In this article, we will be taking a look at the 9 biggest car rental companies in the world. To skip our detailed analysis, you can go directly to see 9 biggest car rental companies in the world.
5. Sixt SE
Total revenue in the latest financial year (in millions): $2,282
Total number of vehicles in fleet: 242,000
Total number of employees: 6,400
Sixt is a German rental car company and among the biggest rental car companies in the world. Initially launched with just 3 cars in its fleet in 1912, the company now boasts nearly a quarter of a million cars in its fleet. While Sixt made an attempt to buy out its European competitor, Europcar, it was unsuccessful in doing so.
4. Europcar Mobility Group
Total revenue in the latest financial year (in millions): $2,272
Total number of vehicles in fleet: 248,000
Total number of employees: 8,860
Europcar is the largest car rental company in Europe, and is headquartered in France. Europcar maintains operations in more than 140 countries across multiple continents including Asia, Africa, North America, and of course, Europe. Over the past decade, Europcar has made several acquisitions, including Goldcar, Scooty, GuidaMi and Buchbinder among others.
3. Hertz Global Holdings, Inc. (NASDAQ:HTZ)
Total revenue in the latest financial year (in millions): $7,336
Total number of vehicles in fleet: 467,700
Total number of employees: 23,000
Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the three largest car rental companies in the world, all three of which are significantly larger than any of their competition. With nearly half a million cars in its fleet, Hertz Global Holdings, Inc. (NASDAQ:HTZ) also has the third largest vehicle fleet among rental car companies. Hertz Global Holdings, Inc. (NASDAQ:HTZ) filed for bankruptcy in 2020 due to a significant decrease in revenue as a result of the Covid-19 pandemic, but emerged from it in 2021. In October 2021, Hertz Global Holdings, Inc. (NASDAQ:HTZ) announced that it was going to purchase 100,000 Tesla vehicles to further its goal of fleet electrification, and has already cited the maintenance costs saved as a result of this decision.
2. Avis Budget Group, Inc. (NASDAQ:CAR)
Total revenue in the latest financial year (in millions): $9,313
Total number of vehicles in fleet: 600,000
Total number of employees: 21,000
Avis Budget Group, Inc. (NASDAQ:CAR) is headquartered in New Jersey and owns several rent a car agencies, which include but are not limited to Budget Rent a Car, Payless Car Rental, Zipcar and its namesake, Avis Car Rental. Avis Budget Group, Inc. (NASDAQ:CAR) also owns some regional brands such as Apex Car Rentals and France Cars, with the former being acquired form New Zealand in 2012. Avis Budget Group, Inc. (NASDAQ:CAR) also acquired Zipcar in 2013 for $500 million in cash.
1. Enterprise Holdings
Total revenue in the latest financial year (in millions): $23,900
Total number of vehicles in fleet: 1,850,000
Total number of employees: 80,000
Easily topping the list of the 9 largest rental companies in the world is Enterprise Holdings, which topped the list in every category that we considered, and by some distance. Enterprise Holdings is a private company, and owns some famous rental car agencies including Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car. The fleet owned by Enterprise Holdings is more than 3 times that of second placed Avis Budget Group, showing how dominant and successful the company has been in the car rental company. Enterprise Holdings also has more than 9,500 branches currently, and has branched out into carsharing in addition to car rentals.
See also: 25 Most Expensive Cars in the world and 15 Biggest Vehicles In the World
