What is Auto Leasing Market Scope?
Auto Leasing leads to use the new vehicle without transfer of ownership of the vehicle, i.e. without paying a large amount money or taking out a loan. The vehicles can be available to use with small amount of down payments. On average less than 20% of the car original value need to be paid to the automobile lenders. Auto leasing is basically a leasing of a vehicle for a fixed period of time at a fixed amount of money for the lease. It is usually provided by traders as an alternative to vehicle buying but is extensively used by businesses as a technique of acquiring vehicles for business, without the typically required cash outlay. There are various types of vehicles available for leasing purpose including two-wheeler, three wheelers, four wheeler, and others. Rising Demand of Four Wheeler in Corporate Sector will help to boost global auto leasing market.
Influencing Trend:
Introduction to New Mobility Techniques and Growing Demand for Subscription Based Leasing
Market Growth Drivers:
Cost Saving Advantages of Car Leasing and Costs Independent of Current Pricing Fluctuations simplifies Reselling
Challenges:
Higher Insurance Costs and Prerequisites of Past Credits and Financial History
Restraints:
Cost Consuming in the Long Run and Driving Limits up to Specific Miles per Year
Opportunities:
Increasing Demand for Electronic Vehicle Leasing and Introduction to Private Leasing
The Auto Leasing market study is being classified by Type (Short-term rental, Long-term rental and Finance leasing), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from American and European will contribute to the maximum growth of Global Auto Leasing market throughout the predicted period.
Enterprise Holdings, Inc. (United States), Hertz Global Holdings Inc. (United States), Avis Budget Group (United States), Europcar (France), Sixt Car Hire (Germany), ALD Automotive (France), Localiza (Brazil), Movida (Brazil), CAR Inc. (China) and Unidas (Brazil) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Goldcar (Spain), Fox Rent a Car (United States), Advantage OPCO, LLC (United States), LeasePlan Corporation (Netherlands) and ACE Rent a Car (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Auto Leasing market by Type, Application and Region.
On the basis of geography, the market of Auto Leasing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In July 2018, a global provider of mobility solutions, Europcar Mobility Group has started offering services from rental and car-sharing to chauffeur. This Group is joining the Mobility as a Service (MaaS) Alliance, whose goal is to promote the integration of various transport services into a single mobility service accessible on demand.
On December 11, 2018, Hertz and CLEAR has announced the launch of Hertz Fast Lane powered by CLEAR, this new service uses biometrics to drastically speed up the car rental process and get travelers through the exit gate and on the road in 30 seconds or less which will save operation time at least by 75 percent.
Key Target Audience
Auto Leasing Service Providers, Auto Manufacturers, Auto Insurance Companies, Travel Agencies, Government Agencies and Others
Auto Leasing Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Auto Leasing Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Auto Leasing industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.