2014-04-02 06:05:02 - Renting of Land Transport Equipment in Australia: ISIC 7111 - a new market research report on companiesandmarkets.com
Having grown 6% annually over 2000-2010, the Australian industry of renting land transport equipment remains very dependent on tourism, and its future growth will be largely linked to country´s attractiveness to foreign visitors. After growing 70% over the review period as a whole, the total market reached a value of A$2.6 billion in 2010.
The largest year-on-year growth of 18% came in 2001, and the greatest decline of 4% in 2009, as the economic downturn was at its worst. The industry has an important role in the Australian economy, especially in the travel and tourism category, where travellers and tourists often require easy transportation options.
The wider motor vehicle hiring business is estimated to have 42% dependence on tourism. Businesses are the
largest buyers with their spending accounting for 73% of market value in 2010.
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