France Car Rental Market Size, Share, And COVID-19 Impact Analysis, By Vehicle Type (Luxury cars, Executive cars, Economy cars, SUVs, MUVs), By Sales Channel (Online and Offline), By Application (Local usage, Airport transport, Outstation, and Others), and France Car Rental Market Insights, Industry Trend, Forecasts to 2033.

France Car Rental Market Insights Forecasts to 2033 

• The France Car Rental Market Size was Estimated at USD 6,113.26 Million in 2023.
• The France Car Rental Market Size is Expected to Grow at a CAGR of around 8.80% from 2023 to 2033. 
• The France Car Rental Market Size is Expected to Reach USD 14,210.67 Million by 2033.  

The France Car Rental Market Size is predicted to Grow from USD 6,113.26 Million in 2023 to USD 14,210.67 Million By 2033 at a CAGR of 8.80% during the forecast period.

Market Overview

The car rental market is ascribed to the business that offers vehicles for temporary utilization by customers. These services can be used for a few hours, days, weeks, or months. The primary customers for their utilization are typically travelers, and consumers in businesses requiring such vehicles. Car rental services are often found at airports, city centers, and tourist places with schedules by online booking platforms. Most of the key business firms or companies used to offer cars for short-term or long-term rental. It also includes related services like insurance, roadside assistance, and optional extras like GPS navigation or child seats. The main drivers for market expansion are increasing vehicle prices, reduction of parking spaces, and environmental concerns influencing transportation services for traveling and daily communication. Moreover, advanced booking platforms and mobile applications are examples of digital transformation that increases market adoption and improves convenience.

Report Coverage

This research report categorizes the France car rental market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France car rental market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France car rental market.  

Driving Factors

The car rental market in France has been expanding significantly due to a variety of variables, such as shifting consumer preferences, technological advancements, and economic shifts.  Consumer are also looking for cars that fit their new routines as a result of the rise of remote work and lifestyle changes will increase the market expansion. In addition, growing development, an increasing need for flexible transportation alternatives, and an increasing tourism business are the factors driving the car rental market in France and its major cities. Further, the nation is always devoted to environmental concerns so government programs boost the car rental market as a sustainable transportation means. The requirement for temporary vehicle access and business travel both contribute to growth.  

Restraints & Challenges

The France car rental market growth is being restricted because of the high initial expenses of maintenance and servicing, alternative means with affordability and accessibility such as ride sharing or hailing, fluctuation of fuel prices replacement parts, and the possibility of delay clearance from ownership firms.

Market Segmentation

The France car rental market share is classified into vehicle type, sale channel, and application. 

• The SUVs segment accounted for a significant share of the France car rental market in 2023 and is expected to grow at a rapid pace over the forecast period. 

Based on the vehicle type, the France car rental market is categorized into luxury cars, executive cars, economy cars, SUVs, and MUVs. Among these, the SUVs segment accounted for a significant share of the France car rental market in 2023 and is expected to grow at a rapid pace over the forecast period. This is due to its ability to adapt to an array of terrains and circumstances besides with growing trend of highway trips and outdoor pursuits. Moreover, SUVs are an appealing option for tourists as well as families because have more spacious cabins and greater cargo storage capacity than conventional sedans along with safety and security, which exceed the segment revenue.

• The online segment accounted for the largest share of the France car rental market in 2023 and is projected to grow at a remarkable growth during the forecast period.

Based on the sale channel, the France car rental market is categorized into online and offline. Among these, the online segment accounted for the largest share of the France car rental market in 2023 and is projected to grow at a remarkable growth during the forecast period. This is due to the growth of e-commerce platforms, the widespread adoption of modern technology, and successful strategies used by multiple businesses to achieve their expansion objectives to support segment growth. Further, these platforms contribute to the dominance of the segment by offering customers comprehensive information about the vehicle, such as make, model, distance traveled, combustion engine, capability, and state of affairs, despite absorbing consumers' precious time.

• The outstation segment accounted for the largest share of the France car rental market in 2023 and is projected to grow at a remarkable growth during the forecast period.

Based on the application, the France car rental market is segmented into local usage, airport transport, outstation, and others. Among these, the outstation segment accounted for the largest share of the France car rental market in 2023 and is projected to grow at a remarkable growth during the forecast period. This segment growth is attributed to the market expansion because of its convenience and flexibility which impact different kinds of customers, such as tourists for leisure, holidaymakers, and explorers. Moreover, the tourism/ outstation sector rapidly growing which directly fuels the car rental market by offering easy scheduling processes with technical breakthroughs and an assortment of vehicle alternatives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France car rental market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Europcar
• Goldcar
• Keddy
• VIRTUO
• Carikoo
• Toosla.com
• CARBOOKR SAS
• JUSTRENT
• Courteasy
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Key Market Developments

• In March 2023, Avis became the official car rental company of Disneyland Paris. This partnership will last for the next five years. Avis offers special perks and discounts to Disneyland Paris guests, including up to 15% off on rentals in France and up to 10% off on rentals in Europe. They also have a new agency located at Marne la Vallee – Chessy station, which is conveniently close to the Disneyland Paris resort.  

Market Segment

This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France car rental market based on the below-mentioned segments:

France Car Rental Market, By Vehicle Type

• Luxury cars
• Executive cars
• Economy cars
• SUVs
• MUVs

France Car Rental Market, By Sale Channel

• Online
• Offline

France Car Rental Market, By Application

• Local usage
• Airport transport
• Outstation
• Others