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United States Vehicle Rental Market size to Reach USD 66.72 Billion by 2031, Driven by Digital Bookings, Leisure Travel Demand, and Fleet Electrification Trends – Mordor Intelligence

NEWSROOM by NEWSROOM
March 6, 2026
in Press Releases
United States Vehicle Rental Market size to Reach USD 66.72 Billion by 2031, Driven by Digital Bookings, Leisure Travel Demand, and Fleet Electrification Trends – Mordor Intelligence
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United States Vehicle Rental Market Overview 

According to Mordor Intelligence, the United States vehicle rental market size is projected to grow from USD 48.48 billion in 2025 to USD 51.13 billion in 2026 and is expected to reach USD 66.72 billion by 2031, registering a CAGR of 5.47% during the forecast period. The United States vehicle rental market forecast reflects steady expansion supported by leisure travel recovery, hybrid work patterns, and a rising shift toward digital platforms. 

Despite vehicle supply constraints and higher airport-related fees, the United States vehicle rental industry continues to generate consistent revenue. Pent-up leisure travel, extended road trips, and growing preference for flexible mobility solutions are supporting the United States vehicle rental market growth. Operators are actively managing fleet utilization through pricing strategies, telematics, and regional fleet balancing. 

Key Trends Shaping the United States Vehicle Rental Market 

Surge in Domestic Leisure and Road-Trip Demand: Domestic travel across the country has strengthened the United States vehicle rental market trends. Travelers are choosing national parks, coastal routes, and regional tourism over international trips. Longer rental durations have improved revenue per transaction, even as daily rates remain stable. 

Rapid Expansion of Online and Mobile Booking Channels: Digital transformation is a central factor in United States vehicle rental market growth. Online and mobile platforms now account for the majority of bookings, reducing transaction time and lowering customer acquisition costs. 

Growth of Peer-to-Peer Platforms and Asset-Light Models: Peer-to-peer platforms are expanding within metropolitan areas by leveraging privately owned vehicles. These models often avoid traditional airport surcharges, enabling competitive pricing. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/united-states-vehicle-rental-market?utm_source=emailwire  

United States Vehicle Rental Market Segmentation Analysis 

By Application 

  • Leisure and Tourism 
  • Business and Corporate 

By Vehicle Type 

  • Passenger Cars 
  • Light Commercial Vehicles 
  • Medium and Heavy-Duty Commercial Vehicles 

By Booking Channel 

  • Online 
  • Offline 

By Rental Duration 

  • Short-Term 
  • Long-Term 

By Propulsion 

  • Internal Combustion Engine 
  • Hybrid 
  • Electric 

By Service Model 

  • Traditional Corporate Fleet 
  • Peer-to-Peer 

Explore Our Full Library of Automotive Research Report:  https://www.mordorintelligence.com/market-analysis/automotive?utm_source=emailwire  

Competitive Landscape in the United States Vehicle Rental Industry 

The United States vehicle rental industry is moderately consolidated, with major airport-focused operators leading the market. 

Key players include: 

  • Enterprise Holdings Inc. 
  • Hertz Global Holdings Inc. 
  • Avis Budget Group Inc. 
  • Sixt SE 
  • Fox Rent a Car 

Explore more insights on United States vehicle rental competitive landscape: https://www.mordorintelligence.com/industry-reports/united-states-vehicle-rental-market/companies?utm_source=emailwire  

Conclusion 

The United States vehicle rental market forecast indicates steady expansion through 2031, supported by domestic leisure travel, digital adoption, and gradual electrification. While vehicle supply limitations and capital pressures remain challenges, operators are adapting through fleet optimization and diversified service models. 

The United States vehicle rental market growth will continue to reflect evolving consumer mobility preferences, including hybrid work travel and flexible rental durations. As the United States vehicle rental industry balances traditional fleet management with digital and sustainable initiatives, market participants are positioning themselves to maintain competitiveness in a changing mobility landscape. 

Get detailed insights on the United States vehicle rental market:  https://www.mordorintelligence.com/industry-reports/united-states-vehicle-rental-market?utm_source=emailwire  

Industry Related Reports 

Car Wash Market: The car wash market is segmented by type, mode of payment, service model, end user, ownership, and geography, with forecasts provided in USD, driven by rising vehicle ownership, growing preference for automated washing systems, and increasing adoption of cashless payment solutions. 

Get more insights:  https://www.mordorintelligence.com/industry-reports/car-wash-market?utm_source=emailwire 

Recreational Vehicle Rental Market size: The recreational vehicle rental market is projected to grow from USD 2.88 billion in 2026 to USD 3.82 billion by 2031, registering a CAGR of 5.82%, supported by rising outdoor tourism, flexible travel trends, and increasing demand for short-term mobility solutions. 

Get more insights:  https://www.mordorintelligence.com/industry-reports/recreational-vehicle-rental-market?utm_source=emailwire 

Forklift Rental Market share:  The forklift rental market is expected to expand from USD 5.39 billion in 2026 to USD 7.35 billion by 2031, growing at a CAGR of 6.39%, driven by growth in warehousing and logistics, e-commerce expansion, and increasing preference for cost-efficient equipment leasing. 

Get more insights:  https://www.mordorintelligence.com/industry-reports/forklift-rental-market?utm_source=emailwire 

Get More information on Recently published posts on LinkedIn 

Ride-Hailing Market: https://www.linkedin.com/pulse/ride-hailing-market-set-strong-growth-through-6fj6c/?trackingId=qqRB…
Forklift Rental Market: https://www.linkedin.com/pulse/forklift-rental-market-set-strong-growth-through-cynhc/?trackingId=S…

About Mordor Intelligence

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. 

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. 

For any inquiries or to access the full report, please contact: 

media@mordorintelligence.com
https://www.mordorintelligence.com/ 



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