United Kingdom car rental
market is anticipated to register growth with an impressive CAGR in the
forecast period, 2023-2027. The market growth can be attributed to reinstatement
of the post COVID travel relaxations. Rising number of the automotives for the
long distance business trips and leisure trips drive the growth of the United
Kingdom car rental market in the upcoming five years. Growing advancement in
the car hire mobile applications, internet based services, location based fare
adjustments, coupled with easier user interphase also support the growth of the
United Kingdom car rental market in the next five years. Technological
advancement, rapidly increasing online service providers and market players
with advanced services, also facilitate the growth of the Untied Kingdom car
rental market in the forecast years.
Higher Demands For Passenger
Cars Drive Market Growth
Growing demands for the
passenger cars and growing sales for the same have been a major factor driving
the growth if the United Kingdom car rental market in the upcoming five years. Expanding
car rental service demands larger fleet of passenger cars. Large fleets of
passenger cars and car rental services are inter-relatively driver for the
industries. 1.65 million units of passenger cars were sold in 2021 in the
United Kingdom. Rising demands for the flexible commute for business trips and
leisure trips also aid to the growth of the United Kingdom car rental market in
the future five years.
Concerns Toward Environment
Supports Market Growth
Growing concerns toward
environment and exhaustive non renewable sources of energy also support the
growth of the United Kingdom car rental market in the upcoming five years.
Vehicles that traditionally use petroleum products, and gases as fuel exhaust toxic
gases in the environment that play major role in environment deterioration.
Increasing pollution, and rising concerns for the same has led the government
to strict the regulations and further facilitate the demands for the car
rentals and thereby driving the growth of the United Kingdom car rental market
in the future five years.
As a step toward
better environment, the government has established regulations for the use of
electric vehicle. Though population are inclined toward car rentals they are
actively opting for the electric vehicles in support of the concerns toward
environment and substantiates the growth of the United Kingdom car rental
market in the forecast years through 2027F.
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Market Segmentation
The
United Kingdom car rental market is segmented by vehicle type, channel, type,
end use, competitional landscape, and regional distribution. Based on vehicle type, the
market is further segmented into economy, executive, and luxury. By channel,
the market is differentiated between online and offline distribution channel.
Based on type, the market is distinguished between self-driven and chauffer
driven. By end use, the market is bifurcated into local, airport, and
outstation. The market analysis also studies the regional segmentation to
devise regional market segmentation, divided among London, East Anglia,
Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
Company Profile
Lex Autolease Ltd., Alphabet (GB)
Ltd, Enterprise Rent-A-Car UK Ltd., LeasePlan UK Ltd., Europcar Mobility Group,
Avis Budget Group Inc., Hertz UK Ltd., SIXT SE, Dollar Rent A Car, Inc., Green
Motion International,
among others is a partial list of major market players of the companies
responsible for the growth of United Kingdom car rental market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, volume in units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Vehicle Type
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Channel
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Type
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End Use
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Regional scope
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London, East Anglia, Southwest, Southeast, Scotland, East
Midlands, and Yorkshire & Humberside
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Key companies profiled
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Lex Autolease Ltd., Alphabet (GB) Ltd, Enterprise
Rent-A-Car UK Ltd., LeasePlan UK Ltd., Europcar Mobility Group, Avis Budget
Group Inc., Hertz UK Ltd., SIXT SE, Dollar Rent A Car, Inc., Green Motion
International
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, United Kingdom car rental market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United Kingdom Car Rental Market,
By Vehicle Type:
- United Kingdom Car Rental Market,
By Channel:
- United Kingdom Car Rental Market,
By Type:
- Self-Driven
- Chauffer Driven
- United Kingdom Car Rental Market,
By End Use:
- United Kingdom Car Rental Market,
By Region:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom car rental market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United Kingdom Car Rental Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]