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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
France Car Rental Market Size
The France car rental market is projected to grow at a CAGR of 7.63% between 2024 and 2032.
France Car Rental Market Outlook
- As per the Ministry for Europe and Foreign Affairs, in France, as of 2021, tourism accounts for 8% of GDP.
- Europe, the world's most visited region, reached 94% of 2019 levels. France will host the Olympics in 2024.
- France aims to allocate €2.5 billion in its 2030 investment strategy to enhance the manufacturing of approximately two million electric and hybrid vehicles.
France Car Rental Market Growth
The France car rental market growth is boosted by online modes of booking.
Rising technology has led to a surge in the popularity of online booking methods, which now offer enhanced customer service and customer experience. Utilizing third-party websites, mobile apps, and rental platforms for reservations has become increasingly convenient, providing real-time availability, streamlined payment processes, and greater flexibility to users.
Offline booking methods are a more traditional approach, individuals visit physical offices, utilize intermediary services, or make reservations telephonically. These approaches cater to segments of the population that prioritize human interactions and give a personal touch to the booking process.
In the France car rental market, several notable trends are shaping the industry landscape. Companies are prioritizing investments in user-friendly interface platforms and mobile applications. There is also a rising inclination among consumers towards more sustainable options prompting companies to invest in electric vehicles.
In May 2021, Virtuo, a car rental company based out of Paris raised USD 60 million from AXA Venture Partners. The company planned on using the funding to invest in its technology and launch innovative new services. Virtuo plans on having a 100% electric fleet by 2030.
France Car Rental Market Segmentation
France Car Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Booking Type
- Offline
- Online
Market Breakup by Rental Length Type
- Short-Term
- Long-Term
Market Breakup by Application Type
- Leisure/Tourism
- Business
Market Breakup by Vehicle Type
- Luxury/Premium Cars
- Economy/Budget Cars
- SUVs
- MUVs
France Car Rental Market Outlook Share
Leisure and tourism represent a significant portion of the car rental market in France given the rising popularity of car rental services owing to rising tourism in the domestic region. This segment consists of individuals or families renting vehicles for vacations, weekend getaways, exploration of scenic routes, and other recreational purposes.
Leading Companies in the France Car Rental Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
- SIXT SE
- Avis Budget Group, Inc.
- Hertz Global Holdings Inc.
- Europcar International S.A.S.U.
- Enterprise Holdings, Inc.
- Uber Technologies Inc.
- Sunny Cars GmbH
- Booking Holdings Inc. (Momondo)
- OK Mobility Group
- RENTCARS Ltda.
- Others
Major market players are expanding their outreach through mergers, acquisitions, and rising investment in digitalisation and technological innovation which helps with improved customer experience.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Booking Type |
|
| Breakup by Rental Length Type |
|
| Breakup by Application Type |
|
| Breakup by Vehicle Type |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.63% between 2024 and 2032.
The car rental market is categorised according to booking type, which includes online modes of booking and offline modes of booking.
The car rental market key players are SIXT SE, Avis Budget Group, Inc., Hertz Global Holdings Inc., Europcar International S.A.S.U., Enterprise Holdings, Inc., Uber Technologies Inc., Sunny Cars GmbH, Booking Holdings Inc. (Momondo), OK Mobility Group, and RENTCARS Ltda. Anong others.
Based on the end use, the market is divided into leisure/tourism and business.
The market is broken down into luxury/premium cars, economy/budget cars, SUVs and MUVs.
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