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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: OEM, Bank Affiliated, Others; By Tenure: Short Term, Long Term; By End Use: Commercial, Non-Commercial; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Procurement Strategy; Cost Analysis; Competitive Landscape & Supplier Analysis; Events and Developments

Global Car Leasing Market Key Insights:

 

  • Vehicle Type: Passenger vehicle and commercial vehicle
  • Market Analysis and Outlook 2020-2025
  • Market Performance
  • Tenure: Short Term and Long Term
  • Breakup by Region
  • Cost Analysis
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global car leasing market value is expected to grow at a CAGR of nearly 15% in the forecast period of 2020-2025 due to the increasing demand for car leasing. 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 2019. The volume of the company car leasing market is expected to grow at a CAGR of 4% in the forecast period of 2020-2025 to reach a volume of around 10.12 million units by 2025.

Global Car Leasing Market Report and Forecast 2020-2025

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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.

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.

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
  • Wheels, Inc.
  • ORIX Corporation
  • Volkswagen Financial Services
  • Sixt Leasing

The top car manufacturers in terms of market share are as follows: 

  • Volkswagen Group
  • Toyota Group
  • Renault Nissan Alliance
  • General Motors
  • Hyundai-Kia
  • Ford Group
  • Honda Motor
  • F.C.A
  • P.S.A
  • Mercedes Daimler
  • 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.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Car Leasing Market Analysis
    6.1    Figure: Global Car Leasing Market Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Global Car Leasing Market Breakup by Vehicle Type
        6.2.1    Passenger Vehicle
        6.2.2    Commercial Vehicle
    6.3    Figure: Global Car Leasing Market Breakup by Vehicle Type: Historical Market (2015-2019) & Forecast (2020-2025)
        6.3.1    Passenger Vehicle
        6.3.2    Commercial Vehicle
    6.4    Chart: Global Car Leasing Market Breakup by Lease Type
        6.4.1    Closed Ended Lease
        6.4.2    Option to Buy Lease
        6.4.3    Sub-Vented Lease
        6.4.4    Others
    6.5    Figure: Global Car Leasing Market Breakup by Lease Type: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    Closed Ended Lease
        6.5.2    Option to Buy Lease
        6.5.3    Sub-Vented Lease
        6.5.4    Others
    6.6    Chart: Global Car Leasing Market Breakup by Service Provider Type
        6.6.1    OEM
        6.6.2    Bank Affiliated
        6.6.3    Others
    6.7    Figure: Global Car Leasing Market Breakup by Service Provider Type: Historical Market (2015-2019) & Forecast (2020-2025)
        6.7.1    OEM
        6.7.2    Bank Affiliated
        6.7.3    Others
    6.8    Chart: Global Car Leasing Market Breakup by Tenure
        6.8.1    Short Term
        6.8.2    Long Term
    6.9    Figure: Global Car Leasing Market Breakup by Tenure: Historical Market (2015-2019) & Forecast (2020-2025)
        6.9.1    Short Term
        6.9.2    Long Term
    6.10    Chart: Global Car Leasing Market Breakup by End Use
        6.10.1    Commercial
        6.10.2    Non-Commercial
    6.11    Figure: Global Car Leasing Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
        6.11.1    Commercial
        6.11.2    Non-Commercial
    6.12    Chart: Global Car Leasing Market Breakup by Regions
        6.12.1    North America
            6.12.1.1    United States of America
            6.12.1.2    Canada
        6.12.2    Europe
            6.12.2.1    Germany
            6.12.2.2    France
            6.12.2.3    United Kingdom
            6.12.2.4    Italy
            6.12.2.5    Netherland
            6.12.2.6    Russia
            6.12.2.7    Others
        6.12.3    Asia Pacific
            6.12.3.1    China
            6.12.3.2    Japan
            6.12.3.3    India
            6.12.3.4    Australia
            6.12.3.5    Thailand
            6.12.3.6    Others
        6.12.4    Latin America
            6.12.4.1    Brazil
            6.12.4.2    Argentina
            6.12.4.3    Mexico
            6.12.4.4    Others
        6.12.5    Middle East and Africa
            6.12.5.1    Saudi Arabia
            6.12.5.2    United Arab Emirates
            6.12.5.3    Nigeria
            6.12.5.4    South Africa
            6.12.5.5    Others
    6.13    Figure: Global Car Leasing Market Breakup by Regions: Historical Market (2015-2019) & Forecast (2020-2025)
        6.13.1    North America
            6.13.1.1    United States of America
            6.13.1.2    Canada
        6.13.2    Europe
            6.13.2.1    Germany
            6.13.2.2    France
            6.13.2.3    United Kingdom
            6.13.2.4    Italy
            6.13.2.5    Netherland
            6.13.2.6    Russia
            6.13.2.7    Others
        6.13.3    Asia Pacific
            6.13.3.1    China
            6.13.3.2    Japan
            6.13.3.3    India
            6.13.3.4    Australia
            6.13.3.5    Thailand
            6.13.3.6    Others
        6.13.4    Latin America
            6.13.4.1    Brazil
            6.13.4.2    Argentina
            6.13.4.3    Mexico
            6.13.4.4    Others
        6.13.5    Middle East and Africa
            6.13.5.1    Saudi Arabia
            6.13.5.2    United Arab Emirates
            6.13.5.3    Nigeria
            6.13.5.4    South Africa
            6.13.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Procurement Strategy
    9.1    Sourcing Models
    9.2    Engagement Strategy
    9.3    Contract Terms
    9.4    Pricing Models
    9.5    Corporate Policies
    9.6    KPIs
10    Cost Analysis
    10.1    Fuel, Cost of Capital/Finance
    10.2    Maintenance and Service
    10.3    Cost of Operations
    10.4    Vehicle Safety and Environmental Features
    10.5    Accident Services
    10.6    Sales and Marketing
    10.7    Traffic Violations, Fines, License, Taxes, Tolls and Tolls Management
    10.8    Roadside Assistance
    10.9    Diver safety and Training
    10.10    Vehicle Re-Marketing, Re-Sale, Disposal
11    Competitive Landscape & Supplier Analysis
    11.1    Key Car Leasing Suppliers
        11.1.1    ALD Automotive Pvt Ltd
            11.1.1.1    Company Overview
            11.1.1.2    Financial Analysis
        11.1.2    Arval BNP Paribas Group
            11.1.2.1    Company Overview
            11.1.2.2    Financial Analysis
        11.1.3    LeasePlan
            11.1.3.1    Company Overview
            11.1.3.2    Financial Analysis
        11.1.4    Wheels, Inc.
            11.1.4.1    Company Overview
            11.1.4.2    Financial Analysis
        11.1.5    ORIX Corporation
            11.1.5.1    Company Overview
            11.1.5.2    Financial Analysis
        11.1.6    Volkswagen Financial Services
            11.1.6.1    Company Overview
            11.1.6.2    Financial Analysis
        11.1.7    Sixt Leasing
            11.1.7.1    Company Overview
            11.1.7.2    Financial Analysis
        11.1.8    Others
    11.2    Top Car Manufacturers: Market Share (%) 
        11.2.1    Volkswagen Group
        11.2.2    Toyota Motor Corporation
        11.2.3    Renault–Nissan–Mitsubishi Alliance
        11.2.4    General Motors
        11.2.5    Hyundai-Kia
        11.2.6    Ford Group
        11.2.7    Honda Motor
        11.2.8    F.C.A
        11.2.9    P.S.A
        11.2.10    Mercedes Daimler
        11.2.11    Others
12    Events and Developments

The global car leasing market is projected to grow at a CAGR of nearly 15% in the forecast period of 2020-2025. The company car leasing industry attained a volume of 8 million units in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4%. The company car leasing industry is projected to reach almost nearly 10.12 million units by 2025.

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, Wheels, Inc., ORIX Corporation, Volkswagen Financial Services, and Sixt Leasing, 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 (2015-2019)?
  • What is the forecast assessment of the market for 2020-2025?
  • 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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