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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 | Feb 2017

Driving forward: Rising tourism and high consumer confidence have supported growth

IBISWorld’s Car Rental & Leasing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

The Car Rental and Leasing industry has accelerated in recent years, as a result of several factors. 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, although the industry did struggle in 2012-13 due to the faltering economy. Revenue is estimated to grow at a relatively low rate of 3.6% in 2016-17, as stagnant global economic conditions and economic uncertainty stemming from the EU referendum are anticipated to weaken consumer and business confidence.

Industry revenue is estimated to rise at a compound annual rate of 3.4% over the five years through 2016-17 to reach £13.8 billion... 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 in recent years 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 6% over the 10 years through 2021-22. Although this is higher than compound annual GDP growth of 2.3% over the same period, industry value added started from a low base after successive years of revenue declines before and during the economic downturn.

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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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