
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