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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 | Apr 2014

Motoring along: The industry is heading in the right direction after a recessionary blip

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
Revenue
£13bn
Annual Growth 10-15
9.0%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
34,556
Businesses
3,004
Industry Analysis & Industry Trends

The Car Rental and Leasing industry struggled as the UK economy floundered in the 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. Revenue is expected to grow by a further 2.1% in 2014-15... 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
Car rentingCar leasingSmall commercial vehicle rentingSmall commercial vehicle leasing


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