The Hertz rental car fleet size in the US stood at 585.82 thousand units in 2023. Over the past two years, the fleet size grew by 13.51% in 2022 and by 2.07% in 2023, indicating strong recovery after a significant decline of -15.05% in 2020. Over the last five years, the compound annual growth rate (CAGR) has been 2.26%. Future forecasts suggest a positive trend with a projected fleet size of 644.55 thousand units by 2028, reflecting a five-year CAGR of 1.62% and an overall growth of 8.35% from 2023.
Trends to watch for:
- Economic recovery impacts and travel demand patterns post-pandemic.- Potential shifts towards eco-friendly vehicles within the fleet.- Technological advancements in car rental services.- Competitive dynamics within the car rental industry.
