Passenger Car Rental and Hiring in New Zealand - Market Research Report

error_outline Covid-19 Impact Update - Passenger Car Rental and Hiring in New Zealand

IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

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This subdivision includes the Passenger Car Rental and Hiring industry, which is anticipated to report a significant decline in demand as inbound international tourism falls.

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International tourists were expected to account for 24.9% of industry revenue in 2019-20, representing a key driver of industry expansion. As Chinese tourists represent 10.5% of total visitors to New Zealand, the decrease in visitors from China is anticipated to adversely affect this industry. Furthermore, tourism from China had already fallen significantly during 2019, with visitor arrivals declining by 9.2% over the year.

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However, as the rest of the subdivision is primarily service-based and focused on the domestic market, the COVID-19 outbreak is only expected to lightly affect these industries.

Note: The content in this report is currently being updated to reflect the trends outlined above.

Passenger Car Rental and Hiring industry trends (2014-2019)

poll Average industry growth 2014–2019: 4.9%

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 industry 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 5.5% over the five years through 2019-20, to $1.9 billion. This includes anticipated growth of 2.4% in 2019-20. Rising domestic and international tourist visitor nights have driven demand growth over the past...
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Passenger Car Rental and Hiring industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Passenger Car Rental and Hiring industry is projected to continue growing over next the five years, albeit at a slower rate than the past five years. Greater demand for car rentals from domestic households and international tourists, and growth in car leasing and fleet management demand from businesses are anticipated to boost the industry's performance over the next five years. As a result, industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Industry employment numbers are also projected to rise over the period. Industry employees will be required to service clients, carry out maintenance, and perform other service requirements. Demand drivers The industry's performance is anticipated...
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Passenger Car Rental and Hiring industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 990
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 4,823

Biggest companies in the Passenger Car Rental and Hiring industry

The companies holding the largest market share in the Passenger Car Rental and Hiring in New Zealand industry include AvisBudget Group Limited, Hertz New Zealand Holdings Limited and LeasePlan New Zealand Limited.

  • pie_chart AvisBudget Group Limited Market Share: x.x%
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  • pie_chart Hertz New Zealand Holdings Limited Market Share: x.x%
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  • pie_chart LeasePlan New Zealand Limited Market Share: x.x%
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What is Passenger Car Rental and Hiring industry?

Industry Definition

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 and Services

  • Operating vehicle leasing
  • Short-term car rental
  • Long-term car rental
  • Other industry services
  • All Others

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

Market research report - table of contents

Industry Definition

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.

Main 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

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Consumer sentiment indicates how consumers feel about the economy and their own financial situation. A higher consumer sentiment index reflects greater de...
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Consumer sentiment index
Domestic tourist visitor days
International tourist visitor days
Number of motor vehicles

Current Performance

Strong tourism growth
Funding needs
Strengths and weaknesses
 Chart: Revenue Growth

Industry Outlook

Exchange rate
Opportunities and threats
 Table: Passenger Car Rental and Hiring in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Passenger Car Rental and Hiring in New Zealand - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Tourism in New Zealand
Consumers in New Zealand





Key Selling Industries

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



Products & Services

The Passenger Car Rental and Hiring industry's main services are vehicle leasing services to businesses, and car rental services to domestic residents and...
Households
International tourists
Other sectors



Demand Determinants

A range of factors drive demand for passenger car rental and hiring services. This includes domestic and international tourism levels for short and long-t...
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Major Markets

Households
International tourists
Other sectors




 Chart: Major Market Segmentation for the Passenger Car Rental and Hiring in New Zealand - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

A low market share concentration level characterises the Passenger Car Rental and Hiring. In 2019-20, the four largest firms in the industry are expected ...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Passenger Car Rental and Hiring in New Zealand - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Passenger Car Rental and Hiring in New Zealand - Market Research Report Industry

Industry Globalization

AvisBudget Group Limited (Avis) operates in New Zealand as part of the US-based Avis Budget Group Inc., one of the largest car rental companies in the wor...
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Avis Budget Group

 Table: Avis Budget Group - financial performance

Hertz New Zealand

 Table: Hertz New Zealand - financial performance

LeasePlan NZ

 Table: LeasePlan NZ - financial performance

Capital Intensity

The Passenger Car Rental and Hiring industry has a high level of capital intensity, due to the extensive capital required to invest in new vehicles and to...
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 Chart: Level of Capital Intensity for the Passenger Car Rental and Hiring in New Zealand - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Passenger Car Rental and Hiring in New Zealand Industry

Industry Revenue (2008-2026)
Industry Gross Product (2008-2026)
Establishments (2008-2026)
Businesses (2008-2026)
Employment (2008-2026)
Exports (2008-2026)
Imports (2008-2026)
Wages (2008-2026)
Domestic Demand (2008-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Passenger Car Rental and Hiring industry?

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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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