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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 | May 2016

Bumpy ride: After a period of volatility, the industry has entered a period of sustained growth

The Car Rental & Leasing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
£14bn
Annual Growth 12-17
4.1%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
33,897
Businesses
3,042
Industry Analysis & Industry Trends

The Car Rental and Leasing industry struggled during the economic downturn. However, a number of factors have driven acceleration in industry growth more recently. Since 2013-14 improving economic conditions have prompted rising demand from businesses for vehicle leasing and from tourists for car rentals. This has driven strong revenue growth over much of the past five years, although the industry did struggle in 2012-13 as the economy faltered. Revenue is estimated to grow at a more modest rate of 3.6% in 2016-17, as stagnant global economic conditions are anticipated to weaken business confidence and tourism levels.

Industry revenue is estimated to rise at a compound annual rate of 4.1% over the five years through 2016-17 to £14.2 billion... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Car Rental and Leasing industry has a low level of concentration because many firms are small or medium-sized. IBISWorld expects the top four firms to account for 23.1% of industry revenue in 2016-17. The expansion of the industry's larger firms has increased industry concentration over the past five years.

There has been some merger and acquisition activity during the past five years. Major mergers include the Lex and Lloyds TSB Autolease merger in 2009. Enterprise Rent-A-Car acquired commercial vehicle rental firm Burnt Tree in 2014 and City Car Club in 2015. There have also been many smaller mergers between single-operation firms. However, this has had little influence on the industry's concentration level because so many small firms operate in the industry... 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. The industry does not include renting or leasing a vehicle with a driver.

Industry Products
Car rentalCar leasingOther light vehicle rentingOther light vehicle leasing
 
Industry Activities
Renting carsLeasing carsRenting small commercial vehiclesLeasing small commercial vehicles


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