Market Overview:
The global automotive fleet leasing market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe. In addition, the growing trend of fleet leasing among businesses is also contributing to the growth of this market. The global automotive fleet leasing market can be segmented on the basis of type into open ended and close ended leases. The open ended lease segment is expected to hold a larger share in terms of revenue in 2018 as compared to close ended leases due its flexibility in terms of renewing or terminating contracts without any penalties. However, close ended leases are gaining popularity among businesses as they offer fixed monthly payments and tax benefits over a period of time. On the basis on application,the automotive fleet leasing market can be divided into passenger cars, LCVs, HCVs segments respectively . Passenger car fleets are witnessing an increase in demand owing to rising urbanization and changing consumer preferences for personal transportation solutions across regions such as North America , Europe Asia Pacific etc .Whereas HCV fleets are mainly leased by logistics companies , postal services etc for goods transportation purposes within cities or between countries . LCV fleets are used extensively by courier companies , food delivery startups etc for intra-city deliveries . Regionally , North America accounts for maximum revenue share followed by Europe.
Product Definition:
An automotive fleet leasing company is a business that specializes in leasing cars, trucks, or vans to businesses and organizations. Automotive fleet leasing can offer several benefits over buying vehicles outright, including lower monthly payments, flexible terms, and the ability to upgrade or downgrade your vehicle selection at any time.
Open Ended:
Open-ended lease is a type of leasing where the lessee has the option to acquire the asset and pay rent for using it during its useful life. The lessee also has an option to acquire the asset at its end, however, he/she will have to bear some or the other form of cost associated with it. In open-ended leases there is no time limit for acquiring assets hence making them popular in fleet leasing market.
Close Ended:
The global close-ended and it's usage in the automotive fleet leasing market is growing at a rapid pace. The key drivers for this market are increasing demand for commercial vehicles, rising fuel prices, and changing business dynamics. Fleet operators are facing challenges to meet high operational costs as well as to cover vehicle maintenance cost which has resulted into increased utilization of lease financing option over buying.
Application Insights:
The passenger cars segment dominated the global automotive fleet leasing market by application and accounted for a revenue share of over 60.0% in 2017. The growth of this segment can be attributed to the growing demand for passenger vehicles from individuals, especially in emerging economies such as India and China. Furthermore, companies are also opting for LCVs and HCVs on lease basis owing to their high utilization rates along with low maintenance cost which helps them reduce their running costs significantly.
The Asia Pacific region is projected to witness significant growth over the forecast period due to increasing consumer spending capacity coupled with strong economic development particularly in countries like China, India Japan etc., Moreover, governments are also encouraging manufacturers & importers through various schemes & benefits offered under income tax act regarding vehicle purchase or donation/charitable deduction at source (DDS) on vehicle donations/charitable endowments made towards educational institutions or social welfare activities run by religious organizations etc.
Regional Analysis:
Asia Pacific accounted for the largest revenue share of over 40% in 2017. The region is expected to continue its dominance over the forecast period as well, with China accounting for a major share of the overall demand. This growth can be attributed to increasing disposable income and rapid urbanization in developing economies such as India and China. Moreover, favorable government policies aimed at promoting new investments are anticipated to boost automotive sales in these countries thereby driving fleet leasing demand further.
The European market was valued at USD X million in 2017 owing to high vehicle utilization rates coupled with stringent emission norms implemented by regulatory bodies such as ETSI and EPA within Europe pertaining to carbon dioxide emissions from vehicles operating on diesel fuel or gasoil based fuels (petrol).
Growth Factors:
- Increasing demand for leased vehicles from small and medium-sized businesses
- Rising popularity of fleet leasing among consumers
- Proliferation of online car leasing platforms
- Growing acceptance of electric and hybrid vehicles among fleet operators
- Expansion of vehicle remarketing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Fleet Leasing Market Research Report
By Type
Open Ended, Close Ended
By Application
Passenger Cars, LCV, HCV
By Companies
Glesby Marks, LeasePlan, AutoFlex AFV, Velcor Leasing, Caldwell fleet leasing, Wheel, PRO Leasing Services, Jim Pattison Lease, Sixt Leasing SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Fleet Leasing Market Report Segments:
The global Automotive Fleet Leasing market is segmented on the basis of:
Types
Open Ended, Close Ended
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, LCV, HCV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Glesby Marks
- LeasePlan
- AutoFlex AFV
- Velcor Leasing
- Caldwell fleet leasing
- Wheel
- PRO Leasing Services
- Jim Pattison Lease
- Sixt Leasing SE
Highlights of The Automotive Fleet Leasing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open Ended
- Close Ended
- By Application:
- Passenger Cars
- LCV
- HCV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Fleet Leasing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive fleet leasing is a type of lease agreement in which an automaker leases vehicles to its customers. Automotive fleet leasing can be used by businesses for a variety of reasons, such as reducing the cost of vehicle ownership, expanding their business reach, and increasing efficiency.
Some of the major companies in the automotive fleet leasing market are Glesby Marks, LeasePlan, AutoFlex AFV, Velcor Leasing, Caldwell fleet leasing, Wheel, PRO Leasing Services, Jim Pattison Lease, Sixt Leasing SE.
The automotive fleet leasing market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Fleet Leasing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Fleet Leasing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Fleet Leasing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Fleet Leasing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Fleet Leasing Market Size & Forecast, 2020-2028
4.5.1 Automotive Fleet Leasing Market Size and Y-o-Y Growth
4.5.2 Automotive Fleet Leasing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Open Ended
5.2.2 Close Ended
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 LCV
6.2.3 HCV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Fleet Leasing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Fleet Leasing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Open Ended
9.6.2 Close Ended
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 LCV
9.10.3 HCV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Open Ended
10.6.2 Close Ended
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 LCV
10.10.3 HCV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Open Ended
11.6.2 Close Ended
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 LCV
11.10.3 HCV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Open Ended
12.6.2 Close Ended
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 LCV
12.10.3 HCV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Open Ended
13.6.2 Close Ended
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 LCV
13.10.3 HCV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Fleet Leasing Market: Competitive Dashboard
14.2 Global Automotive Fleet Leasing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Glesby Marks
14.3.2 LeasePlan
14.3.3 AutoFlex AFV
14.3.4 Velcor Leasing
14.3.5 Caldwell fleet leasing
14.3.6 Wheel
14.3.7 PRO Leasing Services
14.3.8 Jim Pattison Lease
14.3.9 Sixt Leasing SE
