As of 2023, the number of Avis Budget Group locations in the US stood at approximately 4.30 thousand. Forecasts suggest a steady annual increase, reaching 4.93 thousand by 2028. This growth represents an average year-on-year increase of around 2.82%, calculated over the forecasted period from 2024 to 2028. The five-year CAGR is estimated at 2.75%, indicating a consistent upward trend in the number of locations.
Future trends to watch for include:
- Potential market saturation effects in urban areas, requiring expansion strategies focused on suburban and rural locations.
- Impact of emerging technologies, such as autonomous vehicles, on the demand for traditional rental services.
- Environmental regulations and the push for sustainable vehicle fleets, potentially influencing location numbers and service offerings.