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Car Leasing Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 135
  • SKU: IRTNTR41043
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The car leasing market share is expected to increase by USD 51.32 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.95%.

This car leasing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers car leasing market segmentations by end-user (commercial and non-commercial) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The car leasing market report also offers information on several market vendors, including ALD SA, Arval Service Lease, Autoflex Leasing, Avis Budget Group Inc., Bayerische Motoren Werke AG, Caldwell Leasing, Deutsche Sparkassen Leasing AG and Co. KG, Enterprise Holdings Inc., Executive Car Leasing Co., ExpatRide International Inc., Hertz Global Holdings Inc., International Car Lease Holding, LeasePlan Corp. NV, Masterlease Group, Mazda Motor Corp, Mercedes Benz Group AG, Orix Corp., SIXT SE, Terberg Business Lease Group BV, and Volkswagen AG among others.

What will the Car Leasing Market Size be During the Forecast Period?

Car Leasing Market Size

Download Report Sample to Unlock the Car Leasing Market Size for the Forecast Period and Other Important Statistics

 

Car Leasing Market: Key Drivers, Trends, and Challenges

The rising technological obsolescence of older cars is notably driving the car leasing market growth, although factors such as limited customer awareness and acceptance in semi-urban and rural areas may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the car leasing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Car Leasing Market Driver

  • The rising technological obsolescence of older cars is one of the factors driving the car leasing market growth.
  • Automotive manufacturers are constantly developing new technologies for modern cars to attract buyers. However, vehicle buyers would have to incur significant costs to acquire a new vehicle compared with vehicle lessees, who have the option of choosing modern cars with advanced features after the expiration of the lease period on the current vehicle. 
  • The rapid growth in the development of various automotive technologies and the launch of new vehicle models with advanced features are increasing the obsolescence rate of older model vehicles. 
  • Planned obsolescence or built-in obsolescence is a series of actions employed by vehicle manufacturers to intentionally render vehicles non-functional and encourage customers to buy the new model of the vehicle. 
  • A rise in the number of features in new vehicle models has reduced the ownership lifecycle of cars over the last few years. Hence, the trend of increasing technology features in modern cars is expected to drive the market during the forecast period.

Key Car Leasing Market Trend

  • Off-lease cars fueling the used car market is one of the key car leasing market trends fueling the market growth.
  • Numerous on-lease vehicles become off-lease every year in the global car leasing market. Each car leasing dealer has to manage an increasing number of off-lease vehicles that stay unused or under-utilized in the vehicle stockpile.
  • Off-lease vehicles constrict the earnings of car leasing companies. Hence, car leasing companies are selling old off-lease cars as used cars.
  • A majority of car leasing companies offer the lessee the choice to purchase the vehicle after the lease period. As lessees would know the quality of the vehicle, they would be inclined to pay the residual amount and permanently own the vehicle.
  • The increased supply of off-lease cars is negatively driving the profits of dealers as they are forced to reduce the car lease package price or sell their stock of off-lease vehicles as used cars at huge discounts. However, selling off-lease vehicles as used cars allows them to maintain a profitable business. Therefore, the trend of selling off-lease cars as used cars is prevalent globally and followed by all major car leasing companies.

Key Car Leasing Market Challenge

  • Limited customer awareness and acceptance in semi-urban and rural areas is one of the key factors challenging the car leasing market growth.
  • Car leasing is still an urban concept despite its prevalence for over a decade. The acceptance of the car leasing model of business is low in semi-urban and rural areas, where it would have been an effective choice over purchasing a car. 
  • Car leasing has not penetrated a large portion of the potential market. Hence, leasing a vehicle would be disapproved. Moreover, certain leasing terminologies, such as money factor, residual value, and capitalized costs, can be confusing and intimidating for customers in semi-urban and rural areas.
  • Car leasing companies levy additional charges for extra miles traveled, excessive wear and tear, etc. These concepts would be complex for customers in semi-urban and rural areas to comprehend. Hence, the lack of awareness and acceptance among customers in semi-urban and rural areas is a major challenge for car leasing companies to operate in semi-urban and rural areas.

This car leasing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global car leasing market as a part of the global trucking market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the car leasing market during the forecast period.

Who are the Major Car Leasing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ALD SA
  • Arval Service Lease
  • Autoflex Leasing
  • Avis Budget Group Inc.
  • Bayerische Motoren Werke AG
  • Caldwell Leasing
  • Deutsche Sparkassen Leasing AG and Co. KG
  • Enterprise Holdings Inc.
  • Executive Car Leasing Co.
  • ExpatRide International Inc.
  • Hertz Global Holdings Inc.
  • International Car Lease Holding
  • LeasePlan Corp. NV
  • Masterlease Group
  • Mazda Motor Corp
  • Mercedes Benz Group AG
  • Orix Corp.
  • SIXT SE
  • Terberg Business Lease Group BV
  • Volkswagen AG

 

This statistical study of the car leasing market encompasses successful business strategies deployed by the key vendors. The car leasing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • deutsche-leasing.com - Under the unified segment, the company offers various services such as vehicle leasing, fleet management, providing financing for machinery, transport and logistics, hardware leasing, software leasing, and other services.
  • deutsche-leasing.com - The company offers car leasing services such as smart fleet leasing.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The car leasing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Car Leasing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the car leasing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Car Leasing Market?

Car Leasing Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the car leasing market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing spending power will facilitate the car leasing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak had a significant impact on the regional market in 2020. However, the success of vaccination drives in APAC, as well as a surge in investment inflows into the auto sector, resulted in the reopening of automotive vehicle and auto ancillary production units in 2021. As a result of these factors, the regional market is expected to witness expansion during the forecast period.

What are the Revenue-generating End-user Segments in the Car Leasing Market?

Car Leasing Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The car leasing market share growth in the commercial segment will be significant during the forecast period. As car leasing does not require a down payment, a reduced cash-in-hand is not shown in the statement as in the case of cars acquired through bank loans, which require a heavy upfront down payment. A financial statement that shows low debts and high cash-in-hand would be more appealing to potential investors. Thus, commercial customers are expected to remain the major segment of the global car leasing market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the car leasing market size and actionable market insights on post-COVID-19 impact on each segment.

 

Car Leasing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.95%

Market growth 2022-2026

$51.32 billion

Market structure

Fragmented

YoY growth (%)

9.85

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ALD SA, Arval Service Lease, Autoflex Leasing, Avis Budget Group Inc., Bayerische Motoren Werke AG, Caldwell Leasing, Deutsche Sparkassen Leasing AG and Co. KG, Enterprise Holdings Inc., Executive Car Leasing Co., ExpatRide International Inc., Hertz Global Holdings Inc., International Car Lease Holding, LeasePlan Corp. NV, Masterlease Group, Mazda Motor Corp, Mercedes Benz Group AG, Orix Corp., SIXT SE, Terberg Business Lease Group BV, and Volkswagen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Car Leasing Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive car leasing market growth during the next five years
  • Precise estimation of the car leasing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the car leasing industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of car leasing market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Commercial - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • 5.4 Non commercial - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Non commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Non commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non commercial - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 36: Market opportunity by End-user ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ALD SA
              • Exhibit 89: ALD SA - Overview
              • Exhibit 90: ALD SA - Business segments
              • Exhibit 91: ALD SA - Key news
              • Exhibit 92: ALD SA - Key offerings
              • Exhibit 93: ALD SA - Segment focus
            • 10.4 Arval Service Lease
              • Exhibit 94: Arval Service Lease - Overview
              • Exhibit 95: Arval Service Lease - Product / Service
              • Exhibit 96: Arval Service Lease - Key offerings
            • 10.5 Avis Budget Group Inc.
              • Exhibit 97: Avis Budget Group Inc. - Overview
              • Exhibit 98: Avis Budget Group Inc. - Business segments
              • Exhibit 99: Avis Budget Group Inc. - Key offerings
              • Exhibit 100: Avis Budget Group Inc. - Segment focus
            • 10.6 Deutsche Sparkassen Leasing AG and Co. KG
              • Exhibit 101: Deutsche Sparkassen Leasing AG and Co. KG - Overview
              • Exhibit 102: Deutsche Sparkassen Leasing AG and Co. KG - Product / Service
              • Exhibit 103: Deutsche Sparkassen Leasing AG and Co. KG - Key offerings
            • 10.7 Enterprise Holdings Inc.
              • Exhibit 104: Enterprise Holdings Inc. - Overview
              • Exhibit 105: Enterprise Holdings Inc. - Product / Service
              • Exhibit 106: Enterprise Holdings Inc. - Key news
              • Exhibit 107: Enterprise Holdings Inc. - Key offerings
            • 10.8 Hertz Global Holdings Inc.
              • Exhibit 108: Hertz Global Holdings Inc. - Overview
              • Exhibit 109: Hertz Global Holdings Inc. - Business segments
              • Exhibit 110: Hertz Global Holdings Inc. - Key offerings
              • Exhibit 111: Hertz Global Holdings Inc. - Segment focus
            • 10.9 LeasePlan Corp. NV
              • Exhibit 112: LeasePlan Corp. NV - Overview
              • Exhibit 113: LeasePlan Corp. NV - Business segments
              • Exhibit 114: LeasePlan Corp. NV - Key offerings
              • Exhibit 115: LeasePlan Corp. NV - Segment focus
            • 10.10 Mercedes Benz Group AG
              • Exhibit 116: Mercedes Benz Group AG - Overview
              • Exhibit 117: Mercedes Benz Group AG - Business segments
              • Exhibit 118: Mercedes Benz Group AG - Key offerings
              • Exhibit 119: Mercedes Benz Group AG - Segment focus
            • 10.11 SIXT SE
              • Exhibit 120: SIXT SE - Overview
              • Exhibit 121: SIXT SE - Business segments
              • Exhibit 122: SIXT SE - Key news
              • Exhibit 123: SIXT SE - Key offerings
              • Exhibit 124: SIXT SE - Segment focus
            • 10.12 Volkswagen AG
              • Exhibit 125: Volkswagen AG - Overview
              • Exhibit 126: Volkswagen AG - Business segments
              • Exhibit 127: Volkswagen AG - Key offerings
              • Exhibit 128: Volkswagen AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Car Leasing market growth will increase by $51.32 billion during 2022-2026.
              The car leasing market is expected to grow at a CAGR of 9.95% during 2022-2026.
              Technavio has segmented the car leasing market by end-user (commercial customers and non-commercial customers) and geographic (APAC, Europe, North America, South America, Middle East and Africa, Europe, APAC, North America, South America, and Europe).
              ALD SA, Arval Service Lease, Autoflex Leasing, Avis Budget Group Inc., Bayerische Motoren Werke AG, Caldwell Leasing, Deutsche Sparkassen Leasing AG and Co. KG, Enterprise Holdings Inc., Executive Car Leasing Co., ExpatRide International Inc., Hertz Global Holdings Inc., International Car Lease Holding, LeasePlan Corp. NV, Masterlease Group, Mazda Motor Corp, Mercedes Benz Group AG, Orix Corp., SIXT SE, Terberg Business Lease Group BV, Volkswagen AG are a few of the key vendors in the car leasing market.
              APAC will register the highest growth rate of 40.32% among the other regions. Therefore, the car leasing market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Japan
              • India
              • Germany
              The key factors driving the car leasing market growth are:
              • Rising technological obsolescence of older cars
              • Off-lease cars fueling used car market
              The car leasing market vendors should focus on grabbing business opportunities from the commercial customers segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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