MUV (Multi Utility Vehicle) Rental Market Size - By Booking (Online, Offline), By Rental Length (Short Term, Long Term), By Application (Leisure/Tourism, Business), By End User (Individual, Corporate, Government Agencies), & Forecast, 2024 - 2032

Some of the top firms engaged in the multi utility vehicle rental market include Avis, Enterprise, Fox Rent A Car, Getaround, Hertz, Europcar, Lyft, Inc., Sixt, Uber, and Zoomcar.

North America MUV rental market held 40% revenue share in 2023 and is estimated to expand at a notable growth rate through 2032 owing to their rising popularity due to their suitability for various purposes including transporting large groups of people across the region.

Multi utility vehicle rental industry from the online booking segment accounted for 65% revenue share in 2023 and is estimated to grow considerably through 2032 owing to the 24/7 availability and accessibility of online platforms for eliminating the need to visit traditional rental offices during business hours.

MUV rental industry was worth USD 8.7 billion revenue in 2023 and is set to expand at over 5.5% CAGR between 2024 and 2032 driven by the increasing demand for travel and tourism.