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 | Feb 2016

Getting up to speed: Robust demand from businesses keeps revenue growth relatively stable

IBISWorld’s Car Rental & Leasing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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
Annual Growth 11-16
Annual Growth 16-21
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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 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 from 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 5.5% over the five years through 2015-16 to total £13.6 billion.

Revenue has increased strongly in recent years, although growth is expected to slow to 3.5% 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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