The US Automotive Rental Tourism Output has shown steady growth from 2013 to 2019, with occasional fluctuations including a significant dip in 2020 due to the pandemic, resulting in a -15.42% year-on-year variation. The market rebounded in 2021 and 2022, achieving substantial increases of 10.41% and 13.06%, respectively. By 2023, the output stood at $42.25 billion, marking a 1.69% year-on-year growth. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 1.83%. The forecast from 2024 to 2028 anticipates moderate growth with a 5-year CAGR of 1.34%, expected to reach $45.68 billion by 2028.

Future trends to watch for:

Increasing adoption of electric vehicles in rental fleets.
Impact of autonomous vehicle technologies on rental demand.
Potential changes in travel behaviors due to ongoing economic and environmental concerns.
Integration of digital technologies for better customer experience and operational efficiency.
Shifts in tourism patterns due to geopolitical factors and global health considerations.