Car Leasing Market based on research on the subject primarily focusing on growth drivers, restraints, that will help vendors see a clear vision of the future market. It enlists the names of market players and strategies adopted by them to earn high market revenue in the forecast period.

According to the report,Car Leasing marketsizeis projected to reach USD 123.87 Billion by 2027. The Global Car Leasing Market was worth USD 69.27 billion in 2020 and will exhibit a CAGR of 7.8% during the forecast period. The rapid-paced urbanization and the growing number of smart cities is expected to propel the demand for automotive leasing services globally.

List of Key Companies Covered in the Car Leasing Market Report:

  • Avis Budget Group
  • Orix
  • ALD Automotive
  • Sixt
  • Hertz
  • Arval
  • LeasePlan
  • Europcar
  • Daimler Financial Services

Market Exhibited a Negative Growth Rate of -20.6%; COVID-19 Leads to Shutdown of Operations

As per our analysis, the market exhibited a negative growth rate of about -20.6% in 2020. Factors such as the imposition of lockdown across several countries led to the halting of several industrial operations. This led to the shutdown of several automotive leasing companies impacting the overall market growth. However, in the later quarter of the year, phased resumption of industrial activities has led to the companies crawling back to normalcy. The market is projected to return to its pre-pandemic levels in a couple of years.

Quick Buy - Car Leasing Market Research Report:

Increasing Number of Smart Cities to Augment Growth

As per the World Health Organization (WHO), it is estimated that about 50% of the global population is living in urban areas, and it is expected to experience a steady rise of about 60% by 2025. The increasing shift towards urban areas owing to better employment opportunities and improved lifestyle, has led to the adoption of several smart city initiatives by the governments worldwide. This is expected to propel the demand for smart mobility solutions as the surging number of cars is likely to lead to congestion problems across cities. Therefore, this is anticipated to contribute to the global car leasing market growth in the forthcoming years.

Major Companies Focus on Investment in RandD Activities to Brighten Their Market Prospects

The market comprises small, medium, and large companies that are striving to maintain a stronghold. The prominent companies are investing in RandD activities to develop innovative car leasing solutions amid high demand from the consumers globally. Moreover, other key players are adopting organic and inorganic growth strategies to maintain their position in the fiercely competitive global marketplace during the foreseeable future.

August 2020 AVIS Budget Group, one of the major vehicle leasing companies, announced the launch of its car subscription mobility services solution, AVIS Flexi 12. As per the company, the solution allows the customer to choose a car of his choice that can be registered under the company’s private licensing plate.

Global Car Leasing Market Segmentation:

By Application Type:

  • Business Use
  • Personal Use

By Lease Type:

  • Open-End
  • Close-End

By Geography:

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East and Africa (South Africa, GCC, and Rest of Middle East and Africa)

Geographical Analysis:

  • North America (The U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • The Middle East and Africa (South Africa, GCC, and the Rest of the Middle East and Africa)

Frequently Asked Questions:

What is the Scope of this market?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

What are the key segments in this market?

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

Which market dynamics affect the business?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. Market Reports market Reports.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email:[email protected]
Fortune Business Insights™

Press Release Distributed by The Express Wire

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]