Enterprise Holdings Inc., Uber Technologies, Inc. and The Hertz Corporation are dominating the Global Luxury Car Leasing Market in 2018

Global Luxury Car Leasing Market is expected to reach USD 39,461.89 million by 2026 from USD 15,332.59 million in 2018 growing with a healthy CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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The global luxury car leasing market is a highly concentrated market which includes key players and local players. The market has witnessed various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the increase in volume of domestic and international tourists, better user experience with digitization and increased security features through app.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, In January 2019, Enterprise Holdings, completed acquisition of an innovative managed-travel technology platform, Deem. The acquisition will help the company in online booking and travel technology for travel-management companies and business travellers.

Enterprise Holdings Inc dominated the global luxury car leasing market. The other key players existing in the market includes Uber Technologies, Inc., The Hertz Corporation, Sixt, Localiza, Avis Budget Group, German Rent A Car, Europcar Mobility Group and others.

Enterprise Holdings Inc.:

Enterprise Holdings Inc. headquartered in Missouri, U.S. was founded in 1957. The company is a largest transportation provider that offers rental cars and trucks and also deals in car sharing and sales. The company has various brands in its portfolio of products. The market focused category of the company is Enterprise, Alamo, National, izmo, Inc. The company has around 100,000 employees.

• In April 2019, the Enterprise Holdings announced their partnership with Nippon Rent-A-Car International. The partnership will help the company to expand their services in Japan. The services will benefit the visitors as well as residents of Japan.

It has its global networks in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The company has various subsidiaries such as Alamo Rent a Car (U.S.), National Car Rental (U.S.), Enterprise Car Sales (U.S.), Zimride (U.S.), Rearden Commerce (U.S.), among others.

Uber Technologies, Inc.:

Uber Technologies, Inc. headquartered in California, U.S. was founded in 2009. The company is engaged in peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company operates through two business segments which include Core Platform, Other Bets.

• In May 2019, Uber Technologies Inc. launched Uber Movement in Florida, Miami, Orlando and Tampa. The tool will help the users to utilize anonymized data from uber and help urban planners to take significant decisions.

It has its global networks in North America, South America, Europe, Asia-Pacific, Middle East and Africa. The company has various subsidiaries such as Uber Eats (U.S.), Uber India Technology (U.S.), Complex Polygon, Inc. (U.S.), Uber India Systems Pvt. Ltd (India), Uber Advanced Technologies Group (U.S.), among others.

The Hertz Corporation:

The Hertz Corporation, headquartered in Florida, U.S. was founded in 1918. The company is engaged in providing airport and off airport vehicle rental and leasing services. The Hertz Corporation operates through three major strategic business units which include U.S. rental car, international rental car and other operations. The market focused categories of the company are U.S. rental car, international rental car. It has around 38,000 employees as per of 31 December, 2018.

• In July 2018, The Hertz Corporation and its subsidiary, Donlen, announced a strategic partnership with Aptiv for the enhancement in their mobility future. The partnership will allow the company to operate and maintain autonomous fleets.

The company has geographical presence in North America, Europe, Latin America, Middle East and Africa, Australia and New Zealand. It operates through its subsidiaries such as Hertz Investors, Inc. (U.S.), CMGC Canada Acquisition ULC (Canada), Hertz Equipment Rental Holdings (H. K.) Limited (Hong Kong), Hertz Latin America, S.A. de C.V. (Mexico) and others.