Table of Contents
Overview
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- What you need to know
- Covered in this Report
Executive Summary
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- The market
- Fleet services market forecast to record ongoing growth despite difficulties
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- Figure 1: UK fleet services market, £ billion, 2014-23
- Companies and brands
- Signs of consolidation across the European market
- Catalysed digital transformation
- What we think
Issues and Insights
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- Continued air of uncertainty surrounding Brexit
- The facts
- The implications
- Mounting diesel scrutiny
- The facts
- The implications
The Market – What You Need to Know
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- Value continues to rise despite unfavourable market conditions
- Market forecast to continue to grow steadily
Market Size
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- The market maintains stubborn growth in 2018 amid uncertainty
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- Figure 2: UK fleet services market, £ billion, 2014-18
Market Forecast
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- Fleet services set to recover momentum
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- Figure 3: UK fleet services market forecast, £ billion, 2019-23
- The consolidation of alternatively-fuelled vehicles
- UK labour force set to continue to drive demand
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- Figure 4: UK employment forecast, millions, Q2 2018-Q1 2024
The Impact of the Economy
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- GDP suppressed but continues in the green
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- Figure 5: UK Gross Domestic Product, quarterly economic growth, Q1 2014-Q3 2018
Market Trends
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- New fleet registrations
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- Figure 6: UK fleet registrations, 2011-18
- Alternatively fuelled vehicles continue to grow market share
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- Figure 7: UK AFV registrations, 2011-18
- Employment levels hit a record high
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- Figure 8: UK employment levels, '000 people, Q1 2013-Q3 2018
- Fuel pricing
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- Figure 9: Road fuel prices, pence per litre, December 2014-18
Market Drivers
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- Catalysed digital transformation
- Collection and processing of data
- The business landscape
- Business confidence slips in the second half of 2018
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- Figure 10: UK business confidence, Q1 2014-Q4 2018
- Business investment slips in 2018
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- Figure 11: UK business investment, £ million, Q1 2014-Q3 2018
Companies and Brands – What You Need to Know
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- Significance of SMEs
- Signs of consolidation across the European market
Industry Structure
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- Changes in the structure of the industry
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- Figure 12: Analysis of the changes in the renting and leasing of cars and light motor vehicles, by number of businesses and outlets, 2014-18
- Structure by employment
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- Figure 13: Analysis of the employment structure of the renting and leasing of cars and light motor vehicles, number of employees and outlets, 2017 and 2018
- Structure by turnover
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- Figure 14: Analysis of the financial structure of the renting and leasing of cars and light motor vehicles, £'000 and number of businesses, 2017 and 2018
Competitive Strategies
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- Increasing integration of AFVs
- Growth of fleet connectivity
Company Profiles
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- ALD Automotive
- Recent company activity
- Financial information
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- Figure 15: Financial analysis of ALD Automotive group ltd, £ million, 2013-17
- Alphabet (GB) Ltd
- Recent company activity
- Financial information
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- Figure 16: Financial analysis of Alphabet (GB) Ltd, £ million, 2013-17
- Arval UK Group Ltd
- Recent company activity
- Financial information
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- Figure 17: Financial analysis of Arval UK Group Ltd, £ million, 2013-17
- Leaseplan UK
- Recent company activity
- Financial information
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- Figure 18: Financial analysis of Leaseplan UK, £ million, 2013-17
- Lex Autolease
- Recent company activity
- Financial information
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- Figure 19: Financial analysis of Lex Autolease, £ million, 2013-17
- Mercedes Benz Financial Services
- Recent company activity
- Financial information
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- Figure 20: Financial analysis of Mercedes Benz Financial Services UK, £ million, 2013-17
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- ACFO (Association of Car Fleet Operators)
- British Vehicle Renting & Leasing (BVRLA)
- Finance and Leasing Association
- Institute of Car Fleet Management
- Retail Motor Industry Federation
- Society of Motor Manufacturers & Traders (SMMT)
- Trade magazines
- Fleet News
- Fleet World
- Motor Transport
- Trade events
- Fleet Live
- Fleet Show 2019
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