United Kingdom Car Rental Market Report and Forecast 2025-2034
Description
The United Kingdom car rental market was valued at USD 7.30 Billion in 2024. The industry is expected to grow at a CAGR of 8.50% during the forecast period of 2025-2034 to attain a valuation of USD 16.51 Billion by 2034.
United Kingdom Car Rental Market Growth
Short-term rental bookings fuelled the United Kingdom car rental market growth due to their higher cost structure compared to long-term options.
Short-term car rentals swiftly provide convenient mobility solutions for travellers or those in urgent need of transportation, typically lasting from hours to days. The shorter duration of time compared with long-term rental periods is reflected in the transient nature of the service, resulting in higher costs when compared to long-term arrangements. The concept of immediate access however has a compelling draw.
As of April 2024, Chery, a Chinese automobile manufacturer entered an alliance with UK vehicle rental organization Octopus Electric Vehicles. This move came after the decision the UK organisation entered an arrangement with BYD to purchase 5,000 electronic vehicles over 3 years from the world's largest electronic vehicle maker.
Long-term car rentals furnish economical and eco-friendly transport options for extended periods, spanning from weeks to months or even years. These agreements come with additional services such as maintenance support as well as roadside assistance thereby catering for continued use by individuals, businesses, and organizations where dependability is key.
United Kingdom Car Rental Market Outlook Segmentation
United Kingdom Car Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Booking Type
Offline
Online
Market Breakup by Rental Length Type
Short-Term
Long-Term
Market Breakup by Application Type
Leisure/Tourism
Business
Market Breakup by Vehicle Type
Luxury/Premium Cars
Economy/Budget Cars
SUVs
MUVs
Market Breakup by Region
England
Wales
Scotland
Northern Ireland
United Kingdom Car Rental Market Share
Growth in the car rental market in the UK is led by the more niche segment of consumers willing to pay premium prices for better amenities and status symbols. Luxury and premium cars usually include high-end vehicles from renowned brands known for their comfort, performance, and superior quality.
Leading Companies in the United Kingdom Car Rental Market
The UK car rental market provides flexibility, affordability, and convenience for both consumers and businesses. It boosts tourism, creates employment opportunities, and encourages sustainability with hybrid and electric vehicles.
Avis Budget Group Inc.
Enterprise Holdings, Inc.
Hertz Global Holdings, Inc.
Sixt SE
Europcar International S.A.S.U
Economy Car Hire Ltd.
ALD Automotive Limited
Hiyacar Ltd.
Practical Car and Van Rental Limited
Others
Major players in the market are expanding their outreach through mergers, acquisitions, and rising investment in innovative technology like digital transformation and customer experience enhancement on online modes.
United Kingdom Car Rental Market Growth
Short-term rental bookings fuelled the United Kingdom car rental market growth due to their higher cost structure compared to long-term options.
Short-term car rentals swiftly provide convenient mobility solutions for travellers or those in urgent need of transportation, typically lasting from hours to days. The shorter duration of time compared with long-term rental periods is reflected in the transient nature of the service, resulting in higher costs when compared to long-term arrangements. The concept of immediate access however has a compelling draw.
As of April 2024, Chery, a Chinese automobile manufacturer entered an alliance with UK vehicle rental organization Octopus Electric Vehicles. This move came after the decision the UK organisation entered an arrangement with BYD to purchase 5,000 electronic vehicles over 3 years from the world's largest electronic vehicle maker.
Long-term car rentals furnish economical and eco-friendly transport options for extended periods, spanning from weeks to months or even years. These agreements come with additional services such as maintenance support as well as roadside assistance thereby catering for continued use by individuals, businesses, and organizations where dependability is key.
United Kingdom Car Rental Market Outlook Segmentation
United Kingdom Car Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Booking Type
Offline
Online
Market Breakup by Rental Length Type
Short-Term
Long-Term
Market Breakup by Application Type
Leisure/Tourism
Business
Market Breakup by Vehicle Type
Luxury/Premium Cars
Economy/Budget Cars
SUVs
MUVs
Market Breakup by Region
England
Wales
Scotland
Northern Ireland
United Kingdom Car Rental Market Share
Growth in the car rental market in the UK is led by the more niche segment of consumers willing to pay premium prices for better amenities and status symbols. Luxury and premium cars usually include high-end vehicles from renowned brands known for their comfort, performance, and superior quality.
Leading Companies in the United Kingdom Car Rental Market
The UK car rental market provides flexibility, affordability, and convenience for both consumers and businesses. It boosts tourism, creates employment opportunities, and encourages sustainability with hybrid and electric vehicles.
Avis Budget Group Inc.
Enterprise Holdings, Inc.
Hertz Global Holdings, Inc.
Sixt SE
Europcar International S.A.S.U
Economy Car Hire Ltd.
ALD Automotive Limited
Hiyacar Ltd.
Practical Car and Van Rental Limited
Others
Major players in the market are expanding their outreach through mergers, acquisitions, and rising investment in innovative technology like digital transformation and customer experience enhancement on online modes.
Table of Contents
105 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Europe Car Rental Market Overview
- 5.1 Key Industry Highlights
- 5.2 Europe Car Rental Historical Market (2018-2024)
- 5.3 Europe Car Rental Market Forecast (2025-2034)
- 6 United Kingdom Car Rental Market Overview
- 6.1 Key Industry Highlights
- 6.2 United Kingdom Car Rental Historical Market (2018-2024)
- 6.3 United Kingdom Car Rental Market Forecast (2025-2034)
- 7 United Kingdom Car Rental Market by Booking Type
- 7.1 Offline
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Online
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 United Kingdom Car Rental Market by Rental Length Type
- 8.1 Short-Term
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Long-Term
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 United Kingdom Car Rental Market by Application Type
- 9.1 Leisure/Tourism
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Business
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 United Kingdom Car Rental Market by Vehicle Type
- 10.1 Luxury/Premium Cars
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Economy/Budget Cars
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 SUVs
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 MUVs
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 11 United Kingdom Car Rental Market by Region
- 11.1 England
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Wales
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 Scotland
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Northern Ireland
- 11.4.1 Historical Trend (2018-2024)
- 11.4.2 Forecast Trend (2025-2034)
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators for Demand
- 12.4 Key Indicators for Price
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Avis Budget Group Inc.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Enterprise Holdings, Inc.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Hertz Global Holdings, Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Sixt SE
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Europcar International S.A.S.U
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Economy Car Hire Ltd. (Zest Car Rental)
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 ALD Automotive Limited
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Hiyacar Ltd.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Practical Car and Van Rental Limited
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Others
Pricing
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