Philippines Car Rental Market Share

Market Share of Philippines Car Rental Industry

Key players such as Thrifty Car Rental, Enterprise Rent A Car LLC, and Europcar dominate the Philippine car rental market. To maintain an edge over their competitors, these leading rental companies are seeking funding to meet the market's growing demands. For instance:

• In August 2023, LXV Cars partnered with Louis Vuitton for a three-year car lease contract for a Mercedes Benz GLB 200, representing the changing dynamics of corporate transportation. Through this partnership, LXV Cars expanded its luxury car fleet.
• In March 2023, BPI Century Tokyo Lease and Finance Corp. (BPICT), through its subsidiary BPI Century Tokyo Rental Corp. (BPICTR), acquired one of the largest car rental companies in the Philippines, Diamond Rent-a-Car. Through this acquisition, the company improved BPICTR's core business by adding car rental, maintenance and repair, fleet management BPO, and 24-hour service to meet diverse demand and enhance service quality.

Philippines Car Rental Market Leaders

1. Enterprise Holdings, Inc.

2. Avis Rent A Car LLC

3. Thrifty Car Rental

4. Europcar Mobility Group

5. LXV Cars LLC

*Disclaimer: Major Players sorted in no particular order