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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

The Car Rental and Leasing industry has expanded over the past five years. The industry faced a difficult operating environment immediately after the financial crisis due to some major declines in international tourist numbers, poor business confidence and intense pricing competition. However, revenue surged over the three years through 2012-13 as demand for the industry increased sharply. Over the five years through 2014-15 revenue is expected to grow at a compound annual rate of 9%, taking revenue to an estimated total of £12.7 billion. The low base that the five-year period started from is the key reason for the rapid growth rate.

Revenue was low at the beginning of the five-year period after the onset of the financial crisis... 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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