In 2024, Lotte rental accounted for the largest market share among major car rental companies, amounting to **** percent. It was followed by SK rent-a-car and Hyundai Capital, taking up around **** percent and **** percent each.

The South Korea car rental market size was nearly USD 1.51 Billion in 2024. The market is estimated to grow at a CAGR of 1.20% during 2025-2034, to reach USD 1.70 Billion by 2034.

This statistic shows the size of the car rental market of South Korea in 2011, with forecasts up to 2020. South Korea's car rental market size was valued at *** trillion South Korean won in 2011 and was estimated to grow to around **** trillion South Korean won by 2020.

The global car rental market, driven by the demand for mobility solutions and the convenience of vehicle rental services, is witnessing significant industry growth. Innovations by the largest rental car companies and the rise of online platforms have enhanced customer experiences, offering flexibility and streamlined booking processes. Market segments like short-term rentals and economy cars are thriving due to their affordability, appealing to a broad customer base. North America and Asia-Pacific are key contributors to this expansion, with the latter poised for rapid growth. Additionally, the industry is adapting to urban mobility changes by incorporating eco-friendly vehicles and exploring peer-to-peer car sharing, aligning with a shift towards sustainable and user-centric mobility options. This evolution, detailed in our comprehensive report PDF, indicates that vehicle rental services will play a crucial role in the future of transportation. For detailed industry statistics on market size, price trend, and revenue growth, refer to Mordor Intelligence™ Industry PDF, with detailed market analysis and forecasts available in a free report PDF download, highlighting the potential and dynamics of the global car rental industry. Adding to this, our annual report will provide a deeper dive into the industry statistics, market cap and industry worth, showcasing size global and price trends. This profile PDF includes essential market data to help stakeholders understand the current state and future prospects of the car rental market.

  Car Rental Report Covers the Following Countries: USA, United States, US, Canada, DE, Germany, German, UK, United Kingdom, FR, France, French, ES, Spain, Spanish, IN, India, Indian, China, Chinese, JP, Japan, Japanese, KR, South Korea, South Korean, SA, South America, South American, MEA, Middle East and Africa, Middle Eastern and African, MENA, Middle East, Middle Eastern, Africa, African

This report is the result of Travel and Tourism Intelligence Center’s extensive market research covering the car rental market in South Korea. It contains detailed data on market dynamics along with latest industry happenings and industry players in South Korea. "South Korea Car Rental: Market Update" provides a top-level overview and detailed insight into the operating environment of the car rental market in South Korea. It is an essential tool for companies active across South Korea travel and tourism value chain and for new players considering to enter the market. Read More

In 2021, there were approximately 997.2 thousand rental cars registered in South Korea. This was an increase from the previous year. Overall, the rental car market has shown strong growth over the past few years in the country.

Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in South Korea to 2024: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue, Car Rental Occasion, Days and Length for the period 2015 to 2019. Read More

Comprehensive dataset of 1 Car rentals in Gyeongsangbuk-do, South Korea as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2024, Lotte rent a car ranked first with a brand competitiveness index that measured ** out of 100 in South Korea. The leading three car rental companies all maintained their ranking and score from the previous year.

Comprehensive dataset of 246 Car rental agencies in Jeollanam-do, South Korea as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The average revenue per paying car rentals customer (ARPU) in Norway was forecast to continuously increase between 2025 and 2029 by in total 12.6 U.S. dollars (+2.86 percent). According to this forecast, in 2029, the arpu will have increased for the third consecutive year to 452.77 U.S. dollars. Find further information concerning the number of users in the 'Car-sharing' segment of the shared mobility market in Spain and the number of users in the 'Car-sharing' segment of the shared mobility market in South Korea. The Statista Market Insights cover a broad range of additional markets.

Comprehensive dataset of 383 Car rental agencies in Gyeongsangnam-do, South Korea as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The South Korea used cars market was valued at USD 23.06 Million in 2024. The market is expected to grow at a CAGR of 10.80% during the forecast period of 2025-2034. Growing consumer preference for lightly used electric vehicles, driven by subsidy phase-outs and battery degradation awareness, is accelerating certified EV resale activity, especially in Seoul, Incheon, and Daejeon corridors. As a result, the market is expected to reach a value of USD 64.31 Million by 2034.

The South Korea used cars industry can be characterized as a fragmented network of dealerships and offline trading hubs that has now transformed into a smart, semi-digital ecosystem. Sites such as K Car and Hey Dealer provide B2B options with pricing engines fuelled by artificial intelligence, allowing corporate fleet operators and leasing companies to sell used cars in a transparent manner. For example, SK Encar delivers valuation utilities and car history reports, assisting B2B customers like car rental firms in asset disposal. The digitized systems reduce transaction time, enhance trust, and boost fleet turnover efficiency, which is key for companies aimed at maximizing resale margins and vehicle life management.

Certified pre-owned (CPO) programs, like Hyundai Motor’s CPO program and Mercedes-Benz Certified program, are transforming the South Korea used car market dynamics by offering automaker-approved quality assurance. Hyundai, Kia, and foreign brands now provide detailed inspections, prolonged warranties, and post-sales service through CPO showrooms. This pattern is gaining traction among B2B customers, particularly mobility service operators such as SoCar and GreenCar, who value the reliability of the vehicle and the cost of total ownership. CPO cars minimize operational risks and downtime, and they are ideal for business use.

Comprehensive dataset of 9,913 Car rental agencies in South Korea as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 21 Recreational vehicle rental agencies in South Korea as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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Car Sharing Market Size 2025-2029

The car sharing market size is forecast to increase by USD 22.4 billion, at a CAGR of 22.1% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing investments in autonomous car production and the subsequent integration of car sharing services. This trend is transforming the automotive industry, as companies explore new business models that leverage advanced technologies to offer more convenient and cost-effective mobility solutions. However, the market's expansion is not without challenges. Strict government regulations regarding emission control pose a significant obstacle, as policymakers seek to mitigate the environmental impact of these services. Additionally, rigid government regulations pertaining to car sharing services themselves create complex operational environments, necessitating compliance with various safety, insurance, and licensing requirements. Companies navigating this market must carefully balance innovation and regulatory compliance to capitalize on the opportunities presented by the evolving car sharing landscape.

What will be the Size of the Car Sharing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with customer experience management playing a pivotal role in shaping the industry's trajectory. Public-private partnerships foster innovation, enabling the integration of dynamic pricing mechanisms that optimize fuel efficiency and promote green technology adoption. Multi-modal transportation networks and urban mobility solutions are seamlessly merging, with real-time vehicle tracking and on-demand transportation services streamlining urban transportation planning. Public transportation integration and parking management systems are key components of smart city initiatives, reducing carbon footprints and mitigating traffic congestion. Vehicle fleet management and inventory management are essential for optimizing vehicle utilization and ensuring regulatory compliance. Dynamic pricing mechanisms and user interface design are crucial in catering to diverse customer segments, with ride-hailing platforms and bike-sharing programs offering micro-mobility options. Peer-to-peer car sharing and ride-sharing partnerships are transforming the industry, with electric vehicle integration and subscription models gaining popularity. The ongoing integration of green technology, sustainability initiatives, and autonomous vehicles is revolutionizing the car sharing landscape. Vehicle telematics and mobile app development are enhancing the customer experience, while community engagement and traffic congestion mitigation are essential for long-term success. The evolving market dynamics of car sharing encompass various sectors, including intercity travel solutions, last-mile delivery services, and mobility-as-a-service (MAAS). Demand forecasting and environmental impact assessment are crucial in ensuring the sustainability and growth of these services. Spare parts management and payment gateway integration are vital components of vehicle maintenance schedules and ride-hailing platforms. In conclusion, the market is an ever-changing landscape, with continuous innovation and integration of various components shaping its future. From customer experience management to green technology adoption, the industry's dynamism is evident in its ongoing evolution.

How is this Car Sharing Industry segmented?

The car sharing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userBusinessIndividualMode Of BookingOnlineOfflineGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW).

By End-user Insights

The business segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth in the business segment due to various factors. One key driver is the adoption of this service for fleet optimization and cost reduction. By implementing car sharing, companies can save on fleet-related expenses and make efficient use of underutilized vehicles. Additionally, car sharing offers a sustainable mobility solution, enhancing corporate social responsibility. This not only decreases the need for car renting but also saves time and resources through advanced vehicle management. Furthermore, the integration of public transportation, real-time tracking, and multi-modal transportation networks enables seamless urban mobility. The implementation of green technology, electric vehicles, and micro-mobility options also contributes to the reduction

The global market size of Sri Lanka Car Rentals is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Sri Lanka Car Rentals Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Sri Lanka Car Rentals industry. The key insights of the report:
1.The report provides key statistics on the market status of the Sri Lanka Car Rentals manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Sri Lanka Car Rentals industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Sri Lanka Car Rentals Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Sri Lanka Car Rentals as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Sri Lanka Car Rentals market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

In a survey carried out in South Korea in 2020 about automobiles, **** percent of respondents thought that cars were 'used' not 'owned'. Respondents overall leaned towards the idea that personal ownership would decrease in the future, with rentals or leases taking over the market. According to the source, the low initial costs were the largest factor for respondents interested in renting or leasing a car.

Comprehensive dataset of 6 Vehicle rentals in Gyeongsangbuk-do, South Korea as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.