Summary
Car Rental in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Car rental refers to the short-term hiring of a motor vehicle from one party to another, typically excluding taxis. Our market scope includes only self-driven, short-term (i.e., less than 1 year) car rental data. It excludes leasing or rental of cars for more than one year and the chauffeur-driven cars/cabs.
- The Canadian car rental market recorded revenues of $2,568.2 million in 2024, representing a compound annual growth rate (CAGR) of 3.2% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 0.7% between 2019 and 2024, reaching a total of 212,067.0 Absolute units in 2024.
- The Canadian car rental market accounted for 5.7% of the North American car rental market in 2024. The growth is driven by a rise in travel and tourism, largely attributed to an increase in consumer net disposable income per household. According to Eurostat, the net disposable income per household in Canada reached $70,744.2, reflecting a 3.3% increase from 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in Canada
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada car rental market with five year forecasts
Reasons to Buy
- What was the size of the Canada car rental market by value in 2024?
- What will be the size of the Canada car rental market in 2029?
- What factors are affecting the strength of competition in the Canada car rental market?
- How has the market performed over the last five years?
- Who are the top competitors in Canada's car rental market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. CanaDream Corp
8.2. Avis Budget Group Inc
8.3. Enterprise Holdings Inc
8.4. Hertz Global Holdings Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Canada car rental market value: $ million, 2019-24
Table 2: Canada car rental market volume: car fleet, 2019-24
Table 3: Canada car rental market category segmentation: % share, by value, 2019-24
Table 4: Canada car rental market category segmentation: $ million, 2019-24
Table 5: Canada car rental market geography segmentation: $ million, 2024
Table 6: Canada car rental market distribution: % share, by value, 2024
Table 7: Canada car rental market value forecast: $ million, 2024-29
Table 8: Canada car rental market volume forecast: car fleet, 2024-29
Table 9: CanaDream Corp: Key Facts
Table 10: CanaDream Corp: Key Employees
Table 11: Avis Budget Group Inc: Key Facts
Table 12: Avis Budget Group Inc: Annual Financial Ratios
Table 13: Avis Budget Group Inc: Key Employees
Table 14: Enterprise Holdings Inc: Key Facts
Table 15: Enterprise Holdings Inc: Key Employees
Table 16: Hertz Global Holdings Inc: Key Facts
Table 17: Hertz Global Holdings Inc: Annual Financial Ratios
Table 18: Hertz Global Holdings Inc: Key Employees
Table 19: Canada Size of Population (Million), 2020-24
Table 20: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 21: Canada GDP (Current Prices, $ Billion), 2020-24
Table 22: Canada Inflation, 2020-24
Table 23: Canada Consumer Price Index (Absolute), 2020-24
Table 24: Canada Exchange Rate, 2019-24
List of Figures
Figure 1: Canada car rental market value: $ million, 2019-24
Figure 2: Canada car rental market volume: car fleet, 2019-24
Figure 3: Canada car rental market category segmentation: $ million, 2019-24
Figure 4: Canada car rental market geography segmentation: % share, by value, 2024
Figure 5: Canada car rental market distribution: % share, by value, 2024
Figure 6: Canada car rental market value forecast: $ million, 2024-29
Figure 7: Canada car rental market volume forecast: car fleet, 2024-29
Figure 8: Forces driving competition in the car rental market in Canada, 2024
Figure 9: Drivers of buyer power in the car rental market in Canada, 2024
Figure 10: Drivers of supplier power in the car rental market in Canada, 2024
Figure 11: Factors influencing the likelihood of new entrants in the car rental market in Canada, 2024
Figure 12: Factors influencing the threat of substitutes in the car rental market in Canada, 2024
Figure 13: Drivers of degree of rivalry in the car rental market in Canada, 2024
