Inbound interests: Rising international tourist numbers have industry driven revenue growth

The Motor Vehicle Rental and Leasing industry has benefited from a significant increase in the number of international tourists over the past five years. Furthermore, relatively high business confidence for much of the period has supported expansion plans for many businesses, boosting demand from commercial clients for both rental and leasing services. Falling fuel prices in the early part of the period increased car usage and demand for both rental and leasing firms. Overall, industry revenue is forecast to increase at a compound annual rate of 12.7% to reach €1.2 billion over the five years through 2019. This includes estimated growth of 11.3% in the current year.The majority of industry operators offer short-term rentals to domestic and foreign more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • High international tourist rates and low fuel prices early in the period supported demand
  • Intensifying competition in the rental segment of the industry has put pressure on margins
  • Campaigns by Tourism Ireland are expected to increase tourist numbers and support demand
  • Industry Report - Industry Locations Chapter

    Rental companies tend to be located in close proximity to airports. Some industry operators form long-term relationships with airlines to provide vehicle hire services to tourists. Dublin is the most popular destination for international tourists, which encourages firms to establish operations near Dublin airport. According to figures from Tourism Ireland, 68% of holidays in Ireland in 2017 were made in Dublin. As a result, Dublin is estimated to account for 40% of industry establishments in the current year. A significant number of leasing companies are located in Dublin, as the region accounts for a higher share of the population. Business activity is also high in the region, which supports demand from commercial firms. The...purchase to read more.

    Additional Insights for the Motor Vehicle Rental and Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Motor Vehicle Rental and Leasing Industry are

  • Prompt delivery to markets
  • Ability to accommodate environmental requirements
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as International tourist numbers and Business sentiment index in the Motor Vehicle Rental and Leasing industry impact industry performance..

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    What's in this report

    What is the Motor Vehicle Rental and Leasing in Ireland Industry?

    Firms in the industry lease and rent out cars and small commercial vehicles to private customers and businesses on a short-term basis. Customers can also lease vehicles on a long-term basis.

    Industry Products
  • Car rental
  • Car leasing
  • Leasing and rental of light commercial vehicles
  • Industry Activities
  • Renting cars
  • Leasing cars
  • Renting light commercial vehicles
  • Leasing light commercial vehicles
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • International tourist numbers
  • Business sentiment index
  • Fuel prices
  • Demand from motor vehicle dealers
  • Number of businesses

  • Current Performance
    Revenue accelerationMargin slowdown
  • Chart: Revenue Growth

  • Industry Outlook
    Inbound revenueMargins under pressure
  • Table: Motor Vehicle Rental and Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Rental and Leasing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Restaurants and Takeaways in Ireland
  • Consumers in Ireland

  • Key Selling Industries
  • Motor Vehicle Dealers in Ireland
  • Motor Vehicle Maintenance & Repair in Ireland
  • Motor Vehicle Manufacturing in Ireland
  • Motor Vehicle Parts Wholesaling in Ireland

  • Products & Services
  • Car rental
  • Car leasing
  • Leasing and rental of light commercial vehicles
  • Chart: Motor Vehicle Rental and Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • International tourists
  • Commercial clients
  • Private individuals
  • Other users and domestic tourism
  • Chart: Major Market Segmentation for the Motor Vehicle Rental and Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Wages
  • Purchases
  • Profit
  • Depreciation
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Rental and Leasing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Rental and Leasing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Rental and Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Motor Vehicle Rental and Leasing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Collision Damage Waiver (Cdw)
  • All prices quoted must include a CDW insurance as standard.
  • Contract Hire
  • A rental or lease agreement for a vehicle.
  • Lease Agreement
  • A contract between a lessor and a lessee for a period of time.
  • Light Commercial Vehicle
  • A vehicle that weighs less than 3.5 tonnes.
  • What Our Customers Say

    Why buy this report?

    The Motor Vehicle Rental and Leasing in Ireland 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.

    IBISWorld industry market research reports enable you to:
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    This report on Motor Vehicle Rental and Leasing in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Motor Vehicle Rental and Leasing in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Motor Vehicle Rental and Leasing in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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