United States Car Rental Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
United States Car Rental Market is Segmented By Car Type (Economy Car, Compact Car, Intermediate Car, Premium Car, Luxury Car, Sports Utility Vehicle, Others), By Booking Type (Offline Access, Mobile Application, Other Internet Access), By Age (18-29 Years Old, 30-59 Years Old, 60 Years Old and Above). The report offers the value (in USD billion) for the above-mentioned segments.
United States Car Rental Market Size
Market Size in USD
CAGR5.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.5% |
| Market Concentration | High |
| Major Players | The Hertz Corporation, SixtSE, Avis Budget Group Inc., Alamo, National Car Rental |
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United States Car Rental Market Analysis
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.
The car rental market in the United States has been witnessing significant growth over the past few years. The demand for car rentals has increased steadily thanks to the rising travel and tourism industry in the country.