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Car Rental in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON53211CA

Car Rental in Ontario industry analysis

Revenue for the Car Rental industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x,xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x,xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Car Rental in Ontario Market Research Report

What’s Included in the Car Rental in Ontario Market Research Report

Definition of the Car Rental in Ontario?

Operators in the Car Rental industry in Canada rent and lease passenger cars without drivers, which are often used for short periods of time. Car rental agencies provide hearses, limousines and passenger cars, including automobiles, minivans and sport-utility vehicles (SUVs). Car rentals typically last 30 days or fewer, while leasing agreements typically last 12 months or longer. The industry excludes the rental or leasing of cars with drivers.

What’s included in the Car Rental in Ontario?

The Car Rental in Ontario includes airport rental services, off-airport rental services and leasing services. Related terms covered in the Car Rental in Ontario industry report includes the segment for car rental services at or near airports, which is made up almost entirely of air travellers and is historically the industry's primary market, a very short term car rental where customers pay an annual fee plus hourly rental rate to rent cars from specified locations in participating cities, an agreement between car rental companies and airports specifying how many counters a rental company can operate at an airport, the segment of car rental services away from airports, usually in cities, suburbs or rural areas, which includes car sharing and insurance replacements and the value that car rental companies receive when they sell a rental car back to a car manufacturer or a car wholesaler.

Industry Performance of the Car Rental industry in Ontario

Benchmark the Car Rental in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Car Rental in Ontario

#1 in Highest Revenue 45.7% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Car Rental in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Car Rental industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, inbound international travel, per capita disposable income and corporate profit are impacting Car Rental in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Inbound international travel
Per capita disposable income
Corporate profit

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Car Rental industry in Ontario

Access proprietary data on Census Metropolitan Area in the Car Rental in Ontario, such as Toronto, Ottawa - Gatineau and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Car Rental industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Car Rental industry in Ontario in 2025?

The market size of the Car Rental industry in Ontario is $2.8bn in 2025.

How many businesses are there in the Car Rental industry in Ontario in 2025?

There are 1,269 businesses in the Car Rental industry in Ontario, which has been growing at an average annual rate of 0.8% from 2020 to 2025.

Has the Car Rental industry in Ontario grown or declined over the past 5 years?

The market size of the Car Rental industry in Ontario has been growing at an average annual rate of 5.6% from 2020 to 2025.

How many employees in the Car Rental industry in Ontario in 2025?

There are 5,504 employees in the Car Rental industry in Ontario, which has been growing at an average annual rate of 1.1% from 2020 to 2025.