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 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 3.6% over the 10 years through 2020-21. This is slightly higher than compound annual GDP growth of 2.1% over the same period. However, industry value added has started from a low base after successive years of revenue declines before and during the economic downturn... purchase to read more