Market Share of Philippines Car Rental Industry
Key players dominate the Philippines car rental market, such as Thrifty Car Rental, Enterprise Rent A Car LLC, and Europcar. To maintain an edge over their competitors, these leading rental companies are seeking funding to meet the market's growing demands. For instance,
- In March 2023, BPI Century Tokyo Lease and Finance Corp (BPICT), through its subsidiary BPI Century Tokyo Rental Corp (BPICTR), acquired one of the largest car rental companies in the Philippines, Diamond Rent-a-Car. Through this acquisition, the company improved BPICTR's core business by adding car rental, maintenance and repair, fleet management BPO, and 24-hour service to meet diverse demand and enhance service quality.
- In May 2022, Grab and Hertz PH partnered to launch "Rent by Grab," a rental service accessible via the Grab app. The service delivers a wide range of vehicles and 24/7 booking availability. It is currently available in several areas within Metro Manila.
Philippines Car Rental Market Leaders
Enterprise Holdings, Inc.
Avis Rent A Car LLC
Thrifty Car Rental
Europcar Mobility Group
LXV Cars LLC
*Disclaimer: Major Players sorted in no particular order
