Global Capital Lease Market Overview:
A capital lease (or finance lease) is an agreement where the lessor has agreed that the ownership of the asset will be transferred to the lessee when the lease period is over. It allows the lessee the choice of buying the asset at a bargain price that is lower than the market value at the end of the lease period. A capital lease is long-term and is not cancellable. If the lease does get canceled the lessee would have to bear any resulting loss. When the lease term ends the lessee becomes the owner of the asset and can claim finance and depreciation charges. A capital lease can be used for a property as well as an asset. This allows those with the necessary funds to make large purchases without tying up their capital or taking out a loan from a financial institution.
Attributes | Details |
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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 |
Influencing Trend:
Increase in Industrial Activity of Its End Users
Market Growth Drivers:
Cost-Effective Nature of Finance Lease for Acquiring Assets, Governments Support for Banks and Non-Banking Financial Institutions and Technology Adoption and Importance of Good Communication
Challenges:
Time-Consuming Nature of Manual Reconciliation, Difficulty Tracking Capital Lease Contracts and Issues with Compliance Standards
Restraints:
Lessee Loses Complete Ownership from the Asset Once the Agreement Is Made and Non-Payment Can Negatively Affect the Credit Rating of both the Guarantor and the Business
Opportunities:
Growing Number of SMEs and Start-Ups and Lucrative Government Initiatives for Customers As Well As Business
Competitive Landscape:
Capital Lease Market is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. New technology adoption is the main driver of market growth. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Nesco Holdings, Inc. (United States), Ashtead Group plc. (United Kingdom), United Rentals, Inc. (United States), Hertz Global Holdings, Inc. (United States), AMERCO (United States), Localiza Rent a Car SA (Brazil), WillScot Mobile Mini Holdings Corp. (United States), Avis Budget Group, Inc. (United States), BOC Aviation Ltd. (Singapore) and Topsports International Holdings Ltd. (Hong Kong). Additionally, following companies can also be profiled that are part of our coverage like Element Fleet Management Corp. (Canada), ALD SA (France), Air Lease Corporation (United States), Ryder System, Inc. (United States) and Triton International Limited (Bermuda). Considering Market by Products, the sub-segment i.e. Domestic Business will boost the Capital Lease market.
Latest Market Insights:
On November 2022, Ryder System, Inc. a leader in the supply chain, dedicated transportation, and fleet management solutions, announced it has acquired Dotcom Distribution, a provider of omnichannel fulfillment and distribution services for high-growth retail and e-commerce brands specializing in health, beauty, and cosmetics, and fashion and apparel.
What Can be Explored with the Capital Lease Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Capital Lease Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Capital Lease
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Capital Lease market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Capital Lease market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.