Car Rental & Leasing in the UK - Market Research Report (2014-2029)

Driving forward: Investment in new greener vehicles helps maintain demand for leasing services

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Over the five years through 2023-24, car rental and leasing revenue looks set to contract at a compound annual rate of 1.7% to £17.1 billion. COVID-19 disruptions proved detrimental to the industry, being the main driver of recent decline. However, revenue has steadied out since, while the expansion of the rental segment of the market has diversified revenue streams.

Companies 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. Operating leases are included in the industry whereas financial leases are not. The industry does not include renting or leasing a vehicle with a driver.