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Car Rental Market Size, Share and Forecast 2026-2036

The global car rental market is worth USD 110 bn in 2026 and is forecast to reach USD 188 bn by 2036, growing at a 5.5% CAGR. United States is the largest country market and Airport is the largest by channel segment.

USD 110 bnMarket size 2026
USD 188 bnForecast 2036
5.5%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global car rental market is worth USD 110 bn in 2026 and is forecast to reach USD 188 bn by 2036, growing at a 5.5% CAGR. United States is the largest country market and Airport is the largest by channel segment.

ScopeShort-term car rental revenue from leisure, business and replacement rentals, including airport and off-airport locations and app-based rental.
IndustryAutomotive
Value 2025USD 105 bn
Value 2026USD 110 bn
Value 2036USD 188 bn
CAGR 2026-20365.5%
Volume 20262,172 million rental days
Volume 20363,197 million rental days
Average price 2026USD 50.8 per rental day
Report priceStarts from USD 1,999
PublishedNovember 2026

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Car Rental market size and forecast, 2026-2036

Exhibit 1The global car rental market is forecast to grow from USD 110 bn in 2026 to USD 188 bn by 2036, a rise of 71%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.5%
Car Rental market value, 2025 to 2036Market value by year. 2025: USD 105 bn; 2026: USD 110 bn; 2027: USD 116 bn; 2028: USD 123 bn; 2029: USD 129 bn; 2030: USD 137 bn; 2031: USD 144 bn; 2032: USD 152 bn; 2033: USD 160 bn; 2034: USD 169 bn; 2035: USD 179 bn; 2036: USD 188 bn. Compound annual growth rate 2026 to 2036: 5.5%.2025110 bn2026144 bn2031188 bn20365.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 110 bn
2027USD 116 bn
2028USD 123 bn
2029USD 129 bn
2030USD 137 bn
2031USD 144 bn
2032USD 152 bn
2033USD 160 bn
2034USD 169 bn
2035USD 179 bn
2036USD 188 bn

Car Rental market segmentation

By channel

Exhibit 2Airport is the largest segment by channel, with 42.0% of 2026 revenueEstimated share of 2026 global revenue, by channel
Car Rental market share by channel, 2026Share of 2026 revenue by channel. Airport: 42.0%; Off airport: 36.0%; Online and app-based: 22.0%.Airport42.0%Off airport36.0%Online and app-based22.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Airport42.0%37.1%USD 46.3 bn4.2%
Off airport36.0%33.3%USD 39.7 bn4.7%
Online and app-based22.0%29.6%USD 24.3 bn8.7%

By customer

Exhibit 3Leisure adds the most revenue by customer, growing from USD 55.1 bn in 2026 to USD 96.8 bn by 2036Estimated revenue in USD by customer, 2026 and 2036 forecast
Car Rental market by customer, 2026 and 2036Revenue by customer in 2026 and 2036. Leisure: USD 55.1 bn in 2026, USD 96.8 bn in 2036, change +76%; Business: USD 33.1 bn in 2026, USD 52.8 bn in 2036, change +60%; Replacement and insurance: USD 22.1 bn in 2026, USD 38.7 bn in 2036, change +76%.20262036 forecastChangeLeisure+76%55.1 bn96.8 bnBusiness+60%33.1 bn52.8 bnReplacement and insurance+76%22.1 bn38.7 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Leisure50.0%51.4%USD 55.1 bn5.8%
Business30.0%28.0%USD 33.1 bn4.8%
Replacement and insurance20.0%20.6%USD 22.1 bn5.8%

By rental duration

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Daily52.0%46.0%USD 57.3 bn4.2%
Weekly31.0%30.0%USD 34.2 bn5.2%
Monthly and long-term17.0%24.0%USD 18.7 bn9.2%

By vehicle class

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Economy and compact44.0%41.0%USD 48.5 bn4.8%
Mid-size and SUV38.0%38.0%USD 41.9 bn5.5%
Premium and luxury18.0%21.0%USD 19.8 bn7.1%

By booking source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Direct bookings38.0%34.0%USD 41.9 bn4.3%
Travel agents and online platforms41.0%43.0%USD 45.2 bn6.0%
Corporate accounts21.0%23.0%USD 23.2 bn6.5%

Top 25 countries for car rental by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 80.5% of 2026 revenue and the 25 countries below together hold 94.2%.

Exhibit 4United States is the largest country market at USD 46.3 bn in 2026, and the three largest countries hold 56.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Car Rental market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 46.3 bn, 42.0%; China: USD 8.8 bn, 8.0%; Japan: USD 6.6 bn, 6.0%; Germany: USD 5.0 bn, 4.5%; United Kingdom: USD 4.4 bn, 4.0%; France: USD 3.9 bn, 3.5%; Australia: USD 3.9 bn, 3.5%; Italy: USD 3.3 bn, 3.0%; Spain: USD 3.3 bn, 3.0%; Canada: USD 3.3 bn, 3.0%.United States46.3 bn 42.0%China8.8 bn 8.0%Japan6.6 bn 6.0%Germany5.0 bn 4.5%United Kingdom4.4 bn 4.0%France3.9 bn 3.5%Australia3.9 bn 3.5%Italy3.3 bn 3.0%Spain3.3 bn 3.0%Canada3.3 bn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 46.3 bn42.0%USD 73.1 bn4.7%
2ChinaUSD 8.8 bn8.0%USD 20.3 bn8.7%
3JapanUSD 6.6 bn6.0%USD 10.4 bn4.6%
4GermanyUSD 5.0 bn4.5%USD 8.3 bn5.3%
5United KingdomUSD 4.4 bn4.0%USD 7.3 bn5.2%
6FranceUSD 3.9 bn3.5%USD 6.4 bn5.2%
7AustraliaUSD 3.9 bn3.5%USD 6.8 bn5.8%
8ItalyUSD 3.3 bn3.0%USD 5.8 bn5.8%
9SpainUSD 3.3 bn3.0%USD 5.8 bn5.8%
10CanadaUSD 3.3 bn3.0%USD 5.3 bn4.8%
11MexicoUSD 2.6 bn2.4%USD 5.4 bn7.6%
12NetherlandsUSD 2.2 bn2.0%USD 3.6 bn5.1%
13PortugalUSD 1.8 bn1.7%USD 3.0 bn5.0%
14GreeceUSD 1.5 bn1.4%USD 2.5 bn5.0%
15SwitzerlandUSD 1.3 bn1.2%USD 2.1 bn5.0%
16TurkeyUSD 1.1 bn1.0%USD 2.3 bn7.6%
17United Arab EmiratesUSD 915 mn0.8%USD 1.9 bn7.6%
18ThailandUSD 772 mn0.7%USD 1.6 bn7.6%
19BrazilUSD 650 mn0.6%USD 1.4 bn7.6%
20South KoreaUSD 551 mn0.5%USD 904 mn5.1%
21AustriaUSD 463 mn0.4%USD 753 mn5.0%
22IrelandUSD 386 mn0.3%USD 640 mn5.2%
23SwedenUSD 331 mn0.3%USD 527 mn4.8%
24IndiaUSD 276 mn0.2%USD 565 mn7.4%
25New ZealandUSD 232 mn0.2%USD 377 mn5.0%
Rest of worldUSD 6.4 bn5.8%USD 11.3 bn5.9%
Exhibit 5United States and China account for 49% of the USD 78.1 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Car Rental market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 110 bn. United States: +USD 26.8 bn; China: +USD 11.5 bn; Japan: +USD 3.7 bn; Germany: +USD 3.3 bn; United Kingdom: +USD 2.9 bn; 20 other countries: +USD 24.9 bn; Rest of world: +USD 4.9 bn. Market value 2036: USD 188 bn.Market value 2026110 bnUnited States+26.8 bnChina+11.5 bnJapan+3.7 bnGermany+3.3 bnUnited Kingdom+2.9 bn20 other countries+24.9 bnRest of world+4.9 bnMarket value 2036188 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Enterprise Holdings
  • Avis Budget Group
  • Hertz Global
  • Sixt
  • Europcar Mobility Group

Group 2: Regional and specialist players

  • Localiza
  • Nippon Rent-A-Car
  • Toyota Rent a Car
  • eHi Car Services
  • Movida
  • ORIX Auto
  • Times Car Rental
  • Lotte Rental
  • Unidas
  • Drivalia

Group 3: Emerging and niche players

  • Turo
  • Zoomcar
  • Kyte
  • Getaround
  • Revv
  • Drivezy

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the car rental market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.

The market is divided by channel, by customer, by rental duration, by vehicle class, by booking source. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the car rental market?

The global car rental market is estimated at USD 105 bn in 2025 and USD 110 bn in 2026.

How fast will the car rental market grow?

It is forecast to reach USD 188 bn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 78.1 bn.

Which country is the largest market for car rental?

United States is the largest market by revenue at USD 46.3 bn in 2026, 42.0% of the global total. The three largest countries together hold 56.0%.

Which country is growing fastest?

Among the ten largest markets, China is growing fastest at 8.7% a year from 2026 to 2036.

Which car rental segment is largest?

In the by channel split, Airport is the largest segment with 42.0% of 2026 revenue.

Who are the leading car rental companies?

Global leaders include Enterprise Holdings, Avis Budget Group, Hertz Global, Sixt.

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