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Global Luxury Car Rental Market to reach USD 65.42 billion by the end of 2029.

Global Luxury Car Rental Market Size study & Forecast, by Rental Type( Business, Leisure) by Booking Mode Type( Online, Offline), by End User (Self-Driven, Chauffeur-Driven), by Rental Length (Short Term, Long Term) and Regional Analysis, 2022-2029

Product Code: ALTPCV-42508111
Publish Date: 24-04-2023
Page: 200

Global Luxury Car Rental Market is valued at approximately USD 29.95 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2022-2029. Luxury car rentals are becoming more and more common. High-end vehicles can be rented from certain businesses or organizations for a price. Exotic car rentals are popular due to their luxurious transportation, flexibility in selecting from a range of models, and help in projecting the right image for specific occasions. The Luxury Car Rental Market is expanding because of factors such as the rise of Demand-Responsive Transport and the rising number of Air Travelers.

Luxury passenger and charter vehicles with features such as real-time feedback, vehicle tracking, and customer ratings are included in demand-responsive transportation services. Finding luxury vehicles and comparing pricing with the relevant car rental providers are made simpler by a variety of smartphone applications. Humax stated in February 2021 that it provides the WTC mobility service platform with the “Auto Rent RAiDEA,” enabling customers to compare local taxi, luxury automobile rental, and ride-hailing pricing from many firms in one app. Additionally, GoAir and Eco Europcar had begun rental services in 100 Indian locations, including 25 airports, in April 2021. Additionally, GoAir will use Eco Europcar to provide chauffeur-driven vehicles in the mid-range to luxury car sectors. These exotic automobile rental organizations also offer a variety of services to their clients. As a result, the trend toward demand-responsive transportation is growing which is driving the market growth. In addition, digitization in the booking process, payment process, and management of luxury car rental is creating a lucrative growth to the market.

The key regions considered for the Global Luxury Car Rental Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominates the market in terms of revenue, owing to factors such as rising populations, an increase in the number of billionaires, geographic expansion of key players. Furthermore, North America is expected to grow at fastest rate owing to factors such as rising demand for luxury vehicles.

Major market player included in this report are:
Avis Budget Group
Enterprise Holdings
Europcar Mobility Group
Car Inc.
EHi Car Services

Recent Developments in the Market:
Ø In June 2022, Starr Luxury, a high-end rental automobile company founded by Ikenna Ordor, announced its growth in the United States. Major cities such as Los Angeles, Miami, Houston, Atlanta, and Austin received announcements about the launch of their operations. One of the few companies of its kind with a partnership with five-star hotels is known as Starr Luxury.
Ø In December 2021, The UAE’s Ajman Public Transport Authority (APTA) announced the availability of vehicle rental services to promote the establishment of an egalitarian and comprehensive transportation system as part of the Emirate’s Vision 2021. The modification aims to offer clients convenient access to high-quality services. This service, which is a component of high-end car rental services, was established by the Transport Authority’s Vehicle Rental Section.

Global Luxury Car Rental Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Rental Type, Booking Mode type, End User, Rental Length, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Rental Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

Rental Type:
Booking Mode Type:
End User:
Rental Length:
Short Term
Long Term

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Luxury Car Rental Market, by Region, 2019-2029 (USD Billion)
1.2.2. Luxury Car Rental Market, by Rental Type, 2019-2029 (USD Billion)
1.2.3. Luxury Car Rental Market, by Booking Mode Type, 2019-2029 (USD Billion)
1.2.4. Luxury Car Rental Market, by End User, 2019-2029 (USD Billion)
1.2.5. Luxury Car Rental Market, by Rental Length, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Luxury Car Rental Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Luxury Car Rental Market Dynamics
3.1. Luxury Car Rental Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rise of Demand-Responsive Transport Rising Number of Air Travelers
3.1.2. Market Challenges High Deposit Amounts and Rental Costs
3.1.3. Market Opportunities Digitization in the Booking Process, Payment Process, and Management of Luxury Car Rental Rising spending on travelling
Chapter 4. Global Luxury Car Rental Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Luxury Car Rental Market, by Rental Type
6.1. Market Snapshot
6.2. Global Luxury Car Rental Market by Rental Type, Performance – Potential Analysis
6.3. Global Luxury Car Rental Market Estimates & Forecasts by Rental Type 2019-2029 (USD Billion)
6.4. Luxury Car Rental Market, Sub Segment Analysis
6.4.1. Business
6.4.2. Leisure
Chapter 7. Global Luxury Car Rental Market, by Booking Mode Type
7.1. Market Snapshot
7.2. Global Luxury Car Rental Market by Booking Mode Type, Performance – Potential Analysis
7.3. Global Luxury Car Rental Market Estimates & Forecasts by Booking Mode Type 2019-2029 (USD Billion)
7.4. Luxury Car Rental Market, Sub Segment Analysis
7.4.1. Online
7.4.2. Offline
Chapter 8. Global Luxury Car Rental Market, by End User
8.1. Market Snapshot
8.2. Global Luxury Car Rental Market by End User, Performance – Potential Analysis
8.3. Global Luxury Car Rental Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. Luxury Car Rental Market, Sub Segment Analysis
8.4.1. Self-Driven
8.4.2. Chauffeur-Driven
Chapter 9. Global Luxury Car Rental Market, by Rental Length
9.1. Market Snapshot
9.2. Global Luxury Car Rental Market by Rental Length, Performance – Potential Analysis
9.3. Global Luxury Car Rental Market Estimates & Forecasts by Rental Length 2019-2029 (USD Billion)
9.4. Luxury Car Rental Market, Sub Segment Analysis
9.4.1. Short Term
9.4.2. Long Term
Chapter 10. Global Luxury Car Rental Market, Regional Analysis
10.1. Luxury Car Rental Market, Regional Market Snapshot
10.2. North America Luxury Car Rental Market
10.2.1. U.S. Luxury Car Rental Market Rental Type breakdown estimates & forecasts, 2019-2029 Booking Mode Type breakdown estimates & forecasts, 2019-2029 End User breakdown estimates & forecasts, 2019-2029 Rental Length breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Luxury Car Rental Market
10.3. Europe Luxury Car Rental Market Snapshot
10.3.1. U.K. Luxury Car Rental Market
10.3.2. Germany Luxury Car Rental Market
10.3.3. France Luxury Car Rental Market
10.3.4. Spain Luxury Car Rental Market
10.3.5. Italy Luxury Car Rental Market
10.3.6. Rest of Europe Luxury Car Rental Market
10.4. Asia-Pacific Luxury Car Rental Market Snapshot
10.4.1. China Luxury Car Rental Market
10.4.2. India Luxury Car Rental Market
10.4.3. Japan Luxury Car Rental Market
10.4.4. Australia Luxury Car Rental Market
10.4.5. South Korea Luxury Car Rental Market
10.4.6. Rest of Asia Pacific Luxury Car Rental Market
10.5. Latin America Luxury Car Rental Market Snapshot
10.5.1. Brazil Luxury Car Rental Market
10.5.2. Mexico Luxury Car Rental Market
10.5.3. Rest of Latin America Luxury Car Rental Market
10.6. Rest of The World Luxury Car Rental Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Avis Budget Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Sixt
11.2.3. Enterprise Holdings
11.2.4. Movida
11.2.5. Hertz
11.2.6. Localiza
11.2.7. Europcar Mobility Group
11.2.8. Car Inc.
11.2.9. EHi Car Services
11.2.10. Unidas
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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