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Learn moreSep 2017
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The competitive landscape for car rental in the US is highly consolidated; three players – Enterprise Holdings, Hertz Corp and Avis Budget Group, each of which owns multiple brands – accounted for 94% of the car rental sales in the US in 2017. In addition to the major companies in this category, smaller independent operators operate regionally throughout the US and generate significantly less revenue than any of the leading players.
Both leisure and business car rentals are expected to grow over the 2017-2022 forecast period; increasing at a CAGR of 3% at constant 2017 prices, the former will outpace the latter to reach USD13.1 billion in value sales. Business car rentals will register a constant value CAGR of 2% through 2022 and see value sales total USD10.3 billion by that year. Due to the short-term length and lack of long-distance travel of many business trips, business car rentals are expected to face strong competition from ride-sharing operators, whose options are more flexible and affordable. Usually involving longer distances travelled and trip length, leisure car rentals will be less threatened by ride sharing.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in USA with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.