How big is the Singapore Car Rental Market?

The Singapore Car Rental Market size is expected to reach USD 159.46 million in 2024 and grow at a CAGR of 9.84% to reach USD 254.95 million by 2029. Read More

What is the current Singapore Car Rental Market size?

In 2024, the Singapore Car Rental Market size is expected to reach USD 159.46 million. Read More

Who are the key players in Singapore Car Rental Market?

SIXT SE, Avis Budget Group, Drive Sg, Europcar Mobility Group and Hertz Corporation are the major companies operating in the Singapore Car Rental Market. Read More

What years does this Singapore Car Rental Market cover, and what was the market size in 2023?

In 2023, the Singapore Car Rental Market size was estimated at USD 143.77 million. The report covers the Singapore Car Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Car Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of growth in the Singapore Car Rental Market?

Key factors driving the growth of Singapore Car Rental Market are rising tourism, business travel, urbanization, and the convenience of car rentals over ownership. Technological advancements and competitive pricing also contribute to market growth. Read More

Singapore Car Rental Market Share

Statistics for the 2023 & 2024 Singapore Car Rental market share, created by Mordor Intelligence™ Industry Reports. Singapore Car Rental share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Singapore Car Rental Industry

The Singaporean car rental market consists of international companies such as Avis-Budget, Sixt, and Hertz, as well as local companies such as Ride Now and Motorist. International car rental companies charge 50% more than local car rental companies like Sixt, RideNow, Motorist.sg, and Aka. International car rental companies, on the other hand, typically have a larger selection of luxury and imported cars than local car rental companies. The players are engaging in partnerships with foreign players to launch car rental services in Singapore.