SEARCH   
MEMBER LOGIN    

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 | Sep 2014

Driving forward: Economic acceleration and increased demand to fuel revenue growth

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
£11bn
Annual Growth 10-15
6.7%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
30,756
Businesses
3,004
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 - Starting a New Business Chapter

The barriers to entering this industry are moderate, although capital is needed to acquire vehicles. Until recently, low interest rates and a robust economy meant industry participants had relatively flexible funding options. However, with the onset of the UK recession and more stringent lending criteria, it has become more difficult for new firms to access credit for vehicle purchases.

It is cheaper for companies to acquire used vehicles than to buy new ones. However, to join the British Vehicle Rental and Leasing Association, which provides creditability and support to members, members must purchase new cars and replace them after 60,000 miles... 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.

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


View Sample
Quote
Select Clients