Report U.S. Car Rental Market Report 2023-2027

U.S. Car Rental Market Report 2023-2027

Published:
August 2024
Research Type:
Report
Figures:
5
Segment:
Car Rental & Ground Transportation
Region:
U.S. & Canada
US$795

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Summary

The U.S. car rental market is evolving, driven by digital transformation, shifts in consumer behavior and the slow but steady adoption of electric vehicles. While the market grew modestly by 5% in 2023, the transition to online bookings continues to reshape the landscape, with 70% of rentals expected to be booked digitally by 2027. As companies invest in technology like AI to enhance customer experiences and optimize operations, the focus is on adapting to a future where efficiency, sustainability and digital engagement define the competitive edge.

The U.S. Car Rental Market Report 2023-2027 is part of Phocuswright’s U.S. Travel Market Report 2023-2027 series, which features an overview of the U.S. travel market, along with detailed data and analysis of five key segments: airline, hotel & lodging, car rental, cruise and packaged travel. A standalone report dedicated to online travel agencies rounds out the coverage.

With the single purchase of the series, the following reports are automatically included at no additional cost:

Analysts
Charuta Fadnis
Charuta Fadnis
Michael Coletta
Michael Coletta