Car Rental And Leasing Market
The market for Car Rental And Leasing was estimated at $121 billion in 2024; it is anticipated to increase to $389 billion by 2030, with projections indicating growth to around $1.02 trillion by 2035.
Global Car Rental And Leasing Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Car Rental And Leasing industry revenue is expected to be around $147.4 billion in 2025 and expected to showcase growth with 21.4% CAGR between 2025 and 2034. The worldwide market trends indicate an increase in industries impacted by Car Rental and Leasing services with a positive compound annual growth rate being observed. The impactful potential of the Car Rental and Leasing sector is noteworthy due to its growth pattern and growing relevance across various sectors. This rising pattern also underscores the adaptable nature of the Car Rental and Leasing market as a key driver, for global financial and economic advancement.
The car rental and leasing industry stands out for its flexibility and convenience in providing a range of services to customers. The sector is witnessing a surge, in demand driven by needs including corporate travel requirements, recreational trips and the popularity of ride hailing services. Advanced technology integration, sustainable vehicle options and customer focused service enhancements are also contributing to the growing appeal of this market segment.
Market Key Insights
- The Car Rental And Leasing market is projected to grow from $121.4 billion in 2024 to $844 billion in 2034. This represents a CAGR of 21.4%, reflecting rising demand across Personal Use, Ride-Sharing Services and B2B Services.
- Enterprise Holdings, Hertz Global Holdings, LeasePlan are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Car Rental And Leasing market and are expected to observe the growth CAGR of 20.5% to 30.0% between 2024 and 2030.
- Emerging markets including India, Nigeria and and Brazil are expected to observe highest growth with CAGR ranging between 16.0% to 22.3%.
- Transition like Transition Towards Digitization is expected to add $25 billion to the Car Rental And Leasing market growth by 2030.
- The Car Rental And Leasing market is set to add $723 billion between 2024 and 2034, with service providers targeting Economy Cars & Intermediate Cars Vehicle Type projected to gain a larger market share.
- With The evolution of ride sharing services, and Advancement in technology, Car Rental And Leasing market to expand 595% between 2024 and 2034.
