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Car Rental & Leasing in Serbia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

RS-N771 March 2024 Factsheet

Revenue

€122.2m

2019-2024 4.4 %
2024-2029 X.X %

Employees

694

2019-2024 2.8 %
2024-2029 X.X %

Businesses

383

2019-2024 5.4 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 XX.X %
2024-2029 X.X %

Car Rental & Leasing in Serbia market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Serbia compared to Europe?

Country Benchmarking

Industry Data Serbia

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#31 In Europe
Business
#27 In Europe
Employees
#30 In Europe
Wages
#34 In Europe

The Car Rental & Leasing in Serbia ranks 31st in Europe with regards to its 2024 revenue (€122.2m). Revenue received by operators in Serbia has been low in volatility over the past five-year period, with the average annual change in revenue (4.4 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Car Rental & Leasing industry in Serbia in 2024?

The market size of the Car Rental & Leasing industry in Serbia is €122.2m in 2024.

How many businesses are there in the Car Rental & Leasing in Serbia industry in 2024?

There are 383 businesses in the Car Rental & Leasing industry in Serbia, which has grown at a CAGR of 5.4 % between 2019 and 2024.

Has the Car Rental & Leasing industry in Serbia grown or declined over the past 5 years?

The market size of the Car Rental & Leasing industry in Serbia has been declining at a CAGR of 4.4 % between 2019 and 2024.

What is the forecast growth of the Car Rental & Leasing industry in Serbia over the next 5 years?

Over the next five years, the Car Rental & Leasing industry in Serbia is expected to grow.

What does the Car Rental & Leasing in Serbia include?

Car leasing and Car rental are part of the Car Rental & Leasing industry.

How competitive is the Car Rental & Leasing industry in Serbia?

The level of competition is high and steady in the Car Rental & Leasing industry in Serbia.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in the industry rent cars, trucks and other motor vehicles to private users and businesses on a short-term basis. Some companies also lease out cars and other vehicles long-term, offering customers the option to purchase the vehicle at the end of the leasing period. The industry also includes the renting or leasing of heavy goods vehicles and vehicles with drivers.

What's included in this industry?

Car leasingCar rentalTruck leasingTruck rental

Industry Code

ISIC 2006

771 - Renting and leasing of motor vehicles in Serbia

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Car Rental & Leasing in Serbia
  • Employees in the Car Rental & Leasing in Serbia
  • Business in the Car Rental & Leasing in Serbia
  • Profit in the Car Rental & Leasing in Serbia

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Emission rules drive change for car rental and leasing companies. Stricter emissions standards are pushing companies to bring more eco-friendly vehicles into their fleets to sidestep hefty daily charges for emissive vehicles.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Car Rental & Leasing in Serbia industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Intense price competition limits profit growth. Competitive pressures are encouraging companies to slash prices to attract more demand, particularly in the rental segment. In fact, most large-scale rental companies operate a high-volume, low-margin business model.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Car Rental & Leasing in Serbia industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

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

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

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.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.