US Car Rental Market Trends, Industry Analysis, Growth and Forecast – 2028

 

The US car rental market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing number of leisure and business trips across the country has driven the US car rental market growth. In addition, the ongoing change in consumer preferences in hiring services, and the presence of prominent regional service providers, such as Avis Budget Group and Enterprise Rent-a-Car are further expected to accelerate the market growth. The use of car rental services has increased in several cities of the US fueled by increased efforts by service providers. For instance, Uber Technologies Inc. has adopted mobile technology and other devices to meet customer travel requirements, more effectively.

Additionally, New York State is in the northeastern part of the US and is one of the main tourist attractions. New York is a very competitive car rental market due to the presence of many car rental suppliers. With an area of ​​more than 140,000sq-km, the state provides its travelers with many historic and beautiful tourist destinations, which raises the need for rental services.In addition, New York has more than 25 notable airports, with a population of more than 50 million passengers a year. Airports offer a wide selection of car rental service providers for their passengers. The region is one of the most expensive car rental sites, with a daily average of about $76. It may be the increase in the price of renting a luxury car or renting cars at intersections or during travel. The offices at major airports, car rental is available throughout the region, catering to both domestic and foreign travelers.

Scope of the US Car Rental Report

The research study analyzes the US Car Rental industry from a 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

US Car Rental Market Segmentation:· 

By Boking Type

• Offline Access
• Online Access

By Application

• Leisure/ Tourism
• Business

By Vehicle Type

• Luxury/ Premium Car
• Economy Car

Competitive Landscape-Alamo, Advantage Rent-a-Car, Avis Budget Group Inc., Enterprise Holding Inc., & The Hertz Corporation, among others.

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the US Car Rental market and what is its expected growth rate?
• What are the primary driving factors that push the US Car Rental Market forward?
• What are the US Car Rental Industry’s top companies?
• What are the different categories that the US Car Rental Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the US Car Rental Market sample report and company profiles?