Asia: car rentals market revenue 2020-2029

The revenue in the 'Car Rentals' segment of the shared mobility market in Asia was forecast to continuously increase between 2024 and 2029 by in total 7 billion U.S. dollars (+17.76 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 46.7 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Car Rentals' segment of the shared mobility market was continuously increasing over the past years.

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Revenue of the car rentals market in Asia from 2020 to 2029 (in million U.S. dollars)

Characteristic	Revenue in million U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Car Rentals market contains private vehicle rentals that have been booked in person, by telephone via the internet or an application.

Additional Information:

The main performance indicators of the Car Rentals market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

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