United States Car Rental Market is driven by growing tourism and business travel
The United States car rental market provides rental vehicle services to various customers for both leisure and business purposes. Car rental services allow travelers to explore self-driven journeys and business travelers to commute around cities without ownership responsibilities. Key players operating rental services across major airports and city locations include Enterprise Rent-A-Car, Hertz, Avis Budget Group, Europcar, and SIXT. Customers avail rental services ranging from economy cars to luxury vehicles based on trip requirements. Car rental provides hassle-free mobility and doorstep vehicle delivery with on-trip services like 24/7 roadside assistance and insurance.
The United States Car Rental Market is estimated to be valued at USD 35.26 Bn in 2024 and is expected to reach USD 51.12 Bn by 2031, growing at a CAGR of 5.5% from 2024 to 2031.
Key players operating in the United States car rental are Enterprise Rent-A-Car, Hertz, Avis Budget Group, Europcar, and SIXT. These major players operate a widespread network of rental locations across major airports and cities. Enterprise Rent-A-Car holds the leading market share in the country.
The market is witnessing United States Car Rental Market growing demand from the tourism and business travel segments. Increased leisure travel for vacations and weekend getaways is driving the consumption of rental vehicles in the United States. Further, recovery in business travel post pandemic is also supporting the car rental market growth.
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