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Global Car Leasing Market: By Type: Private Lease, Business Lease; 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 (2017-2027); 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 2022-2027 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 2022-2027 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.

 

Market Segmentation

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 types:

  • Private Lease
  • Business Lease

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
  • Nonbank Financial Companies (NBFCs)

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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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 Type Private Lease, Business Lease
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 Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, 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 (2017-2021) 
    8.3    Global Car Leasing Market Forecast (2022-2027)
    8.4    Global Car Leasing Market by Type
        8.4.1    Private Lease
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027) 
        8.4.2    Business Lease
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Option to Buy Lease
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Sub-Vented Lease
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        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 (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Bank Affiliated
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Nonbank Financial Companies (NBFCs)
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Long-Term
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Car Leasing Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        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
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ALD Automotive Pvt Ltd
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Arval BNP Paribas Group
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3     LeasePlan Corporation N.V
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Wheels Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    ORIX Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Car Leasing Market: Key Industry Highlights, 2017 and 2027
2.    Global Car Leasing Historical Market: Breakup by Type (Million Units), 2017-2021
3.    Global Car Leasing Market Forecast: Breakup by Type (Million Units), 2022-2027
4.    Global Car Leasing Historical Market: Breakup by Lease Type (Million Units), 2017-2021
5.    Global Car Leasing Market Forecast: Breakup by Lease Type (Million Units), 2022-2027
6.    Global Car Leasing Historical Market: Breakup by Service Provider Type (Million Units), 2017-2021
7.    Global Car Leasing Market Forecast: Breakup by Service Provider Type (Million Units), 2022-2027
8.    Global Car Leasing Historical Market: Breakup by Tenure (Million Units), 2017-2021
9.    Global Car Leasing Market Forecast: Breakup by Tenure (Million Units), 2022-2027
10.    Global Car Leasing Historical Market: Breakup by Region (Million Units), 2017-2021
11.    Global Car Leasing Market Forecast: Breakup by Region (Million Units), 2022-2027
11.    North America Car Leasing Historical Market: Breakup by Country (Million Units), 2017-2021
13.    North America Car Leasing Market Forecast: Breakup by Country (Million Units), 2022-2027
14.    Europe Car Leasing Historical Market: Breakup by Country (Million Units), 2017-2021
15.    Europe Car Leasing Market Forecast: Breakup by Country (Million Units), 2022-2027
16.    Asia Pacific Car Leasing Historical Market: Breakup by Country (Million Units), 2017-2021
17.    Asia Pacific Car Leasing Market Forecast: Breakup by Country (Million Units), 2022-2027
18.    Latin America Car Leasing Historical Market: Breakup by Country (Million Units), 2017-2021
19.    Latin America Car Leasing Market Forecast: Breakup by Country (Million Units), 2022-2027
20.    Middle East and Africa Car Leasing Historical Market: Breakup by Country (Million Units), 2017-2021
21.    Middle East and Africa Car Leasing Market Forecast: Breakup by Country (Million Units), 2022-2027
22.    Global Car Leasing Market Structure

Key Questions Answered in the Report

The global car leasing market is expected to grow at a CAGR of about 15% in the forecast period of 2022-2027.

The major drivers of the market such as rising disposable incomes, increasing population, increasing traffic problems and parking issues, and centralisation of fleet sourcing and management in the industry are expected to aid the industry growth.

The increasing adoption of electric vehicles and a reduction of diesel cars are expected to boost the car leasing market in the coming years.

North America, Latin America, Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market.

The market can be divided into private lease and business lease.

The significant lease types for car leasing in the market are closed ended lease, option to buy lease, and sub-vented lease, among others.

The major types of service providers for car leasing in the market are OEM, bank affiliated, and nonbank financial companies (NBFCs).

Short-term and long-term are the two tenures in the market.

The major players in the market are ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan Corporation N.V, Wheels, Inc., and ORIX Corporation, among others.

Analyst Review

The global car leasing market was driven by the increasing traffic problems and parking issues in the historical period. Aided by the rising disposable incomes and increasing population, the market   is expected to grow at a CAGR of 15% in the forecast period of 2022-2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market can be divided into private lease and business lease. On the basis of lease type, the industry is segmented into closed ended lease, option to buy lease, and sub-vented lease, among others. On the basis of service provider type, the industry is segregated into OEM, bank affiliated, and nonbank financial companies (NBFCs). Based on tenure, the industry is divided into short-term and long-term. The major regional markets for the service are North America, Latin America, Middle East and Africa, Europe, and the Asia Pacific. The key players in the above industry are ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan Corporation N.V, Wheels, Inc., and ORIX Corporation, among others.

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 market insights that are accurate, actionable, and help them remain ahead of their competition.

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