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Vehicle Leasing Market in Europe by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR43746
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The vehicle leasing market share in Europe is expected to increase by USD 62.01 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.43%.

This vehicle leasing market in Europe 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 vehicle leasing market in Europe segmentations by type (passenger cars and commercial vehicles) and geography (UK, Germany, France, and Rest of Europe). The vehicle leasing market in Europe report also offers information on several market vendors, including ALD SA, Arval Service Lease, BMW Group, Daimler AG, Deutsche Sparkassen Leasing AG and Co. KG, Europcar Mobility Group SA, Fiat Chrysler Automobiles NV, Groupe PSA, LeasePlan Corp. NV, and Millennium Leasing sp zoo among others.

What will the Vehicle Leasing Market Size in Europe be During the Forecast Period?

Vehicle Leasing Market Size

Download the Free Report Sample to Unlock the Vehicle Leasing Market Size in Europe for the Forecast Period and Other Important Statistics

 

Vehicle Leasing Market in Europe: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The cost-effective way of obtaining a vehicle is notably driving the vehicle leasing market in Europe growth, although factors such as challenge posed by on-demand taxi operators may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vehicle leasing industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vehicle Leasing Market Driver in Europe

One of the key factors driving the vehicle leasing market growth in Europe is the cost-effective way of obtaining a vehicle. The most popular method of acquiring a vehicle is by paying for the vehicle or through financing options. A majority of vehicle dealership centers have dedicated personnel to assist buyers with purchasing vehicles through loans. Buying a permeant vehicle may not be cost-effective for small and medium enterprises, which can increase their fixed cost. However, the option to lease a vehicle is a more viable solution than buying a vehicle. In leasing, the lessee only needs to pay a monthly fee, along with certain additional charges and taxes, during the period of use. Additionally, leasing is more cost-effective than buying a vehicle on loan. The maintenance of a vehicle is costly and must be borne by every vehicle buyer. However, a vehicle lessee does not need to pay for all the maintenance expenses as the vehicle leasing plan will cover general expenses. Hence, the attractive value proposition offered in leasing a vehicle rather than purchasing it is a major driver for the vehicle leasing market in Europe.

Key Vehicle Leasing Market Trend in Europe

Rising demand for EV leasing due to the need for optimum performance and reduction of emissions is the major trend influencing vehicle leasing market growth in Europe. Electric vehicles (EVs) use an electric motor to power the vehicle. The compact size of the electric motor also helps in reducing the weight of the vehicle and offers ample space to add more features to the vehicle. The absence of multiple moving parts not only makes the engine highly efficient but also delivers instant torque on demand. Air pollution has become a major topic of discussion in major political as well as global economic forums because of the adverse impact on the environment and human life. Therefore, the governments of countries, such as Norway and the Netherlands, provide significant subsidies and incentives on the purchase of EVs. The introduction of such subsidies to promote the adoption of green energy vehicles is leading to the growing demand for the leasing of EVs in Europe, which is a positive trend for the growth of the vehicle leasing market in Europe during the forecast period.

Key Vehicle Leasing Market Challenge in Europe

Challenge posed by on-demand taxi operators is one of the key challenges hindering the vehicle leasing market growth in Europe. On-demand taxis are a convenient option in terms of the time spent on finding a parking spot and the amount spent on travel. Space is highly constrained in congested urban areas, and finding a parking space is a difficult task. Moreover, traffic congestion in cities renders driving in cities a tedious and difficult task. Hence, the rise in the use of on-demand taxis for personal commutes is diluting the demand for car leasing, particularly as on-demand taxis are mainly used in urban areas where car leasing services are widely available. On-demand taxi operators register drivers with cars under their brand, which allows the driver to pick up and drop customers who choose the ride on the digital platform of the operator. The low capital expenditure involved in on-demand taxi services intensifies the challenge posed by on-demand taxi companies to car leasing companies.

This vehicle leasing market in Europe 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 2021-2025.

Parent Market Analysis

Technavio categorizes the vehicle leasing market in Europe 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 vehicle leasing market in Europe during the forecast period.

Who are the Major Vehicle Leasing Market Vendors in Europe?

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

 

  • ALD SA
  • Arval Service Lease
  • BMW Group
  • Daimler AG
  • Deutsche Sparkassen Leasing AG and Co. KG
  • Europcar Mobility Group SA
  • Fiat Chrysler Automobiles NV
  • Groupe PSA
  • LeasePlan Corp. NV
  • Millennium Leasing sp zoo

 

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

Product Insights and News

  • ALD SA - The company offers full service vehicle leasing to its customers.

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

Vehicle Leasing Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vehicle leasing market in Europe, 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.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Vehicle Leasing Market in Europe?

Vehicle Leasing Market Market segmentation by region

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33% of the market's growth will originate from UK during the forecast period. UK, Germany, France, Italy, and Spain are the key markets for vehicle leasing market in Europe. Market growth in this region will be faster than the growth of the market in Germany and France regions.

The high customer awareness regarding vehicle leasing is the crucial driver for the adoption of vehicle leasing services in the UK, compared to other countries in Europe. This will facilitate the vehicle leasing market in Europe growth in UK 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 outbreak of COVID-19 affected the vehicle leasing market in Europe in 2020. The governments of various countries in the region closed their borders and imposed nationwide lockdowns to curb the spread of the disease. As governments imposed a ban on the movement of individuals and logistics services, the demand for vehicle leasing slowly decreased in 2020. Industry players in the market had to deal with changing consumer preferences of hygiene and stringent regulations regarding the pandemic. For instance, vehicle leasing players in Europe are focusing on contactless services to avoid further spread. Nonetheless, with the emergence of digitization and IoT, key industry players will try to focus more on cost reduction and risk mitigation in the forecast timeframe, which will positively impact market growth by creating new growth opportunities.

What are the Revenue-generating Type Segments in the Vehicle Leasing Market in Europe?

Vehicle Leasing Market Segmentation

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The vehicle leasing market share in Europe growth by the passenger cars will be significant during the forecast period. Factors such as the growing demand for SUVs, hatchbacks, and sedans in Europe are acting as major market enablers for the passenger cars segment.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the vehicle leasing market size in Europe and actionable market insights on post COVID-19 impact on each segment.

 

Vehicle Leasing Market Scope in Europe

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.43%

Market growth 2021-2025

$ 62.01 billion

Market structure

Fragmented

YoY growth (%)

3.30

Regional analysis

UK, Germany, France, and Rest of Europe

Performing market contribution

UK at 33%

Key consumer countries

UK, Germany, France, Italy, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ALD SA, Arval Service Lease, BMW Group, Daimler AG, Deutsche Sparkassen Leasing AG and Co. KG, Europcar Mobility Group SA, Fiat Chrysler Automobiles NV, Groupe PSA, LeasePlan Corp. NV, and Millennium Leasing sp zoo

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, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Vehicle Leasing Market In Europe Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive vehicle leasing market growth in Europe during the next five years
  • Precise estimation of the vehicle leasing market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vehicle leasing industry in Europe across UK, Germany, France, and Rest of Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vehicle leasing market vendors in Europe 

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Trucking (vehicle rental and taxi companies)

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 15: Type - Market share 2020-2025 (%)
  • 5.2 Comparison by Type
    • Exhibit 16: Comparison by Type
  • 5.3 Passenger cars - Market size and forecast 2020-2025
    • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
  • 5.4 Commercial vehicles - Market size and forecast 2020-2025
    • Exhibit 19: Commercial vehicles - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: Commercial vehicles - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 21: Market opportunity by Type

6 Customer landscape

  • 6.1 Overview
    • Exhibit 22: Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 23: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 24: Geographic comparison
  • 7.3 UK - Market size and forecast 2020-2025
    • Exhibit 25: UK - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 26: UK - Year-over-year growth 2020-2025 (%)
  • 7.4 Germany - Market size and forecast 2020-2025
    • Exhibit 27: Germany - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 28: Germany - Year-over-year growth 2020-2025 (%)
  • 7.5 France - Market size and forecast 2020-2025
    • Exhibit 29: France - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 30: France - Year-over-year growth 2020-2025 (%)
  • 7.6 Rest of Europe - Market size and forecast 2020-2025
    • Exhibit 31: Rest of Europe - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: Rest of Europe - Year-over-year growth 2020-2025 (%)
  • 7.7 Impact of Covid-19 on vehicle leasing market in Europe
  • 7.8 Market opportunity by geography
    • Exhibit 33: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 34: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 35: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 36: Landscape disruption
    • Exhibit 37: Industry risks
  • 9.3 Competitive scenario

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 38: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 39: Market positioning of vendors
  • 10.3 ALD SA
    • Exhibit 40: ALD SA - Overview
    • Exhibit 41: ALD SA - Business segments
    • Exhibit 42: ALD SA – Key news
    • Exhibit 43: ALD SA - Key offerings
    • Exhibit 44: ALD SA - Segment focus
  • 10.4 Arval Service Lease
    • Exhibit 45: Arval Service Lease - Overview
    • Exhibit 46: Arval Service Lease - Product and service
    • Exhibit 47: Arval Service Lease – Key news
    • Exhibit 48: Arval Service Lease - Key offerings
  • 10.5 BMW Group
    • Exhibit 49: BMW Group - Overview
    • Exhibit 50: BMW Group - Business segments
    • Exhibit 51: BMW Group - Key offerings
    • Exhibit 52: BMW Group - Segment focus
  • 10.6 Daimler AG
  • 10.7 Deutsche Sparkassen Leasing AG and Co. KG
    • Exhibit 57: Deutsche Sparkassen Leasing AG and Co. KG - Overview
    • Exhibit 58: Deutsche Sparkassen Leasing AG and Co. KG - Business segments
    • Exhibit 59: Deutsche Sparkassen Leasing AG and Co. KG – Key news
    • Exhibit 60: Deutsche Sparkassen Leasing AG and Co. KG - Key offerings
    • Exhibit 61: Deutsche Sparkassen Leasing AG and Co. KG - Segment focus
  • 10.8 Europcar Mobility Group SA
    • Exhibit 62: Europcar Mobility Group SA - Overview
    • Exhibit 63: Europcar Mobility Group SA - Business segments
    • Exhibit 64: Europcar Mobility Group SA – Key news
    • Exhibit 65: Europcar Mobility Group SA - Key offerings
    • Exhibit 66: Europcar Mobility Group SA - Segment focus
  • 10.9 Fiat Chrysler Automobiles NV
    • Exhibit 67: Fiat Chrysler Automobiles NV - Overview
    • Exhibit 68: Fiat Chrysler Automobiles NV - Business segments
    • Exhibit 69: Fiat Chrysler Automobiles NV - Key offerings
    • Exhibit 70: Fiat Chrysler Automobiles NV - Segment focus
  • 10.10 Groupe PSA
    • Exhibit 71: Groupe PSA - Overview
    • Exhibit 72: Groupe PSA - Business segments
    • Exhibit 73: Groupe PSA - Key offerings
    • Exhibit 74: Groupe PSA - Segment focus
  • 10.11 LeasePlan Corp. NV
    • Exhibit 75: LeasePlan Corp. NV - Overview
    • Exhibit 76: LeasePlan Corp. NV - Business segments
    • Exhibit 77: LeasePlan Corp. NV - Key offerings
    • Exhibit 78: LeasePlan Corp. NV - Segment focus
  • 10.12 Millennium Leasing sp zoo
    • Exhibit 79: Millennium Leasing sp zoo - Overview
    • Exhibit 80: Millennium Leasing sp zoo - Product and service
    • Exhibit 81: Millennium Leasing sp zoo - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 82: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 83: Research Methodology
    • Exhibit 84: Validation techniques employed for market sizing
    • Exhibit 85: Information sources
  • 11.4 List of abbreviations
    • Exhibit 86: 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
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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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Vehicle Leasing Market in Europe market growth will increase by $62.01 bn during 2021-2025.
The vehicle leasing market in europe market is expected to grow at a CAGR of 3.43% during 2021-2025.
Technavio has segmented the vehicle leasing market in europe market by type (Passenger cars and Ccommercial vehicles) ,geography (UK, Germany, France, and Rest of Europe) , and geographic (UK, Germany, France, and Rest of Europe).
ALD SA, Arval Service Lease, BMW Group, Daimler AG, Deutsche Sparkassen Leasing AG and Co. KG, Europcar Mobility Group SA, Fiat Chrysler Automobiles NV, Groupe PSA, LeasePlan Corp. NV, Millennium Leasing sp zoo are a few of the key vendors in the vehicle leasing market in europe market.
UK will register the highest growth rate of 33% among the other regions. Therefore, the vehicle leasing market in europe market in UK is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the vehicle leasing market in europe market growth are:
  • cost-effectiveness of vehicle leasing
  • Rising demand for EV leasing due to the need for optimum performance and reduction of emissions
The vehicle leasing market in europe market vendors should focus on grabbing business opportunities from the passenger cars 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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  • Data on revenue-generating market segments
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  • Five-force market analysis

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