The North American Car Rental Market to 2018

  • July 2014
  • -
  • Timetric
  • -
  • 100 pages

Synopsis
The report provides detailed market analysis, information and insights, including:
- Historic and forecast domestic and inbound tourist volumes in North America.
- Detailed analysis of tourist volumes for the three countries: the US, Canada and Mexico.
- Detailed analysis of the car rental market in North America.
- Detailed analysis of the car rental market in the US, Canada and Mexico.

Summary
The North American car rental market performed well during the review period (2009–2013), driven primarily by the overall good performance of the travel and tourism sector. Domestic trips, intra-regional travel as well as international arrivals to the region increased, leading to a rise in demand for car rental by both business and leisure tourists. The US is the largest market in the region, with the highest number of domestic as well international arrivals in 2013.

Scope
This report provides an extensive analysis related to the car rental market in North America:
- It details historical values for North America's tourism sector for 2009–2013, along with forecast figures for 2014–2018.
- The report provides a detailed analysis and forecast of domestic and inbound tourist flows in North America including analysis of tourism flows in the US, Canada and Mexico.
- It provides comprehensive analysis of car rental market in North American countries – the US, Canada and Mexico – including key developments and competitive landscape.
- It provides comprehensive analysis of the trends in car rental market’s key performance indicators, with values for both the 2009–2013 review period and the 2014–2018 forecast period.

Reasons To Buy
- Take strategic business decisions using historic and forecast market data related to North America's car rental market.
- Understand the demand-side dynamics within the car rental market in North America, along with key market trends and growth opportunities.

Key Highlights
- The total number of domestic trips in the US increased from 1.9 billion in 2009 to 2.1 billion in 2013, rising at a review-period CAGR of 1.98%. Over the forecast period, domestic tourist volume will continue to grow at a CAGR of 1.63% to reach 2.22 billion by 2018, driven by improved consumer confidence, rising employment rates and an increase in business travel.
- Domestic tourism drives the travel and tourism sector in Canada, with domestic trips accounting for 86.8% of domestic and inbound trips in the country. The total number of domestic trips increased at a review-period CAGR of 4.68%, rising from 91.4 million in 2009 to 109.7 million in 2013, driven by improving economic conditions within the country, rising consumer confidence, higher disposable incomes and more attractive discounts offered by travel suppliers.
- Leisure travel accounted for 63.4% of the total Mexican domestic trips, while business travel accounted for 18.3%. The average length of domestic trips in Mexico is higher in comparison to the US and Canada. The average number of nights spent on domestic trips in Mexico was 7.4 in 2013 which is significantly higher compared to 2.8 nights in Canada and 3.6 nights in the US.
- The total number of international arrivals to North America increased at a review-period CAGR of 4.33% from 93.0 million in 2009 to 110.2 million in 2013. The US recorded the highest review-period CAGR of 6.18%, while Canada and Mexico recorded CAGRs of 1.38% and 1.55% respectively. Of the total arrivals to the region, 63.8% came from North America while only 36.2% came from other regions (Africa, Asia-Pacific, Europe, Middle East and South and Central America) in 2013.
- Due to its high-quality road infrastructure and limited railways, the US car rental market is well developed. Tourist routes such as Route 66 are key tourist attractions and contribute to the growth of the car rental market in the country. The US car rental industry grew during the review period, with the total market value increasing at a CAGR of 5.35% from US$23.3 billion in 2009 to US$28.6 billion in 2013. Fleet size also increased at a CAGR of 4.20% driven by the expansion of the leading operators, Enterprise, Hertz and Avis.
- Timetric expects the car rental market in Canada to continue to grow over the forecast period. The total market value will increase at a CAGR of 5.89% to reach CAD3.3 billion (US$3.2 billion) by 2018. The utilization rate is also expected to increase from 72.1% in 2013 to 73.8% in 2018. Growth is also expected in the average revenue per day at a forecast-period CAGR of 1.95% while the average rental length will increase from 49.8 in 2013 to 54.9 by 2018. The growth will be supported by the growth in international arrivals and the rising demand for car sharing.
- The Mexican travel and tourism sector grew during the review period, as reflected in the growth of the country’s car rental market. The overall car rental market value in Mexico increased at a review-period CAGR of 5.71%, which can partially be attributed to rising demand for air travel following the growth of LCCs. Business car rentals accounted for 62.4% of the car rental market value in 2013, while leisure rentals accounted for 36.1%. The total fleet size also increased from 29,194 in 2009 to 32,107 in 2013.

Table Of Contents

Table of Contents
1 Executive Summary
2 Domestic Tourism in North America
2.1.1 The US
2.1.2 Canada
2.1.3 Mexico
3 Inbound Tourism to North America
3.1.1 The US
3.1.2 Canada
3.1.3 Mexico
3.2.1 International arrivals by region - Africa
3.2.2 International arrivals by region - Asia-Pacific
3.2.3 International arrivals by region - Europe
3.2.4 International arrivals by region - the Middle East
3.2.5 International arrivals by region - South and Central America
4 Car Rental in the US
5 Car Rental in Canada
6 Car Rental in Mexico
7 Car Rental - Key Performance Indicators
7.1.1 Market value by customer type and location
7.1.2 Fleet size
7.1.3 Rental occasions
7.1.4 Rental days
7.1.5 Average rental length
7.1.6 Utilization rate
7.1.7 Average revenue per day
7.2.1 Market value by customer type and location
7.2.2 Fleet size
7.2.3 Rental occasions
7.2.4 Rental days
7.2.5 Average rental length
7.2.6 Utilization rate
7.2.7 Average revenue per day
7.3.1 Market value by customer type and location
7.3.2 Fleet size
7.3.3 Rental occasions
7.3.4 Rental days
7.3.5 Average rental length
7.3.6 Utilization rate
7.3.7 Average revenue per day
7.4.1 Market value by customer type and location
7.4.2 Fleet size
7.4.3 Rental occasions
7.4.4 Rental days
7.4.5 Average rental length
7.4.6 Utilization rate
7.4.7 Average revenue per day
8 Company Profiles - The US
8.1.1 Enterprise Holdings, Inc. - company overview
8.1.2 Enterprise Holdings, Inc. - business description
8.1.3 Enterprise Holdings, Inc. - main services and brands
8.1.4 Enterprise Holdings, Inc. - history
8.1.5 Enterprise Holdings, Inc. - SWOT analysis
8.1.6 Enterprise Holdings, Inc. - strengths
8.1.7 Enterprise Holdings, Inc. - weakness
8.1.8 Enterprise Holdings, Inc. - opportunities
8.1.9 Enterprise Holdings, Inc. - threats
8.1.10 Enterprise Holdings, Inc. - key employees
8.2.1 Hertz Global Holdings, Inc. - company overview
8.2.2 Hertz Global Holdings, Inc. - business description
8.2.3 Hertz Global Holdings, Inc. - main services and brands
8.2.4 Hertz Global Holdings, Inc. - history
8.2.5 Hertz Global Holdings, Inc. - SWOT analysis
8.2.6 Hertz Global Holdings, Inc. - strengths
8.2.7 Hertz Global Holdings, Inc. - weakness
8.2.8 Hertz Global Holdings, Inc. - opportunities
8.2.9 Hertz Global Holdings, Inc. - threats
8.2.10 Hertz Global Holdings, Inc. - key employees
8.3.1 Avis Budget Group, Inc. - company overview
8.3.2 Avis Budget Group, Inc. - business description
8.3.3 Avis Budget Group, Inc. - main services and brands
8.3.4 Avis Budget Group, Inc. - history
8.3.5 Avis Budget Group, Inc. - SWOT analysis
8.3.6 Avis Budget Group, Inc. - strengths
8.3.7 Avis Budget Group, Inc. - weaknesses
8.3.8 Avis Budget Group, Inc. - opportunities
8.3.9 Avis Budget Group, Inc. - threats
8.3.10 Avis Budget Group, Inc. - key employees
8.4.1 Fox Rent-A-Car, Inc. - company overview
8.4.2 Fox Rent-A-Car, Inc. - main services and brands
8.4.3 Fox Rent-A-Car, Inc. - key employees
9 Company Profiles - Canada
9.1.1 Enterprise Rent a Car Canada - company overview
9.1.2 Enterprise Rent a Car Canada - main services and brands
9.1.3 Enterprise Rent a Car Canada - key employees
9.2.1 Discount Car and Truck Rentals Ltd - company overview
9.2.2 Discount Car and Truck Rentals Ltd - main services
9.2.3 Discount Car and Truck Rentals Ltd - key employees
9.3.1 Budget Rent-A-Car BC Ltd - company overview
9.3.2 Budget Rent-A-Car BC Ltd - main services
9.4.1 Dollar Rent A Car Canada - company overview
9.4.2 Dollar Rent A Car Canada - main services and brands
9.4.3 Dollar Rent A Car Canada - key employees
10 Company Profiles - Mexico
10.1.1 Avis Mexico Car Rental - company overview
10.1.2 Avis Mexico Car Rental - main services
10.1.3 Avis Mexico Car Rental - key employees
10.2.1 Alamo Rent a Car Mexico - company overview
10.2.2 Alamo Rent a Car Mexico - main services
10.3.1 Alquiladora de Vehiculos Automotores SA de CV - company overview
10.3.2 Alquiladora de Vehiculos Automotores SA de CV - main services
10.4.1 Sixt Mexico - company overview
10.4.2 Sixt Mexico - main services and brands
10.4.3 Sixt Mexico - key employees
11 Appendix



List of Tables
Table 1: North America - Domestic Tourists (Million), 2009-2018
Table 2: The US - Domestic Tourists (Million), 2009-2018
Table 3: Canada- Domestic Tourists (Thousand), 2009-2018
Table 4: Mexico - Domestic Tourists (Thousand), 2009-2018
Table 5: North America - Intra-Regional Tourist Arrivals (Thousand), 2009-2018
Table 6: North America - International Arrivals (Thousand), 2009-2018
Table 7: The US - International Arrivals by Purpose (Thousand), 2009-2018
Table 8: Canada - International Arrivals by Purpose (Thousand), 2009-2018
Table 9: Mexico - International Arrivals by Purpose (Thousand), 2009-2018
Table 10: North America - International Arrivals from Africa (Thousand), 2009-2018
Table 11: North America - International Arrivals from Asia-Pacific (Thousand), 2009-2018
Table 12: North America - International Arrivals from Europe (Thousand), 2009-2018
Table 13: North America - International Arrivals from the Middle East (Thousand), 2009-2018
Table 14: North America - International Arrivals from South and Central America (Thousand), 2009-2018
Table 15: North America - Market Value by Customer Type and Rental Location (US$ Million), 2009-2018
Table 16: North America - Fleet Size (Thousand), 2009-2018
Table 17: North America - Rental Occasions (Million), 2009-2018
Table 18: North America - Rental Days (Million), 2009-2018
Table 19: North America - Average Rental Length (Days), 2009-2018
Table 20: North America - Utilization Rate (%), 2009-2018
Table 21: North America - Average Revenue per Day (US$), 2009-2018
Table 22: The US - Market Value by Customer Type and Rental Location (US$ Million), 2009-2018
Table 23: The US - Fleet Size (Thousand), 2009-2018
Table 24: The US - Rental Occasions (Million), 2009-2018
Table 25: The US - Rental Days (Million), 2009-2018
Table 26: The US - Average Rental Length (Days), 2009-2018
Table 27: The US - Utilization Rate (%), 2009-2018
Table 28: The US - Average Revenue per Day (US$), 2009-2018
Table 29: Canada - Market Value by Customer Type and Rental Location (CAD Million), 2009-2018
Table 30: Canada - Fleet Size (Thousand), 2009-2018
Table 31: Canada - Rental Occasions (Million), 2009-2018
Table 32: Canada - Rental Days (Million), 2009-2018
Table 33: Canada - Average Rental Length (Days), 2009-2018
Table 34: Canada - Utilization Rate (%), 2009-2018
Table 35: Canada - Average Revenue per Day (CAD), 2009-2018
Table 36: Mexico - Market Value by Customer Type and Rental Location (MXN Million), 2009-2018
Table 37: Mexico - Fleet Size (Actual), 2009-2018
Table 38: Mexico - Rental Occasions (Million), 2009-2018
Table 39: Mexico - Rental Days (Million), 2009-2018
Table 40: Mexico - Average Rental Length (Days), 2009-2018
Table 41: Mexico - Utilization Rate (%), 2009-2018
Table 42: Mexico - Average Revenue per Day (MXN), 2009-2018
Table 43: Enterprise Holdings, Inc., Key Facts
Table 44: Enterprise Holdings, Inc., Main Services and Brands
Table 45: Enterprise Holdings, Inc., History
Table 46: Enterprise Holdings, Inc., Key Employees
Table 47: Hertz Global Holdings, Inc., Key Facts
Table 48: Hertz Global Holdings, Inc., Main Services and Brands
Table 49: Hertz Global Holdings, Inc., History
Table 50: Hertz Global Holdings, Inc., Key Employees
Table 51: Avis Budget Group, Inc., Key Facts
Table 52: Avis Budget Group, Inc., Main Services and brands
Table 53: Avis Budget Group, Inc., History
Table 54: Avis Budget Group, Inc., Key Employees
Table 55: Fox Rent-A-Car, Inc., Key Facts
Table 56: Fox Rent-A-Car, Inc., Main Services and Brands
Table 57: Fox Rent-A-Car, Inc., Key Employees
Table 58: Enterprise Rent a Car Canada, Key Facts
Table 59: Enterprise Rent a Car Canada, Main Services and brands
Table 60: Enterprise Rent a Car Canada, Key Employees
Table 61: Discount Car and Truck Rentals Ltd, Key Facts
Table 62: Discount Car and Truck Rentals Ltd, Main Services
Table 63: Discount Car and Truck Rentals Ltd, Key Employees
Table 64: Budget Rent-A-Car BC Ltd, Key Facts
Table 65: Budget Rent-A-Car BC Ltd, Main Services
Table 66: Dollar Rent A Car Canada, Key Facts
Table 67: Dollar Rent A Car Canada, Main Services and Brands
Table 68: Dollar Rent A Car Canada, Key Employees
Table 69: Avis Mexico Car Rental, Key Facts
Table 70: Avis Mexico Car Rental, Main Services
Table 71: Avis Mexico Car Rental, Key Employees
Table 72: Alamo Rent a Car Mexico, Key Facts
Table 73: Alamo Rent a Car Mexico, Main Services
Table 74: Alquiladora de Vehiculos Automotores SA de CV, Key Facts
Table 75: Alquiladora de Vehiculos Automotores SA de CV, Main Services
Table 76: Sixt Mexico, Key Facts
Table 77: Sixt Mexico, Main Services and Brands
Table 78: Sixt Mexico, Key Employees
Table 79: Timetric Travel and Tourism Sector Definitions



List of Figures
Figure 1: North America - Domestic Tourists (Million), 2009-2018
Figure 2: The US - Domestic Tourists (Million), 2009-2018
Figure 3: Canada - Domestic Tourists (Thousand), 2009-2018
Figure 4: Mexico - Domestic Tourists (Thousand), 2009-2018
Figure 5: North America - Intra-Regional Tourist Arrivals (Thousand), 2009, 2013 and 2018
Figure 6: North America - International Arrivals (Thousand), 2009-2018
Figure 7: The US - International Arrivals by Purpose (Thousand), 2009-2018
Figure 8: Canada - International Arrivals by Purpose (Thousand), 2009-2018
Figure 9: Mexico - International Arrivals by Purpose (Thousand), 2009-2018
Figure 10: North America - International Arrivals from Africa (Thousand), 2009-2018
Figure 11: North America - International Arrivals from Asia-Pacific (Thousand), 2009-2018
Figure 12: North America - International Arrivals from Europe (Thousand), 2009-2018
Figure 13: North America - International Arrivals from the Middle East (Thousand), 2009-2018
Figure 14: North America - International Arrivals from South and Central America (Thousand), 2009-2018
Figure 15: The US - Market Value (US$ Million) and Fleet Size (Thousand), 2009-2018
Figure 16: The US - Average Revenue per Day (US$) and Average Rental Length (Days), 2009-2018
Figure 17: Canada - Market Value (CAD Million) and Fleet Size (Thousand), 2009-2018
Figure 18: Canada - Average Revenue per Day (CAD) and Average Rental Length (Days), 2009-2018
Figure 19: Mexico - Market Value (MXN Million) and Fleet Size (Actual), 2009-2018
Figure 20: Mexico - Average Revenue per Day (MXN) and Average Rental Length (Days), 2009-2018
Figure 21: North America -Market Value by Customer Type and Location (US$ Million), 2009-2018
Figure 22: North America - Fleet Size (Thousand), 2009-2018
Figure 23: North America - Rental Occasions (Million), 2009-2018
Figure 24: North America - Rental Days (Million) and Average Rental Length (Days), 2009-2018
Figure 25: North America - Utilization Rate (%), 2009-2018
Figure 26: North America - Average Revenue per Day (US$), 2009-2018
Figure 27: The US - Market Value by Customer Type and Location (US$ Million), 2009-2018
Figure 28: The US - Fleet Size (Thousand), 2009-2018
Figure 29: The US - Rental Occasions (Million), 2009-2018
Figure 30: The US - Rental Days (Million) and Average Rental Length (Days), 2009-2018
Figure 31: The US - Utilization Rate (%), 2009-2018
Figure 32: The US - Average Revenue per Day (US$), 2009-2018
Figure 33: Canada - Market Value by Customer Type and Location (CAD Million), 2009-2018
Figure 34: Canada - Fleet Size (Thousand), 2009-2018
Figure 35: Canada - Rental Occasions (Million), 2009-2018
Figure 36: Canada - Rental Days (Million) and Average Rental Length (Days), 2009-2018
Figure 37: Canada - Utilization Rate (%), 2009-2018
Figure 38: Canada - Average Revenue per Day (CAD), 2009-2018
Figure 39: Mexico - Market Value by Customer Type and Location (MXN Million), 2009-2018
Figure 40: Mexico - Fleet Size (Actual), 2009-2018
Figure 41: Mexico - Rental Occasions (Million), 2009-2018
Figure 42: Mexico - Rental Days (Million) and Average Rental Length (Days), 2009-2018
Figure 43: Mexico - Utilization Rate (%), 2009-2018
Figure 44: Mexico - Average Revenue per Day (MXN), 2009-2018

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