Tourism Vehicle Rental Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2029

9.12%
CAGR (2023-2029)
68.63 USD Bn.
Market Size
302
Report Pages
155
Market Tables

Overview

Tourism Vehicle Rental Market was valued at US$ 68.63 Bn in 2022 and is expected to reach US$ 126.44 Bn by 2029 at a CAGR of 9.12%.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. Tourism Vehicle Rental MarketTo know about the Research Methodology :- Request Free Sample Report

Tourism vehicle rental services are relatively developed in industrialized economies and have been around for a long time. More essentially, the public is comfortable with the concept and as a result of proper procedures and insurance, there is a little risk for the vehicle rental vendor.

The growth of the tourism vehicle rental market is majorly driven by the development of the travel & tourism industry. An increase in investment by global funds and players opting for an aggregator-based business model additionally fueling the market growth. Automobile companies have developed green vehicles to control the increase in pollution levels. Other driving factors of the tourism vehicle rental market are, comfort, and quality of life, freedom of moment, affordability, and low cost of traveling. However, a negative impact of volatile prices of gasoline and petroleum products on economic conditions restraining the tourism vehicle rental market growth.

The luxury vehicles segment will grow at the fastest pace during the forecast period owing to increased travel budgets of tourists around the world. Also, tourists from developed nations and emerging markets who are progressively more exploring new destinations prefer to rent luxury and high-end cars and this will boost the market for these cars. In the U.S. alone more vehicles are engaged in the tourism vehicle rental market.

Region-wise, Asia Pacific is one of the fastest-growing regional markets for tourism vehicle rental within the forecast period due to the growing population coupled with transportation issues in the region. Tourism vehicle rental service is very useful in Asian countries like India, Australia, Cambodia, Japan, China, etc. There are many islands in the Indonesian region that are the best attractive tourist destination. This helps to grow the tourism vehicle rental market in the Asia Pacific.

Global tourism vehicle rental market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.

The key market players operating in the global tourism vehicle rental market, Autoeurope, Avis, Budget, Carzonrent, Easycar, Enterprise, Europcar, Europe Luxury Car Hire, Hertz, Kemwel, Sixt, Zoomcar.

Tourism Vehicle Rental Market Scope: Inquire before buying

Tourism Vehicle Rental Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 68.63 Bn.
Forecast Period 2022 to 2029 CAGR: 9.12% Market Size in 2029: US $ 126.44Bn.
Segments Covered: by Vehicle type Mid-Size
Luxury vehicle
Others
by Booking Mode Offline
Online
by End-user Self-driven
Rental agencies

Tourism Vehicle Rental Market by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Tourism Vehicle Rental Market Key Players:

1. Autoeurope
2. Avis
3. Budget
4. Carzonrent
5. Easycar
6. Enterprise
7. Localiza
8. ANI Technologies Pvt. Ltd.,
9. Eco Rent a Car,
10.Europcar
11.Europe Luxury Car Hire
12.Hertz
13.Kemwel
14.Sixt
15.Zoomcar

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 9.12% during forecasting period 2023-2029.

3. What is scope of the Global market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global Market are – Autoeurope, Avis, Budget, Carzonrent, Easycar, Enterprise, Localiza, ANI Technologies Pvt. Ltd.,, Eco Rent a Car,, Europcar, Europe Luxury Car Hire, Hertz, Kemwel, Sixt, and Zoomcar

5. What is the study period of this market?
Ans: The Global Market is studied from 2022 to 2029.

Table of Contents

Tourism Vehicle Rental Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 3. Executive Summary 3.1. Tourism Vehicle Rental Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Challenges 4.2.4. Emerging Technology 4.2.5. Opportunities 4.3. Market Analysis 4.3.1. Porter’s Analysis 4.3.2. Value Chain Analysis 4.3.3. Pricing Analysis 4.3.4. Market Risk analysis 5. Tourism Vehicle Rental Market Analysis and Forecast 5.1. Tourism Vehicle Rental Market Analysis and Forecast 5.2. Tourism Vehicle Rental Market Size& Y-o-Y Growth Analysis 5.2.1. North America 5.2.2. Europe 5.2.3. Asia Pacific 5.2.4. Middle East & Africa 5.2.5. South America 6. Tourism Vehicle Rental Market Analysis and Forecast, by Vehicle type 6.1. Introduction and Definition 6.2. Key Findings 6.3. Tourism Vehicle Rental Market Value Share Analysis, by Vehicle type 6.4. Market Size (US$ Bn) Forecast, by Vehicle type 6.5. Tourism Vehicle Rental Market Analysis, by Vehicle type 6.6. Tourism Vehicle Rental Market Attractiveness Analysis, by Vehicle type 7. Tourism Vehicle Rental Market Analysis and Forecast, by Booking mode 7.1. Introduction and Definition 7.2. Tourism Vehicle Rental Market Value Share Analysis, by Booking mode 7.3. Market Size (US$ Bn) Forecast, by Booking mode 7.4. Tourism Vehicle Rental Market Analysis, by Booking mode 7.5. Tourism Vehicle Rental Market Attractiveness Analysis, by Booking mode 8. Tourism Vehicle Rental Market Analysis and Forecast, by End user 8.1. Introduction and Definition 8.2. Tourism Vehicle Rental Market Value Share Analysis, by End user 8.3. Market Size (US$ Bn) Forecast, by End user 8.4. Tourism Vehicle Rental Market Analysis, by End user 8.5. Tourism Vehicle Rental Market Attractiveness Analysis, by End user 9. Tourism Vehicle Rental Market Analysis, by Region 9.1. Tourism Vehicle Rental Market Value Share Analysis, by Region 9.2. Market Size (US$ Bn) Forecast, by Region 9.3. Tourism Vehicle Rental Market Attractiveness Analysis, by Region 10. North America Tourism Vehicle Rental Market Analysis 10.1. Key Findings 10.2. North America Tourism Vehicle Rental Market Overview 10.3. North America Tourism Vehicle Rental Market Value Share Analysis, by Vehicle type 10.4. North America Tourism Vehicle Rental Market Forecast, by Vehicle type 10.4.1. Mid-size 10.4.2. Luxury 10.4.3. Others 10.5. North America Tourism Vehicle Rental Market Value Share Analysis, by Booking mode 10.6. North America Tourism Vehicle Rental Market Forecast, by Booking mode 10.6.1. Offline 10.6.2. Online 10.7. North America Tourism Vehicle Rental Market Value Share Analysis, by End user 10.8. North America Tourism Vehicle Rental Market Forecast, by End user 10.8.1. Self-driven 10.8.2. Rental agencies 10.9. North America Tourism Vehicle Rental Market Value Share Analysis, by Country 10.10. North America Tourism Vehicle Rental Market Forecast, by Country 10.10.1. U.S 10.10.2. Canada 10.11. North America Tourism Vehicle Rental Market Analysis, by Country 10.12. U.S. Tourism Vehicle Rental Market Forecast, by Vehicle type 10.12.1. Mid-size 10.12.2. Luxury 10.12.3. Others 10.13. U.S. Tourism Vehicle Rental Market Forecast, by Booking mode 10.13.1. Offline 10.13.2. Online 10.14. U.S. Tourism Vehicle Rental Market Forecast, by End user 10.14.1. Self-driven 10.14.2. Rental agencies 10.15. Canada Tourism Vehicle Rental Market Forecast, by Vehicle type 10.15.1. Mid-size 10.15.2. Luxury 10.15.3. Others 10.16. Canada Tourism Vehicle Rental Market Forecast, by Booking mode 10.16.1. Offline 10.16.2. Online 10.17. Canada Tourism Vehicle Rental Market Forecast, by End user 10.17.1. Self-driven 10.17.2. Rental agencies 10.18. North America Tourism Vehicle Rental Market Attractiveness Analysis 10.18.1. By Vehicle type 10.18.2. By Booking Mode 10.18.3. By End user 10.19. PEST Analysis 10.20. Key Trends 10.21. Key Developments 11. Europe Tourism Vehicle Rental Market Analysis 11.1. Key Findings 11.2. Europe Tourism Vehicle Rental Market Overview 11.3. Europe Tourism Vehicle Rental Market Value Share Analysis, by Vehicle type 11.4. Europe Tourism Vehicle Rental Market Forecast, by Vehicle type 11.4.1. Mid-size 11.4.2. Luxury 11.4.3. Others 11.5. Europe Tourism Vehicle Rental Market Value Share Analysis, by Booking mode 11.6. Europe Tourism Vehicle Rental Market Forecast, by Booking mode 11.6.1. Offline 11.6.2. Online 11.7. Europe Tourism Vehicle Rental Market Value Share Analysis, by End user 11.8. Europe Tourism Vehicle Rental Market Forecast, by End user 11.8.1. Self-driven 11.8.2. Rental agencies 11.9. Europe Tourism Vehicle Rental Market Value Share Analysis, by Country 11.10. Europe Tourism Vehicle Rental Market Forecast, by Country 11.10.1. Germany 11.10.2. U.K. 11.10.3. France 11.10.4. Italy 11.10.5. Spain 11.10.6. Rest of Europe 11.11. Europe Tourism Vehicle Rental Market Analysis, by Country/ Sub-region 11.12. Germany Tourism Vehicle Rental Market Forecast, by Vehicle type 11.12.1. Mid-size 11.12.2. Luxury 11.12.3. Others 11.13. Germany Tourism Vehicle Rental Market Forecast, by Booking mode 11.13.1. Offline 11.13.2. Online 11.14. Germany Tourism Vehicle Rental Market Forecast, by End user 11.14.1. Self-driven 11.14.2. Rental agencies 11.15. U.K. Tourism Vehicle Rental Market Forecast, by Vehicle type 11.15.1. Mid-size 11.15.2. Luxury 11.15.3. Others 11.16. U.K. Tourism Vehicle Rental Market Forecast, by Booking mode 11.16.1. Offline 11.16.2. Online 11.17. U.K. Tourism Vehicle Rental Market Forecast, by End user 11.17.1. Self-driven 11.17.2. Rental agencies 11.18. France Tourism Vehicle Rental Market Forecast, by Vehicle type 11.18.1. Mid-size 11.18.2. Luxury 11.18.3. Others 11.19. France Tourism Vehicle Rental Market Forecast, by Booking mode 11.19.1. Offline 11.19.2. Online 11.20. France Tourism Vehicle Rental Market Forecast, by End user 11.20.1. Self-driven 11.20.2. Rental agencies 11.21. Italy Tourism Vehicle Rental Market Forecast, by Vehicle type 11.21.1. Mid-size 11.21.2. Luxury 11.21.3. Others 11.22. Italy Tourism Vehicle Rental Market Forecast, by Booking mode 11.22.1. Offline 11.22.2. Online 11.23. Italy Tourism Vehicle Rental Market Forecast, by End user 11.23.1. Self-driven 11.23.2. Rental agencies 11.24. Spain Tourism Vehicle Rental Market Forecast, by Vehicle type 11.24.1. Mid-size 11.24.2. Luxury 11.24.3. Others 11.25. Spain Tourism Vehicle Rental Market Forecast, by Booking mode 11.25.1. Offline 11.25.2. Online 11.26. Spain Tourism Vehicle Rental Market Forecast, by End user 11.26.1. Self-driven 11.26.2. Rental agencies 11.27. Rest of Europe Tourism Vehicle Rental Market Forecast, by Vehicle type 11.27.1. Mid-size 11.27.2. Luxury 11.27.3. Others 11.28. Rest of Europe Tourism Vehicle Rental Market Forecast, by Booking mode 11.28.1. Offline 11.28.2. Online 11.29. Rest of Europe Tourism Vehicle Rental Market Forecast, by End user 11.29.1. Self-driven 11.29.2. Rental agencies 11.30. Europe Tourism Vehicle Rental Market Attractiveness Analysis 11.30.1. By Vehicle type 11.30.2. By Booking Mode 11.30.3. By End user 11.31. PEST Analysis 11.32. Key Trends 11.33. Key Developments 12. Asia Pacific Tourism Vehicle Rental Market Analysis 12.1. Key Findings 12.2. Asia Pacific Tourism Vehicle Rental Market Overview 12.3. Asia Pacific Tourism Vehicle Rental Market Value Share Analysis, by Vehicle type 12.4. Asia Pacific Tourism Vehicle Rental Market Forecast, by Vehicle type 12.4.1. Mid-size 12.4.2. Luxury 12.4.3. Others 12.5. Asia Pacific Tourism Vehicle Rental Market Value Share Analysis, by Booking mode 12.6. Asia Pacific Tourism Vehicle Rental Market Forecast, by Booking mode 12.6.1. Offline 12.6.2. Online 12.7. Asia Pacific Tourism Vehicle Rental Market Value Share Analysis, by End user 12.8. Asia Pacific Tourism Vehicle Rental Market Forecast, by End user 12.8.1. Self-driven 12.8.2. Rental agencies 12.9. Asia Pacific Tourism Vehicle Rental Market Value Share Analysis, by Country 12.10. Asia Pacific Tourism Vehicle Rental Market Forecast, by Country 12.10.1. China 12.10.2. India 12.10.3. Japan 12.10.4. ASEAN 12.10.5. Rest of Asia Pacific 12.11. Asia Pacific Tourism Vehicle Rental Market Analysis, by Country/ Sub-region 12.12. China Tourism Vehicle Rental Market Forecast, by Vehicle type 12.12.1. Mid-size 12.12.2. Luxury 12.12.3. Others 12.13. China Tourism Vehicle Rental Market Forecast, by Booking mode 12.13.1. Offline 12.13.2. Online 12.14. China Tourism Vehicle Rental Market Forecast, by End user 12.14.1. Self-driven 12.14.2. Rental agencies 12.15. India Tourism Vehicle Rental Market Forecast, by Vehicle type 12.15.1. Mid-size 12.15.2. Luxury 12.15.3. Others 12.16. India Tourism Vehicle Rental Market Forecast, by Booking mode 12.16.1. Offline 12.16.2. Online 12.17. India Tourism Vehicle Rental Market Forecast, by End user 12.17.1. Self-driven 12.17.2. Rental agencies 12.18. Japan Tourism Vehicle Rental Market Forecast, by Vehicle type 12.18.1. Mid-size 12.18.2. Luxury 12.18.3. Others 12.19. Japan Tourism Vehicle Rental Market Forecast, by Booking mode 12.19.1. Offline 12.19.2. Online 12.20. Japan Tourism Vehicle Rental Market Forecast, by End user 12.20.1. Self-driven 12.20.2. Rental agencies 12.21. ASEAN Tourism Vehicle Rental Market Forecast, by Vehicle type 12.21.1. Mid-size 12.21.2. Luxury 12.21.3. Others 12.22. ASEAN Tourism Vehicle Rental Market Forecast, by Booking mode 12.22.1. Offline 12.22.2. Online 12.23. ASEAN Tourism Vehicle Rental Market Forecast, by End user 12.23.1. Self-driven 12.23.2. Rental agencies 12.24. Rest of Asia Pacific Tourism Vehicle Rental Market Forecast, by Vehicle type 12.24.1. Mid-size 12.24.2. Luxury 12.24.3. Others 12.25. Rest of Asia Pacific Tourism Vehicle Rental Market Forecast, by Booking mode 12.25.1. Offline 12.25.2. Online 12.26. Rest of Asia Pacific Tourism Vehicle Rental Market Forecast, by End user 12.26.1. Self-driven 12.26.2. Rental agencies 12.27. Asia Pacific Tourism Vehicle Rental Market Attractiveness Analysis 12.27.1. By Vehicle type 12.27.2. By Booking Mode 12.27.3. By End user 12.28. PEST Analysis 12.29. Key Trends 12.30. Key Developments 13. Middle East & Africa Tourism Vehicle Rental Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Tourism Vehicle Rental Market Overview 13.3. Middle East & Africa Tourism Vehicle Rental Market Value Share Analysis, by Vehicle type 13.4. Middle East & Africa Tourism Vehicle Rental Market Forecast, by Vehicle type 13.4.1. Mid-size 13.4.2. Luxury 13.4.3. Others 13.5. Middle East & Africa Tourism Vehicle Rental Market Value Share Analysis, by Booking mode 13.6. Middle East & Africa Tourism Vehicle Rental Market Forecast, by Booking mode 13.6.1. Offline 13.6.2. Online 13.7. Middle East & Africa Tourism Vehicle Rental Market Value Share Analysis, by End user 13.8. Middle East & Africa Tourism Vehicle Rental Market Forecast, by End user 13.8.1. Self-driven 13.8.2. Rental agencies 13.9. Middle East & Africa Tourism Vehicle Rental Market Value Share Analysis, by Country 13.10. Middle East & Africa Tourism Vehicle Rental Market Forecast, by Country 13.10.1. GCC 13.10.2. South Africa 13.10.3. Rest of Middle East & Africa 13.11. Middle East & Africa Tourism Vehicle Rental Market Analysis, by Country/ Sub-region 13.12. GCC Tourism Vehicle Rental Market Forecast, by Vehicle type 13.12.1. Mid-size 13.12.2. Luxury 13.12.3. Others 13.13. GCC Tourism Vehicle Rental Market Forecast, by Booking mode 13.13.1. Offline 13.13.2. Online 13.14. GCC Tourism Vehicle Rental Market Forecast, by End user 13.14.1. Self-driven 13.14.2. Rental agencies 13.15. South Africa Tourism Vehicle Rental Market Forecast, by Vehicle type 13.15.1. Mid-size 13.15.2. Luxury 13.15.3. Others 13.16. South Africa Tourism Vehicle Rental Market Forecast, by Booking mode 13.16.1. Offline 13.16.2. Online 13.17. South Africa Tourism Vehicle Rental Market Forecast, by End user 13.17.1. Self-driven 13.17.2. Rental agencies 13.18. Rest of Middle East & Africa Tourism Vehicle Rental Market Forecast, by Vehicle type 13.18.1. Mid-size 13.18.2. Luxury 13.18.3. Others 13.19. Rest of Middle East & Africa Tourism Vehicle Rental Market Forecast, by Booking mode 13.19.1. Offline 13.19.2. Online 13.20. Rest of Middle East & Africa Tourism Vehicle Rental Market Forecast, by End user 13.20.1. Self-driven 13.20.2. Rental agencies 13.21. Middle East & Africa Tourism Vehicle Rental Market Attractiveness Analysis 13.21.1. By Vehicle type 13.21.2. By Booking Mode 13.21.3. By End user 13.22. PEST Analysis 13.23. Key Trends 13.24. Key Developments 14. South America Tourism Vehicle Rental Market Analysis 14.1. Key Findings 14.2. South America Tourism Vehicle Rental Market Overview 14.3. South America Tourism Vehicle Rental Market Value Share Analysis, by Vehicle type 14.4. South America Tourism Vehicle Rental Market Forecast, by Vehicle type 14.4.1. Mid-size 14.4.2. Luxury 14.4.3. Others 14.5. South America Tourism Vehicle Rental Market Value Share Analysis, by Booking mode 14.6. South America Tourism Vehicle Rental Market Forecast, by Booking mode 14.6.1. Offline 14.6.2. Online 14.7. South America Tourism Vehicle Rental Market Value Share Analysis, by End user 14.8. South America Tourism Vehicle Rental Market Forecast, by End user 14.8.1. Self-driven 14.8.2. Rental agencies 14.9. South America Tourism Vehicle Rental Market Value Share Analysis, by Country 14.10. South America Tourism Vehicle Rental Market Forecast, by Country 14.10.1. Brazil 14.10.2. Mexico 14.10.3. Rest of South America 14.11. South America Tourism Vehicle Rental Market Analysis, by Country/ Sub-region 14.12. Brazil Tourism Vehicle Rental Market Forecast, by Vehicle type 14.12.1. Mid-size 14.12.2. Luxury 14.12.3. Others 14.13. Brazil Tourism Vehicle Rental Market Forecast, by Booking mode 14.13.1. Offline 14.13.2. Online 14.14. Brazil Tourism Vehicle Rental Market Forecast, by End user 14.14.1. Self-driven 14.14.2. Rental agencies 14.15. Mexico Tourism Vehicle Rental Market Forecast, by Vehicle type 14.15.1. Mid-size 14.15.2. Luxury 14.15.3. Others 14.16. Mexico Tourism Vehicle Rental Market Forecast, by Booking mode 14.16.1. Offline 14.16.2. Online 14.17. Mexico Tourism Vehicle Rental Market Forecast, by End user 14.17.1. Self-driven 14.17.2. Rental agencies 14.18. Research centres Rest of South America Tourism Vehicle Rental Market Forecast, by Vehicle type 14.18.1. Mid-size 14.18.2. Luxury 14.18.3. Others 14.19. Rest of South America Tourism Vehicle Rental Market Forecast, by Booking mode 14.19.1. Offline 14.19.2. Online 14.20. Rest of South America Tourism Vehicle Rental Market Forecast, by End user 14.20.1. Self-driven 14.20.2. Rental agencies 14.21. South America Tourism Vehicle Rental Market Attractiveness Analysis 14.21.1. By Vehicle type 14.21.2. By Booking Mode 14.21.3. By End user 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. Competitive Landscape 15.1. Market Share Analysis, by Key Players 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. Market Consolidation 15.2.2.1. M&A by regions, investment, applications 15.2.2.2. M&A Key Players, forward integration, backward integration 15.3. Company Profiles: Key Player 15.3.1. Autoeurope 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Business Strategy 15.3.1.4. Recent Developments 15.3.1.5. Manufacturing Footprint 15.3.2. Avis 15.3.3. Budget 15.3.4. Carzonrent 15.3.5. Easycar 15.3.6. Enterprise 15.3.7. Europcar 15.3.8. Europe Luxury Car Hire 15.3.9. Hertz 15.3.10. Kemwel 15.3.11. Sixt 15.3.12. Zoomcar 16. Primary Key Insights

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