Summary

United Kingdom car rental market is projected to register growth during the forecast period, 2023-2027. Advancements in the car hire mobile applications, internet-based services, location-based fare adjustments, easy user interface coupled with rapidly increasing online service providers are contributing the growth of United Kingdom car rental market. Entry of new market players in the rental services market and expanding car rental service are some of the factors supporting the growth of United Kingdom car rental market in the coming years. Rise in the trend of on-demand transportation services and low rate of car ownership among millennials are some of the factors supporting the growth of United Kingdom car rental market.
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. Economy vehicles segment are anticipated to hold the largest share in the United Kingdom car rental market owing to their increased adoption for making short distance travels. Surge in demand for leisure traveling may contribute to the fast growth of the luxury car segment in the coming years.
Major companies in the United Kingdom car rental market are 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.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze the historical growth in the market size of the United Kingdom car rental market from 2017 to 2021.
• To estimate and forecast the market size of United Kingdom car rental market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast the United Kingdom car rental market based on vehicle type, channel, type, end use, region, and company.
• To identify the dominant region or segment in the United Kingdom car rental market.
• To identify drivers and challenges for the United Kingdom car rental market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United Kingdom car rental market.
• To identify and analyze the profiles of leading players operating in the United Kingdom car rental market.
• To identify key sustainable strategies adopted by market players in United Kingdom car rental market
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the United Kingdom car rental market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Car rental service providers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to rental cars
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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:
o Economy
o Executive
o Luxury
• United Kingdom Car Rental Market, By Channel:
o Online
o Offline
• United Kingdom Car Rental Market, By Type:
o Self-Driven
o Chauffer Driven
• United Kingdom Car Rental Market, By End Use:
o Local
o Airport
o Outstation
• 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).

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