Market Overview:
The global self-drive car rental market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global self-drive car rental market is segmented on the basis of type, application and region. On the basis of type, the global self-drive car rental market is segmented into hatchback, sedan, SUV and other segments. Hatchback accounted for a major share of the global self-drive car rental market in 2017 and is expected to maintain its dominance throughout the forecast period. On account of increasing demand for SUVs from business travellers across regions such as North America and Europe, SUV segment is anticipated to exhibit highest growth rate during 2018–2030. On the basis of application, business travel accounted for a dominant share in 2017 and this trend is projected to continue throughout 2030 owing to increase in number of corporate travellers globally coupled with rise in disposable income levels across emerging economies such as India and China. Leisure travel was second largest application segment accounting for significant revenue share in 2017; however it would lose its shares by 2030 due slowdown economic conditions prevailing across developed countries including UAS.
Product Definition:
A self-drive car rental is a service that allows customers to rent cars for short periods of time, often by the hour. This type of rental is popular among tourists and business travelers who need a car for only a short period of time.
Hatchback:
Hatchback is a small car with an open passenger compartment. It's primary function is to provide seating for passengers and transport them to their destination. In the past, hatchbacks have been used as basic transportation vehicles in Europe and Asia Pacific regions due to low cost of ownership, easy financing options and lower maintenance costs. However, with growing demand for premium cars that offer features such as high performance engines, innovative drivetrains etc., has led the market towards growth factorization.
Sedan:
Sedan is a passenger car designed for the seating of only one person and it is usually referred to as a “one-seater”. It can also be used in cars that have two seats but they are designated primarily for children or freight purposes. The most prominent characteristic of a sedan is its size, which typically ranges from 3m to 3.75m (10ft to 11ft).
Application Insights:
The business application segment accounted for the largest share of over 60% in 2017. The growing trend of working-class people opting for flexible work schedules to pursue their interests outside the office has led to a rise in demand for self-drive cars. Moreover, companies are increasingly realigning their strategies towards providing onsite facilities for employees so as to offer more benefits and services at an economical cost. This is expected to drive growth over the forecast period.
The leisure application segment is expected register a CAGR of XX% from 2018 to 2030 owing to increasing tourism activities across countries such as India, China, Australia and New Zealand among others which are majorly visited by domestic tourists who prefer travelling in groups rather than alone or with family members.
Regional Analysis:
The market in Asia Pacific is anticipated to grow at the highest rate over the forecast period. The growth can be attributed to increasing disposable income, rising population mobility, and growing awareness about car rental services. In addition, supportive government initiatives are expected to drive the regional market further. For instance, according to a recent study by KPMG and NITI Aayog (India), “Make in India†initiative has been adopted as a key focus area for manufacturing sector development along with financial inclusion of women entrepreneurs through various instruments such as self-drive car rental service providers.
In Europe also known as ‘the land of motors’ owing to high ownership rates of cars among consumers; self-drive car rental plays an important role in reducing vehicular congestion and helps maintain mobility within cities during peak hours thereby contributing towards economic efficiency between users and operators of these services across countries such as Germany, France, Italy etc.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving to cities, and this is particularly true in developing countries. This trend is expected to continue, which will lead to increased demand for self-drive car rental services as people seek convenient and affordable transportation options within city limits.
- Rising income levels: As incomes rise around the world, people have more money available to spend on discretionary items like car rentals. This is particularly true in developing countries where a growing middle class is eager to take advantage of new opportunities afforded by rising incomes.
- Improved infrastructure: Many cities are expanding their public transportation networks, making it easier and more affordable for people to get around without a car. At the same time, roads and highways are being improved, making it easier for self-drive rental cars to navigate through traffic congestion.
Scope Of The Report
Report Attributes
Report Details
Report Title
Self-drive Car Rental Market Research Report
By Type
Hatchback, Sedan, SUV, Other
By Application
Business, Leisure, Other
By Companies
Hertz Global Holdings, Enterprise Holdings, Avis Budget Group, Zoomcar, Europcar, Sixt AG, Localiza, Myles, China Auto Rental Inc, eHi Car Services, Uber Technologies Inc, Car Club, Eco Rent A Car
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Self-drive Car Rental Market Report Segments:
The global Self-drive Car Rental market is segmented on the basis of:
Types
Hatchback, Sedan, SUV, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business, Leisure, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hertz Global Holdings
- Enterprise Holdings
- Avis Budget Group
- Zoomcar
- Europcar
- Sixt AG
- Localiza
- Myles
- China Auto Rental Inc
- eHi Car Services
- Uber Technologies Inc
- Car Club
- Eco Rent A Car
Highlights of The Self-drive Car Rental Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hatchback
- Sedan
- SUV
- Other
- By Application:
- Business
- Leisure
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Self-drive Car Rental Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Self-drive car rental is a service that allows customers to rent a car without having to drive it themselves. The customer hires a driver to take them around the city or country, and the driver handles all of the driving.
Some of the major players in the self-drive car rental market are Hertz Global Holdings, Enterprise Holdings, Avis Budget Group, Zoomcar, Europcar, Sixt AG, Localiza, Myles, China Auto Rental Inc, eHi Car Services, Uber Technologies Inc, Car Club, Eco Rent A Car.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Self-drive Car Rental Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Self-drive Car Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Self-drive Car Rental Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Self-drive Car Rental Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Self-drive Car Rental Market Size & Forecast, 2020-2028
4.5.1 Self-drive Car Rental Market Size and Y-o-Y Growth
4.5.2 Self-drive Car Rental Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hatchback
5.2.2 Sedan
5.2.3 SUV
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Business
6.2.2 Leisure
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Self-drive Car Rental Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Self-drive Car Rental Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hatchback
9.6.2 Sedan
9.6.3 SUV
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Business
9.10.2 Leisure
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hatchback
10.6.2 Sedan
10.6.3 SUV
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Business
10.10.2 Leisure
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hatchback
11.6.2 Sedan
11.6.3 SUV
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Business
11.10.2 Leisure
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hatchback
12.6.2 Sedan
12.6.3 SUV
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Business
12.10.2 Leisure
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hatchback
13.6.2 Sedan
13.6.3 SUV
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Business
13.10.2 Leisure
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Self-drive Car Rental Market: Competitive Dashboard
14.2 Global Self-drive Car Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hertz Global Holdings
14.3.2 Enterprise Holdings
14.3.3 Avis Budget Group
14.3.4 Zoomcar
14.3.5 Europcar
14.3.6 Sixt AG
14.3.7 Localiza
14.3.8 Myles
14.3.9 China Auto Rental Inc
14.3.10 eHi Car Services
14.3.11 Uber Technologies Inc
14.3.12 Car Club
14.3.13 Eco Rent A Car
