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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 (2018-2028); Competitive Landscape; Industry Events and Developments
Global Car Leasing Market Outlook
The global market for car leasing value is expected to grow at a CAGR of nearly 15% in the forecast period of 2023-2028 due to the increasing demand for car leasing.
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North America and Europe to be Among the Significant Regional Markets for Car Leasing
North America and Europe are expected to be among the largest market because of the low interest rates offered by leasing companies in this region. Centralisation of fleet sourcing and control, is driving the market in North America. Key players are currently working to centralise their car sourcing and management, ensuring better consistency and transparency of spending and allowing better control and strategic focus to be achieved.
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. 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.
Business Lease Expected to Aid the Market Growth of Car Leasing
Based on type, the global car leasing market is segmented into private and business leases. The business lease segment is expected to dominate the market during the forecast period. In recent years most organisations have been inclined towards leasing a car to their upper management employees. This allows the employees to go at their leisure rather than using company transportation. Further, when a team member's service in his organisation is completed, they have the choice to keep the vehicle. This allows the team member to save significant money as the organisation provides a brand-new car. This drives the business lease segment in the global car leasing market during the forecast period.
Market Segmentations
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.
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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)
Based on tenure, the market can be divided into:
- Short-Term
- Long-Term
The regional markets for the car leasing market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Centralisation of Fleet Sourcing and Management Augmenting the Market Growth
The drivers for the car leasing market include the centralisation of fleet sourcing and management. Driverless or self-driving vehicles are also supporting the growth of the global market. The market growth is also expected to be driven by factors such as rising urbanisation and the rise of smart city initiatives around the world. Smart cities require a proficient transportation system that aids avoid traffic jams and declining commute time. A major portion of the population utilises more vehicles, which aggravates road traffic blocking and parking concerns in urban zones. This has resulted in the prompt development of the public transportation system. Mobility-as-a-service is gaining popularity in the auto sector. Further, the rise in the number of young consumers and demand for mobility among consumers with relatively low spending power is boosting the global car leasing market. An increase in maintenance costs, taxes, and fuel costs associated with car ownership is prompting consumers to lease and use cars, which in turn is projected to boost the global market.
Key Players in the Global Market for Car Leasing
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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Car Leasing Market Analysis
8.1 Key Industry Highlights
8.2 Global Car Leasing Historical Market (2018-2022)
8.3 Global Car Leasing Market Forecast (2023-2028)
8.4 Global Car Leasing Market by Type
8.4.1 Private Lease
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Business Lease
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Car Leasing Market by Lease Type
8.5.1 Close Ended Lease
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Option to Buy Lease
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Sub-Vented Lease
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Car Leasing Market by Service Provider Type
8.6.1 OEM
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Bank Affiliated
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Nonbank Financial Companies (NBFCs)
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Car Leasing Market by Tenure
8.7.1 Short-Term
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Long-Term
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Car Leasing Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Car Leasing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Car Leasing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Car Leasing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Car Leasing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Car Leasing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ALD Automotive Pvt Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Arval BNP Paribas Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LeasePlan Corporation N.V
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Wheels Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ORIX Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
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), 2018-2022
3. Global Car Leasing Market Forecast: Breakup by Type (Million Units), 2023-2028
4. Global Car Leasing Historical Market: Breakup by Lease Type (Million Units), 2018-2022
5. Global Car Leasing Market Forecast: Breakup by Lease Type (Million Units), 2023-2028
6. Global Car Leasing Historical Market: Breakup by Service Provider Type (Million Units), 2018-2022
7. Global Car Leasing Market Forecast: Breakup by Service Provider Type (Million Units), 2023-2028
8. Global Car Leasing Historical Market: Breakup by Tenure (Million Units), 2018-2022
9. Global Car Leasing Market Forecast: Breakup by Tenure (Million Units), 2023-2028
10. Global Car Leasing Historical Market: Breakup by Region (Million Units), 2018-2022
11. Global Car Leasing Market Forecast: Breakup by Region (Million Units), 2023-2028
11. North America Car Leasing Historical Market: Breakup by Country (Million Units), 2018-2022
13. North America Car Leasing Market Forecast: Breakup by Country (Million Units), 2023-2028
14. Europe Car Leasing Historical Market: Breakup by Country (Million Units), 2018-2022
15. Europe Car Leasing Market Forecast: Breakup by Country (Million Units), 2023-2028
16. Asia Pacific Car Leasing Historical Market: Breakup by Country (Million Units), 2018-2022
17. Asia Pacific Car Leasing Market Forecast: Breakup by Country (Million Units), 2023-2028
18. Latin America Car Leasing Historical Market: Breakup by Country (Million Units), 2018-2022
19. Latin America Car Leasing Market Forecast: Breakup by Country (Million Units), 2023-2028
20. Middle East and Africa Car Leasing Historical Market: Breakup by Country (Million Units), 2018-2022
21. Middle East and Africa Car Leasing Market Forecast: Breakup by Country (Million Units), 2023-2028
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 2023-2028.
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 2023-2028.
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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