Commercial Vehicle Rental and Leasing Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Application Type (Enterprise Leasing and Personal Leasing), By Vehicle Type (Car, Light Truck, and Heavy/Medium Trucks), By Region & Competition. 2021-2031F
The Global Commercial Vehicle Rental and Leasing Market will grow from USD 113.29 Billion in 2025 to USD 172.03 Billion by 2031 at a 7.21% CAGR. Commercial vehicle rental and leasing involve the temporary or long-term provision of transport assets, such as trucks, vans, and trailers, to facilitate business logistics and supply chain operations.
Key Market Drivers
The expansion of the global e-commerce sector and last-mile delivery services acts as a primary catalyst for the Global Commercial Vehicle Rental and Leasing Market. As consumer purchasing behavior shifts toward online platforms, logistics providers and retailers require scalable fleet solutions to manage fluctuating freight volumes and meet expedited delivery schedules. This trend compels businesses to favor rental and leasing models over direct asset ownership, allowing them to rapidly adjust fleet size during peak seasons while shifting financial strategies from Capital Expenditure (CAPEX) to Operational Expenditure (OPEX).
Key Market Challenges
The escalating cost of vehicle acquisition, compounded by sustained high interest rates, presents a formidable barrier to the expansion of the Global Commercial Vehicle Rental and Leasing Market. When manufacturers increase asset prices to offset supply chain complexities and regulatory compliance costs, leasing companies are forced to pass these expenses onto clients through higher monthly premiums. This financial strain is significantly exacerbated by elevated borrowing costs, which inflate the total capital required to finance new fleets.
Key Market Trends
The integration of telematics and connected fleet management solutions is transforming the market from simple asset provision to a data-driven service model. Rental providers are increasingly embedding advanced connectivity into their fleets to offer real-time tracking, predictive maintenance, and driver behavior analysis, thereby reducing downtime and operational risks for clients. This shift allows businesses to optimize vehicle utilization and lower total costs without the burden of ownership, making connected rentals highly attractive for efficiency-focused logistics operators.
Key Market Players
In this report, the Global Commercial Vehicle Rental and Leasing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Commercial Vehicle Rental and Leasing Market, By Application Type:
Enterprise Leasing and Personal Leasing
Commercial Vehicle Rental and Leasing Market, By Vehicle Type:
Car
Light Truck
Heavy/Medium Trucks
Commercial Vehicle Rental and Leasing Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Commercial Vehicle Rental and Leasing Market.
Available Customizations:
Global Commercial Vehicle Rental and Leasing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Key Market Drivers
The expansion of the global e-commerce sector and last-mile delivery services acts as a primary catalyst for the Global Commercial Vehicle Rental and Leasing Market. As consumer purchasing behavior shifts toward online platforms, logistics providers and retailers require scalable fleet solutions to manage fluctuating freight volumes and meet expedited delivery schedules. This trend compels businesses to favor rental and leasing models over direct asset ownership, allowing them to rapidly adjust fleet size during peak seasons while shifting financial strategies from Capital Expenditure (CAPEX) to Operational Expenditure (OPEX).
Key Market Challenges
The escalating cost of vehicle acquisition, compounded by sustained high interest rates, presents a formidable barrier to the expansion of the Global Commercial Vehicle Rental and Leasing Market. When manufacturers increase asset prices to offset supply chain complexities and regulatory compliance costs, leasing companies are forced to pass these expenses onto clients through higher monthly premiums. This financial strain is significantly exacerbated by elevated borrowing costs, which inflate the total capital required to finance new fleets.
Key Market Trends
The integration of telematics and connected fleet management solutions is transforming the market from simple asset provision to a data-driven service model. Rental providers are increasingly embedding advanced connectivity into their fleets to offer real-time tracking, predictive maintenance, and driver behavior analysis, thereby reducing downtime and operational risks for clients. This shift allows businesses to optimize vehicle utilization and lower total costs without the burden of ownership, making connected rentals highly attractive for efficiency-focused logistics operators.
Key Market Players
- Avis Budget Group
- PACCAR Inc
- Penske Automotive Group, Inc.
- Ryder System, Inc
- Enterprise Holdings Inc.
- Hertz Global Holdings, Inc.
- Ayvens S.A.
- SIXT SE
- Localiza Rent a Car S.A
- Unidas Locadora de Veiculos S.A.
In this report, the Global Commercial Vehicle Rental and Leasing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Commercial Vehicle Rental and Leasing Market, By Application Type:
Enterprise Leasing and Personal Leasing
Commercial Vehicle Rental and Leasing Market, By Vehicle Type:
Car
Light Truck
Heavy/Medium Trucks
Commercial Vehicle Rental and Leasing Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Commercial Vehicle Rental and Leasing Market.
Available Customizations:
Global Commercial Vehicle Rental and Leasing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. VOICE OF CUSTOMER
5. GLOBAL COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Application Type (Enterprise Leasing and Personal Leasing)
5.2.2. By Vehicle Type (Car, Light Truck, and Heavy/Medium Trucks)
5.2.3. By Region
5.2.4. By Company (2025)
5.3. Market Map
6. NORTH AMERICA COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Application Type
6.2.2. By Vehicle Type
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Commercial Vehicle Rental and Leasing Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Application Type
6.3.1.2.2. By Vehicle Type
6.3.2. Canada Commercial Vehicle Rental and Leasing Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Application Type
6.3.2.2.2. By Vehicle Type
6.3.3. Mexico Commercial Vehicle Rental and Leasing Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Application Type
6.3.3.2.2. By Vehicle Type
7. EUROPE COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Application Type
7.2.2. By Vehicle Type
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Commercial Vehicle Rental and Leasing Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Application Type
7.3.1.2.2. By Vehicle Type
7.3.2. France Commercial Vehicle Rental and Leasing Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Application Type
7.3.2.2.2. By Vehicle Type
7.3.3. United Kingdom Commercial Vehicle Rental and Leasing Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Application Type
7.3.3.2.2. By Vehicle Type
7.3.4. Italy Commercial Vehicle Rental and Leasing Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Application Type
7.3.4.2.2. By Vehicle Type
7.3.5. Spain Commercial Vehicle Rental and Leasing Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Application Type
7.3.5.2.2. By Vehicle Type
8. ASIA PACIFIC COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Application Type
8.2.2. By Vehicle Type
8.2.3. By Country
8.3. Asia Pacific: Country Analysis
8.3.1. China Commercial Vehicle Rental and Leasing Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Application Type
8.3.1.2.2. By Vehicle Type
8.3.2. India Commercial Vehicle Rental and Leasing Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Application Type
8.3.2.2.2. By Vehicle Type
8.3.3. Japan Commercial Vehicle Rental and Leasing Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Application Type
8.3.3.2.2. By Vehicle Type
8.3.4. South Korea Commercial Vehicle Rental and Leasing Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Application Type
8.3.4.2.2. By Vehicle Type
8.3.5. Australia Commercial Vehicle Rental and Leasing Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Application Type
8.3.5.2.2. By Vehicle Type
9. MIDDLE EAST & AFRICA COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Application Type
9.2.2. By Vehicle Type
9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Commercial Vehicle Rental and Leasing Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Application Type
9.3.1.2.2. By Vehicle Type
9.3.2. UAE Commercial Vehicle Rental and Leasing Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Application Type
9.3.2.2.2. By Vehicle Type
9.3.3. South Africa Commercial Vehicle Rental and Leasing Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Application Type
9.3.3.2.2. By Vehicle Type
10. SOUTH AMERICA COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Application Type
10.2.2. By Vehicle Type
10.2.3. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Commercial Vehicle Rental and Leasing Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Application Type
10.3.1.2.2. By Vehicle Type
10.3.2. Colombia Commercial Vehicle Rental and Leasing Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Application Type
10.3.2.2.2. By Vehicle Type
10.3.3. Argentina Commercial Vehicle Rental and Leasing Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Application Type
10.3.3.2.2. By Vehicle Type
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. MARKET TRENDS & DEVELOPMENTS
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. GLOBAL COMMERCIAL VEHICLE RENTAL AND LEASING MARKET: SWOT ANALYSIS
14. PORTER'S FIVE FORCES ANALYSIS
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. COMPETITIVE LANDSCAPE
15.1. Avis Budget Group
15.1.1. Business Overview
15.1.2. Products & Services
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. SWOT Analysis
15.2. PACCAR Inc
15.3. Penske Automotive Group, Inc.
15.4. Ryder System, Inc
15.5. Enterprise Holdings Inc.
15.6. Hertz Global Holdings, Inc.
15.7. Ayvens S.A.
15.8. SIXT SE
15.9. Localiza Rent a Car S.A
15.10. Unidas Locadora de Veiculos S.A.
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. VOICE OF CUSTOMER
5. GLOBAL COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Application Type (Enterprise Leasing and Personal Leasing)
5.2.2. By Vehicle Type (Car, Light Truck, and Heavy/Medium Trucks)
5.2.3. By Region
5.2.4. By Company (2025)
5.3. Market Map
6. NORTH AMERICA COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Application Type
6.2.2. By Vehicle Type
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Commercial Vehicle Rental and Leasing Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Application Type
6.3.1.2.2. By Vehicle Type
6.3.2. Canada Commercial Vehicle Rental and Leasing Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Application Type
6.3.2.2.2. By Vehicle Type
6.3.3. Mexico Commercial Vehicle Rental and Leasing Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Application Type
6.3.3.2.2. By Vehicle Type
7. EUROPE COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Application Type
7.2.2. By Vehicle Type
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Commercial Vehicle Rental and Leasing Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Application Type
7.3.1.2.2. By Vehicle Type
7.3.2. France Commercial Vehicle Rental and Leasing Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Application Type
7.3.2.2.2. By Vehicle Type
7.3.3. United Kingdom Commercial Vehicle Rental and Leasing Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Application Type
7.3.3.2.2. By Vehicle Type
7.3.4. Italy Commercial Vehicle Rental and Leasing Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Application Type
7.3.4.2.2. By Vehicle Type
7.3.5. Spain Commercial Vehicle Rental and Leasing Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Application Type
7.3.5.2.2. By Vehicle Type
8. ASIA PACIFIC COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Application Type
8.2.2. By Vehicle Type
8.2.3. By Country
8.3. Asia Pacific: Country Analysis
8.3.1. China Commercial Vehicle Rental and Leasing Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Application Type
8.3.1.2.2. By Vehicle Type
8.3.2. India Commercial Vehicle Rental and Leasing Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Application Type
8.3.2.2.2. By Vehicle Type
8.3.3. Japan Commercial Vehicle Rental and Leasing Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Application Type
8.3.3.2.2. By Vehicle Type
8.3.4. South Korea Commercial Vehicle Rental and Leasing Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Application Type
8.3.4.2.2. By Vehicle Type
8.3.5. Australia Commercial Vehicle Rental and Leasing Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Application Type
8.3.5.2.2. By Vehicle Type
9. MIDDLE EAST & AFRICA COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Application Type
9.2.2. By Vehicle Type
9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Commercial Vehicle Rental and Leasing Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Application Type
9.3.1.2.2. By Vehicle Type
9.3.2. UAE Commercial Vehicle Rental and Leasing Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Application Type
9.3.2.2.2. By Vehicle Type
9.3.3. South Africa Commercial Vehicle Rental and Leasing Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Application Type
9.3.3.2.2. By Vehicle Type
10. SOUTH AMERICA COMMERCIAL VEHICLE RENTAL AND LEASING MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Application Type
10.2.2. By Vehicle Type
10.2.3. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Commercial Vehicle Rental and Leasing Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Application Type
10.3.1.2.2. By Vehicle Type
10.3.2. Colombia Commercial Vehicle Rental and Leasing Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Application Type
10.3.2.2.2. By Vehicle Type
10.3.3. Argentina Commercial Vehicle Rental and Leasing Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Application Type
10.3.3.2.2. By Vehicle Type
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. MARKET TRENDS & DEVELOPMENTS
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. GLOBAL COMMERCIAL VEHICLE RENTAL AND LEASING MARKET: SWOT ANALYSIS
14. PORTER'S FIVE FORCES ANALYSIS
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. COMPETITIVE LANDSCAPE
15.1. Avis Budget Group
15.1.1. Business Overview
15.1.2. Products & Services
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. SWOT Analysis
15.2. PACCAR Inc
15.3. Penske Automotive Group, Inc.
15.4. Ryder System, Inc
15.5. Enterprise Holdings Inc.
15.6. Hertz Global Holdings, Inc.
15.7. Ayvens S.A.
15.8. SIXT SE
15.9. Localiza Rent a Car S.A
15.10. Unidas Locadora de Veiculos S.A.
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
