Automotive Leasing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Automotive leasing is similar to renting a car. The vehicles provided on the lease can be used for both short-term and long-term period. Automotive leasing is gaining its significance as it helps many new businesses with their vehicle requirements. Normally, new start-up or business do not have huge capital to buy their own vehicles. Thus, automotive leasing supports them in meeting their vehicle requirements with affordable pricing. Automotive leasing market is expected to rise significantly all over the world in coming years.

MARKET SCOPE

The

"Global Automotive Leasing Market Analysis to 2031"

is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive leasing market with detailed market segmentation by leasing type, leasing period, end-user, and geography. The report provides key statistics on the market status of the leading automotive leasing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on leasing type, the global automotive leasing market is segmented into open-end lease and closed-end lease.
  
•   On the basis of leasing period, the market is segmented into short-term (12 months) and long-term (more than 12 months).
  
•   Based on end-user, the market is bifurcated into B2B and B2C.
  

MARKET DYNAMICS

Drivers:

•   Growing demand for mobility drives demand for automotive leasing.
  
•   Increasing count of new start-ups and businesses in many developing countries of the world.
  
•   Various budget-friendly solutions offered by the automotive leasing providers.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive leasing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive leasing market in these regions.

IMPACT OF COVID-19 ON AUTOMOTIVE LEASING MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. With emergence of pandemic of COVID-19, many companies gave work from to its employees. This reduced the mobility of the people to a great extent. This has impacted the automotive leasing market negatively all over the world. However, post pandemic, this market is expected to experience promising growth.

MARKET PLAYERS

The report covers key developments in the automotive leasing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive leasing market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive leasing in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive leasing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ALD Automotive Pvt Ltd
  
•   Alphabet Inc.
  
•   Arval BNP Paribas Group
  
•   Deutsche Leasing AG
  
•   Enterprise Holdings, Inc.
  
•   ExpatRide International
  
•   General Motors Financial Company, Inc.
  
•   LeasePlan Corporation N.V.
  
•   Sixt Leasing
  
•   Wilmar, Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Leasing Report Scope