Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Luxury Car Rental Market by Type (Business Rental, Leisure Rental), By Application (Airport, Off-airport) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Luxury Car Rental Market by Type (Business Rental, Leisure Rental), By Application (Airport, Off-airport) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131563 3300 Automobile & Transportation 377 244 Pages 4.9 (43)
                                          

Market Overview:


The global luxury car rental market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for luxury cars for business and leisure rentals. Additionally, the rising disposable income of consumers and growing tourism industry are also fuelling the growth of this market. On the basis of type, the global luxury car rental market is segmented into business rental and leisure rental. The business rental segment dominates this market owing to increased demand from corporate customers for short-term rentals. On the basis of application, airport accounted for majority share in 2017 and is expected to maintain its dominance during forecast period due to increase in number of air passengers globally.


Global Luxury Car Rental Industry Outlook


Product Definition:


Luxury car rental is a service that provides people with access to high-end cars for a short period of time. The importance of luxury car rental lies in the fact that it allows people to experience some of the most luxurious vehicles on the market without having to purchase them outright. This can be a great way for people to test out different models and styles before they make a final purchase decision. Additionally, luxury car rental can be an excellent way for businesses or individuals who need to impress clients or guests to make a good impression.


Business Rental:


Business rental is a form of lease where the lessor (lessee) does not possess the property and the lessee (user) occupies it for a specific period. The lessor obtains an economic benefit by leasing out his property, while the lessee utilizes facilities for conducting business.


Leisure Rental:


A leisure rental is a type of accommodation where the owner (usually an individual) allows tourists or travelers to use their property for vacations, events, business trips or any other purpose. The main aim of this service is to generate income by allowing tourists access to private properties without the need for buying the property.


The global market has been witnessing strong growth over recent years.


Application Insights:


Airport rental accounted for the largest revenue share of over 80% in 2017. The increasing number of airports across the world has been a major factor in growing the market. According to aviation statistics, airport authorities recorded a total of 648 million passengers who flew worldwide and arrived or departed from an airport during 2017. Increasing air traffic is expected to drive demand for luxury car rentals at airports globally.


The off-airport application segment is projected to witness significant growth over the forecast period owing to rising consumer preference towards vehicle rentals that offer flexibility and convenience while traveling away from home or business destinations, as they provide access to more than one location within minutes without having any physical contact with vehicles involved in accidents on blind turns or narrow lanes where visibility may be reduced due to fog, rainwater etcetera making it difficult for drivers using conventional vehicles resulting in increased adoption of off-airport rental services globally which will have a positive impact on industry growth over the forecast period.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing disposable income, especially among the middle-class population of developing countries such as India and China. Moreover, rising demand for luxury car rental services owing to an increase in travel options has led to a subsequent rise in demand for these services across this region.


The Asia Pacific regional market is characterized by high economic growth along with increasing per capita income levels across emerging economies such as India and China. These factors have resulted in increased spending on leisure activities by consumers of this region, thereby driving industry growth over the forecast period. The Middle East & Africa (MEA) regional market also presents significant opportunities due to growing disposable incomes coupled with high tourism activity across countries including UAE, Saudi Arabia and Egypt among others; thus leading towards a subsequent rise in demand for luxury car rental services within this region over the next eight years or so  (until 2030).


Growth Factors:


  • Increasing disposable income of the population: The luxury car rental market is expected to grow as the disposable income of the population increases. This is because people would want to use their increased disposable income for luxury items such as renting a luxury car.
  • Rising number of tourists: The number of tourists is also expected to rise, which will lead to an increase in demand for luxury cars for rent. This is because tourists often prefer renting luxurious cars than using public transportation or taking taxis.
  • Proliferation of online platforms: There has been a proliferation of online platforms that offer services such as booking and renting cars, which has made it easier for people to access these services and has led to an increase in demand for them.
  • Improved infrastructure: The development of better infrastructure, such as airports and highways, has made it easier and faster for people to travel around different parts of the country or world, thereby increasing demand for luxury car rentals. 5) Growing popularity of experiential travel: There has been a growing trend towards experiential travel, where people are looking more for unique experiences rather than just visiting tourist destinations. This trend is likely to benefit the luxury car rental market since it offers unique experiences that can be enjoyed while travelling

Scope Of The Report

Report Attributes

Report Details

Report Title

Luxury Car Rental Market Research Report

By Type

Business Rental, Leisure Rental

By Application

Airport, Off-airport

By Companies

Enterprise, Hertz, Avis Budget, Sixt, Europcar, Localiza, CAR Inc., Movida, Unidas, Goldcar, eHi Car Services, Fox 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

244

Number of Tables & Figures

171

Customization Available

Yes, the report can be customized as per your need.


Global Luxury Car Rental Market Report Segments:

The global Luxury Car Rental market is segmented on the basis of:

Types

Business Rental, Leisure Rental

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

Airport, Off-airport

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:

  1. Enterprise
  2. Hertz
  3. Avis Budget
  4. Sixt
  5. Europcar
  6. Localiza
  7. CAR Inc.
  8. Movida
  9. Unidas
  10. Goldcar
  11. eHi Car Services
  12. Fox Rent A Car

Global Luxury Car Rental Market Overview


Highlights of The Luxury Car Rental Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Business Rental
    2. Leisure Rental
  1. By Application:

    1. Airport
    2. Off-airport
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Luxury 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:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Luxury Car Rental Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Luxury Car Rental Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Luxury Car Rental Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Luxury Car Rental Market - Supply Chain
   4.5. Global Luxury Car Rental Market Forecast
      4.5.1. Luxury Car Rental Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Luxury Car Rental Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Luxury Car Rental Market Absolute $ Opportunity

5. Global Luxury Car Rental Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Luxury Car Rental Market Size and Volume Forecast by Type
      5.3.1. Business Rental
      5.3.2. Leisure Rental
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Luxury Car Rental Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Luxury Car Rental Market Size and Volume Forecast by Application
      6.3.1. Airport
      6.3.2. Off-airport
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Luxury Car Rental Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Luxury Car Rental Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Luxury Car Rental Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Luxury Car Rental Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Luxury Car Rental Demand Share Forecast, 2019-2029

9. North America Luxury Car Rental Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Luxury Car Rental Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Luxury Car Rental Market Size and Volume Forecast by Application
      9.4.1. Airport
      9.4.2. Off-airport
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Luxury Car Rental Market Size and Volume Forecast by Type
      9.7.1. Business Rental
      9.7.2. Leisure Rental
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Luxury Car Rental Demand Share Forecast, 2019-2029

10. Latin America Luxury Car Rental Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Luxury Car Rental Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Luxury Car Rental Market Size and Volume Forecast by Application
      10.4.1. Airport
      10.4.2. Off-airport
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Luxury Car Rental Market Size and Volume Forecast by Type
      10.7.1. Business Rental
      10.7.2. Leisure Rental
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Luxury Car Rental Demand Share Forecast, 2019-2029

11. Europe Luxury Car Rental Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Luxury Car Rental Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Luxury Car Rental Market Size and Volume Forecast by Application
      11.4.1. Airport
      11.4.2. Off-airport
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Luxury Car Rental Market Size and Volume Forecast by Type
      11.7.1. Business Rental
      11.7.2. Leisure Rental
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potentil Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Luxury Car Rental Demand Share, 2019-2029

12. Asia Pacific Luxury Car Rental Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Luxury Car Rental Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Luxury Car Rental Market Size and Volume Forecast by Application
      12.4.1. Airport
      12.4.2. Off-airport
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Luxury Car Rental Market Size and Volume Forecast by Type
      12.7.1. Business Rental
      12.7.2. Leisure Rental
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Luxury Car Rental Demand Share, 2019-2029

13. Middle East & Africa Luxury Car Rental Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Luxury Car Rental Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Luxury Car Rental Market Size and Volume Forecast by Application
      13.4.1. Airport
      13.4.2. Off-airport
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Luxury Car Rental Market Size and Volume Forecast by Type
      13.7.1. Business Rental
      13.7.2. Leisure Rental
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Luxury Car Rental Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Luxury Car Rental Market: Market Share Analysis
   14.2. Luxury Car Rental Distributors and Customers
   14.3. Luxury Car Rental Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Enterprise
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Hertz
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Avis Budget
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Sixt
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Europcar
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Localiza
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. CAR Inc.
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Movida
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Unidas
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Goldcar
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. eHi Car Services
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Fox Rent A Car
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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