Car Rental Industry Statistics
The global car rental market size was valued at USD 9814 billion in 2020 and is expected to expand at a compound annual growth rate CAGR of 46 from 2021 to 2028. The global car rental market is expected to cross the value of US 1211 Bn by the end of 2031. Is There A Convergence Of Car Rental And Car Sharing Models Car Sharing Car Rental Company Convergence Ad Compare Car Rentals from 795 Day. . Get Last Minute Price Drops Save Money. The total represents the largest year-over-year revenue gain in recorded history after a precipitous fall of 274 in 2020 over pre-pandemic 2019 which notched record revenues of 32 billion. Tremendous opportunity for vendors in the US car rental industry is encountered especially in densely populated areas such as Washington DC New York and other key cities. And true to form largely due to the cancellation of international flights upon which the rental car industry is heavily reliant rates drop...