Industry Analysis & Industry Trends
The Car Rental and Leasing industry struggled prior to and during the economic downturn. However, a number of factors have driven an acceleration in industry growth in subsequent years. Since 2010-11 improving economic conditions have prompted rising demand from businesses for vehicle leasing and from tourists for car rentals. This has driven strong revenue growth over much of the past five years, although the industry did struggle in 2012-13 as the economy faltered. Revenue is estimated to grow at a more modest rate of 3.5% in 2015-16, as stagnant global economic conditions are anticipated to weaken business confidence and tourism levels, while growth in the real effective exchange rate impedes growth.
Industry revenue is estimated to rise at a compound annual rate of 5.5%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Car Rental and Leasing industry is expected to be in the mature phase of its life cycle. Higher international and domestic tourist numbers, as well as increased investment in vehicles and competitive prices have driven industry revenue since the economic downturn and are expected to help the industry grow at a similar rate to the overall economy over the coming years. Industry value added is forecast to increase at a compound annual rate of 6.9% over the 10 years through 2020-21. Although this is higher than compound annual GDP growth of 2.1% over the same period, industry value added started from a low base after successive years of revenue declines before and during the economic downturn... purchase to read more