Industry Analysis & Industry Trends
The Car Rental and Leasing industry struggled as the UK economy floundered in the two years through 2009-10, but responded with a surge in subsequent years. Revenue reached a trough in 2009-10 after the industry was forced to deal with declining international tourist numbers and weaker corporate leasing demand in some years. These factors contributed to lower vehicle leasing and rental levels and therefore exerted downward pressure on industry revenue and profitability. However, since 2010-11 strong demand from businesses for vehicle leasing and growing demand from tourists has driven revenue back up above pre-recessionary levels, although the industry did struggle once more in 2012-13 as the economy faltered. A more buoyant economy is expected to drive industry revenue growth of 3.5%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Car Rental and Leasing industry has a low level of concentration because many firms are small or medium-sized. IBISWorld expects the top four firms to account for 23.9% of industry revenue in 2014-15. The expansion of the industry's larger firms has increased industry concentration over the past five years.
There has been some merger and acquisition activity during the past five years. Major mergers include the Lex and Lloyds TSB Autolease merger in 2009. There have also been many smaller mergers between single-operation firms. However, this has had little influence on the industry's concentration level because so many small firms operate in the industry... purchase to read more