Market Share of Singapore Car Rental Industry
The Singapore car rental industry includes international companies such as Avis-Budget, Sixt, and Hertz, as well as local companies such as Ride Now, and Motorist. International car rental companies charge 50% more than local car rental companies such as Sixt, RideNow, Motorist.sg, and Aka. International car rental companies, on the other hand, typically have a larger selection of luxury and imported cars than local car rental companies. The players are engaging in partnerships with foreign players to launch car rental services in singapore. For instance,
- In January 2021, Tribecar, a Singapore-based car-rental platform, announced a partnership with NTUC Income and CARRO on Tuesday to provide next-generation smart city insurance for cars in their "Super Economy" category. The alliance aims to provide apparent motor insurance coverage through a usage-based proposition, which was first piloted in Singapore, where motor insurance is no longer based on a fixed cost but is tied to smart data from the vehicle, such as mileage, location, and timing consumption.
Singapore Car Rental Market Leaders
SIXT SE
Avis Budget Group
Drive Sg
Europcar Mobility Group
Hertz Corporation
*Disclaimer: Major Players sorted in no particular order
