Overview

Revved up: Domestic and international tourism growth is driving the industry's expansion

IBISWorld’s Passenger Car Rental and Hiring in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Passenger Car Rental and Hiring industry provides vehicles to households, tourists, businesses and other organisations on a short- or long-term basis. As a result, several factors influence demand for industry services, including domestic and international tourism levels, consumer sentiment, business confidence and the number of motor vehicles sold across the country. General improvements in tourism levels and business conditions are expected over the past five years, causing the industry to expand at a solid rate.

Industry revenue is projected to increase at an annualised 2.8% over the five years through 2017-18. This includes projected growth of 2.3% in the current year to reach $1.5 billion...

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Industry Report - Industry Products Chapter

The industry's main services are vehicle leasing services to businesses, and car rental services to domestic residents and international tourists. As small proportion of industry revenue is derived from other services, such as car sharing services.

Operating vehicle leasing

Operating vehicle leases, including novated leases, involve leasing cars and car fleets to a range of business clients. The leasing companies (lessors) acquire the vehicles and then lease these out to the lessee (client) in return for agreed regular payments. Payments include an interest and principal component, with a residual amount at the end of the lease period. The client can return the vehicle to the lessor or purchase the car for an agreed sum. The..

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Additional Insights for the Passenger Car Rental and Hiring Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Passenger Car Rental and Hiring Industry are

  • Economies of scale
  • Being part of a franchising chain
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Domestic tourist visitor nights in the Passenger Car Rental and Hiring industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Passenger Car Rental and Hiring in New Zealand Industry?

    Industry companies are involved in leasing, hiring or renting out passenger cars without drivers. This includes vehicles rented on a short-term basis, or leased in the long-term over several years. Passenger cars include sedans, hatchbacks, station wagons, SUVs and minibuses. The industry does not include funding provided by leasing firms to finance leases for car purchases. Instead, finance leasing is included in other finance-related industries.

    Industry Products
    Operating vehicle leasing
    Short-term car rental
    Long-term car rental
    Other industry services
    Industry Activities
    Leasing, hiring or renting out passenger cars and light vehicles
    Leasing, hiring or renting out campervans and minibuses
    Operating fleet and novated lease services
    Operating car sharing network services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Domestic tourist visitor nights
  • International tourist visitor nights
  • Number of motor vehicles
  • Trade-weighted index

  • Current Performance
  • Industry growth
  • Strong tourism growth
  • Funding needs
  • Strengths and weaknesses
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Exchange rate
  • Opportunities and threats
  • Table: Passenger Car Rental and Hiring Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Passenger Car Rental and Hiring Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Tourism in New Zealand
  • Consumers in New Zealand

  • Key Selling Industries
  • Car Wholesaling in New Zealand
  • General Insurance in New Zealand
  • Motor Vehicle Body, Paint and Interior Repair in New Zealand
  • Motor Vehicle Engine and Parts Repair and Maintenance in New Zealand

  • Products & Services
  • Operating vehicle leasing
  • Short-term car rental
  • Long-term car rental
  • Other industry services
  • Chart: Passenger Car Rental and Hiring Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Households
  • International tourists
  • Other sectors
  • Chart: Major Market Segmentation for the Passenger Car Rental and Hiring Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Wages
  • Interest
  • Rent
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Passenger Car Rental and Hiring

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Passenger Car Rental and Hiring Industry

  • Industry Globalization
    Major Companies
    AvisBudget Group LimitedHertz New Zealand Holdings LimitedLeasePlan New Zealand Limited
  • Table: AvisBudget Group Limited - financial performance
  • Table: Hertz New Zealand Holdings Limited - financial performance
  • Table: LeasePlan New Zealand Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Passenger Car Rental and Hiring Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Passenger Car Rental and Hiring Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Novated Lease
  • A salary sacrificed lease provided to staff and paid for by an employer, which often includes servicing and maintenance. As novated leases are financial leases, they are excluded from the industry.
  • Suv
  • Stands for sports utility vehicles, which are large and rugged vehicles built on a light truck chassis, and are similar to a station wagon.
  • Tourist Visitor Nights
  • The number of nights domestic and international tourists spend on holidays, business trips, or visiting friends and relatives.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Passenger Car Rental and Hiring in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Passenger Car Rental and Hiring in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Passenger Car Rental and Hiring in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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