Introduction
The global vehicle leasing market is forecast to grow at a CAGR of 5.5% from 2022 to 2029. The market is driven by factors such as the growing demand for vehicle leasing among individuals and businesses and the advantages of vehicle leasing over buying vehicles outright. This report provides an in-depth analysis of the global vehicle leasing market, with a focus on the market opportunity and forecast for the period from 2022 to 2029. It covers the market dynamics and trends that are expected to impact the growth of the vehicle leasing market during this period. The report also analyzes the key players in the market and provides insights into their business.
Market Overview
The market is driven by factors such as the rise in demand for fuel-efficient and environment-friendly vehicles, and the increasing preference for long-term leases.
However, the market faces challenges such as the high cost of vehicle leasing, and the strict government regulations regarding emissions. Moreover, the fluctuating prices of crude oil are expected to impact the growth of the market during the forecast period.
Market Dynamics
There are numerous factors that are driving the growth of the global vehicle leasing market. Firstly, the rising concerns over air pollution and fuel economy are resulting in consumers opting for lease vehicles over purchasing new vehicles. Secondly, governments across the globe are encouraging the use of lease vehicles through various initiatives and regulations. This is further fuelling the growth of the market. Thirdly, the availability of a wide range of lease options and flexible terms is also acting as a key driver for the market. Lastly, with the increasing disposable incomes and changing lifestyles, people are now preferring to lease vehicles rather than purchase them.
The above-mentioned drivers are expected to continue fuelling the growth of the global vehicle leasing market during the forecast period. However, there are some challenges that could hamper the market growth. These include stringent government regulations regarding emissions and fuel economy, and the high cost of lease vehicles as compared to purchasing new vehicles. Nevertheless, with the increasing awareness about environmental protection and fuel efficiency, these challenges are expected to be mitigated over time.
Covid-19 Impact on Vehicle Leasing Market:
The outbreak of the covid-19 had a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in the supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Report Includes
An overview of the global Vehicle Leasing market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Vehicle Leasing market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Vehicle Leasing market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Vehicle Leasing market for components from 2020 through 2027
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The Vehicle Leasing market is segmented on the basis of Type, Application, and Region.
The vehicle leasing market is broadly classified into two segments, namely operational and finance lease. Operational leasing is also known as full-service leasing or contract hiring. In this type of lease, the financial risks associated with vehicle ownership are borne by the lessor, who also provides maintenance services. The lessee only pays a monthly rental fee and is not required to pay for any repairs or maintenance.
Finance leases are typically used by businesses for vehicles that are essential to their operations. In this type of lease, the lessee bears all the risks and rewards associated with vehicle ownership. The monthly rental payments made by the lessee include both the principal and interest on the loan used to purchase the vehicle.
The vehicle leasing market has been growing at a rapid pace in recent years owing to the numerous benefits offered by leasing arrangements. Some of the key benefits include lower monthly payments, fixed interest rates, and flexible terms. Leasing also offers certain tax advantages as compared to owning a vehicle outright.
The global vehicle leasing market is further segmented on the basis of application into passenger cars and commercial vehicles. Passenger cars have been traditionally the largest application segment for vehicle leases. However, in recent years, there has been a shift towards leasing commercial vehicles such as buses and trucks owing to the numerous benefits offered by these arrangements.
The global vehicle leasing market is growing at a rapid pace owing to the increase in demand for vehicles from various end-use industries. The automotive industry is one of the major end-use industries of vehicles, and the rising demand for vehicles from this sector is fuelling the growth of the vehicle leasing market.
Apart from the automotive industry, there are other sectors such as construction, mining, and logistics that also use vehicles extensively. These industries are expected to drive the growth of the vehicle leasing market in the coming years.
The increasing number of fleet operators is another factor that is driving the growth of the vehicle leasing market. Fleet operators prefer to lease vehicles as it offers them several benefits such as lower maintenance costs, flexibility in terms of usage, and tax benefits.
Global Vehicle Leasing Market Competitive Analysis:
Key players in the Global Vehicle Leasing market are
ORIX
ALD Automotive
Avis Budget Group
Sixt
Enterprise
Hertz
Arval
Leaseplan
Europcar
Movida
CAR Inc
Daimler Financial Services
General Motor Financial Company and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Vehicle Leasing market is distributed on the basis of the below-mentioned segments:
Global Vehicle Leasing Market, By Type:
The global vehicle leasing market is forecast to grow at a CAGR of 5.5% from 2022 to 2029. The market is driven by factors such as the growing demand for vehicle leasing among individuals and businesses and the advantages of vehicle leasing over buying vehicles outright. This report provides an in-depth analysis of the global vehicle leasing market, with a focus on the market opportunity and forecast for the period from 2022 to 2029. It covers the market dynamics and trends that are expected to impact the growth of the vehicle leasing market during this period. The report also analyzes the key players in the market and provides insights into their business.
Market Overview
The market is driven by factors such as the rise in demand for fuel-efficient and environment-friendly vehicles, and the increasing preference for long-term leases.
However, the market faces challenges such as the high cost of vehicle leasing, and the strict government regulations regarding emissions. Moreover, the fluctuating prices of crude oil are expected to impact the growth of the market during the forecast period.
Market Dynamics
There are numerous factors that are driving the growth of the global vehicle leasing market. Firstly, the rising concerns over air pollution and fuel economy are resulting in consumers opting for lease vehicles over purchasing new vehicles. Secondly, governments across the globe are encouraging the use of lease vehicles through various initiatives and regulations. This is further fuelling the growth of the market. Thirdly, the availability of a wide range of lease options and flexible terms is also acting as a key driver for the market. Lastly, with the increasing disposable incomes and changing lifestyles, people are now preferring to lease vehicles rather than purchase them.
The above-mentioned drivers are expected to continue fuelling the growth of the global vehicle leasing market during the forecast period. However, there are some challenges that could hamper the market growth. These include stringent government regulations regarding emissions and fuel economy, and the high cost of lease vehicles as compared to purchasing new vehicles. Nevertheless, with the increasing awareness about environmental protection and fuel efficiency, these challenges are expected to be mitigated over time.
Covid-19 Impact on Vehicle Leasing Market:
The outbreak of the covid-19 had a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in the supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Report Includes
An overview of the global Vehicle Leasing market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Vehicle Leasing market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Vehicle Leasing market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Vehicle Leasing market for components from 2020 through 2027
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The Vehicle Leasing market is segmented on the basis of Type, Application, and Region.
The vehicle leasing market is broadly classified into two segments, namely operational and finance lease. Operational leasing is also known as full-service leasing or contract hiring. In this type of lease, the financial risks associated with vehicle ownership are borne by the lessor, who also provides maintenance services. The lessee only pays a monthly rental fee and is not required to pay for any repairs or maintenance.
Finance leases are typically used by businesses for vehicles that are essential to their operations. In this type of lease, the lessee bears all the risks and rewards associated with vehicle ownership. The monthly rental payments made by the lessee include both the principal and interest on the loan used to purchase the vehicle.
The vehicle leasing market has been growing at a rapid pace in recent years owing to the numerous benefits offered by leasing arrangements. Some of the key benefits include lower monthly payments, fixed interest rates, and flexible terms. Leasing also offers certain tax advantages as compared to owning a vehicle outright.
The global vehicle leasing market is further segmented on the basis of application into passenger cars and commercial vehicles. Passenger cars have been traditionally the largest application segment for vehicle leases. However, in recent years, there has been a shift towards leasing commercial vehicles such as buses and trucks owing to the numerous benefits offered by these arrangements.
The global vehicle leasing market is growing at a rapid pace owing to the increase in demand for vehicles from various end-use industries. The automotive industry is one of the major end-use industries of vehicles, and the rising demand for vehicles from this sector is fuelling the growth of the vehicle leasing market.
Apart from the automotive industry, there are other sectors such as construction, mining, and logistics that also use vehicles extensively. These industries are expected to drive the growth of the vehicle leasing market in the coming years.
The increasing number of fleet operators is another factor that is driving the growth of the vehicle leasing market. Fleet operators prefer to lease vehicles as it offers them several benefits such as lower maintenance costs, flexibility in terms of usage, and tax benefits.
Global Vehicle Leasing Market Competitive Analysis:
Key players in the Global Vehicle Leasing market are
ORIX
ALD Automotive
Avis Budget Group
Sixt
Enterprise
Hertz
Arval
Leaseplan
Europcar
Movida
CAR Inc
Daimler Financial Services
General Motor Financial Company and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Vehicle Leasing market is distributed on the basis of the below-mentioned segments:
Global Vehicle Leasing Market, By Type:
- Business Leasing
- Leisure Leasing
- Others
- Airport
- Off-Airport
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Vehicle Leasing MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2022-2029
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Vehicle Leasing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Vehicle Leasing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Vehicle Leasing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Vehicle Leasing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Vehicle Leasing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Vehicle Leasing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
