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Brazil Vehicle Rental Market Share, Growth & Forecast [2031]
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Brazil Vehicle Rental Market Share, Growth & Forecast [2031]

Segments - Brazil Vehicle Rental Market by Applications (Leisure/Tourism, Business and Fleet Outsourcing), Booking Types (Offline and Online), Vehicle Types (Passenger Cars and Commercial Vehicles), Usage (Self Driven Vehicles, Fleet Operator Driven Vehicles, and Others), End-users (Fleet Operators and Tour Operators), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

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Author : Akash Vedpathak
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-1283 | 4.7 Rating | 82 Reviews | 195 Pages | Format : PDF Excel PPT

Report Description


The Brazil vehicle rental market size was USD 5.84 Billion in 2022 and is likely to reach USD 8.71 Billion by 2031, expanding at a CAGR of 4.54% during 2023–2031.The growth of the market is attributed to the rising demand for rental commercial and passenger vehicles.

The rich cultural heritage, natural scenic of the amazon forests, beaches, and the government plans to boost the tourism in the country have boosted the growth of the market.  Residents are shifting toward renting of vehicles rather than buying a new vehicle to reduce the overhead vehicle costs such as maintenance and huge upfront investment.

Brazil Vehicle Rental Market Outlook

  • Rising disposable income and growing population are expected to foster the market growth.

  • The COVID-19 pandemic has devastated economies worldwide and the impact has been felt by businesses across various industry verticals. The transportation service industry has been hit particularly hard. However, declining number of cases is expected to help the market recover soon.

  • Rising prices of petrol and diesel in developing countries can hamper the growth of the market during the forecast period.

  • Rapid electrification of the automotive industry is anticipated to fuel the market growth in the projected timeline.  

Scope of Vehical Rental Market Report

The report on the Brazil vehicle rental market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Brazil Vehicle Rental Market -  Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Leisure/Tourism, Business, and Fleet Outsourcing), Booking Types (Offline and Online), Vehicle Types (Passenger Cars and Commercial Vehicles), Usage (Self Driven Vehicles, Fleet Operator Driven Vehicles and Others), and  End-users (Fleet Operator and Tour Operator)

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Movida Car Rental, Localiza Hertz, Avis Budget, Enterprise Group, and Unidas Frotas

Vehicle Rental Market Segment Insights

Fleet outsourcing segment to account a significant market share

Based on types, the market is divided as leisure/tourism, business, and fleet and outsourcing. The fleet outsourcing segment is projected to account for a significant market share during the forecast period. Rising demand for trucks and drivers due to the increasing e-commerce activities is driving the growth of the market segment.

Brazil Vehicle Rental Market Types

 Online segment to hold a considerable market share

In terms of booking types, the market is classified as online and offline. The online segment is anticipated to hold a considerable market share during the forecast period. The convenience of the customers to book a vehicle online from remote location is driving the segment growth. Online booking process of a vehicle is much faster and smoother than the offline process. Hence, the online segment is experiencing considerable growth.

Commercial vehicles segment to account a major market share

On the basis of vehicle type, the market is segregated into passenger cars and commercial vehicles. The commercial vehicles segment is expected to account for a major market share during the forecast period. The transport of goods and materials across the country requires commercial vehicles such as trucks and tempos. Rising demand for commercial vehicles is driving the market growth during the forecast period

Self-driven vehicles segment to exhibit a high CAGR

Based on usage, the market is segmented as self-driven vehicles, fleet operator driven vehicles, and others. The self-driven vehicles segment is projected to exhibit a high CAGR during the forecast period. Rising demand for self-driven vehicles in the market owing to their advanced technology and high convenience is spurring the segment growth.

Fleet operator segment to grow at a rapid pace

On the basis of end-users, the market is divided as fleet operator and tour operator. The fleet operator segment is expected to grow at a rapid pace during the forecasted period. The segment growth is attributed to the government efforts to boost the tourism sector in the country. As a result, the private fleet operators are investing heavily in increasing their fleet strength to cater the growing demand in the country.

Brazil Vehicle Rental Market End users

Segments

The global Brazil vehicle rental market has been segmented on the basis of:

Type

  • Leisure/Tourism
  • Business and Fleet Outsourcing

Booking Type

  • Offline
  • Online

Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Usage

  • Self-Driven Vehicles
  • Fleet Operator Driven Vehicles
  • Others

End-User

  • Fleet Operator
  • Tour Operator

Key players

Competitive Landscape

Some of the prominent companies in Brazil Vehicle Rental Market are Movida Car Rental, Localiza Hertz, Avis Budget, Enterprise Group, and Unidas Frotas. Companies are engaging in partnerships, acquisitions, and mergers to expand their market share.

Brazil Vehicle Rental Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Brazil Vehicle Rental Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Brazil Vehicle Rental Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Brazil Vehicle Rental Market - Supply Chain
  4.5. Global Brazil Vehicle Rental Market Forecast
     4.5.1. Brazil Vehicle Rental Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Brazil Vehicle Rental Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Brazil Vehicle Rental Market Absolute $ Opportunity
5. Global Brazil Vehicle Rental Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Brazil Vehicle Rental Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Brazil Vehicle Rental Demand Share Forecast, 2019-2026
6. North America Brazil Vehicle Rental Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Brazil Vehicle Rental Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Brazil Vehicle Rental Demand Share Forecast, 2019-2026
7. Latin America Brazil Vehicle Rental Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Brazil Vehicle Rental Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Brazil Vehicle Rental Demand Share Forecast, 2019-2026
8. Europe Brazil Vehicle Rental Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Brazil Vehicle Rental Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Brazil Vehicle Rental Demand Share Forecast, 2019-2026
9. Asia Pacific Brazil Vehicle Rental Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Brazil Vehicle Rental Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Brazil Vehicle Rental Demand Share Forecast, 2019-2026
10. Middle East & Africa Brazil Vehicle Rental Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Brazil Vehicle Rental Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Brazil Vehicle Rental Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Brazil Vehicle Rental Market: Market Share Analysis
  11.2. Brazil Vehicle Rental Distributors and Customers
  11.3. Brazil Vehicle Rental Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Movida Car Rental
     11.4.2. Localiza Hertz
     11.4.3. Avis Budget
     11.4.4. Enterprise Group
     11.4.5. Unidas Frotas
     11.4.6.  

Methodology

Our Clients

Pfizer
Siemens Healthcare
General Mills
FedEx Logistics
Honda Motor Co. Ltd.
General Electric
The John Holland Group
sinopec