As of 2023, Enterprise Rent-A-Car's US rental fleet size stood at 1.55 million vehicles. For 2024, the fleet is forecasted at 1.5974 million, indicating a 3.05% year-on-year growth. Subsequent years see continued growth, with fleet projections reaching 1.641 million in 2025 (2.73% increase), 1.6837 million in 2026 (2.61% increase), 1.7256 million in 2027 (2.49% increase), and 1.7667 million in 2028 (2.38% increase). The Compound Annual Growth Rate (CAGR) from 2023 to 2028 averages 2.65%.
Future trends to watch include:
- Potential shifts in consumer car rental preferences towards electric vehicles as sustainability becomes increasingly prioritized.
- Technological advancements enabling more efficient fleet management and customer service delivery.
- Impact of economic factors such as inflation and interest rates on travel demand and rental pricing.