Global SelfDrive Car Rental Market Overview
A self-drive car rental is a process in which an individual rents car for a specific period of time. The individual renting the car has to drive it on his own. There are several branches that allow a user to return the car to a different location as well, be it airports or busy city areas. Online reservations are also available for car rental process.
Government restrictions regarding private car ownerships is the major driving factor for the target market growth. In addition, increased adoption as well as utilization of internet and smartphones has propelled the target market growth as online reservations are available. For instance, according to a data published by Internet Society in 2014, internet host numbers have surge, from just 1.3 million in January 1993 to 1.01 billion in January 2014. Private vehicles have increased is resulting into environmental pollution and traffic congestion which has compelled individuals to rent vehicles coupled with cars. In China, a policy imposes a direct restriction on the number of registered private car ownership which has controlled the proliferation of car ownership. It has also upsurge the target market growth. However, rise in on-demand taxi operators owing to the demand from the people who don’t know to drive is anticipated to hamper the target market growth over the forecast period.
The global self-drive car rental market is segmented based on type, application, by region. On the basis of type, the global self-drive car rental market is classified into Hatchback, Sedan, and SUV. Based on application, the global market is bifurcated into business and leisure. On the basis of region, the global self-drive car rental market is categorized into North America, Europe, Asian Pacific, Latin America, and Middle East & Africa.
North America market is anticipated to dominates the global market in terms of revenue over the forecast period owing to the high demand for self-drive rental cars. Whereas, Asia-Pacific is expected to show a prominent growth over the forecast period owing to the restrictions regarding private car ownerships.
The key players operating the global Self-Drive Car Rental market involves Hertz Global Holdings, Avis Budget Group, Zoomcar, Car Club, Localiza Myles, China Auto Rental Inc, eHi Car Services, Uber Technologies Inc, and Eco Rent a Car. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.
Detailed Segmentation:
Global Self-Drive Car Rental Market, By Type:
- Hatchback
- Sedan
- SUV
Global Self-Drive Car Rental Market, By Application:
- Business
- Leisure
Global Self-Drive Car Rental Market, By Region:
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- North America
- North America Self-Drive Car Rental Market, By Type
- North America Self-Drive Car Rental Market, By Application
- North America Self-Drive Car Rental Market, By Country
- U.S.
- Canada
- Europe
- Europe Self-Drive Car Rental Market, By Type
- Europe Self-Drive Car Rental Market, By Application
- Europe Self-Drive Car Rental Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Self-Drive Car Rental Market, By Type
- Asia Pacific Self-Drive Car Rental Market, By Application
- Asia Pacific Self-Drive Car Rental Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Self-Drive Car Rental Market, By Type
- Latin America Self-Drive Car Rental Market, By Application
- Latin America Self-Drive Car Rental Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Self-Drive Car Rental Market, By Type
- Middle East & Africa Self-Drive Car Rental Market, By Application
- Middle East & Africa Self-Drive Car Rental Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Company Profile:
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- Hertz Global Holdings*
- Company Overview
- Hertz Global Holdings*
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- Type Portfolio
- Key Highlights
- Financial Performance
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- Avis Budget Group
- Zoomcar
- Car Club
- Localiza Myles
- China Auto Rental Inc.
- eHi Car Services
- Uber Technologies Inc
- Eco Rent A Car
“*” marked represents similar segmentation in other categories in the respective section
Global SelfDrive Car Rental Market Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Self-Drive Car Rental Market, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Hatchback
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Sedan
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- SUV
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Self-Drive Car Rental Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Business
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Leisure
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Self-Drive Car Rental Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Hertz Global Holdings
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Avis Budget Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Zoomcar
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Car Club
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Localiza Myles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- China Auto Rental Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- eHi Car Services
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Uber Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Eco Rent a Car
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hertz Global Holdings
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- Section
- Research Methodology
- About Us
- Contact
FAQs
The Self-Drive Car Rental Market is segmented into Type, Application and Region.
Growing preference for flexible transportation, technological advancements in car rental platforms, increased urbanization, and the rise of the sharing economy.
Regulatory challenges, concerns about vehicle maintenance and insurance, limited availability of electric and hybrid options, and potential competition from traditional car rental services.
North America, Europe, Asia-Pacific, Latin America. The dominant region can depend on factors like urbanization trends, consumer preferences, and regulatory support for car-sharing services.
The key players operating the target market includes Hertz Global Holdings, Avis Budget Group, Zoomcar, Car Club, Localiza Myles, China Auto Rental Inc, eHi Car Services, Uber Technologies Inc, and Eco Rent a Car.