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Europe Light Commercial Vehicle Leasing Market

Europe Light Commercial Vehicle Leasing Market Size, Trends: By Vehicle Type: Pick-Up Trucks, Vans, Others; By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Others; By Tenure: Short Term, Long Term; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Europe Light Commercial Vehicle Leasing Market Outlook

The Europe light commercial vehicle leasing market stood at a value of around USD 10.69 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.10% to reach USD 19.82 billion by 2032.

 

Europe Light Commercial Vehicle Leasing Market

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Growing Utilisation of Pick-Up Trucks to Aid the Europe Light Commercial Vehicle Leasing Industry

Pick-up trucks are versatile and can be used for various kinds of activities such as adventure, towing, camping, and transportation, among others. These light commercial vehicles provide airbags, side impact beams, and offer higher visibility of the road. In addition to this, pick-up trucks have high absorption capability, which means that the passenger has a high chance of remaining unharmed in case of an accident. Hence, the changing preference of users towards safe vehicles is likely to propel the demand for pick-up trucks on lease basis. Moreover, pick-up trucks are affordable and rental price of this vehicle is comparatively lower than other light commercial vehicles. Further, more space and greater room provided by this vehicle is its major advantage, which is likely to aid the segment. Pick-up trucks offer suffice legroom, headroom, and shoulder room and can accommodate an entire family of more than five members easily. Therefore, this segment is anticipated to drive the market in the forecast period.

 

Germany Accounts for a Significant Share in the Market for Light Commercial Vehicle Leasing in Europe

The expansion of the major automotive players in the country, including Volkwagen, Audi, and others, is likely to be a key factor driving the market. The growing research and development activities by the key German automotive companies to carry out technological advancements in the light commercial vehicles segment is likely to bolster the market growth. Furthermore, the rising demand for light commercial vehicles in the country for commercial and leisure activities is anticipated to augment the market in the forecast period.

 

Light Commercial Vehicle Leasing: Market Segmentation

Light commercial vehicle leasing is defined as a process of using a light commercial vehicle for a certain period of time in exchange for timely payment of rentals. In this process, the consumer never gets the ownership of the vehicle and is supposed to return it to the lessor. The tenure of leasing of light commercial vehicle can be short term or long term, depending upon the need of the user.

 

Europe Light Commercial Vehicle Leasing Market By Segment

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Based on vehicle type, the market can be segmented into:

  • Pick-Up Trucks
  • Vans
  • Others

On the basis of lease type, the market is segmented into:

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

The segmentation of the market based on tenure is as follows:

  • Short Term
  • Long Term

The regional markets for the product include the United Kingdom, Germany, France, and Italy, among others.

 

Europe Light Commercial Vehicle Leasing Market By Region

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Rising Demand for Light Commercial Vehicles for Various Activities, coupled with the Growing Awareness about the Benefits of Leasing, to Boost the Market for Light Commercial Vehicle Leasing in Europe

The light commercial vehicle leasing market in Europe is being driven by factors such as the increasing awareness about the benefits of leasing, thriving automotive and transportation industries, rapid urbanisation, and the growing demand for light commercial vehicles for various activities including road trip, adventure, and city travelling. The market is anticipated to be bolstered by the rising issues of traffic and pollution in the metropolitan cities of Europe, which is encouraging people to opt for vehicle leasing instead of buying commercial vehicles. Furthermore, the market is likely to be aided by the emergence of smart technology, coupled with the rapid adoption of smartphones, tablets, and others that provide the liberty to book and pay a rental lease for light commercial vehicle anytime and at any place.

 

Key Industry Players in the Europe Light Commercial Vehicle Leasing Market

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

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Lease Type, Tenure, Region
Breakup by Vehicle Type Pick-Up Trucks, Vans, Others
Breakup by Lease Type Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Others
Breakup by Tenure Short Term, Long Term
Breakup by Region United Kingdom, Germany, France, Italy, Others
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
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    Market Snapshot
    6.1    Europe
7    Opportunities and Challenges in the Market
8    Europe Light Commercial Vehicle Leasing Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Light Commercial Vehicle Leasing Historical Market (2018-2023) 
    8.3    Europe Light Commercial Vehicle Leasing Market Forecast (2024-2032)
    8.4    Europe Light Commercial Vehicle Leasing Market by Vehicle Type
        8.4.1    Pick-Up Trucks
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Vans
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Europe Light Commercial Vehicle Leasing Market by Lease Type
        8.5.1    Closed Ended Lease
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Option to Buy Lease
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Sub-Vented Lease
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Europe Light Commercial Vehicle Leasing Market by Tenure
        8.6.1    Short Term
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Long Term
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Europe Light Commercial Vehicle Leasing Market by Region
        8.7.1    United Kingdom
        8.7.2    Germany
        8.7.3    France
        8.7.4    Italy
        8.7.5    Others
9    Regional Analysis
    9.1    United Kingdom
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Germany
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    France
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Italy
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
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    Key Company Profiles
12    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Europe Light Commercial Vehicle Leasing Market: Key Industry Highlights, 2018 and 2032
2.    Europe Light Commercial Vehicle Leasing Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3.    Europe Light Commercial Vehicle Leasing Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4.    Europe Light Commercial Vehicle Leasing Historical Market: Breakup by Lease Type (USD Billion), 2018-2023
5.    Europe Light Commercial Vehicle Leasing Market Forecast: Breakup by Lease Type (USD Billion), 2024-2032
6.    Europe Light Commercial Vehicle Leasing Historical Market: Breakup by Tenure (USD Billion), 2018-2023
7.    Europe Light Commercial Vehicle Leasing Market Forecast: Breakup by Tenure (USD Billion), 2024-2032
8.    Europe Light Commercial Vehicle Leasing Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    Europe Light Commercial Vehicle Leasing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Light Commercial Vehicle Leasing Market Structure

Key Questions Answered in the Report

In 2023, the Europe light commercial vehicle leasing market attained a value of nearly USD 10.69 billion.

The market is estimated to grow at a CAGR of 7.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 19.82 billion by 2032.

The major drivers of the market include the expansion of the automotive industry, rising demand for light commercial vehicles for various activities, favourable government policies encouraging vehicle leasing, and rapid urbanisation.

The growing R&D activities by the major automotive players to add various features in the light commercial vehicles, coupled with the penetration of AI in the automotive industry is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are the United Kingdom, Germany, France, and Italy, among others.

Pick-up trucks and vans, among others are the different vehicle types considered in the market report.

Closed ended lease, option to buy lease, and sub-vented lease, among others are the different lease types included in the market report.

Based on tenure, the market has been bifurcated into short term and long term.

Analyst Review

The Europe light commercial vehicle leasing market stood at a value of around USD 10.69 billion in 2023, driven by the growing awareness about the benefits of leasing and the increasing demand for light commercial vehicles. Aided by the rapid technological advancements, such as the increased penetration of AI to facilitate hassle-free services, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.10%. The market is estimated to reach a value of USD 19.82 billion by 2032.

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 is divided into pick-up trucks and vans, among others. On the basis of lease type, the market is divided into closed ended lease, option to buy lease, and sub-vented lease, among others. By tenure, the market has been bifurcated into short term and long term. The major regional markets for light commercial vehicle leasing in Europe are the United Kingdom, Germany, France, and Italy, 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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