Australia Car Leasing and Rental Market Future Outlook: Ken Research

“Low Australian dollar (AUD) exchange rate, rising number of millennial and growing tourism are some of the key factors that will collectively drive the growth within Australia Car Leasing and Rental Market”

Analysts at Ken Research within their latest publication 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 Statebelieve that the market is expected to register positive growth at CAGR of 1.6% in terms of operating leasing revenue; 1.8% in terms of fleet size in car rental segment, 3.3% in terms of rental revenue; and 10.6% in terms of fleet size in ride hailing segment and lastly, 11.5% in terms of ride hailing revenue during the forecasted period 2019-2023.

Growing Workforce: The working professionals primarily drive the demand for car leasing, rental and ride hailing in Australia. The working population of Australia grew at a CAGR of 1.5% during the period 2013-2018. In terms of individual demand, Sedan and SUVs are the most preferable category.

Increasing Number of Establishments: SMEs and Corporatesare the major users of car rental and leasing services in Australia. They tend to require cars for long term use which they procure through leasing. Additionally, they require cars for company trips and site visits which they source through car rental. The total number of Small and Medium establishments in Australia grew at a CAGR of 2.4% during the period 2013-2018, stimulated by the expansion of end user industries as well as the entry of new industrial players in the country during the period.

Tourism Industry: The demand for the car rental in Australia has enhanced in the past few years with the rise in inbound and domestic tourist arrivals. The Tourism 2020 plan launched by Tourism Australia with the aim of improving tourism conditions and achieving more than AUD 115 billion in tourist overnight spend and the falling value of the Australian Dollar were in particular the main reason behind the rise in car rentals. Inbound tourists in Australia grew at a CAGR of 7.4% over the period 2013-2018.

The car rental and leasing market of Australia is currently on the verge of reaching Maturity in its growth. The market houses approximately 1,200 players overall with majorly 5-6 national operators, while the rest operate within cities and have localized presence. The competition in the industry is divided between national operators and regional operators with service offerings differing from one operator to another. National operators include Avis, Budget, and Hertz, Thrifty and Europcar and others. Also, national operators have a large chunk of their stores and locations at airports, where majority of the demand arises from inbound tourists. They derive the right to operate at airports by primarily obtaining concessions.

Key Segments Covered in Australia Car Rental and Leasing Market

Australia Car Leasing Market

By Type of Car





By Region

New South Wales



Western Australia

Other States (Tasmania and South Australia)

By End User


Construction and Engineering



Others (Logistics and Utility Industry)

Australia Car Rental Market

By Type of Car


Ute and LCVs


By Rental Purpose



By Booking Mode



Australia Ride Hailing Market

By Type of Ride

Sedan / Economy / Mini

SUV and Ute


By Hailing Purpose




By State

New South Wales



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


Summit Fleet

Car Rental Companies

Avis Australia

Hertz Australia

Budget Australia

Thrifty Australia

Europcar Australia

Cab Aggregators





Taxify (Bolt)

Key Topics Covered in the Report:-

Car Sharing Market in Australia

Passenger car rental and hiring in Australia

Fleet market size Australia

Ride Sharing Market Australia

Ridesharing Companies in Australia

Australia Cab Sharing Market

Avis Australia Car Rentals Market Share

Budget Australia Car Rental Market Competitors

Inbound Tourists Market Growth in Australia

Inter City Travel in Australia

Melbourne Car Leasing Market Share

Uber Australia Market Share

Airport car rentals Brisbane

Thrifty car rental Sydney airport

Car Hire Sydney Airport

Sedan Car Rental Industry Sydney

Ola Market Share in Australia

To Know More, Click On The Link Below:-

Australia Car Leasing and Rental Industry

Related Reports by Ken Research:-

Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)

Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 - Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector

Costa Rica Car Rental, Leasing, Cab Aggregator and Red Taxi Market Outlook to 2023 - Driven by Inbound and Domestic Tourist Arrivals and Integration of Electric Vehicles in Current Fleet

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications