Market Overview:
The global car fleet leasing market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for leased cars from various industries such as IT, food and beverage, and pharmaceuticals. North America dominates the global car fleet leasing market with a share of XX% in 2018. However, Asia Pacific is expected to exhibit highest CAGR over the forecast period owing to rising disposable income and growing automotive industry in countries such as China and India. Based on type, close end lease segment dominates the global car fleet leasing market with a share of XX% in 2018.
Product Definition:
A car fleet leasing is an agreement between a company and a leasing company in which the company leases cars for its employees to use. The importance of car fleet leasing is that it allows companies to have control over their vehicle expenses and it can be more cost effective than purchasing cars outright.
Close End Lease:
A close end lease is a type of lease where the lessee (user) has possession of the vehicle and uses it for his/her business. The lessee generally has no further obligations to the lessor beyond paying rent for using the equipment. In contrast, in an open end lease, the lessee may have to make payments towards owning or leasing another vehicle at the end of a rental period.
Open End Lease:
Open end lease is a type of lease where the lessee has the right to use the vehicle and also possess it at the end of the lease. In this type of leasing, there is no requirement for any deposit or security from either party. The lessor does not take possession of vehicles until full payment is made by the lessee.
Application Insights:
The automotive industry, on the basis of application, is segmented into commercial vehicles and passenger cars. The growing IT industry in North America and Europe is expected to fuel the demand for trucks and vans in these regions over the forecast period. On the other hand, passenger car leasing has been witnessing a decline owing to an increase in sales of SUVs across various regions.
The pharmaceuticals industry requires large number of trucks for transporting medicines from manufacturer to hospitals or stores. Thus truck rental companies are likely to benefit from this sector as well over the forecast period due largely to its requirement for heavy-duty vehicles that can transport medical supplies safely at low cost.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period. The growing automotive industry in China, India, and other developing countries of Asia Pacific is expected to drive the fleet leasing demand in this region. Moreover, increasing government initiatives such as “Hire-a-Car†scheme in India are expected to propel the regional market growth over the forecast period.
North America accounted for a major share of global revenue owing to early adoption of advanced technologies and an increase in per capita income level coupled with high consumer awareness about vehicle maintenance costs. However, stringent regulations by Environmental Protection Agency (EPA) and Department of Transportation (DOT) regarding Greenhouse Gas emissions caused by vehicles are projected to hamper North America's car fleet leasing market development prospects during the forecast period.
Growth Factors:
- Increasing demand for leased cars from small and medium-sized businesses
- Rising popularity of car sharing and ride hailing services
- Proliferation of electric vehicles and alternative fuel vehicles
- Growing acceptance of fleet leasing as a cost-effective means of vehicle ownership
- Advances in telematics and other vehicle tracking technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Fleet Leasing Market Research Report
By Type
Close End Lease, Open End Lease
By Application
IT Industry, Food and Beverage Industry, Pharmaceuticals Industry
By Companies
ALD Automotive, ARI, Arval, Donlen, LeasePlan, Car Express, Executive Car Leasing, First Class Leasing, High End Auto Leasing, Absolute Auto Leasing, Autoflex, Global Auto Leasing, World Auto Group Leasing
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Car Fleet Leasing Market Report Segments:
The global Car Fleet Leasing market is segmented on the basis of:
Types
Close End Lease, Open End Lease
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
IT Industry, Food and Beverage Industry, Pharmaceuticals Industry
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:
- ALD Automotive
- ARI
- Arval
- Donlen
- LeasePlan
- Car Express
- Executive Car Leasing
- First Class Leasing
- High End Auto Leasing
- Absolute Auto Leasing
- Autoflex
- Global Auto Leasing
- World Auto Group Leasing
Highlights of The Car 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:
- Close End Lease
- Open End Lease
- By Application:
- IT Industry
- Food and Beverage Industry
- Pharmaceuticals Industry
- 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 Car 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
- 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?
Car fleet leasing is a business model in which a company leases cars to its customers. The customer pays the company an upfront fee and then pays the car rental company each time they use the car.
Some of the major companies in the car fleet leasing market are ALD Automotive, ARI, Arval, Donlen, LeasePlan, Car Express, Executive Car Leasing, First Class Leasing, High End Auto Leasing, Absolute Auto Leasing, Autoflex, Global Auto Leasing, World Auto Group Leasing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car 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 Car Fleet Leasing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car 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 Car 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 Car Fleet Leasing Market Size & Forecast, 2018-2028
4.5.1 Car Fleet Leasing Market Size and Y-o-Y Growth
4.5.2 Car Fleet Leasing Market Absolute $ Opportunity
Chapter 5 Global Car Fleet 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 Car Fleet Leasing Market Size Forecast by Type
5.2.1 Close End Lease
5.2.2 Open End Lease
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Fleet 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 Car Fleet Leasing Market Size Forecast by Applications
6.2.1 IT Industry
6.2.2 Food and Beverage Industry
6.2.3 Pharmaceuticals Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car 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 Car 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 Car Fleet Leasing Analysis and Forecast
9.1 Introduction
9.2 North America Car Fleet 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 Car Fleet Leasing Market Size Forecast by Type
9.6.1 Close End Lease
9.6.2 Open End Lease
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 Car Fleet Leasing Market Size Forecast by Applications
9.10.1 IT Industry
9.10.2 Food and Beverage Industry
9.10.3 Pharmaceuticals Industry
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 Car Fleet Leasing Analysis and Forecast
10.1 Introduction
10.2 Europe Car Fleet 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 Car Fleet Leasing Market Size Forecast by Type
10.6.1 Close End Lease
10.6.2 Open End Lease
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 Car Fleet Leasing Market Size Forecast by Applications
10.10.1 IT Industry
10.10.2 Food and Beverage Industry
10.10.3 Pharmaceuticals Industry
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 Car Fleet Leasing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Fleet 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 Car Fleet Leasing Market Size Forecast by Type
11.6.1 Close End Lease
11.6.2 Open End Lease
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 Car Fleet Leasing Market Size Forecast by Applications
11.10.1 IT Industry
11.10.2 Food and Beverage Industry
11.10.3 Pharmaceuticals Industry
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 Car Fleet Leasing Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Fleet 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 Car Fleet Leasing Market Size Forecast by Type
12.6.1 Close End Lease
12.6.2 Open End Lease
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 Car Fleet Leasing Market Size Forecast by Applications
12.10.1 IT Industry
12.10.2 Food and Beverage Industry
12.10.3 Pharmaceuticals Industry
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) Car Fleet Leasing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Fleet 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) Car Fleet Leasing Market Size Forecast by Type
13.6.1 Close End Lease
13.6.2 Open End Lease
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) Car Fleet Leasing Market Size Forecast by Applications
13.10.1 IT Industry
13.10.2 Food and Beverage Industry
13.10.3 Pharmaceuticals Industry
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 Car Fleet Leasing Market: Competitive Dashboard
14.2 Global Car Fleet Leasing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALD Automotive
14.3.2 ARI
14.3.3 Arval
14.3.4 Donlen
14.3.5 LeasePlan
14.3.6 Car Express
14.3.7 Executive Car Leasing
14.3.8 First Class Leasing
14.3.9 High End Auto Leasing
14.3.10 Absolute Auto Leasing
14.3.11 Autoflex
14.3.12 Global Auto Leasing
14.3.13 World Auto Group Leasing
