Europe Car Rental Market Overview
According to SPER Market Research, the Europe Car Rental Market is estimated to reach USD 41.63 billion by 2032 with a CAGR of 13.34%.
Due to the expansion of domestic and foreign companies in the market as well as an increase in tourist numbers in European nations, the Europe automobile rental industry experienced growth throughout the review period in terms of fleet size and revenue. Due to an increase in market investments, a decline in service provider pricing, and new business practices used by firms in European nations, the market was found to be in a growth stage. Pricing, operational effectiveness, quality & reliability, and creative market penetration methods are all strongly tied with the profitability of automobile rental businesses.Future car rental market in Europe is expected to be driven by rise in tourist arrivals, economic growth in major European countries, regional expansion of players in terms of fleet size, rise in customer spending, initiatives taken by government bodies across various countries to reduce traffic congestion and carbon footprint, and growth in investments in technology by major players in the market over time.
Impact of COVID-19 on the Europe Car Rental Market
Recent COVID-19 has slowed the expansion of the market. Rental car demand has decreased due to lockdowns and travel restrictions. However, following major COVID-19 pandemic outbreaks in nations like Italy, France, the United Kingdom, Spain, etc., the European car rental business is showing signs of a respectable recovery.The already ailing automotive and vehicle rental industries saw negative growth as a result of the COVID-19 pandemic. In addition, the outbreak has caused lockdowns and closures, which have reduced demand for car rentals. But because automobile rental firms are starting to buy cars again, the market for renting out vehicles is anticipated to develop reasonably during the course of the projected year.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Vehicle Type, By Mode of Booking, By Purpose, By Application |
| Regions covered | France, Germany, Ireland, Italy, Poland, Portugal, Spain, UK, Rest of Europe |
| Companies Covered | ANI Technologies Pvt. Ltd. (Ola Cabs), Avis Budget Group, Inc., AVR Qatar, Inc., Eco Rent a Car, Enterprise Holdings, Inc., Europcar Mobility Group, Hertz Global Holdings, Inc., Localiza, SIXT SE |
Target Audience-
- Automotive OEMs
- Car Rental Companies
- Car Sharing Companies
- Government/ Regulatory Authorities
- Online Aggregators
- Ride Hailing Companies /Cab Aggregators
- Ride Sharing Companies
Europe Car Rental Market Segmentation:
1. By Vehicle Type:
- Economy cars
- Executive cars
- Luxury cars
- MUVs
- SUVs
- Others
2. By Mode of Booking:
3. By Purpose:
4. By Application:
- Airport Transport
- Local usage
- Outstation
- Others
5. By Region:
- France
- Germany
- Ireland
- Italy
- Poland
- Portugal
- Spain
- UK
- Rest of Europe
Key Topics Covered in the Report:
- Size of Europe Car Rental Market (FY’2019-FY’2032)
- Overview of Europe Car Rental Market
- Segmentation of Europe Car Rental By Vehicle Type (Economy cars, Executive cars, Luxury cars, MUVs, SUVs, Others)
- Segmentation of Europe Car Rental Market By Mode of Booking (Offline, Online)
- Segmentation of Europe Car Rental Market By Purpose (Business, Leisure)
- Segmentation of Europe Car Rental Market By Application (Airport Transport, Local usage, Outstation, Others)
- Statistical Snap of Europe Car Rental Market
- Growth Analysis of Europe Car Rental Market
- Problems and Challenges in Europe Car Rental Market
- Competitive Landscape in the Europe Car Rental Market
- Impact of COVID-19 and Demonetization on Europe Car Rental Market
- Details on Recent Investment in Europe Car Rental Market
- Competitive Analysis of Europe Car Rental Market
- Major Players in the Europe Car Rental Market
- SWOT Analysis of Europe Car Rental Market
- Europe Car Rental Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Europe Car Rental Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Europe Car Rental Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Car Rental Market
7. Europe Car Rental Market, By Vehicle Type, 2019-2032 (USD Million)
7.1 Economy cars
7.2 Executive cars
7.3 Luxury cars
7.4 MUVs
7.5 SUVs
7.6 Others
8. Europe Car Rental Market, By Mode of Booking, 2019-2032 (USD Million)
8.1 Offline
8.2 Online
9. Europe Car Rental Market, By Purpose, 2019-2032 (USD Million)
9.1 Business
9.2 Leisure
10. Europe Car Rental Market, By Application, 2019-2032 (USD Million)
10.1 Airport Transport
10.2 Local usage
10.3 Outstation
10.4 Others
11. Europe Car Rental Market, By Region, 2019-2032 (USD Million)
11.1 Europe Car Rental Size and Market Share by Region (2019-2025)
11.2 Europe Car Rental Size and Market Share by Region (2026-2032)
11.3 France
11.4 Germany
11.5 Ireland
11.6 Italy
11.7 Poland
11.8 Portugal
11.9 Spain
11.10 UK
11.11 Rest of Europe
12. Company Profiles
12.1 ANI Technologies Pvt. Ltd. (Ola Cabs)
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Avis Budget Group, Inc.
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 AVR Qatar, Inc.
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Eco Rent a Car
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Enterprise Holdings, Inc.
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Europcar Mobility Group
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Hertz Global Holdings, Inc.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Localiza
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 SIXT SE
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
