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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

Due to the large number of cars and light vehicles required by firms operating in the industry, high capital requirements are a significant factor for the industry's cost structure. For every £1 they spend on capital, it is estimated that industry operators spend 22p on labour. This indicates that the industry is heavily reliant on capital and makes it highly susceptible to adverse economic conditions.

Successful renting and leasing companies need to have a fleet of vehicles that are relatively new and have travelled only a few kilometres. Therefore, vehicles need to be replaced fairly frequently, usually after three years. The residual value of rental cars is relatively low, which hinders industry profitability... 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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