Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
8567.0 - Hire Services, Australia, 2002-03  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 18/06/2004   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MEDIA RELEASE

June 18, 2004
Embargoed: 11:30 AM (AEST)
107/2004
Motor vehicle hire generates $2 billion in income

New figures about three distinct areas of hire services in Australia, was released today by the Australian Bureau of Statistics.

Motor Vehicle Hire and Leasing

In 2002-03, Australia's motor vehicle hire and leasing services businesses generated $2 billion in income. Under half of this income ($900 million (m) or 45%) came from the rental or hire of motor vehicles, with cars accounting for most of this income (77%).

The rental of motor vehicles to household clients accounted for more than half of the total rental/hire income ($480m or 51%), while commercial clients accounted for 37% ($345m) of the total.

Other findings from motor vehicle hire and leasing included:
    • Vehicles hired from airports accounted for 38% ($360m) of the hire/rental income.
    • There were 61,000 vehicles in Australia's rental fleet as at June 2003, with 30% of the total rental fleet based in Queensland.
    • As at June 2003, there were 400 businesses employing 6,800 people.
    • Operating profit before tax was $170m, which resulted in an operating profit margin of 8.8%.

Plant and Equipment Hire

In 2002-03, Australia's plant hiring and leasing businesses generated $2.6 billion in income. The highest income earner from the hire of plant and equipment came from cranes (17% or $380m), followed by scaffolding (16% or $360m) and earthmoving equipment (12% or $250m).

Other findings for plant and equipment hire included:
    • Approximately one-third (33%) of all hire/leasing income came from short-term plant and equipment hire (i.e. rented for one month to less than 12 months).
    • As at June 2003, there were 1,200 businesses employing 13,700 people.
    • Operating profit before tax was $350m, which resulted in an operating profit margin of 13.5%.

Personal and Household Goods Hire

Australia's personal and household goods hiring businesses generated $360m in income in 2002-03 (90% of this income was from the hire of goods). Less than half of the hire income from goods ($155m), was made from the hire of party/event/function/exhibition goods and equipment.

Almost one-third (32%) of all hire income came from goods that were rented for two days to less than a week. One-quarter of hire income was earned from the hire of goods for periods of 12 months or longer.

Other findings from personal and household goods hire included:
    • Victoria had the greater share of total income (32%), followed by New South Wales (31%).
    • As at June 2003, there were 500 businesses employing 4,200 people.
    • Operating profit before tax was $20m, which resulted in an operating profit margin of 5.5%.

Further information is in Hire Services, Australia, 2002-03 (cat. no. 8567.0).

Media Note: This publication contains information about three distinct and unrelated areas of hire services in Australia. Each area should be reported in isolation.

One billion = one thousand million


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.