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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 | Sep 2014

Driving forward: Economic acceleration and increased demand to fuel revenue growth

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
£11bn
Annual Growth 10-15
6.7%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
30,756
Businesses
3,004
Industry Analysis & Industry Trends

The Car Rental and Leasing industry struggled as the UK economy floundered in the two 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, although the industry did struggle once more in 2012-13 as the economy faltered. A more buoyant economy is expected to drive industry revenue growth of 3.5%... 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 worst of 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 5.6% over the 10 years through 2019-20. This is substantially 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

 


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
Renting carsLeasing carsRenting small commercial vehiclesLeasing small commercial vehicles


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