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MUV (Multi Utility Vehicle) Rental Market Share

Report ID: GMI8232
Published Date: Feb 2024
Report Format: PDF

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MUV Rental Market Share

Enterprise and Avis dominate the market with around 12% market share. Enterprise establishes key alliances with corporate clients, travel agencies, and tour operators to attract business travelers and group reservations. Additionally, it provides tailored rental solutions, exclusive corporate rates, and loyalty programs to cater to the unique requirements of their corporate clientele.

Avis utilizes technology to elevate the rental experience and streamline operational processes. It employs state-of-the-art reservation systems, fleet management software, and predictive analytics tools to enhance inventory management, pricing tactics, and customer satisfaction.

MUV Rental Market Companies

Major players operating in the MUV rental business are:

Avis
Enterprise
Fox Rent A Car
Getaround
Hertz, Europcar
Lyft, Inc.
Sixt
Uber
Zoomcar

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.