Market Overview:
The global automotive 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 leased vehicles from businesses and consumers alike, owing to the benefits offered by leasing such as lower monthly payments, tax deductions, and flexible lease terms. In addition, the growing airport infrastructure across the globe is also propelling the demand for leased vehicles in airport applications. However, fluctuations in fuel prices and interest rates may hamper market growth over the forecast period.
Product Definition:
An arrangement whereby an individual or company leases a motor vehicle for a specific period of time, often in exchange for a monthly payment. The leasing company retains ownership of the vehicle during the lease period.
Leisure Leasing:
Leisure leasing is a form of real estate business that involves the lease of land or a building with facilities for leisure activities such as entertainment, sports, and recreation. The concept was initiated in Europe and has been gaining popularity since then. It helps both - the tenant and the owner to benefit from their collaboration by providing an attractive financial package to the former while receiving rent free use of space or facility for commercial purposes.
Business Leasing:
Business leasing is a form of commercial real estate investment that involves renting or leasing industrial, office, retail or other non-residential space to business enterprises. The rate charged by the lessor for providing these facilities can be based on an annual basis, monthly basis or on an ad hoc basis. Business lease can either be done individually as a single unit/ deal or in multiple units/ lots simultaneously.
The automotive industry has witnessed significant growth over the past few years.
Application Insights:
The airport application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the growing air travel and need for long-term rentals. Airport rental cars are expensive as they have been designed primarily for short-term usage and hence, most automakers prefer leasing their vehicles at airports as it is a cost-effective alternative than owning the vehicle. Also, many companies offer lease discounts on premium or luxury models at airports owing to high demand and competition among similar models nearby gates or hangars.
Airport locations across various regions often face congestion problems which hinder normal traffic conditions; this leads to an increase in leased vehicles being used in such areas due to its flexible nature that allows drivers accustomed with road networks easily access them even during rush hours without getting lost or confused about their location thereby making it convenient enought ocall a driver who can direct passengers towards appropriate directions thus contributing towards market growth globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing automobile production in countries, such as China and India. In 2017, Asia Pacific accounted for a share of nearly 45% of global vehicle production. Furthermore, rising disposable income levels and improved standards of living are likely to contribute toward higher sales volumes in this region over the coming years.
The European market was valued at USD X billion in 2017 owing to high demand from Germany and Spain on account of improving economic conditions and growing automotive industry across these countries.
Growth Factors:
- Increasing demand for leased vehicles from small and medium-sized businesses
- Rising popularity of car sharing and ride hailing services
- Proliferation of online leasing platforms
- Growing acceptance of leasing among consumers
- Expansion of automotive financing options
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Leasing Market Research Report
By Type
Leisure Leasing, Business Leasing
By Application
Airport, Off-Airport
By Companies
Enterprise, Hertz, Avis Budget, ALD Automotive, Arval, Sixt, Europcar, Localiza, Unidas, CAR Inc., Shouqi Group, Goldcar, Movida, Fox Rent A Car, eHi Car Services, U-Save, Yestock Car Rental
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Leasing Market Report Segments:
The global Automotive Leasing market is segmented on the basis of:
Types
Leisure Leasing, Business Leasing
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
Airport, Off-Airport
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:
- Enterprise
- Hertz
- Avis Budget
- ALD Automotive
- Arval
- Sixt
- Europcar
- Localiza
- Unidas
- CAR Inc.
- Shouqi Group
- Goldcar
- Movida
- Fox Rent A Car
- eHi Car Services
- U-Save
- Yestock Car Rental
Highlights of The Automotive 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:
- Leisure Leasing
- Business Leasing
- By Application:
- Airport
- Off-Airport
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 leasing is a type of financing that allows customers to lease vehicles from a dealership. The customer pays an initial fee and then makes monthly payments, with the option to buy the vehicle at the end of the lease. Automotive leasing can be advantageous for customers who want to purchase a new car but don't have enough money saved up or don't want to commit to a long-term contract.
Some of the major companies in the automotive leasing market are Enterprise, Hertz, Avis Budget, ALD Automotive, Arval, Sixt, Europcar, Localiza, Unidas, CAR Inc., Shouqi Group, Goldcar, Movida, Fox Rent A Car, eHi Car Services, U-Save, Yestock Car Rental.
The automotive leasing market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive 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 Leasing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive 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 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 Leasing Market Size & Forecast, 2018-2028
4.5.1 Automotive Leasing Market Size and Y-o-Y Growth
4.5.2 Automotive Leasing Market Absolute $ Opportunity
Chapter 5 Global Automotive Leasing 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 Automotive Leasing Market Size Forecast by Type
5.2.1 Leisure Leasing
5.2.2 Business Leasing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Leasing 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 Automotive Leasing Market Size Forecast by Applications
6.2.1 Airport
6.2.2 Off-Airport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive 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 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 Automotive Leasing Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Leasing 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 Automotive Leasing Market Size Forecast by Type
9.6.1 Leisure Leasing
9.6.2 Business Leasing
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 Automotive Leasing Market Size Forecast by Applications
9.10.1 Airport
9.10.2 Off-Airport
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 Automotive Leasing Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Leasing 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 Automotive Leasing Market Size Forecast by Type
10.6.1 Leisure Leasing
10.6.2 Business Leasing
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 Automotive Leasing Market Size Forecast by Applications
10.10.1 Airport
10.10.2 Off-Airport
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 Automotive Leasing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Leasing 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 Automotive Leasing Market Size Forecast by Type
11.6.1 Leisure Leasing
11.6.2 Business Leasing
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 Automotive Leasing Market Size Forecast by Applications
11.10.1 Airport
11.10.2 Off-Airport
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 Automotive Leasing Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Leasing 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 Automotive Leasing Market Size Forecast by Type
12.6.1 Leisure Leasing
12.6.2 Business Leasing
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 Automotive Leasing Market Size Forecast by Applications
12.10.1 Airport
12.10.2 Off-Airport
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) Automotive Leasing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Leasing 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) Automotive Leasing Market Size Forecast by Type
13.6.1 Leisure Leasing
13.6.2 Business Leasing
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) Automotive Leasing Market Size Forecast by Applications
13.10.1 Airport
13.10.2 Off-Airport
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 Leasing Market: Competitive Dashboard
14.2 Global Automotive Leasing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Enterprise
14.3.2 Hertz
14.3.3 Avis Budget
14.3.4 ALD Automotive
14.3.5 Arval
14.3.6 Sixt
14.3.7 Europcar
14.3.8 Localiza
14.3.9 Unidas
14.3.10 CAR Inc.
14.3.11 Shouqi Group
14.3.12 Goldcar
14.3.13 Movida
14.3.14 Fox Rent A Car
14.3.15 eHi Car Services
14.3.16 U-Save
14.3.17 Yestock Car Rental
