Article -> Article Details
| Title | Russia Car Rental Market: Industry Overview, & Business Travel , and Long-Term Forecast, 2025–2033 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Russia car rental market |
| Owner | Neeraj kumar |
| Description | |
| Market Overview The Russia car rental market size was valued at USD 2.05 Billion in 2024 and is forecasted to reach USD 4.72 Billion by 2033, growing at a CAGR of 9.22% during 2025-2033. Growth is driven by rising domestic and international tourism, increased business travel, digital booking platform adoption, popularity of short-term and subscription rentals, demand for electric and hybrid vehicles, and government infrastructure investments. This market offers flexible, affordable, and technology-driven rental solutions to a diverse consumer base. Study Assumption Years
Russia Car Rental Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/russia-car-rental-market/requestsample Market Growth Factors The Russia car rental market is growing because of an increase in the number of both foreign and domestic tourist visits. The number of foreign tourist visits to Russia is expected to be around 2.5 million by the end of 2024, which is a 95% increase from 2023. The number of domestic visits from January to September 2024 was 65.5 million, which is an 11% increase from the previous year. The government's efforts to increase subsidized travel programs and improve infrastructure also add to the growth potential of the market. Business travel and corporate leasing are key growth drivers. Russia's major economic centers like Moscow, St. Petersburg, Yekaterinburg, and Novosibirsk serve as corporate hubs where companies prefer long-term vehicle rentals over ownership. Corporate leasing reduces operational expenses while granting access to advanced models with safety and technology features. Leasing also supports companies by eliminating maintenance and depreciation burdens. Digitalization fosters market growth by transforming customer booking experiences. Smartphone sales rose by 24% in the first half of 2024, boosting mobile and online rental bookings. Car rental firms have launched mobile apps that facilitate vehicle browsing, price comparisons, booking, and digital payments. Contactless services and real-time availability trackers have made rentals smooth, appealing especially to younger and international customers seeking convenient solutions. Request Customization: https://www.imarcgroup.com/request?type=report&id=25171&flag=E Market Segmentation Analysis by Booking Type:
Analysis by Rental Length:
Analysis by Vehicle Type:
Analysis by Application:
Analysis by End User:
Regional Insights The Central District, encompassing Moscow and nearby areas, is the most lucrative region in Russia's car rental market. It benefits from high business activity, tourism, and dense urban mobility needs. Moscow attracts strong demand for luxury, executive, economy, and SUV rentals among business travelers, diplomats, and domestic tourists. The road network and population density support year-round demand, with peaks during business events and conferences. Recent Developments & News In December 2024, RentMotors expanded its rental locations, including Moscow, offering a broad fleet from economy to premium vehicles with flexible rental terms and international travel options. In February 2024, Delimobil held an IPO on the Moscow Exchange, raising 4.2 billion rubles, becoming Russia's first publicly traded carsharing company with over 18,000 vehicles and 7.1 million members. RexRent, previously Avis/Budget, expanded its fleet by 14% in January 2024 to 1,648 vehicles and planned to introduce Chinese hybrid cars, highlighting a focus on sustainability. Key Players
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