What is Vehicle Leasing Market?
Vehicle leasing is 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 vehicles leasing market.
Highlights from Vehicle Leasing Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Alamo (United States), Auto Europe (United States), Avis (United States), Budget Rent a Car (United States), Advantage Rent a Car (United States), E-Z Rent-A-Car Group Holding (United States), Uber (United States), Ola cabs (India), Easy Taxi (Brazil) and Zoom (United States) |
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Vehicle Leasing market throughout the forecasted period.
Alamo (United States), Auto Europe (United States), Avis (United States), Budget Rent a Car (United States), Advantage Rent a Car (United States), E-Z Rent-A-Car Group Holding (United States), Uber (United States), Ola cabs (India), Easy Taxi (Brazil) and Zoom (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Easy Car (United Kingdom), Economy Car Hire (Greece), Europcar (United States) and Hertz (United States). Vehicle Leasing Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Vehicle and Light Commercial Vehicle |
Type | Electric Vehicle Leasing, Private Leasing and SME Leasing |
Lease Type | Closed-End Lease,Open End Lease |
Industry Vertical | IT Industry,Food and Beverage Industry,,Pharmaceuticals Industry,Others |
Vehicles Type | Two-wheeler,Three Wheeler,Four Wheeler,Others |
On the basis of geography, the market of Vehicle 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Mobility Demands and Vehicle Preference toward a Specific Model and High Adoption Due To Usage of Telematics to Monitor the Practice
Market Growth Drivers:
Increasing Awareness about Vehicle Leasing and Rising Demand of Four Wheeler in Corporate Sector
Restraints:
Fuel Price Fluctuation Impacting Fleeting Budget
Opportunities:
Rising Disposable Income in Emerging Economics
Key Target Audience
Vehicle Leasing Service Providers, Government Regulatory Bodies, Government and Private Research Organization and Others
Market Leaders & Development Strategies
On 11th September 2018, Uber Technologies Inc. has announced that they are going to acquire Dubai-based rival Careem Networks FZ for expansion in the Middle East. A deal could value Careem at 2 billion to 2.5 billion dollars
On 25th November 2018, Uber, leading on-demand ride-sharing company has launched Uber Care in India, a first-of-its-kind comprehensive platform for thousands of driver partners who choose to drive using the Uber App. This platform offers easy access to term insurance with HDFC life insurance, family health insurance with a reliance insurance company.