South East Asia Tourism Vehicle Rental Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 8.09 Billion |
| Market Size (2030) | USD 14.77 Billion |
| CAGR (2025 - 2030) | 12.80% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
South East Asia Tourism Vehicle Rental Market Analysis
The South East Asia Tourism Vehicle Rental Market size is estimated at USD 8.09 billion in 2025, and is expected to reach USD 14.77 billion by 2030, at a CAGR of 12.8% during the forecast period (2025-2030).
In recent years, buses, trains, and planes have been the primary choices for public transportation among residents and tourists alike. However, as urban centers grapple with escalating traffic congestion and an influx of tourists, there's a pronounced shift toward seeking alternative transportation methods.
Thailand's consistent uptick in tourist arrivals has paved the way for many promising business opportunities in the market. With its rich history, vibrant culture, and breathtaking natural landscapes, Thailand has firmly established itself as a premier global tourist hotspot.
The rise of online platforms has significantly reduced vehicle rental costs. As a result, more individuals are renting cars for their journeys, moving away from traditional taxis and public transport. The convenience and affordability of online car rentals have made them the preferred choice for many travelers.
South East Asia Tourism Vehicle Rental Market Trends
Short-Term Rental Hold Major Market Share
Short-term car rentals, allowing users to rent vehicles for durations from a few hours to several weeks, are gaining traction nationwide, primarily due to their cost-effectiveness compared to long-term rentals.
As a convenient alternative to long-term ownership, short-term vehicle rentals are on the rise. To capitalize on this trend, car rental companies are enhancing their competitiveness by diversifying their offerings, increasing flexibility, and introducing subscription-based services.
Smartphone applications have transformed the landscape of short-term vehicle rentals. With these apps, users can rent cars for brief periods, often in 30-minute or 1-hour increments. Moreover, these platforms facilitate the collection and return of vehicles at various prearranged locations, significantly boosting user convenience.
Every step of the rental process, from vehicle selection to payment completion, can be executed seamlessly via the smartphone app, eliminating the need for in-person interactions.
The rising interest in electric vehicles (EVs) within the car rental sector presents a lucrative opportunity for providers to introduce short-term EV rentals, a trend poised to drive market growth in the near future.
In response to customer demand, numerous car rental companies are delving into vehicle subscription models. Notably, there's a pronounced preference for in-city travel over outstation trips, with a strong focus on shorter-term subscriptions.
Recently, the automotive sector has seen a surge in short-term models, particularly the subscription-based approach, lauded for its flexibility and cost-effectiveness.
This subscription model enables customers to rent a vehicle for a few days to weeks at a predetermined price, offering a practical solution for those seeking temporary access without the financial burden of ownership.
Given these regional developments, the demand for short-term vehicle rental services is poised for growth in the coming years.
Thailand Hold Major Market Share
Thailand stands out as a premier tourist destination, drawing visitors from around the globe to its enchanting attractions. With a wealth of experiences on offer, tourists have a wide array of transportation options at their disposal.
These options encompass major airlines linking key cities, efficient airport shuttles, bus and coach rentals, opulent limousine services with seasoned drivers, car rentals, a comprehensive railway system, boat and yacht charters, adventurous motorcycle and scooter rentals, cycling opportunities, and numerous other modes tailored to every traveler's preference.
As a result of this thriving tourism, Thailand's hospitality sector, encompassing hotels, restaurants, and transport services, has seen a notable uptick in demand. Given the momentum, the tourism sector's growth trajectory seems poised to continue, presenting ample business opportunities for market players. For instance,
As per the Ministry of Tourism and Sports of Thailand, the nation welcomed over 28 million international tourists in 2023 alone. This robust influx underscores Thailand's allure as a premier travel hub, showcasing its rich tapestry of attractions catering to a global audience.
The Tourism Authority of Thailand (TAT) is spearheading efforts to rejuvenate the nation's tourism landscape, prioritizing sustainable and inclusive growth for all stakeholders. Their vision is to elevate the tourist experience, spotlight Thailand's rich cultural and natural heritage, and cement its status as a top-tier global tourism destination.
Given the recent developments in the country, the tourism vehicle rental market is poised for substantial growth in the coming years.
South East Asia Tourism Vehicle Rental Industry Overview
Key players such as Sixt SE, Hertz Corporation, Avis Mobility Group, Europcar, and others dominate the South East Asia Tourism Vehicle Rental Market. As international tourist arrivals in the region surge, rental service providers are increasingly incentivized to expand their offerings and operations across multiple key countries. For instance,
In July 2024, Lotte Rental Co. entered Vietnam's individual long-term car rental market. To strengthen its B2C long-term rental car business, the company strategically partnered with prominent local automobile dealerships in the region.
In June 2023, Toyota Philippines introduced Toyota RentαCar, a user-friendly car rental service catering to both short-term and long-term needs, emphasizing affordability and reliability.
South East Asia Tourism Vehicle Rental Market Leaders
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Hertz Corporation
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Europcar Mobility Group
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Avis Budget Group
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Zoomcar Ltd
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SOCAR Mobility Malaysia Sdn. Bhd.
- *Disclaimer: Major Players sorted in no particular order
South East Asia Tourism Vehicle Rental Market News
- January 2024: Grab introduced a new car rental scheme in Indonesia that provides drivers with a unique opportunity to work towards owning a car while enjoying maximum flexibility in their rental arrangements.
- February 2024: Enterprise Mobility extended its rental services in Thailand. The company has now established its presence at nine different locations across the country, including all major international airports, through a partnership with Thai Rent a Car.
South East Asia Tourism Vehicle Rental Industry Segmentation
A tourist rental vehicle is a motorized vehicle designed to provide temporary accommodation for sleeping, living, and eating for individuals on a rental basis while they are traveling for tourism or leisure purposes, generally for a few hours to a few weeks.
South East Asia Tourism Vehicle Rental Market is segmented by vehicle type, booking type, rental duration, driving type, and country. By Vehicle Type, the market is segmented into Passenger Cars (Hatchback, Sedan, Sports Utility Vehicles, and Multi-Purpose Vehicles) and Commercial Vehicles. By Booking Type, the market is segmented into Online Booking and Offline Booking. By Rental Duration, the market is segmented into Short-Term Rental and Long-Term Rental. By Driving Type, the market is segmented into Self-Driven and Chauffeur-Driven. By Country, the market is segmented into Indonesia, Thailand, Vietnam, Singapore, Philippines, Malaysia, and Other Countries. For each segment, the market sizing and forecast have been done based on the value (USD).
| By Vehicle Type | Passenger Car | Hatchback |
| Sedan | ||
| Sport Utility Vehicles | ||
| Multi-Purpose Vehicles | ||
| Commercial Vehicles | ||
| By Booking Type | Online Booking | |
| Offline Booking | ||
| By Rental Duration | Short-Term Rental | |
| Long-Term Rental | ||
| By Driving Type | Self-Driven | |
| Chauffeur-Driven | ||
| By Country | Indonesia | |
| Thailand | ||
| Vietnam | ||
| Singapore | ||
| Philippines | ||
| Malaysia | ||
| Other Countries |
| Passenger Car | Hatchback |
| Sedan | |
| Sport Utility Vehicles | |
| Multi-Purpose Vehicles | |
| Commercial Vehicles |
| Online Booking |
| Offline Booking |
| Short-Term Rental |
| Long-Term Rental |
| Self-Driven |
| Chauffeur-Driven |
| Indonesia |
| Thailand |
| Vietnam |
| Singapore |
| Philippines |
| Malaysia |
| Other Countries |
South East Asia Tourism Vehicle Rental Market Research Faqs
How big is the South East Asia Tourism Vehicle Rental Market?
The South East Asia Tourism Vehicle Rental Market size is expected to reach USD 8.09 billion in 2025 and grow at a CAGR of 12.80% to reach USD 14.77 billion by 2030.
What is the current South East Asia Tourism Vehicle Rental Market size?
In 2025, the South East Asia Tourism Vehicle Rental Market size is expected to reach USD 8.09 billion.
Who are the key players in South East Asia Tourism Vehicle Rental Market?
Hertz Corporation, Europcar Mobility Group, Avis Budget Group, Zoomcar Ltd and SOCAR Mobility Malaysia Sdn. Bhd. are the major companies operating in the South East Asia Tourism Vehicle Rental Market.
What years does this South East Asia Tourism Vehicle Rental Market cover, and what was the market size in 2024?
In 2024, the South East Asia Tourism Vehicle Rental Market size was estimated at USD 7.05 billion. The report covers the South East Asia Tourism Vehicle Rental Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South East Asia Tourism Vehicle Rental Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
South East Asia Tourism Vehicle Rental Industry Report
Statistics for the 2025 South East Asia Tourism Vehicle Rental market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South East Asia Tourism Vehicle Rental analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
