Car Leasing Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41043
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The car leasing market size is expected to grow by 23.69 mn units and record a CAGR of 18% during 2021-2025.

This post-pandemic car leasing market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this car leasing market analysis report, key drivers such as rising technological obsolescence of older cars have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as limited customer awareness and acceptance in semi-urban and rural areas, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Car Leasing Market Size be in 2021?

Car-Leasing-Market-Market-Size-2020-2025

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Who are the Key Vendors in the Car Leasing Market?

The car leasing market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

  • ALD SA
  • Arval Service Lease
  • Avis Budget Group Inc.
  • Deutsche Leasing AG
  • Enterprise Holdings Inc.
  • Sixt SE
  • Europcar Mobility Group SA
  • Hertz Global Holdings Inc.
  • Athlon Car Lease International BV
  • LeasePlan Corporation NV

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The car leasing market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This car leasing market report further entails segmentations by end-user (Commercial customers and Non-commercial customers) and geography (APAC, Europe, North America, MEA, and South America). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The car leasing market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Car Leasing Market?

Car-Leasing-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The use of telematics in leased cars will significantly influence car leasing market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

74% of the market’s growth will originate from APAC during the forecast period. US, China, UK, Germany, and France are the key markets for car leasing market in the region. This report provides estimations of the contribution of all regions to the growth of the car leasing market size.

Car Leasing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 18%

Market growth 2021-2025

23.69 mn units

Market structure

Concentrated

YoY growth (%)

21.79

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 74%

Key consumer countries

US, China, UK, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ALD SA, Arval Service Lease, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Sixt SE, Europcar Mobility Group SA, Hertz Global Holdings Inc., Athlon Car Lease International BV, LeasePlan Corporation NV, and

Market Dynamics

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

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

  • CAGR of the market during the forecast period 2021-2025
  • 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 market industry across APAC, Europe, North America, MEA, and South America
  • 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

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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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The car leasing market growth will increase by $18.38 million units during 2019-2024.
The car leasing market is expected to grow at a CAGR of 15.17% during 2019-2024.
Technavio has segmented the car leasing market by end user (Commercial customers and Non-commercial customers) and geographic (Europe, APAC, North America, and South America).
ALD SA, Arval Service Lease, Athlon Car Lease International BV, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Europcar Mobility Group SA, Hertz Global Holdings Inc., LeasePlan Corporation NV, Sixt SE are a few of the key vendors in the car leasing market.
APAC will register the highest growth rate of 77.52% 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.
The key factors driving the car leasing market growth are:
  • Economic way of acquiring a car
  • Off-lease cars fueling the 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.
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