Car Rental & Leasing in the UK: Market Research Report

City Inter Rent specialises in the rental and leasing of luxury vehicles meant to facilitate travel in a busy, fast-paced world.

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Industry Statistics & Market Size

  • Car rental & lease industry boasts of impressive £11BN revenue.
  • Annual growth in car rental and leasing increased by 6.7% between 2010 and 2015.
  • The car rental & lease industry employs 30,756 people.
  • Throughout the UK 3000+ businesses are involved in the car rental and lease business.
  • The car rental and lease industry’s revenue increased following the 2009-2010 economic downturn.
  • Industry downturn was related to declining tourist numbers and weaker corporate leasing demands.
  • Since 2011, a strong demand has brought industry back to pre-recessionary levels.
  • From 2014-2015 industry revenue is expected to grow by 3.9%.
  • 30,756 people are employed in the industry throughout 3000+ businesses.
  • Fewer tourists and lower leasing demand from corporations contributed to the 2009-2010 trough.
  • Currently the industry has returned to above pre-recessionary values.
  • Increase in tourism, both domestic and international, attributed to growth in industry.
  • Industry to increase at a compound annual rate of 5.6% through 2019-2020.
  • Industry rate increase of 5.6% compared to 2.2% compound annual GDP.
  • Expected industry rate increase to be 3.4% higher than compound annual GDP over the next 10 years.
  • Increased capital investment in cars and ambitious pricing are indicative of the industry upswing.
  • Lowest industry numbers occurred in 2009/2010.
  • Industry experienced a slight downturn in 2012/2013.
  • Increased economic growth means industry growth.
  • Car rental & lease industry currently in mature phase of life cycle.
  • Mature phase in industry life cycle means continued reduction in costs.
  • Sales volume to peak in the coming years.
  • Innovation key in maintaining sales volume during this stage.
  • Industry revenue continues to increase following the 2009-2010 economic slump.
  • Despite continued industry growth, the peak may not be as high due to the market starting from a lower point.
  • Business car rentals are a prime reason why the industry has increased in size since 2010.
  • Industry leaders are confident as 2015 winds down and look forward to continued profits over the next 5 years.
  • It’s a great time to enter the car rental & lease industry as all signs point to positive growth over the next 5 years.
  • The stagnant UK economy in 2009/2010 had a negative ripple effect on the car rental and lease industry.
  • As the UK economy continues to grow the car rental & lease industry is sure to follow.