In 2023, U-Save Auto Rental System revenues in the US stood at $135 million. The year-on-year variation from 2022 to 2023 was modest at 0.75%. Over the last two years, there were significant fluctuations, with a substantial increase in 2022 (+12.79%) followed by modest growth in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 1.23%, reflecting steady if unremarkable growth. Notably, 2020 experienced a dramatic decline (-15.71%) due to the COVID-19 pandemic's impact, but the market rebounded by 2021 (+9.26%) and continued to recover thereafter.
Looking forward, the forecasted five-year CAGR is 0.95%, indicating a slower but steady growth trajectory. Revenue is expected to reach approximately $142.5 million by 2028, amounting to a total growth rate of 4.84% over this period. Future trends to watch include advancements in vehicle technology, shifts towards sustainable and electric vehicles, and potential disruptions from ride-sharing services that could impact traditional car rental markets.
