UK Car Rental Market Size & Outlook, 2023-2030
UK car rental market, 2018-2030 (US$M)
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UK car rental market highlights
- The UK car rental market generated a revenue of USD 4,462.4 million in 2023 and is expected to reach USD 8,556.8 million by 2030.
- The UK market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, executive cars was the largest revenue generating vehicle type in 2023.
- Economy cars is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Car rental market data book summary
| Market revenue in 2023 | USD 4,462.4 million |
| Market revenue in 2030 | USD 8,556.8 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Executive cars |
| Fastest growing segment | Economy cars |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Luxury cars, Executive cars, Economy cars, SUVs, MUVs |
| Key market players worldwide | Avis Budget Group Inc, Carzonrent India Pvt. Ltd., Eco Rent A Car, Eurazeo SE, Localiza Rent A Car SA ADR, Hertz Global Holdings Inc Ordinary Shares (New), Sixt SE, AVR Van Rental, Enterprise Holdings |
Other key industry trends
- In terms of revenue, UK accounted for 3.4% of the global car rental market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, France car rental market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 11,431.0 million by 2030.
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Car Rental Market Scope
Car Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK car rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to car rental market will help companies and investors design strategic landscapes.
Executive cars was the largest segment with a revenue share of 28.4% in 2023. Horizon Databook has segmented the UK car rental market based on luxury cars, executive cars, economy cars, suvs, muvs covering the revenue growth of each sub-segment from 2018 to 2030.
The regional growth is attributed to the surge in the usage of luxury automobiles by corporations on business trips, expansion of tourism industry, and growing concerns toward environment and exhaustive non-renewable sources of energy.
For instance, in May 2022, Jaguar and Land Rover (JLR), a British automobile manufacturer, offered three different ownership options for its car rental business in the country. The automobile company provides a variety of models for rent or subscribe through its online customer platform in the U.K.
At the end of the purchase, customers can choose to have the new vehicle delivered to their home or hand it over in person at the showroom. Further, the platform offers more clarity on the order status and the new customer account area offers real-time updates from order acceptance to car delivery.
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Target buyers of UK car rental market databook
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Our clientele includes a mix of car rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK car rental market , including forecasts for subscribers. This country databook contains high-level insights into UK car rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK car rental market size, by vehicle type, 2018-2030 (US$M)
UK Car Rental Market Outlook Share, 2023 & 2030 (US$M)
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