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The UK Car Rental Industry Analysis to 2017

Surging Car Rental For Corporate Purposes

Region:Europe

Author(s):

Product Code:KR117

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Published on

January 2014

Total pages

73

Table of Content

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About the Report

About the Report

 
The report titled "The UK Car Rental Industry Analysis to 2017 - Surging Car Rental For Corporate Purposes" provides a comprehensive analysis of the market size of the UK car rental industry by revenue and by rental fleets, market segmentation by on and off airport car rentals, by business, leisure and replacement rentals, long and short duration, as well as it is also segmented on the basis of online and station booking. The report entails the market share of major players in the overall car rental industry as well as the market share by on and off airport segment. The report also provides travelers profile in the country along with major trends and developments in the car rental industry in the UK.
 
The UK car rental industry, which has grown at a CAGR of 1.14% over the period of 2006-2012, was valued at USD ~ million in 2012. The global recession hampered the market revenues of the car rental market during 2009, resulting in lowering number of leisure and business travel trips.
 
The crisis propagated to the whole Europe rapidly and affected many countries including the UK. The overall consumer spending declined, which resulted in lowering down of expenses for travel purposes. The major operators in the car rental industry slashed expenses and looked for avenues in off-airport markets including insurance replacement and car sharing, while others switched to acquisitions to penetrate leisure segment of the market, which has been the potential growth driver of the industry. In response to the unstable economic conditions, the marketers have implemented innovative strategies in recent years, such as the introduction of electric cars and concept of internet rentals, where reservations provide online customers an opportunity to bid the price they wish to pay for the specific travel related product without prior knowledge of the brand. The brand is disclosed only after the customer makes an online payment. This has enabled the car rental operators to increase their popularity, market share and utilization.
 
The demand for renting cars for longer duration, ranging up to six months, has witnessed fluctuating revenues over the past few years. Increasingly hectic lifestyles and stringent working environment has instigated people to cut short their holidays as they do not get vacations for longer span of time. Renting cars for shorter duration has contributed a higher share in the UK car rental industry revenues over the years as compared to renting a car for longer durations.
 
Advancement in technology which led to the escalation of internet and broadband services in the UK has transformed the pattern of renting a car. The online booking of car rentals has showcased a tremendous growth in terms of contribution to overall market revenues, over the last five years (2006-2012), and is expected to incline in future, as compared to station booking of the rentals.
 
Among the international car rental players in the UK car rental market, Europcar has been the largest player in the industry over the past seven years from 2006-2012. In the last few years, car-sharing has evolved as a new hybrid concept in the automotive sector. The trend of two or more individuals sharing a car along a journey has been witnessing higher traction in the recent years. The rising gasoline prices have attracted traditional car rental companies such as Hertz and Enterprise to enter into providing car sharing service to the customers.
 
KEY TOPICS COVERED IN THE REPORT
 
- Europe Car rental industry market size, 2006-2012
- The market size of the UK Car Rental Industry, 2006-2012
- Market segmentation by On-Airport and Off-Airport, 2006-2012
- Market segmentation by Business, Leisure and Replacement Purposes, 2006-2012
- Market segmentation by Online and Station Booking, 2006-2012
- Market segmentation by Long and Short Duration, 2006-2012
- Market share of major players in the UK Car Rental industry, 2006-2012
- Trends and Developments in the UK Car Rental Industry
- Future Outlook and Projections in the UK Car Rental industry, 2013-2017
 

Products

Products

Car Sharing, Online reservation and booking, station booking, Business, Leisure and Replacement Purposes, On-Airport and Off-Airport, Long and Short D


Companies

Hertz, Europcar, Sixt, Avis Budget

Table of Contents

Table of Contents

 

1. Europe Car Rental Industry Introduction

1.1. Europe Car Rental Industry Market Size, 2006-2012

2. The UK Car Rental Market Introduction

3. The UK Car Rental Market Size, 2006-2012

3.1. By Revenues and Rental Fleets, 2006-2012

4. The UK Car Rental Market Segmentation, 2006-2012

4.1. By On-Airport and Off- Airport Markets, 2006-2012

4.2. By Business, Leisure and Replacement Purposes, 2006-2012

4.3. By Long Term and Short Term, 2006-2012

4.4. By Online and Station booking, 2006-2012

5. The UK Car Rental Travelers' Profile

6. The UK Car Rental Market Trends and Developments

Expansion in the Brand Portfolio:

Emerging Trend of Carpooling/Car sharing

Flourishing Opaque, Online and Mobile Car Rental Segment

Inclination in the Demand Short-Term Car Rentals amongst the College Students and the Working Class

Introduction of Electric Vehicles as an Initiative to Control Cost and Improving Brand Image

Decline in Corporate Travels by Leveraging on New Technologies

7. Market Share of Major Players in the UK Car Rental Market, 2007-2012

7.1. By On-Airport and Off-Airport Markets, 2012

8. The UK Car Rental Market Future Outlook

8.1. The UK Car Rental Market Future Projections, 2013-2017

8.1.1. By Revenues and Rental Fleets, 2013-2017

8.1.2. By On-Airport and Off-Airport Markets, 2013-2017

8.1.3. By Business, Leisure and Replacement Purposes, 2013-2017

8.1.4. By Long Term and Short Term, 2013-2017

8.1.5. By Online and Station Booking, 2013-2017

8.2. Cause and Effect Relationship Analysis of the UK Car Rental Industry

9. Company Profile of Major Players in The UK Car Rental Market

9.1. Europcar

9.1.1. Company Overview

9.1.2. Business Strategies

9.1.3. Financial Performance, 2007-2012

9.2. Avis Budget

9.2.1. Company Overview

9.2.2. Business Strategies

9.2.3. Financial Performance, 2007-2012

9.3. Hertz Corporation

9.3.1. CompanyOverview

9.3.2. Business Strategies

9.3.3. Financial Performance, 2007-2012

9.4. Sixt

9.4.1. Company Profile

9.4.2. Business Strategies

9.4.3. Financial Performance, 2007-2012

10. Macroeconomic Factors Affecting UK Car Rental Industry

10.1. International Tourist Arrivals in the UK, 2006-2017

10.2. The UK International Tourism Market Revenues, 2006-2017

10.3. Oil Consumption in the UK, 2006-2017

10.4. Population of the UK, 2006-2017

10.5. Investment in Road Infrastructure, 2006-2017

11. Appendix

11.1. Market Definitions

11.2. Abbreviations

11.3. Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

11.4. Disclaimer

 


List of Figure

Figure 1: Procedure of Car Renting in Europe

Figure 2: Europe Car Rental Market Size on the Basis of Revenues in USD Million, 2006-2012

Figure 3: The UK Car Rental Market Size on the Basis of Revenue in USD Million, 2006-2012

Figure 4: The UK Car Rental Market Segmentation by On-Airport and Off-Airport Markets on the Basis of Contribution in Percentage (%), 2006-2012

Figure 5: The UK Car Rental Market Segmentation by Leisure, Business and Replacement Purposes on the Basis of Contribution in Percentage (%), 2006-2012

Figure 6: The UK Car Rental Market Segmentation by Long-term and Short-term on the Basis of Contribution in Percentage (%), 2006-2012

Figure 7: The UK Car Rental Market Segmentation by Online and Station Booking on the Basis of Contribution in Percentage (%), 2006-2012

Figure 8: Market Share of Major Players in On-Airport Car Rental Market in the UK in Percentage (%), 2012

Figure 9: Market Share of Major Players in Off-Airport Car Rental Market in the UK in Percentage (%), 2012

Figure 10: The UK Car Rental Market Future Projections on the Basis of Revenue in USD Million, 2013-2017

Figure 11: The UK Car Rental Market Future Projections by Rental Fleets, 2013-2017

Figure 12: The UK Car Rental Market Future Projections by On-airport and Off-airport Market on the Basis of Contribution in Percentage (%), 2013-2017

Figure 13: The UK Car Rental Market Future Projections by Business, Leisure and Replacement Purposes on the Basis of Contribution in Percentage (%), 2013-2017

Figure 14: The UK Car Rental Market Future Projections by Long term and Short term on the Basis of Contribution in Percentage (%), 2013-2017

Figure 15: The UK Car Rental Market Future Projections by Online and Station Booking on the Basis of Contribution in Percentage (%), 2013-2017

Figure 16: Revenue of Europcar from Car rentals in the UK in USD Million, 2007-2012

Figure 17: Revenue of Avis Budget in Car Rentals in the UK in USD Million, 2006-2012

Figure 18: Revenue of Hertz Corporation from Car Rentals in the UK in USD Million, 2007-2012

Figure 19: Revenue of Sixt Rent a Car from Car Rentals in the UK in USD Million, 2007-2012

Figure 20: International Tourist Arrivals in the UK in Million, 2006-2017

Figure 21: The UK International Tourism Revenues in USD Million, 2006-2017

Figure 22: Oil Consumption in the UK in Million Tones, 2006-2017

Figure 23: Population of the UK in Million, 2006-2017

Figure 24: Road Infrastructure Gross Investment Spending in USD Million, 2006-2017

 


List of Table

Table 1: Europe Motor Vehicle Production in Million units, 2006-2012

Table 2: Difference between Car-Sharing and Car-Rental

Table 3: The UK Car Rental Market Size by Number of Fleets, 2006-2012

Table 4: The UK Car Rental Market Segmentation by On-Airport and Off-Airport on the Basis of Revenue in USD Million, 2006-2012

Table 5: The UK Car Rental Market Segmentation by Leisure, Business and Replacement Purposes on the Basis of Revenue in USD Million, 2006-2012

Table 6: The UK Car Rental Market Segmentation by Long term and Short term on the Basis of Revenue in USD Million, 2006-2012

Table 7: The UK Car Rental Market Segmentation by Online and Station Booking on the Basis of Revenues in USD Million, 2006-2012

Table 8: The UK Travelers Profile, 2006-2011

Table 9: Overseas resident's visits and spending in the UK by Air Transport, 2006-2011

Table 10: Overseas resident's visits to the UK by Region of Residence and by Purpose of Visits in Thousands, 2007-2011

Table 11: The UK Travelers Profile, 2007-2011

Table 12: Market Share of Major Players in the UK Car Rental Industry in Percentage (%), 2007-2012

Table 13: Europcar, Key Performance Indicators in the UK, 2011-2012

Table 14: The UK Car Rental Market Future Projections by On-airport and Off-airport Market on the Basis of Revenues in USD Million, 2013-2017

Table 15: The UK Car Rental Market Future Projections by Business, Leisure and Replacement Purposes on the Basis of Revenues in USD Million, 2013-2017

Table 16: The UK Car Rental Market Future Projections by Long term and Short Term on the Basis of Revenue in USD Million, 2013-2017

Table 17: The UK Car Rental Market Future Projections by Online and Station Booking on the Basis of Revenues in USD Million, 2013-2017

Table 18: Cause and Effect Relationship between Dependent and Independent Factors Prevailing in the UK Car Rental Market

Table 19: Correlation Matrix of the UK Car Rental Market

Table 20: Regression Coefficient Output

 

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