The Car rental sales by Total via Offline channel in United Kingdom, registered a value of USD 275.09 Million in 2020
The indicator recorded a historical decline (CAGR) of 37% between 2017 to 2020, 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.
The various travel restrictions and lockdowns implemented across the world in the wake of COVID-19 have had a serious impact on the car rental market, due to the significant drop in the number of travelers and, more particularly, the decrease in air passenger traffic. Low tourist demand means many cars are being parked.
The UK is a popular business hub in Europe, which lends itself well to the business segment of the car rental market. Considerable growth is expected to be derived from the leisure segment over the forecast period, as the easing of COVID-19 lockdown measures enables people to travel for holidays, but international travel restrictions and the state of the economy make staycations the norm.
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.
Enterprise's service portfolio includes car rental, car-sharing, vanpooling, car sales, truck rental, online ride-matching and fleet management services. The company operates through numerous brands around the world, including Enterprise Fleet Management, Enterprise Car Sales, Enterprise Truck Rental, Enterprise Carshare and Enterprise Rideshare.
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. It operates car and truck rental locations across North America, Europe, Australia and New Zealand. Avis Budget offers truck rentals and ancillary products and services to consumers and commercial users in the US.
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