About Automotive Fleet Leasing
The auto finance industry is dependent on the growths and current risks that are affecting the financing industry. Automotive fleet leasing provides businesses and consumers with access to new cars that are safer and more fuel-efficient than the average privately owned car. As a result, end-of-lease vehicles are a dynamic source, well-maintained vehicles for the second-hand market. Automotive leasing is also a form of affordable, fixed-cost mobility that eliminates many of the downsides related to vehicle ownership. It allows economic activity by serving businesses to manage and meet their transportation needs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Fleet Leasing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Glesby Marks (United States), LeasePlan Corporation N.V. (Netherlands), AutoFlex AFV (United States), Velcor Leasing Corporation (United States), Caldwell fleet leasing (United States), Wheel, Inc. (United States), PRO Leasing Services (United States), Jim Pattison Lease (Canada), Sixt Leasing SE (Germany), ALD Automotive (India) and Arval (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Donlen Corporation (United States), Expatride International (United States) and TranzLease (India).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Fleet Leasing market by Type (Open Ended and Close Ended), Application (Passenger Cars and Commercial Vehicles [LCV, HCV]) and Region.
On the basis of geography, the market of Automotive Fleet 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).
Influencing Trend:
Growing Awareness about the Advantages of Fleet Leasing
Market Growth Drivers:
Rising Demand for Passenger Cars and Increasing Disposable Income
Challenges:
Difficult to Replace Original Parts
Restraints:
Restrictions in Car Leasing Agreement
Opportunities:
Increasing Demand for Leased Cars
Market Leaders and their expansionary development strategies
In May 2022, ALd Automotives acquired LeasePlan from a consortium led by TDR Capital. As a result of the acquisition, the combined group will have a total of 3.3 million managed vehicles in its worldwide portfolio.
In October 2021, Wheels Inc. will merge with ALD Automotive, a best-in-class fleet management company, and Dolen, another potential collaboration for LeasePlan, to provide enhanced services and better serve the growing demands of businesses and individuals.
Key Target Audience
Service Providers of Automotive Fleet Leasing, Suppliers of Automobile, Wholesalers, Distributors and Retailers of Automobile, Automobile Industry, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.