Car Sharing Activities in the UK - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: February 2024
SIC SP0.083Revenue
£249.7m
Past 5-Year Growth
Profit
£X.Xm
Employees
508
Businesses
84
Wages
£XX.Xm
Car Sharing Activities in the UK industry analysis
Over the five years through 2023-24, revenue is projected to swell at a compound annual rate of 3.3% to £249.70 million. Amid the cost-of-living crisis and economic uncertainty, young people, the primary market for the car sharing service industry, are refraining from buying their own vehicles due to high ownership costs and soaring fuel prices. Consequently, car-sharing services emerge as a more economical and flexible alternative for one-off uses in urban areas, free from ongoing expenses like maintenance, insurance and road taxes. As car club memberships grow, the industry faces the challenge of deploying more vehicles, which, with high start-up costs and fierce price competition, weighs on profitability.
Trends and Insights
- Plunging new car sales drive people towards car sharing. People feeling the cost-of-living squeeze are avoiding car ownership, opting to use car sharing services as and when they need to instead.
- Younger consumers remain the biggest market. They’re likely to have lower incomes (so aren't as likely to buy a car) and are more tech savvy than older people, meaning they can easily navigate car sharing apps.
- Population levels are a key consideration for car sharing companies. Given car sharing is most popular in urban areas, providers are drawn to the most populous regions, like London and the South East.
- Price competition is rife. Car sharing providers’ rates are often lower than running costs – they rely on high volumes to drive growth instead.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.3 % over the past five years, to reach an estimated £249.7m in 2024.
Trends and Insights
New car sales remain low, driving up memberships for car clubs
- Although 2023 saw a rise in new car sales, figures remain below average, reports FleetNews, as cost-of-living pressures and high interests suppress private consumer demand. This dampened demand for new cars paves the way for alternative transport options.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Growing urban populations bolster car sharing providers
- More and more people will choose car sharing services over owning and leasing vehicles as the latter has higher running costs. Businesses seeking to enhance flexibility will also sign up for car sharing services to reduce the costs of running and maintaining their own fleet.
Biggest companies in the Car Sharing Activities in the UK
| Company | Market Share (%)
2024 | Revenue (£m)
2024 |
|---|---|---|
Zipcar (UK) Ltd | 52.3 | |
Enterprise Rent-A-Car UK Ltd | 23.5 | |
DriveNow UK Ltd | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Car Sharing Activities in the UK
Products & Services
Industry revenue is measured across several distinct product and services lines, including Car sharing , Van sharing and Other light commercial vehicle sharing . Car sharing is the largest segment of the Car Sharing Activities in the UK.
Trends and Insights
Growing demand from urban commuters drives the car sharing segment
- Car sharing is primarily provided to private individuals, either by the hour or by the day, who need access to vehicles for their commute.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Car Rental & Leasing in the UK
- Truck Rental & Leasing in the UK
- Bus & Tramway Operations in the UK
- Urban Passenger Rail Operations in the UK
Complementors
- Motor Vehicle Manufacturing in the UK
- Used Car & Light Motor Vehicle Dealers in the UK
- Other Motor Vehicle Sales in the UK
International industries
- Global Car & Automobile Sales
- Car Sharing Providers in the US
- Construction Machinery Manufacturing in Canada
- Car Sharing Providers in Australia
- Motor Vehicle Engine and Parts Repair and Maintenance in New Zealand
Table of Contents
About this industry
Industry definition
This industry is composed of establishments that offer membership-based car rental services, typically for shorter time periods and distances than traditional car rental and leasing firms. Although pricing structures may vary, car sharing companies often charge by the mile and by the minute or hour, in addition to a flat fee.
What's included in this industry?
Car sharingVan sharingOther light commercial vehicle sharingCompanies
Zipcar (UK) LtdEnterprise Rent-A-Car UK LtdDriveNow UK LtdPurchase this report to view all 3 major companies in this industry.
Related Terms
RIDE SHARING SERVICESELECTRIC VEHICLE MOBILITY OPTIONSIndustry Code
SIC 77.11 - Car Sharing Activities in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Plunging new car sales drive people towards car sharing. People feeling the cost-of-living squeeze are avoiding car ownership, opting to use car sharing services as and when ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Younger consumers remain the biggest market. They’re likely to have lower incomes (so aren't as likely to buy a car) and are more tech savvy than older people, meaning they c...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Population levels are a key consideration for car sharing companies. Given car sharing is most popular in urban areas, providers are drawn to the most populous regions, like ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Price competition is rife. Car sharing providers’ rates are often lower than running costs – they rely on high volumes to drive growth instead.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Zipcar focuses on expanding its member base. The company’s member numbers surged by 130% between 2018 and 2023, helping to keep sales flowing and propelling growth.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Zipcar (UK) Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Enterprise Rent-A-Car UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of DriveNow UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Zipcar (UK) Ltd, and factors influencing its performance in the industry
- Description and key data for Enterprise Rent-A-Car UK Ltd, and factors influencing its performance in the industry
- Description and key data for DriveNow UK Ltd, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Emissions regulations boost car sharing. Things like the ULEZ can draw customers in – instead of using private vehicles, which might not meet requirements, they can rest safe...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit remains fairly weak. It’s held back by investment in new vehicles (especially electric vehicles) and the low rate car sharing providers charge.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Car Sharing Activities in the UK industry in United Kingdom in 2024?
The market size of the Car Sharing Activities in the UK industry in United Kingdom is £249.7m in 2024.
How many businesses are there in the Car Sharing Activities in the UK industry in 2024?
There are 84 businesses in the Car Sharing Activities in the UK industry in United Kingdom, which has grown at a CAGR of 1.8 % between 2019 and 2024.
Has the Car Sharing Activities in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Car Sharing Activities in the UK industry in United Kingdom has been growing at a CAGR of 3.3 % between 2019 and 2024.
What is the forecast growth of the Car Sharing Activities in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Car Sharing Activities in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Car Sharing Activities in the UK market in United Kingdom?
The biggest companies operating in the Car Sharing Activities market in United Kingdom are Zipcar (UK) Ltd, Enterprise Rent-A-Car UK Ltd and DriveNow UK Ltd
What does the Car Sharing Activities in the UK in United Kingdom include?
Car sharing and Van sharing are part of the Car Sharing Activities in the UK industry.
Which companies have the highest market share in the Car Sharing Activities in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Zipcar (UK) Ltd.
How competitive is the Car Sharing Activities in the UK industry in United Kingdom?
The level of competition is high and increasing in the Car Sharing Activities in the UK industry in United Kingdom.
