What is the market size of car rental companies | Trends & Forecast 2025

What is the market size of car rental companies?

Largely, the market is driven by several factors including the rebound of international tourism and business travel, growing urbanization, rising disposable incomes, and the ongoing shift toward on-demand and subscription-based mobility models. 

Further, the preferences of consumers have been shifting towards the convenience which set the scene for mobile and contactless booking platforms. Alongside, the dynamic price of AI-powered, and seamless digital customer experiences. Furthermore, there is an increment push towards the integrating electric vehicles in rental fleets which is complemented by partnerships with ride-hailing platforms. Eco-conscious fleets are also majorly accelerating the adoption of greener options.

List of the car rental companies

1. Enterprise Holdings, Inc.

The world’s largest car rental holding company, operating Enterprise Rent A Car, National, and Alamo. With about 40% of the U.S. rental market, it generated record revenues of US$35 billion in FY 2023 and manages 2.5 million vehicles.

2. Avis Budget Group, Inc.

Parent company of Avis, Budget, and Zipcar car-sharing services. It is consistently listed among the top global rental operators.

3. Sixt SE

A German-based rental company with ~2,000 global outlets in over 100 countries. Sixt also operates ride-hailing, car-sharing, and subscription services via its digital mobility platform.

4. Europcar Mobility Group

One of Europe’s largest rental companies, active in over 140 countries. Offers varied vehicle classes and mobility solutions, with a recent expansion under Green Mobility Holding.

5. Localiza Rent a Car S.A.

Latin America’s largest car rental company, serving over a dozen countries with diversified fleet and mobility services.

6. Turo Inc.

Leading peer-to-peer car-sharing platform with 3.5 million users and 150,000 active hosts across multiple countries. Generated US$879.7 million in 2023.

7. Hertz Global Holdings

A major global rental provider with brands including Hertz, Dollar, Thrifty, and Firefly. It holds approximately 36% of the U.S. market and operates around 12,000 locations worldwide.

8. Carzonrent India Pvt. Ltd.

One of India’s largest self-drive and chauffeur-driven car rental operators with presence in 15+ cities and diversified fleet offerings.

9. Uber Technologies, Inc.

While primarily a ride-hailing company, Uber has ventured into rentals and car sharing under its platform, facilitating short-term vehicle access through partnerships.

10. Eco Rent a Car LLC

A leading car rental brand across the Middle East offering eco-friendly, mid-range, and luxury vehicles. Expanding via franchise to several countries.

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