Car Rental in Canada - Industry Market Research Report

November 2021 •
39 pages •
Report ID: 4564369 •
Format: PDF

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On the road: Industry growth will likely be bolstered by increased corporate profit

Abstract

Car Rental in Canada
The Car Rental industry in Canada has expanded at a steady pace over the five years to 2019. Air travellers, the industry’s primary source of revenue, have increased in number alongside gains in per capita disposable income and declining rates of unemployment. During the five-year period, the industry has continued to consolidate, leaving three dominant global brands with various degrees of strong market share. Growing domestic travel, bolstered by an expanding Canadian economy, is projected to increase demand for industry services in coming years. In addition to rising air travel, industry growth will be underpinned by growth in personal income and generous corporate travel budgets.

Operators in the Car Rental industry in Canada rent and lease passenger cars without drivers, which are often used for short periods of time. Car rental agencies provide hearses, limousines and passenger cars, including automobiles, minivans and sport-utility vehicles (SUVs). Car rentals typically last 30 days or fewer, while leasing agreements typically last 12 months or longer. The industry excludes the rental or leasing of cars with drivers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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