On the move: Domestic and international tourism growth is driving the industry's expansion

The Passenger Car Rental and Hiring industry provides vehicles to households, tourists, businesses and other organisations on a short- or long-term basis. Several factors influence demand for the industry's services, including domestic and international tourism levels, consumer sentiment, business confidence and the number of motor vehicles sold across the country. Rising tourist numbers have driven strong demand for rental cars over the past five years, supporting the industry's performance.Industry revenue is expected to increase at an annualised 4.0% over the five years through 2018-19, to $1.7 billion. This includes anticipated growth of 1.5% in 2018-19. Rising domestic and international tourist visitor nights have driven demand growth over the past five years...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • The industry has benefited from rising international and domestic tourism in New Zealand
  • Mostly positive business confidence has boosted demand for vehicle leasing over the five-year period
  • A rise in the motor vehicle price index may increase demand for car rentals
  • Industry Report - Starting a New Business Chapter

    The Passenger Car Rental and Hiring industry exhibits moderate barriers to the industry for new firms. New entrants require funds to acquire a vehicle fleet. While large capital investments are required to purchase vehicles to rent or hire out, these expenses can be offset by incoming lease revenue. However, the industry's high capital requirements have partly diminished due to car sharing firms entering the industry over the past five years.Existing industry players benefit from branding and well-established positions across key markets. This can make it difficult for new firms to attract customers, despite often offering lower prices. Fur...purchase to read more.

    Additional Insights for the Passenger Car Rental and Hiring Industry

    IBISWorld has determined the most important Key Success Factors for the Passenger Car Rental and Hiring 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 days in the Passenger Car Rental and Hiring industry impact industry performance..

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    What's in this report

    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. 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Domestic tourist visitor days
  • International tourist visitor days
  • 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

  • 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
    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
  • Internal competition
  • External competition

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

  • Industry Globalization
    AvisBudget Group Limited, Hertz New Zealand Holdings Limited, LeasePlan New Zealand Limited,
  • Table: AvisBudget Group Limited - financial performance
  • Table: Hertz New Zealand Holdings Limited - financial performance
  • Table: LeasePlan New Zealand Limited - financial performance

  • 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
    Table: Industry Data for the Passenger Car Rental and Hiring Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Passenger Car Rental and Hiring in New Zealand market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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