First Research US Industry Profile

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Automobile Rental & Leasing
SIC Codes: 7513, 7514, 7515
NAICS Codes: 5321
Last Quarterly Update: 9/5/2022
Companies in this industry rent and lease passenger cars and trucks without drivers and utility trailers. Major companies include Avis Budget Group, Enterprise Holdings, Hertz Global Holdings, Ryder, and U-Haul (all based in the US), along with CAR Inc (China), Europcar (France), LeasePlan (the Netherlands), and Sixt SE (Germany).
The global car rental market is expected to reach about $130 billion by 2025, according to VynZ Research. China is seen as a key source of growth. Car rentals are growing in popularity in China's big cities, with demand being driven by better living standards, business rentals, and limits on ownership of private cars. The auto rental and leasing industry in the US includes about 19,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $63 billion.
Competitive Landscape
Demand for car rental is driven by business and leisure travel; for truck rental, demand is driven by home sales and corporate relocations. The profitability of individual companies depends on efficient operations and the ability to finance inventory. Big companies have economies of scale in acquiring vehicles and customers. Small companies can compete effectively by providing better service, alternative products, or lower prices. The US industry is highly concentrated: the 50 largest companies generate about 90% of revenue.
Products, Operations & Technology
Major services include the rental of automobiles and light-duty trucks at about 50% of the industry's revenue. Other services include rental of heavy trucks, ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

09/05/2022
06/20/2022
04/11/2022
01/10/2022
10/11/2021
07/12/2021
04/05/2021
12/28/2020
11/30/2020
10/26/2020
08/18/2020
05/04/2020
10/14/2019
04/08/2019
01/07/2019
10/01/2018
07/02/2018
04/02/2018
01/08/2018
10/02/2017
07/03/2017
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01/02/2017
09/26/2016
06/27/2016
03/28/2016
12/21/2015
09/21/2015
06/22/2015
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12/22/2014
09/29/2014
07/07/2014
04/07/2014
01/13/2014
10/07/2013
07/15/2013
04/22/2013
01/28/2013
10/15/2012
08/06/2012
05/21/2012
02/27/2012
11/07/2011
08/08/2011
04/25/2011
01/24/2011
10/11/2010
07/19/2010
04/12/2010
01/11/2010