About Job Needs and Car Leasing
Car leasing is similar to renting, in that choosing a vehicle, for an agreed length of time which is usually between two and five years, for a set fee. There are many options to choose from, depending on customers own circumstances, and whether customer leasing for themselves or as part of a business both of which carry their own benefits. When it comes to sourcing vehicles for a growing business, leasing can provide a whole lot more than purchasing outright. The global job needs and car leasing market is expected to witness a high growth owing to easy replacement of cars and cost saving benefits.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Job Needs and Car Leasing market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Job Needs and Car Leasing Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Job Needs and Car 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.
Enterprise (United States), The Hertz Corporation (United States), LeasePlan Corporation (Netherlands), Avis Budget (United States), Europcar (France), ALD Automotive (France), Arval (India), Localiza (Brazil), Alphabet (Netherlands) and Sixt (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ACE Rent A Car (United States), eHi Car Services (China) and CAR Inc (China).
Segmentation Overview
AMA Research has segmented the market of Global Job Needs and Car Leasing market by Type (Car Leasing, Truck Leasing, Van Leasing, SUV Leasing and Other), Application (Personal Use, Government, Business and Others) and Region.
On the basis of Type, Car Leasing are dominating the market in the year 2023 where as Truck Leasing stood as second largest market share.
On the basis of application, Personal Use segment is dominating the market in the year 2023 where as Business segment stood as second largest market .On the basis of geography, the market of Job Needs and Car 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). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Growth of New Mobility Concepts by Leasing Companies
Market Growth Drivers:
Easy Replacement of Cars and Cost Saving Benefits and Up Surging Demand of Leased Car
Challenges:
Calculation of Cars Residual Values
Restraints:
Fuel Price Fluctuation Impacting Leasing Budget
Opportunities:
Rising Disposable Income in Emerging Economics
Market Leaders and their expansionary development strategies
In Dec 2018, LeasePlan Netherlands will collaborate with Dutch scale-up Lightyear, the first company in the world to develop an electric solar car for consumers. LeasePlan Netherlands will become Lightyear's leasing partner for the Lightyear One, the first car produced by the company
In October 2021, Two separate collaborations, the merger of Wheels Inc – Donlen, and another potential collaboration of ALD Automotive and LeasePlan, best-in-class fleet management companies, to offer improved services and more effectively cater to the growing demand from corporates and individuals.
Key Target Audience
Car Lease Service Provider, Automotive Industry, Governmental Bodies, Transportation Industry and Private Research Organization
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.