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Car Rental & Leasing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Car Rental & Leasing Market Research Report | SIC N77.110 | Oct 2015

On the road again: Growth has steadied in recent years after a volatile start to the period

IBISWorld’s Car Rental & Leasing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
LeasePlan Corporation N.V. LeasePlan Corporation N.V. market share
Lex Autolease Limited Lex Autolease Limited market share
Industry Statistics & Market Size
Revenue
£12bn
Annual Growth 11-16
2.3%
Annual Growth 16-21
Purchase to read more
Profit
Purchase to read more
Employment
32,416
Businesses
3,137
Industry Analysis & Industry Trends

The Car Rental and Leasing industry struggled prior to and during the economy downturn. However a number of factors have helped industry growth surge in subsequent years. Since 2010-11 improving economic conditions have led to rising demand from businesses for vehicle leasing and from tourists for car rentals. This has driven revenue above pre-recessionary levels, although the industry did struggle once more in 2012-13 as the economy faltered. Although economic conditions are now more buoyant, revenue growth is expected to be a modest 2.9% in 2015-16. This is only expected to be a short-term slowdown, brought on by lulls in tourism and business confidence due to economic unrest in Europe and China.

Industry revenue is estimated to rise at a compound annual rate of 2.3%... purchase to read more

Industry Report - Industry Analysis Chapter

The Car Rental and Leasing industry has expanded over the past five years, although a degree of volatility has been evident. Prior to 2010-11, the industry suffered due to major declines in demand and intense pricing competition. Demand was propelled by rampant growth in business confidence, tourism and government capital expenditure in line with improving economic conditions. This led to buoyant growth in 2011-12. However revenue once again declined in 2012-13 as the economy wavered. Industry revenue is expected to grow at a compound annual rate of 2.3% over the five years through 2015-16 to total £11.7 billion.

Revenue has grown more slowly recently and is expected to climb by 2.9% in the current year... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Car Rental & Leasing Industry?

Firms in this industry rent cars and small commercial vehicles to private users and businesses on a short-term basis. Customers can also lease cars and other vehicles from the industry on a long-term basis, usually from one to seven years, with the option to purchase the vehicle at the end of the leasing period. The industry does not include renting or leasing a vehicle with a driver.

Industry Products
Car rentalCar leasingOther light vehicle rentalOther light vehicle leasing
 
Industry Activities
Renting carsLeasing carsRenting small commercial vehiclesLeasing small commercial vehicles


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