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Global Car Leasing Market: By Vehicle Type: Passenger Vehicle, Commercial Vehicle; By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease; By Service Provider Type; By Tenure; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Car Leasing Market Outlook

The global car leasing market value is expected to grow at a CAGR of nearly 15% in the forecast period of 2021-2026 due to the increasing demand for car leasing.

 

Global Car Leasing Market

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The global car leasing volume distribution is primarily concentrated in Europe, followed by the Asia Pacific, and the Americas. The company car leasing industry reached a volume of 8 million units in 2020. The volume of the company car leasing market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach a volume of around 10.12 million units by 2026.

The significant regions in the car leasing industry are the United States, Canada, several parts of Western Europe, Japan, and Australia. Car leasing is popular in North America and Europe. While purchasing is the preferred model in regions like Latin America and the Asia Pacific, large companies in these regions are shifting towards leasing.

North America is one of the largest markets for fleet management and leasing. Centralization of fleet sourcing, as well as control, is driving the market in North America. Key players are currently working to centralize their car sourcing and management, ensuring better consistency and transparency of spending and allowing better control and strategic focus to be achieved. Many consumers have started to shift towards alternative fuel vehicles to save tax. The increasing traffic problems and parking issues have led the companies to consider shared mobility solutions, such as ride-hailing services.

After North America, Europe is one of the most profitable markets with most global service providers providing all the primary fleet services starting from vehicle orders to disposal. Several other leading suppliers have also begun offering mobility solutions, such as ridesharing. Alternating options for company cars, such as car-sharing and other mobility solutions, would minimize the current fleet size and thus reduce the overall cost of ownership of the car fleet. The market in Europe is being aided by the rising trend of the creation of a single flexible budget for workers, which they are free to spend on all travel needs. Some of the companies combine fleet and travel categories under a single mobility administrator.

 

Properties and Applications

Car leasing includes a variety of functions, such as vehicle leasing and financing, health, and safety management, vehicle maintenance, licensing and enforcement, driver management, speed management, supply chain management, accident, and subrogation management, vehicle telematics, fuel management, and vehicle observation. Car leasing is a function that enables companies (that rely on business transport) to eliminate or reduce the risks linked with vehicle investment, improve efficiency and productivity, reduce overall transport and staff costs and ensure total compliance with government legislation. It finds its end-uses in commercial and non-commercial sectors.

 

Global Car Leasing Market By Lease Type

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The market can be divided into the following vehicle types:

  • Passenger Vehicle
  • Commercial Vehicle

On the basis of lease type, the market can be divided into:

  • Closed Ended Lease
  • Option to Buy Lease
  • Sub-Vented Lease
  • Others

The different types of providers for the market are:

  • OEM
  • Bank Affiliated
  • Others

The tenure for car leasing could be short term or long term.

The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Car Leasing Market By Region

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Market Analysis

The drivers for the car leasing industry include the centralization of fleet sourcing and management. Driverless or self-driving vehicles are also supporting the growth of the market. Mobility management is important due to the increasing issues of traffic as well as parking issues. Fleet management makes it more organised and reduces parking issues to an extent. Car sharing is another driver, propelling the market further. It is also helping in reducing traffic and parking problems.

Many consumers have now started leasing the vehicles, instead of buying them, especially as the world economy is witnessing a slow growth.  Fleet is one of the significant spend areas, and consumers prefer outsourcing the fleet management functions to concentrate on their core business functions. The reduction of overhead costs by companies is also aiding the car leasing industry growth. The rising sales force that demands mobility solutions is leading to an increased fleet size, which is driving the car leasing industry further. The increasing adoption of electric vehicles and a reduction of diesel cars are expected to drive the industry further. Emerging economies in the Asia Pacific present a lucrative market growth opportunity for the industry players.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global car leasing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ALD Automotive Pvt Ltd
  • Arval BNP Paribas Group
  • LeasePlan Corporation N.V
  • Wheels Inc.
  • ORIX Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Lease Type, Service Provider Type, Tenure, End-Use, Region
Breakup by Vehicle Type Passenger Vehicle, Commercial Vehicle
Breakup by Lease Type Close Ended Lease, Option to Buy Lease, Sub-Vented Lease, Others
Breakup by Service Provider Type OEM, Bank Affiliated, Others
Breakup by Tenure Short-Term, Long-Term
Breakup by End-Use Commercial, Non-Commercial
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan Corporation N.V, Wheels Inc., ORIX Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Car Leasing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Car Leasing Historical Market (2016-2020) 
    8.3    Global Car Leasing Market Forecast (2021-2026)
    8.4    Global Car Leasing Market by Vehicle Type
        8.4.1    Passenger Vehicle 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026) 
        8.4.2    Commercial Vehicle
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Car Leasing Market by Lease Type
        8.5.1    Close Ended Lease
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Option to Buy Lease
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Sub-Vented Lease
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Car Leasing Market by Service Provider Type
        8.6.1    OEM
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Bank Affiliated
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Car Leasing Market by Tenure
        8.7.1    Short-Term
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Long-Term
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Car Leasing Market by End-Use
        8.8.1    Commercial
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Non-Commercial
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
    8.9    Global Car Leasing Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ALD Automotive Pvt Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Arval BNP Paribas Group
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     LeasePlan Corporation N.V
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Wheels Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    ORIX Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Car Leasing Market: Key Industry Highlights, 2016 and 2026
2.    Global Car Leasing Historical Market: Breakup by Vehicle Type (USD Million), 2016-2020
3.    Global Car Leasing Market Forecast: Breakup by Vehicle Type (USD Million), 2021-2026
4.    Global Car Leasing Historical Market: Breakup by Lease Type (USD Million), 2016-2020
5.    Global Car Leasing Market Forecast: Breakup by Lease Type (USD Million), 2021-2026
6.    Global Car Leasing Historical Market: Breakup by Service Provider Type (USD Million), 2016-2020
7.    Global Car Leasing Market Forecast: Breakup by Service Provider Type (USD Million), 2021-2026
8.    Global Car Leasing Historical Market: Breakup by Tenure (USD Million), 2016-2020
9.    Global Car Leasing Market Forecast: Breakup by Tenure (USD Million), 2021-2026
10.    Global Car Leasing Historical Market: Breakup by End-Use (USD Million), 2016-2020
11.    Global Car Leasing Market Forecast: Breakup by End-Use (USD Million), 2021-2026
12.    Global Car Leasing Historical Market: Breakup by Region (USD Million), 2016-2020
13.    Global Car Leasing Market Forecast: Breakup by Region (USD Million), 2021-2026
14.    North America Car Leasing Historical Market: Breakup by Country (USD Million), 2016-2020
15.    North America Car Leasing Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Europe Car Leasing Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Europe Car Leasing Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Asia Pacific Car Leasing Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Asia Pacific Car Leasing Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Latin America Car Leasing Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Latin America Car Leasing Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Middle East and Africa Car Leasing Historical Market: Breakup by Country (USD Million), 2016-2020
23.    Middle East and Africa Car Leasing Market Forecast: Breakup by Country (USD Million), 2021-2026
24.    Global Car Leasing Market Structure

Analyst Review

The global car leasing market is projected to grow at a CAGR of nearly 15% in the forecast period of 2021-2026. The company car leasing industry attained a volume of 8 million units in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4%. The company car leasing industry is projected to reach almost nearly 10.12 million units by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on vehicle type, the market can be bifurcated into passenger and commercial vehicles. The lease types available in the market can be close ended, option to buy, and sub-vented lease, among others. Service providers can be OEM and bank affiliated, among others, while the tenure can be short or long term. Based on its end-use sectors, the market can be segmented into commercial and non-commercial sectors. The major regional markets for the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa. The key players in the above industry include ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan Corporation N.V, Wheels Inc., and ORIX Corporation, among others.

The major drivers of the industry such as rising disposable incomes, increasing population, centralization of fleet sourcing, slowing economic growth leading to consumers leasing rather than buy cars, and rising traffic and parking issues are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global car leasing industry performed in the previous years (2016-2020)?
  • What is the forecast assessment of the market for 2021-2026?
  • What are the major market drivers and constraints?
  • Who are the key manufacturers of the product in the global car leasing industry?
  • What is the degree of competition in the global car leasing industry?
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