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.
| Scope | Short-term car rental revenue from leisure, business and replacement rentals, including airport and off-airport locations and app-based rental. |
|---|---|
| Industry | Automotive |
| Value 2025 | USD 105 bn |
| Value 2026 | USD 110 bn |
| Value 2036 | USD 188 bn |
| CAGR 2026-2036 | 5.5% |
| Volume 2026 | 2,172 million rental days |
| Volume 2036 | 3,197 million rental days |
| Average price 2026 | USD 50.8 per rental day |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Car Rental market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Car Rental market segmentation
By channel
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Airport | 42.0% | 37.1% | USD 46.3 bn | 4.2% |
| Off airport | 36.0% | 33.3% | USD 39.7 bn | 4.7% |
| Online and app-based | 22.0% | 29.6% | USD 24.3 bn | 8.7% |
By customer
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Leisure | 50.0% | 51.4% | USD 55.1 bn | 5.8% |
| Business | 30.0% | 28.0% | USD 33.1 bn | 4.8% |
| Replacement and insurance | 20.0% | 20.6% | USD 22.1 bn | 5.8% |
By rental duration
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Daily | 52.0% | 46.0% | USD 57.3 bn | 4.2% |
| Weekly | 31.0% | 30.0% | USD 34.2 bn | 5.2% |
| Monthly and long-term | 17.0% | 24.0% | USD 18.7 bn | 9.2% |
By vehicle class
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Economy and compact | 44.0% | 41.0% | USD 48.5 bn | 4.8% |
| Mid-size and SUV | 38.0% | 38.0% | USD 41.9 bn | 5.5% |
| Premium and luxury | 18.0% | 21.0% | USD 19.8 bn | 7.1% |
By booking source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Direct bookings | 38.0% | 34.0% | USD 41.9 bn | 4.3% |
| Travel agents and online platforms | 41.0% | 43.0% | USD 45.2 bn | 6.0% |
| Corporate accounts | 21.0% | 23.0% | USD 23.2 bn | 6.5% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 46.3 bn | 42.0% | USD 73.1 bn | 4.7% |
| 2 | China | USD 8.8 bn | 8.0% | USD 20.3 bn | 8.7% |
| 3 | Japan | USD 6.6 bn | 6.0% | USD 10.4 bn | 4.6% |
| 4 | Germany | USD 5.0 bn | 4.5% | USD 8.3 bn | 5.3% |
| 5 | United Kingdom | USD 4.4 bn | 4.0% | USD 7.3 bn | 5.2% |
| 6 | France | USD 3.9 bn | 3.5% | USD 6.4 bn | 5.2% |
| 7 | Australia | USD 3.9 bn | 3.5% | USD 6.8 bn | 5.8% |
| 8 | Italy | USD 3.3 bn | 3.0% | USD 5.8 bn | 5.8% |
| 9 | Spain | USD 3.3 bn | 3.0% | USD 5.8 bn | 5.8% |
| 10 | Canada | USD 3.3 bn | 3.0% | USD 5.3 bn | 4.8% |
| 11 | Mexico | USD 2.6 bn | 2.4% | USD 5.4 bn | 7.6% |
| 12 | Netherlands | USD 2.2 bn | 2.0% | USD 3.6 bn | 5.1% |
| 13 | Portugal | USD 1.8 bn | 1.7% | USD 3.0 bn | 5.0% |
| 14 | Greece | USD 1.5 bn | 1.4% | USD 2.5 bn | 5.0% |
| 15 | Switzerland | USD 1.3 bn | 1.2% | USD 2.1 bn | 5.0% |
| 16 | Turkey | USD 1.1 bn | 1.0% | USD 2.3 bn | 7.6% |
| 17 | United Arab Emirates | USD 915 mn | 0.8% | USD 1.9 bn | 7.6% |
| 18 | Thailand | USD 772 mn | 0.7% | USD 1.6 bn | 7.6% |
| 19 | Brazil | USD 650 mn | 0.6% | USD 1.4 bn | 7.6% |
| 20 | South Korea | USD 551 mn | 0.5% | USD 904 mn | 5.1% |
| 21 | Austria | USD 463 mn | 0.4% | USD 753 mn | 5.0% |
| 22 | Ireland | USD 386 mn | 0.3% | USD 640 mn | 5.2% |
| 23 | Sweden | USD 331 mn | 0.3% | USD 527 mn | 4.8% |
| 24 | India | USD 276 mn | 0.2% | USD 565 mn | 7.4% |
| 25 | New Zealand | USD 232 mn | 0.2% | USD 377 mn | 5.0% |
| Rest of world | USD 6.4 bn | 5.8% | USD 11.3 bn | 5.9% |
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.
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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