The Car Rental industry has cruised along at a slow speed over the past five years as it has recovered following the global financial crisis. Largely positive consumer sentiment and business confidence have allowed for greater certainty in household and business income streams, which has led to more domestic holidays being taken and more corporate travel occurring. With more travel occurring throughout Australia, demand for rental cars has been boosted. Coupled with growing international travel to Australia, industry revenue is forecast to rise by a compound annual rate of 1.3% over the five years through 2014-15, to reach $1.21 billion.
Companies in the industry are involved in renting out cars. The industry includes car rental companies that also rent out trucks, vans and buses. The industry excludes commercial and fleet leasing.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.