The global car leasing market is projected to grow at a CAGR of 15% in the forecast period of 2025- 2034. As per the analysis by Expert Market Research, the market is expected to be driven by the rapidly recovering international tourism and the increasing global business leasing segment.
Rapid recovery of travel and tourism to pre-COVID levels is strengthening the market growth of the global car lease market. Global accommodation occupancy rates rose to 65% in November 2023, up from 62% in 2022. Europe is set to lead in 2024, with Romania and Bulgaria joining the Schengen area in March and Paris hosting the Summer Olympics in July-August 2023. Strong U.S. travel, supported by a strong dollar, will benefit the Americas and beyond. Robust markets in Europe, the Americas, and the Middle East will continue driving global tourism flows and spending.
The business lease segment remains dominant due to its popularity among organizations leasing cars for upper management. It offers flexibility and cost savings for employees who can keep the vehicle after their service ends.
The private lease segment of the car leasing market is also growing, driven by younger consumers' preference for access over ownership, aligning with the sharing economy and subscription services trend.
In May 2024, Kia India partnered with Orix Auto Infrastructure Services to launch the "Kia Lease" program. It enhances brand accessibility and provides customers with a hassle-free ownership experience. This initiative, introduced through a Memorandum of Understanding (MoU), allows customers to lease Kia vehicles without worrying about maintenance, insurance, or resale. The first phase has been launched in Delhi NCR, Mumbai, Hyderabad, Chennai, Bengaluru, and Pune.
Latest Updates on Top Car Leasing Companies Worldwide:
In March 2025, BYD partnered with Arval to expand electric vehicle leasing options in the UK. This agreement facilitates increased accessibility to BYD’s EV lineup through flexible leasing solutions. Additionally, the partnership aims to support the transition to sustainable mobility by offering businesses and individuals cost-effective leasing plans for electric cars.
In July 2024, BYD announced a new partnership with a leading European leasing provider to expand its electric vehicle leasing options. This agreement facilitates greater accessibility to BYD’s EV lineup for businesses and individuals across Europe. Additionally, the collaboration aims to accelerate the adoption of sustainable mobility through flexible and cost-effective leasing solutions.
In May 2024, Mufin Green Finance partnered with Roadcast to enhance electric vehicle leasing solutions in India. This agreement facilitates advanced fleet management and financing options, making EV adoption more accessible for businesses. Additionally, the collaboration aims to drive sustainable mobility by integrating smart tracking and efficient leasing models for electric vehicles.
In May 2024, Kia announced a partnership with ORIX to introduce a vehicle leasing program in India. This agreement facilitates flexible leasing options for customers, offering a hassle-free alternative to car ownership. Additionally, the initiative aims to enhance accessibility to Kia’s lineup while promoting cost-effective and convenient mobility solutions.
Top 4 Car Leasing Companies Worldwide (2025) | Best Picks
1. ALD Automotive Pvt Ltd
| Headquarters: |
France |
| Establishment: |
1968 |
| Website: |
www.ayvens.com |
ALD Automotive through its subsidiary Ayvens, offers car leasing services. The company is part of the Societe Generale group, combining their complementary capabilities and expertise to reimagine mobility. The company was founded in Paris in 1968. It has 15,700 employees. It has a fleet of 3.4 million vehicles, which includes 428 thousand in 44 countries.
2. Arval BNP Paribas Group
| Headquarters: |
France |
| Establishment: |
1989 |
| Website: |
www.arval.com |
Arval, a BNP Paribas Group company founded in 1989, specialises in full-service vehicle leasing and new mobility solutions. The company operates in 29 countries with over 8,400 employees. Arval leased 1.7 million vehicles by December 2023. Its strategy includes vehicle leasing, car sharing, carpooling, bikes, and electric scooters. Arval is a founding member of the Element-Arval Global Alliance and supports the Arval Mobility Observatory for industry insights.
3. Wheels Inc.
| Headquarters: |
USA |
| Establishment: |
1939 |
| Website: |
www.wheels.com |
Wheels Inc. is one of the largest fleet management companies in North America. The company has 800,000 vehicles under management. Its global alliance spans 59 countries, serving renowned businesses across various industries. It manages sales and service fleets, trucks and equipment, and last-mile delivery. Committed to customer service, the company supports various businesses, driving their success.
4. ORIX Corporation
| Headquarters: |
Japan |
| Establishment: |
1964 |
| Website: |
www.orix.co.jp |
ORIX Group operates globally in 10 diversified business segments. These segments include financing, investment, life insurance, banking, asset management, real estate, concessions, environment and energy, automotive services, industrial/ICT equipment, ships, and aircraft. The company leverages diverse expertise and innovative thinking to drive sustainable development worldwide. The company has 1,132 consolidated companies. In FY 2024, the company accounted for JPY 346.1 billion of net income.