Australia Car Leasing Fleets is Expected to Reach around 425K units by 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Total number of small and medium enterprises in Australia is expected to positively grow thus, registering a CAGR of close to 2.8% during the forecast period 2019-2023. The gross value added by the mining industry in Australia is expected to grow at a CAGR of 3.9%, stimulated by the expected continuation of the mining boom during the period. This would be facilitated by a proportionate rise in the corporate demand for car leasing service in the country by the end of 2023. The car rental market is also expected to increase due to the rise in number of tourist arrivals in the country with an anticipated CAGR of 4.3% till 2023. The Tourism 2020 plan initiated by the Australian Tourism Industry is estimated to get completed by the year ending 2020. Growth in the ride hailing segment of the market is expected to come through with the entry of new players offering ride sharing services and increasing number of millennial populations in the country. The cab aggregator industry of Australia is also estimated to reach around a fleet size of 206,000 units and AUD 2,400.0 Million in terms of revenue by the year ending 2023. Australia car leasing and rental market growth will be facilitated by the increasing number of small and medium establishments, growing size of mining, construction, & logistics sector, increasing employment, growing number of tourist arrivals in the country and a low exchange rate with the USD. The market is still dominated by the corporate user segment owing to their bulk demand including a variety of cars for employee mobility and further company use. In terms of rental purpose, the business segment is forecasted to grow at CAGR of 6.1% in terms of revenue during 2019-2023. The individual demand is mainly supported by the tourist arrivals with inbound tourists dominating the demand. Demand for rental is highest during the summer months and the Chinese New Year in Australia. New car rental companies as well as cab aggregators might enter the market in the coming years. Opportunity may also arise for car sharing service providers, due to their growing popularity as a disruptor of the overall mobility industry. Companies will look to focus on differentiating themselves on the basis of value-added services they could provide to their prospective clients, reducing the service cost, enhancing customer service and introducing newer models backed by technology into their fleet to capture a significant share in the independent markets. In terms of regional demand, it is expected that the states of New South Wales, Victoria and Queensland will have high demand for car rental, leasing and ride hailing space owing to the high population in these states and the high concentration of small and medium enterprises in these states. Darwin, Adelaide and Hobart are cities where the penetration and reach of ride sharing, leasing and car rental is low and hence new players can target these cities for setting up operations in the near future. Analysts at Ken Research within their latest publication “Australia Car Leasing and Rental Market Outlook to 2023 – By Type of Car, By Region, By End User, By Rental Booking Purpose, By Rental Booking Mode and Ride Hailing Market- By Type of Ride, By Hailing Purpose and By State” believe that the market is expected to register positive growth at CAGR of 1.6% in terms of operating leasing revenue; 1.8% in terms of fleet size in car rental segment, 3.3% in terms of rental revenue; and 10.6% in terms of fleet size in ride hailing segment and lastly, 11.5% in terms of ride hailing revenue during the forecasted period 2019-2023. Key Segments Covered in Australia Car Rental and Leasing Market Australia Car Leasing Market By Type of Car Ute Sedan SUV Luxury By Region New South Wales Victoria Queensland Western Australia Other States (Tasmania and South Australia) By End-User Mining Construction and Engineering Government Telecommunications Others (Logistics and Utility Industry) Australia Car Rental Market By Type of Car SUV Ute and LCVs Sedans By Rental Purpose Leisure Business By Booking Mode Online Offline Australia Ride-Hailing Market By Type of Ride Sedan / Economy / Mini SUV and Ute Luxury By Hailing Purpose Airport Leisure Office By State New South Wales Victoria Queensland Western Australia Other States (Tasmania and South Australia) Time Period Captured in the Report: – Historical Period: 2013-2018 Forecast Period: 2019-2023 Key Target Audience Car Rental Companies Fleet Management Organizations Cab Aggregators or Ride-Sharing Companies Car Sharing Companies Car Dealers Consumer Finance Organizations Automobile and Mobility Organizations End-User Industries Companies Covered: – Car Leasing Companies LeasePlan Australia Eclipx Group SG Fleet Custom Fleet Toyota Fleet Management ORIX Summit Fleet Car Rental Companies Avis Australia Hertz Australia Budget Australia Thrifty Australia Europcar Australia Cab Aggregators Uber Ola DiDi GoCatch Taxify (Bolt) Key Topics Covered in the Report: – Car Sharing Market in Australia Passenger car rental and hire in Australia Fleet market size Australia Ride-Sharing Market Australia Ridesharing Companies in Australia Australia Cab Sharing Market Avis Australia Car Rentals Market Share Budget Australia Car Rental Market Competitors Inbound Tourists Market Growth in Australia InterCity Travel in Australia Melbourne Car Leasing Market Share Uber Australia Market Share Airport car rentals Brisbane Thrifty car rental Sydney airport Car Hire Sydney Airport Sedan Car Rental Industry Sydney Ola Market Share in Australia For More Information on the Research Report, Click On The Link Below: – Australia Car Leasing and Rental Industry Related Reports by Ken Research: – Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others) Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector Costa Rica Car Rental, Leasing, Cab Aggregator and Red Taxi Market Outlook to 2023 – Driven by Inbound and Domestic Tourist Arrivals and Integration of Electric Vehicles in Current Fleet Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: airport car rentals brisbane, Australia Cab Aggregator Market, Australia Cab Sharing Market, Australia Car Leasing and Rental Industry, Australia Car 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