The report titled “Australia Car Leasing and Rental Market Outlook to
2023 - By Type of Car, By Region, By End User, By Rental Booking Purpose, By
Rental Booking Mode and Ride Hailing Market- By Type of Ride, By
Hailing Purpose and By State” covers market overview and size in terms
of leasing fleet size, leasing revenue generated, rental fleet size, rental
revenue generated, ride-hailing fleet size, ride-hailing revenue generated;
along with leasing market segmentation by type of car (Ute, Sedan, SUV &
Luxury), by region (New South Wales, Victoria, Queensland, Western Australia,
and others), by end user (mining, construction & engineering, government,
telecommunications and others); rental market segmentation by type of car (SUV,
sedan, and Ute), by rental purpose (leisure and business), by booking mode
(online and offline); ride hailing market segmentation by type of ride
(sedan/economy, SUV & Ute and luxury), by hailing purpose (airport, leisure,
and office) and by state (New South Wales, Victoria, Queensland, Western
Australia & others). The report also covers emerging growth drivers and
trends; issues and challenges; SWOT analysis; government regulations and
competitive landscape of major car leasing companies with special focus on
LeasePlan Australia, SG Fleet and Eclipx Group; car rental companies including
Avis Australia, Hertz Australia, Thrifty Australia, Budget Australia, Europcar
Australia; and cab aggregators such as Uber, Ola and others. The report also
explores the operating models prevalent in the industry, future outlook and
projections along with analyst recommendations highlighting the major
opportunities and cautions to the reader.
Australia Car Leasing Market
Overview and Size: Australia
Car Leasing industry was witnessed to be at the late growth
stage, with unstable growth year-on-year. Low growth in new vehicle sales and
the mining industry bust during the period were primarily responsible for
translating low growth in the car lease industry. The
industry witnessed growth at a CAGR of around 3.5% in terms of fleet
size from the leasing segment and 2.7% in terms of revenue from the leasing
segment during the period 2013-2018. The leasing market is solely built on
operating lease and the financial lease has not been taken into consideration.
Australia Car Leasing Market
Segmentation
By Type of Car (Ute, Sedan, SUV and
Luxury): The Ute was the most popular
leased vehicle in Australia, owing to its tool of trade classification and the
benefits for owners when it comes to the Fringe Benefits tax payments. Sedans
and SUVs formed the other major categories with the government and
telecommunications industry forming their major end-users.
By Region (New South Wales,
Victoria, Queensland, Western Australia and Other States): New South Wales, Victoria and
Queensland were the states with the highest density of car leases, courtesy
their large population and the elaborate presentation of business hubs in
Sydney, Melbourne and Brisbane regions.
By End-User (Mining, Construction and
Engineering, Telecommunications, Government and Others): The mining industry drew a
major a chunk of the demand for car leases, owing to the high
fleet requirement for raw material transportation. The government
also sourced their car leases through fleet management organizations.
Competitive Landscape in
Australia Car Leasing Market: Competition stage in the country’s car
leasing market was witnessed to be concentrated on the
basis of fleet size with fleet management organizations dominating the
supply side of the industry. Companies compete on the basis of pricing, fleet
size, brand value, customer service, service portfolio, and value-added
services. Some of the major players operating within this segment include LeasePlan, Eclipx Group,
SG Fleet, Toyota Fleet Management, Custom Fleet, Summit
Fleet, ORIX and others.
Australia Car Rental Market
Overview and Size: Australia car rental market was witnessed to
be in a growing phase, with stable growth year-on-year. Growth in inbound
tourists, weakening of the Australian Dollar and high usage by enterprise
end-users were some of the major factors stimulating growth in
car rental transactions in Australia during the outlook period of 5
years from 2013 to 2018. The industry witnessed growth at a CAGR
of around 0.8% in terms of fleet size of the rental segment and 2.8% in terms
of revenue from rental during the period 2013-2018.
Australia Car Rental Market
Segmentation
By Type of Car (SUV, Sedan and Ute): SUVs dominated the car rental
space within Australia owing to high passenger capacity and the predominance of
the family as well as corporate trips in the country. On the other hand,
sedans are basically preferred by inbound tourists as they are not
used to the left-hand drive cars in Australia.
By Rental Purpose (Leisure and Business): Leisure use dominated in
Australia as when it comes to revenue generated, cars rented by
tourists are rented for more days than cars rented by enterprise
customers for corporate use.
By Booking Mode: Online booking segment
dominated the industry as users preferred to compare rates, check service
offerings online and experience better convenience.
Competitive Landscape in
Australia Car Rental Market: Competition within the country’s car rental market was
seen to be concentrated on the basis of fleet size and presence with
the 5 national operators accounting for the majority of the share in the
market. Companies compete on the basis of geographical presence, rental
pricing, fleet size, customer service, rental flexibility, convenience, and
value-added services. The major players in the rental segment include Avis,
Hertz, Budget, Thrifty, and Europcar among other second-tier and
independent players.
Australia Ride-Hailing Market
Overview and Size: The market was found out to be operating in
its growth phase, with consistent growth year-on-year. The market was
established recently in the year 2012, when cab aggregators entered the market
to give competition to the local taxi industry. The stable structure of the
regulatory framework regarding ride-sharing allowed the entry of new
players in the market during the period, which stimulated high growth in
the market in terms of rides and fleet size of cabs operated. The
industry witnessed growth at a CAGR of around 20.1% in terms of fleet
size of cab aggregators and 14% in terms of revenue accruing to cab aggregating
companies during the period 2013-2018.
Australia Ride-Hailing Market
Segmentation
By Type of Ride (Sedan /
Economy / Mini, SUV and Ute and Luxury): Sedan or Economy based cab rides dominated
the cabs hailed in Australia primarily due to the high popularity of short
distance trips to and from the office and for leisure. SUVs and larger
vehicles were used for Airport trips primarily.
By Hailing Purpose (Leisure
Rides, Office Rides and Airport Rides): Cabs taken to and from airport dominated
the industry earned revenue due to high distance of airports from the city and
high amount of inbound and outbound tourists in the country.
By State (New South Wales,
Victoria, Queensland, Western Australia and Others): Highly populated states and
business hubs of Australia dominated the demand and spread of ride-sharing in
Australia. Sydney, Melbourne, and Brisbane are the three major cities for the
ride sharing in Australia.
Competitive Landscape in
Australia Ride Hailing Market: Ridesharing industry has displaced the
taxi industry in Australia due to better convenience, better prices, premium
options, better technology, and higher availability. Major cab aggregators in
Australia include Uber,
Ola, DiDi, GoCatch, and Taxify. These players primarily
compete on the basis of fares, availability, cab fleet, driver behavior and
driver commissions charged.
Australia Car Leasing and
Rental Market Future Outlook & Projections: Expected slowdown of new
vehicle sales, closedown of automotive manufacturing within
Australia, a rise of novated leasing as a vehicle financing option,
emergence of car sharing, rise in inbound tourists and new entrants in the
ride-hailing market are expected to impact the car rental and leasing
industry in Australia in the future. The car leasing segment is
forecasted to decline, while the rental segment is expected to
pick up pace in terms of revenue in the future. There is also the great scope of
growth in the ride-sharing segment of the market in Australia.
Key Segments
Covered in Australia Car Rental and Leasing Market
Australia Car
Leasing Market
By Type of
Car
Ute
Sedan
SUV
Luxury
By Region
New
South Wales
Victoria
Queensland
Western
Australia
Other
States (Tasmania and South Australia)
By End User
Mining
Construction
and Engineering
Government
Telecommunications
Others
(Logistics and Utility Industry)
Australia Car
Rental Market
By Type of
Car
SUV
Ute
and LCVs
Sedans
By Rental
Purpose
Leisure
Business
By Booking
Mode
Online
Offline
Australia
Ride Hailing Market
By Type of
Ride
Sedan
/ Economy / Mini
SUV
and Ute
Luxury
By Hailing
Purpose
Airport
Leisure
Office
By State
New
South Wales
Victoria
Queensland
Western
Australia
Other
States (Tasmania and South Australia)
Time Period
Captured in the Report:-
Historical Period:
2013-2018
Forecast Period:
2019-2023
Key
Target Audience
Car
Rental Companies
Fleet
Management Organizations
Cab
Aggregators or Ride Sharing Companies
Car
Sharing Companies
Car
Dealers
Consumer
Finance Organizations
Automobile
and Mobility Organizations
End
User Industries
Companies
Covered:-
Car Leasing Companies
LeasePlan
Australia
Eclipx
Group
SG
Fleet
Custom
Fleet
Toyota
Fleet Management
ORIX
Summit
Fleet
Car Rental Companies
Avis
Australia
Hertz
Australia
Budget
Australia
Thrifty
Australia
Europcar
Australia
Cab Aggregators
Uber
Ola
DiDi
GoCatch
Taxify
(Bolt)
Key Topics Covered in the Report:-
Operating
Model Analysis
Australia
Car Leasing Market Overview and Genesis
Australia
Car Leasing Market Size
Australia
Car Leasing Market Segmentation
Competitive
Scenario in Australia Car Leasing Market
Company
Profiles of Major Players in Australia Car Leasing Market
Australia
Car Leasing Market Future Outlook and Projections, 2018-2023E
Australia
Car Rental Market Overview and Genesis
Australia
Car Rental Market Size
Australia
Car Rental Market Segmentation
Competitive
Scenario in Australia Car Rental Market
Company
Profiles of Major Players in Australia Car Rental Market
Australia
Car Rental Market Future Outlook and Projections, 2018-2023E
Australia
Ride Hailing Market Overview and Genesis
Australia
Ride Hailing Market Size
Australia
Ride Hailing Market Segmentation
Competitive
Scenario in Australia Ride Hailing Market
Company
Profiles of Major Players in Australia Ride Hailing Market
Australia
Ride Hailing Market Future Outlook and Projections, 2018-2023E
SWOT
Analysis of Australia Car Leasing and Rental Market
Trends
and Development in Australia Car Leasing and Rental Market
Issues
and Challenges in Australia Car Leasing and Rental Market
Regulatory
Landscape of Australia Car Leasing and Rental Market
Analyst
Recommendation in Australia Car Leasing and Rental Market
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