Market Share of Thailand Car Rental Industry
The market for renting cars in Thailand is quite fragmented because of the large number of businesses there. In Thailand, there are a small number of smaller small vehicle rental companies with less than 20 fleets in addition to the nearly organised car rental organisations, which include both domestic and international participants. These businesses are pitted against one another based on characteristics like price per day, commercial and retail clients, down payment, fleet type, maximum rental length, and others. Thai Rent A Car, Avis, Hertz, Sixt, Budget, Europcar, Chic Car Rent, and other major companies are the market's top competitors.
New players are emerging by partnering major players owing to huge market potential. For instance,
- In January 2021, Drivehub, a Thai-based online rental car startup, reported that it has raised a seven-figure tranche of funds. a funding round that was overseen by KK Fund, CAC Capital, and Toyota Tsusho. The start-platform up's provides a range of service tiers, including the ability to hire a car using a credit card from well-known worldwide firms like Hertz, Dollar, and Sixt, among others. Users of Drivehub have the option of paying cash when hiring automobiles from nearby companies.
Thailand Car Rentals Market Leaders
Sixt SE
Avis Budget Group
Thai Rent A Car
Europcar Mobility Group
Hertz Corporation
*Disclaimer: Major Players sorted in no particular order
