The Average revenue per day of Car Rental segment in United Kingdom, attained a value of USD 39.99 in 2023
The indicator recorded a historical growth (CAGR) of 6.04% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Car rental in the United Kingdom
The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is made up of car rentals for business, leisure purposes and Insurance replacement.
Impact of COVID-19 in UK car rental sector
The UK car rental market has seen a decline in 2019 and 2020, but a particularly strong decline by a significant margin in 2020 as a result of the COVID-19 pandemic. However, strong growth is expected in the upcoming period as the market recovers.
Category segmentation
Business is the largest segment of the car rental market in the United Kingdom, accounting for the largest share of the market's total value.
The Leisure segment accounts for the second-largest share of the market.
Geography segmentation
The United Kingdom accounts for a significant share of the European car rental market value. Germany accounts for the largest share of the European market.
Market distribution
Non-airport forms the leading distribution channel in the United Kingdom car rental market, accounting for the largest share of the total market's value.
Airport accounts for a second-largest share of the market.
Who are the leading players?
Europcar Mobility Group (Europcar) is a provider of integrated mobility services. The company offers a wide range of car rental or leasing services, including vehicle rentals on a short-term basis, low-cost rental services, carsharing, and booking services through its fleet of cars, vans, and trucks.
Avis is a provider of car and truck rental and car-sharing services. It offers car rental services to the premium, commercial, and leisure segments of the travel industry. Avis Budget also operates as a rental car supplier to price-conscious travelers. The company operates through various brands including Avis, Budget, Zipcar, Apex, Maggiore, France Cars and Payless.
How have leading players been impacted by the COVID-19 pandemic?
Players are struggling in the wake of COVID-19 and the consequent plummeting of demand from travel and tourism. The used car market is also closely linked to the car rental market, and the decrease in demand for second-hand vehicles has caused a severe devaluation of many players’ fleets.
Company profile
Avis Budget Group Inc (Avis Budget) is a provider of car and truck rental and car sharing services. It offers car rental services to the premium commercial and leisure segments of the travel industry. Avis Budget also operates as a rental car supplier to price-conscious travelers. The company operates through various brands including Avis, Budget, Zipcar, Apex, Maggiore, Morini Rent, Turiscar, ACL Hire, France Cars and Payless.
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