Global Self-Drive Car Rentals Market Size, Share, and Trends Analysis Report, By Car Type (Hatchback, Sedan, SUV, and Others) and By Application (Local Usage, Travel & Tourism, Airport Transport, and Others), Forecast (2022-2028)

The global self-drive car rentals market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2022-2028). Self-drive car rentals are the services that allow an individual to rent a car to drive and use it for several purposes including local usage, travel and exploration to different places, among others. The major factor attributing to the growth of the global self-drive car rentals market includes the growing air travel across the globe. According to the Internation Civil Aviation Organization (ICAO), the total number of passengers traveling through air transport was around 4.5 billion in 2019 accounting for an increase in growth of around 3.6% from the previous year. Furthermore, according to the Internation Air Transport Association (IATA), the number of air travelers is expected to reach 7.2 billion by 2027. These travelers use self-drive car rental services for accommodating themselves from the airports to their desired destination and vice versa. Thus, increasing the demand for self-drive car rental services.

 

The use of self-drive car rental services is also increasing due to several benefits provided by self-drive car rentals. The benefits include safety, hygiene, cost-effectiveness, flexibility & freedom, privacy & no hassle for the driver, and convenience. Thus, contributing to the growth of the global self-drive car rentals market.

 

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-

 

• In February 2021, Theeb Rent a Car expanded its car rental fleet. Theeb Rent a Car is a Saudi Arabia’s car rental firm that did that expansion with the strategy to modernize and develop its car fleet to offer different car brands and models to the customers.
• In April 2021, GoAir, an ultra-low-cost airline firm in collaboration with Eco Europcar, a self-drive car rental firm launched car rental services in around 100 cities in India including 25 Airports. GoAir aims to provide chauffeur-driven and self-drive car rental service for mid to luxury car segments using Eco Europcar.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Car Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Hertz Global Holdings Inc., Enterprise Holding Inc., Avis Budget Group Inc., Zoomcar India Pvt. Ltd., and Europcar, among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Self-Drive Car Rentals  Market Report by Segment

By Car Type

• Hatchback
• Sedan
• SUV
• Others

By Application

• Local Usage
• Travel & Tourism
• Airport Transport
• Others

 

Global Self-Drive Car Rentals  Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa