Tourism Vehicle Rental Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMAT2526 | Last Updated On: Sep 03 2021 | No. of Pages: 180 | Available Formats

> Global Tourism Vehicle Rental Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global Tourism Vehicle Rental Market is segmented By Vehicle Type (Passenger Cars, Luxury/Premium, Tourist Van, Others), By Booking Type (Online, Offline), By End-user (Self-driven, Rental Agencies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

The "Global Tourism Vehicle Rental Market" is expected to grow at a high CAGR during the forecasting period (2021-2028).

Tourism vehicle rental is serving the people who want to travel to the selected location. Growing trends in traveling among people all over the world drive demand through online travel booking for tourists. Tourism vehicle rental is becoming common in institutes, universities, corporate companies, and insurance companies worldwide. Many tourism companies provide online and offline booking services to grow their revenue due to the rising popularity of travel. 

*Source: DataM Intelligence Analysis 

Market Dynamics:

The market is driven by the rising demand for vehicles with growing tourism trends due to rising consumer spending. Furthermore, rising international tourist travel around the globe also drives the demand for tourism vehicle rental. According to the World Tourism Organization, in 2018, around 1.4 billion international tourists increased by 7% compared to 2017.

There is a rise in digital technology adoption for increasing tourism trends among the people and raising new End-users and services by leading companies and raising the investments. For instance, on 14th June 2019, Hertz Company had been launched car rental subscription services. This service is available monthly with a car subscription service that can be provided car every weekend.

Segment Analysis

The global tourism vehicle rental market is segmented on vehicle type, booking type, End-users, and region. The global Tourism vehicle rental market is bifurcated into passenger cars, luxury/premium, tourist vans, and others in terms of vehicle types. Among these, the passenger car segment has the highest market share in 2019 owing to the increasing number of travelers due to rising consumer spending. According to the Sustainability Accounting Standards Board Organization in 2014, the global rental car industry has been generated around USD 50 billion in revenue, including publicly traded companies revenue of USD 37.5 billion worldwide.

Similarly, luxury/premium and tourist van segments are also growing faster due to rising funding by the leading players worldwide. For instance, in 2016, Zoomcar, a leading car rental company, received USD 24 million in funding.

**Source: DataM Intelligence Analysis

Depending on the booking type, the global tourism vehicle rental market is divided into online and offline. Among these, the online segment had the highest share in 2019. This is primarily due to the rising adoption of digital technology and raising the number of internet users and smartphone users.  According to the Global System for Mobile Communications (GSMA), in 2018, there were around 3.5 billion people connected to the internet via smartphones.

Similarly, offline segments are also growing faster due to a surge in global travel & tourism agencies and employment worldwide, with a surge in tourists' number due to rising consumer spending. According to the World Travel & Tourism Council’s (WTTC), the global contribution for travel and tourism was around USD 8.8 trillion. This industry was employed more than 319 million people around the globe in 2018.

**Source: DataM Intelligence Analysis

 Depending on the end-users, the global tourism vehicle rental is segmented into self-driven, rental agencies, and others. Among these, the rental agencies segment had the highest market share in 2019. This growth is anticipated due to the rise in the popularity of rental vehicle agencies among the people. According to the European Commission and the World Tourism Organization (UNWTO), in 2016, international tourism visitors reached 1,239 million, generated around Euro 1,107 billion revenue worldwide.

Similarly, the self-driven segment is also growing faster due to increased demand for tourism, a surge in the global population, and rising private vehicle rental services.

**Source: DataM Intelligence Analysis

Geographical Presentation

By region, the global tourism vehicle rental market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America is the dominant region for the global tourism vehicle rental market and expected to grow at the highest CAGR during the forecasted period due to the growing adoption of online vehicles booking, rising tourist destinations due to a surge in consumer spending for traveling followed by Europe region. According to U.S. domestic travel Organization, in 2019, the total number of personal trips was increased by 1.7% compared to the previous year reached a total of 2.3 billion people. This Organization also stated that the United States contributed around USD 2.6 trillion in 2019 for the total travel-related output. Furthermore, in North America, there are many tourist destinations, including Niagara Falls from Toronto, Canada, Banff National Park & the Rocky Mountains from Alberta Canada, Ottawa's Parliament Hill, and many others. These destinations have attracted the tourist in North America region which directly propels the tourism vehicle rental market.

Europe and the Asia Pacific are also growing faster for the tourism vehicle rental market, owing to increasing tourism and traveling among the people due to rising consumer spending in this region. According to the European Commission and the World Tourism Organization (UNWTO), tourism has been generated around 26 million jobs and contributed 10% to Europe’s GDP.

**Source: DataM Intelligence Analysis

Competitive Analysis

The global tourism vehicle rental market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Avis, Kemwel, Easycar, Sixt, Enterprise, Carzonrent, Zoomcar, Europe Luxury Car Hire, Autoeurop, Europcar, Hertz, and Budget Rent A Car System Inc. are the leading market players with significant market share.

Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 24th Feb 2020, the SIXT Company’s 42% stake was acquired by Hyundai Capital Services for around USD 170 Million. Further on 3rd June 2020, SIX, T, a leading German-based international provider of high-end mobility service, hasn't built a new partnership with the car rental, leasing, and limousine subsidiary Alturki Holding Saudi Arabia.

Why Purchase the Report?

  • Visualize the composition of the global Tourism vehicle rental market products in Vehicle Type and End-user,r highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global Tourism vehicle rental market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global Tourism vehicle rental market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global Tourism vehicle rental market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors

Related Topic's

Luxury Car Market

Advanced Driver Assistance Systems

 

Table of Contents

  1. Tourism Vehicle Rental Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Tourism Vehicle Rental Market – Market Definition and Overview

  3. Tourism vehicle rental Market – Executive Summary

    1. Market Snippet by Vehicle Type
    2. Market Snippet by Booking Type
    3. Market Snippet by End-user
    4. Market Snippet by Region
  4. Tourism vehicle rental Market Dynamics

    1. Market Impacting Factors
      1. Drivers
      2.  Restraints
      3. Impact Analysis
    2. Opportunity
  5. Tourism vehicle rental Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Regulatory Analysis
    4. Pricing Analysis
  6. Tourism vehicle rental Market – By Vehicle Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
      2. Market Attractiveness Index, By Vehicle Type
    2. Passenger Cars
      1. Introduction
      2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Luxury/Premium
    4. Tourist Van
    5. Others
  7. Tourism vehicle rental Market – By Booking Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Booking Type
      2. Market Attractiveness Index, By Booking Type
    2. Online
      1. Introduction
      2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Offline
      1. Introduction
      2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  8. Tourism vehicle rental Market – By End-user

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      2. Market Attractiveness Index, By End-user
    2. Self-driven
      1. Introduction
      2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Rental Agencies
  9. Tourism vehicle rental Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Booking Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Booking Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Booking Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Booking Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Booking Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
  10.  Tourism vehicle rental Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Tourism vehicle rental Market Company Profiles

    1. Avis
      1. Company Overview
      2. Form Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Kemwel
    3. Easycar
    4. Sixt
    5. Enterprise
    6. Carzonrent
    7. Zoomcar
    8. Europe Luxury Car Hire
    9. Auto Europe
    10. Europcar
    11. Hertz
    12. Budget Rent A Car System Inc. (*List Is Not Exhaustive)
  12. Tourism vehicle rental Market – Premium Insights

  13. Tourism vehicle rental Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 1 Global Tourism vehicle rental Market Value, By Vehicle Type, 2018,2022 & 2028 ($ Million)

Table 2 Global Tourism vehicle rental Market Value, By Booking Type, 2018,2022 & 2028 ($ Million)

Table 3 Global Tourism vehicle rental Market Value, By End-user, 2018,2022 & 2028 ($ Million)

Table 4 Global Tourism vehicle rental Market Value, By Region, 2018,2022 & 2028 ($ Million)

Table 5 Global Tourism vehicle rental Market Value, By Vehicle Type, 2017-2028 ($ Million)

Table 6 Global Tourism vehicle rental Market Value, By Booking Type, 2017-2028 ($ Million)

Table 7 Global Tourism vehicle rental Market Value, By End-user, 2017-2028 ($ Million)

Table 8 Global Tourism vehicle rental Market Value, By Region, 2017-2028 ($ Million)

Table 9 North America Tourism vehicle rental Market Value, By Vehicle Type, 2017-2028 ($ Million)

Table 10 North America Tourism vehicle rental Market Value, By Booking Type, 2017-2028 ($ Million)

Table 11 North America Tourism vehicle rental Market Value, By End-user, 2017-2028 ($ Million)

Table 12 North America Tourism vehicle rental Market Value, By Country, 2017-2028 ($ Million)

Table 13 South America Tourism vehicle rental Market Value, By Vehicle Type, 2017-2028 ($ Million)

Table 14 South America Tourism vehicle rental Market Value, By Booking Type, 2017-2028 ($ Million)

Table 15 South America Tourism vehicle rental Market Value, By End-user, 2017-2028 ($ Million)

Table 16 South America Tourism vehicle rental Market Value, By Country, 2017-2028 ($ Million)

Table 17 Europe Tourism vehicle rental Market Value, By Vehicle Type, 2017-2028 ($ Million)

Table 18 Europe Tourism vehicle rental Market Value, By Booking Type, 2017-2028 ($ Million)

Table 19 Europe Tourism vehicle rental Market Value, By End-user, 2017-2028 ($ Million)

Table 20 Europe Tourism vehicle rental Market Value, By Country, 2017-2028 ($ Million)

Table 21 Asia-Pacific Tourism vehicle rental Market Value, By Vehicle Type, 2017-2028 ($ Million)

Table 22 Asia-Pacific Tourism vehicle rental Market Value, By Booking Type, 2017-2028 ($ Million)

Table 23 Asia-Pacific Tourism vehicle rental Market Value, By End-user, 2017-2028 ($ Million)

Table 24 Asia-Pacific Tourism vehicle rental Market Value, By Country, 2017-2028 ($ Million)

Table 25 Middle East & Africa Tourism vehicle rental Market Value, By Vehicle Type, 2017-2028 ($ Million)

Table 26 the Middle East & Africa Tourism vehicle rental Market Value, By Booking Type, 2017-2028 ($ Million)

Table 27 Middle East & Africa Tourism vehicle rental Market Value, By End-user, 2017-2028 ($ Million)

Table 28 Avis: Overview

Table 29 Avis: Product Portfolio

Table 30 Avis: Key Developments

Table 31 Kemwel: Overview

Table 32 Kemwel: Product Portfolio

Table 33 Kemwel: Key Developments

Table 34 Easycar: Overview

Table 35 Easycar: Product Portfolio

Table 36 Easycar: Key Developments

Table 37 Sixt: Overview

Table 38 Sixt: Product Portfolio

Table 39 Sixt: Key Developments

Table 40 Enterprise: Overview

Table 41 Enterprise: Product Portfolio

Table 42 Enterprise: Key Developments

Table 43 Carzonrent: Overview

Table 44 Carzonrent: Product Portfolio

Table 45 Carzonrent: Key Developments

Table 46 Zoomcar: Overview

Table 47 Zoomcar: Product Portfolio

Table 48 Zoomcar: Key Developments

Table 49 Europe Luxury Car Hire: Overview

Table 50 Europe Luxury Car Hire: Product Portfolio

Table 51 Europe Luxury Car Hire: Key Developments

Table 52 Autoeurop: Overview

Table 53 Autoeurop: Product Portfolio

Table 54 Autoeurop: Key Developments

Table 55 Europcar: Overview

Table 56 Europcar: Product Portfolio

Table 57 Europcar: Key Developments

Table 58 Hertz: Overview

Table 59 Hertz: Product Portfolio

Table 60 Hertz: Key Developments

Table 61 Budget Rent A Car System Inc.: Overview

Table 62 Budget Rent A Car System Inc: Product Portfolio

Table 63 Budget Rent A Car System Inc: Key Developments

 

List of Figures

Table 1 Global Tourism vehicle rental Market Share, By Vehicle Type, 2018 & 2028 (%)

Table 2 Global Tourism vehicle rental Market Share, By Booking Type, 2018 & 2028 (%)

Table 3 Global Tourism vehicle rental Market Share, By End-user, 2018 & 2028 (%)

Table 4 Global Tourism vehicle rental Market Share, By Region, 2018 & 2028 (%)

Table 5 Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 6 Global Tourism vehicle rental Market Y-o-Y Growth, By Vehicle Type, 2018-2028 (%)

Table 7 Passenger Cars: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 8 Luxury/Premium: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 9 Tourist Van: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 10 Others: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 11 Global Tourism vehicle rental Market Y-o-Y Growth, By Booking Type, 2018-2028 (%)

Table 12 Online: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 13 Offline: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 14 Global Tourism vehicle rental Market Y-o-Y Growth, By End-user, 2018-2028 (%)

Table 15 Self-driven: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 16 Rental Agencies: Global Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 17 Global Tourism Vehicle Rental Market Y-o-Y Growth, By Region, 2018-2028 (%)

Table 18 North America Tourism Vehicle Rental Market Value, 2017-2028 ($ Million)

Table 19 North America Tourism Vehicle Rental Market Share, By Vehicle Type, 2018 & 2028 (%)

Table 20 North America Tourism vehicle rental Market Share, By Booking Type, 2018 & 2028 (%)

Table 21 North America Tourism vehicle rental Market Share, By End-user, 2018 & 2028 (%)

Table 22 North America Tourism vehicle rental Market Share, By Country, 2018 & 2028 (%)

Table 23 South America Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 24 South America Tourism vehicle rental Market Share, By Vehicle Type, 2018 & 2028 (%)

Table 25 South America Tourism vehicle rental Market Share, By Booking Type, 2018 & 2028 (%)

Table 26 South America Tourism vehicle rental Market Share, By End-user, 2018 & 2028 (%)

Table 27 South America Tourism vehicle rental Market Share, By Country, 2018 & 2028 (%)

Table 28 Europe Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 29 Europe Tourism vehicle rental Market Share, By Vehicle Type, 2018 & 2028 (%)

Table 30 Europe Tourism vehicle rental Market Share, By Booking Type, 2018 & 2028 (%)

Table 31 Europe Tourism vehicle rental Market Share, By End-user, 2018 & 2028 (%)

Table 32 Europe Tourism vehicle rental Market Share, By Country, 2018 & 2028 (%)

Table 33 Asia-Pacific Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 34 Asia-Pacific Tourism vehicle rental Market Share, By Vehicle Type, 2018 & 2028 (%)

Table 35 Asia-Pacific Tourism vehicle rental Market Share, By Booking Type, 2018 & 2028 (%)

Table 36 Asia-Pacific Tourism vehicle rental Market Share, By End-user, 2018 & 2028 (%)

Table 37 Asia-Pacific Tourism vehicle rental Market Share, By Country, 2018 & 2028 (%)

Table 38 Middle East & Africa Tourism vehicle rental Market Value, 2017-2028 ($ Million)

Table 39 Middle East & Africa Tourism vehicle rental Market Share, By Vehicle Type, 2018 & 2028 (%)

Table 40 Middle East & Africa Tourism vehicle rental Market Share, By Booking Type, 2018 & 2028 (%)

Table 41 Middle East & Africa Tourism vehicle rental Market Share, By End-user, 2018 & 2028 (%)

Table 42 Avis: Financials

Table 43 Kemwel: Financials

Table 44 Easycar: Financials

Table 45 Sixt: Financials

Table 46 Enterprise: Financials

Table 47 Carzonrent: Financials

Table 48 Zoomcar: Financials

Table 49 Europe Luxury Car Hire: Financials

Table 50 Autoeurop : Financials

Table 51 Europcar: Financials

Table 52 Hertz: Financials

Table 53 Budget Rent A Car System Inc.: Financials

 

 

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