Revenue in the Car Rentals segment is projected to reach US$29.20bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2.16%, resulting in a projected market volume of US$31.80bn by 2027.
In the Car Rentals segment, the number of users is expected to amount to 51.0m users by 2027.
User penetration is 13.9% in 2023 and is expected to hit 14.8% by 2027.
The average revenue per user (ARPU) is expected to amount to US$0.62k.
In the Car Rentals segment, 83% of total revenue will be generated through online sales by 2027.
In global comparison, most revenue will be generated in the United States (US$29,200.00m in 2023).
The Car Rentals segment contains vehicle rentals that have been booked in person, by telephone via the internet or an app. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. Users represent people who booked travels, independent of the number of travelers. This segment takes into account time-based rental deals with upfront fixed costs from professional car rental services such as SIXT, Hertz, and Budget.
The following are not included: carpools, chauffeur services, taxis, or car-sharing offers with usage-based or quote-based pricing models.
Vehicle rentals for private use
Services such as SIXT, Hertz, and Budget
All online and offline conducted car rental hires are included in this segment regardless of the sales channel
Carpools, chauffeur services, taxis, or car-sharing offers with usage-based or quote-based pricing models