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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Industry Products Chapter

Car leasing

Car leasing is the largest industry segment and is estimated to account for 43.8% of industry revenue. Operational leasing agreements provide firms with long-term vehicle hire, typically for a period of two to four years. Payments are usually made on a monthly basis. Leasing agreements typically have an agreed annual mileage limit. Leasing is popular for businesses that operate a sizeable fleet of vehicles as it allows the company to acquire vehicles without significant capital outlay. The lessee does not need to worry about the depreciating value of their fleet and, when the contract is up, can just return the car and select a new model.

This segment has remained relatively stable as a proportion of industry revenue over the past few years... 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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