United Kingdom (UK) Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value includes car rentals for business, leisure purposes, and insurance replacement. Market volumes represent the size of the rental car fleet (absolute unit) within the respective countries. The calculation excludes leasing and long-term rentals. Taxis/cabs or other passenger vehicles driven by drivers are excluded from the calculation. Distribution channels are divided into airport and non-airport locations, with a focus on leisure and business segments. Other distribution channel represents the value of the fleet rented for insurance purpose.
- The UK car rentals market had total revenues of $2.5 billion in 2022, representing a negative compound annual growth rate (CAGR) of 4.2% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 4.4% between 2017 and 2022, to reach a total of 222,272.0 cars in 2022.
- According to GlobalData, in 2022, the capital investment in travel and tourism in the UK reached $29.9 billion, an increase of 7.3% from 2021.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the car rental market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in the United Kingdom
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom car rental market with five year forecasts
- What was the size of the United Kingdom car rental market by value in 2022?
- What will be the size of the United Kingdom car rental market in 2027?
- What factors are affecting the strength of competition in the United Kingdom car rental market?
- How has the market performed over the last five years?
- How large is the United Kingdom’s car rental market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the latest developments of the leading players?
- 8 Company Profiles
- 8.1. Europcar Mobility Group SA
- 8.2. Avis Budget Group Inc
- 8.3. Sixt SE
- 8.4. Enterprise Holdings Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United Kingdom car rental market value: $ billion, 2017–22
- Table 2: United Kingdom car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: United Kingdom car rental market category segmentation: % share, by value, 2017–2022
- Table 4: United Kingdom car rental market category segmentation: $ billion, 2017-2022
- Table 5: United Kingdom car rental market geography segmentation: $ billion, 2022
- Table 6: United Kingdom car rental market value forecast: $ billion, 2022–27
- Table 7: United Kingdom car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Table 8: Europcar Mobility Group SA: key facts
- Table 9: Europcar Mobility Group SA: Key Employees
- Table 10: Avis Budget Group Inc: key facts
- Table 11: Avis Budget Group Inc: Annual Financial Ratios
- Table 12: Avis Budget Group Inc: Key Employees
- Table 13: Sixt SE: key facts
- Table 14: Sixt SE: Annual Financial Ratios
- Table 15: Sixt SE: Key Employees
- Table 16: Enterprise Holdings Inc: key facts
- Table 17: Enterprise Holdings Inc: Key Employees
- Table 18: United Kingdom size of population (million), 2018–22
- Table 19: United Kingdom gdp (constant 2005 prices, $ billion), 2018–22
- Table 20: United Kingdom gdp (current prices, $ billion), 2018–22
- Table 21: United Kingdom inflation, 2018–22
- Table 22: United Kingdom consumer price index (absolute), 2018–22
- Table 23: United Kingdom exchange rate, 2018–22
- List of Figures
- Figure 1: United Kingdom car rental market value: $ billion, 2017–22
- Figure 2: United Kingdom car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: United Kingdom car rental market category segmentation: $ billion, 2017-2022
- Figure 4: United Kingdom car rental market geography segmentation: % share, by value, 2022
- Figure 5: United Kingdom car rental market value forecast: $ billion, 2022–27
- Figure 6: United Kingdom car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in the United Kingdom, 2022
- Figure 8: Drivers of buyer power in the car rental market in the United Kingdom, 2022
- Figure 9: Drivers of supplier power in the car rental market in the United Kingdom, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in the United Kingdom, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in the United Kingdom, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in the United Kingdom, 2022
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