The Market value of Car Rental segment of travelers on Business trips from Non-Airport location in United States of America, attained a value of USD 1,471.46 Million in 2020
The indicator recorded a historical decline (CAGR) of 5.18% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Car Rental in the United States
The United States car rental market shrank in 2020 and reached a significant value in terms of millions.
The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is made up of car rentals for business, leisure purposes and Insurance replacement.
The various travel restrictions and lockdowns implemented across the world in the wake of COVID-19 have had a serious impact on the car rental market, due to the significant drop in the number of travelers and, more particularly, the decrease in air passenger traffic. Low tourist demand means many cars are being parked.
Category segmentation
Leisure is the largest segment of the car rental market in the United States, accounting for the largest share of the market's total value.
The Business segment accounts for the second-largest share of the market.
Geography segmentation
The United States accounts for the largest share of the global car rental market value.
Europe accounts for the second-largest share of the global market.
Market distribution
Airport forms the leading distribution channel in the United States car rental market, accounting for the largest share of the total market's value.
Non-airport accounts for the second-largest share of the market.
Who are the leading players?
Enterprise's service portfolio includes car rental, car-sharing, vanpooling, car sales, truck rental, online ride-matching and fleet management services.
Hertz is a provider of the car rental and leasing services. It offers car and equipment rental services at the airport and off-airport locations. The company provides car rental services under different programs, including the Prestige Collection, Hertz Gold Choice, Green Traveler Collection, Adrenaline Collection and Dream Cars Collection.
Avis is a provider of car and truck rental and car-sharing services. It offers car rental services to the premium, commercial, and leisure segments of the travel industry.
Booking Holdings is a provider of online travel and related services. It offers accommodation reservation services, rental car reservation services, price comparison, restaurant reservations, airline ticket booking services, vacation packages and cruise booking services, and travel reservation services.
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer