The latest update of “Global Car Leasing Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Car Leasing Market.
Overview of the Car Leasing Market:
Car leasing is an auto financing service, which allows renting of a car from a dealership for a certain length of time and amount of miles. Lower monthly payments of leases compared to that of car loan are expected to propel growth of the global car leasing market over the forecast period.
Increasing urban population is expected to offer lucrative growth opportunities for players in the global car leasing market. For instance, according to Macrotrends LLC, China urban population for 2018 was 823,827,650, a 2.52% increase from 2017.
However, car leasing may be more expensive than an auto loan in the long run, which is expected to hinder growth of the global car leasing market.
The demand for used cars for lease is low. For instance, according to Experian plc, an Ireland-based consumer credit reporting company, only 4.35% of all used cars were financed with a lease in the fourth quarter of 2018. Moreover, the emergence of Covid-19 has adversely impacted the global car leasing market. For instance, globally, as of 3:50pm CEST, 22 June 2020, there have been 8,860,331 confirmed cases of COVID-19, including 465,740 deaths, reported to the World Health Organization.
Major players in the market are focused on expanding their distribution channel. For instance, in June 2020, ALD Automotive extended the reach of its distribution channel, ALD Carmarket, for used car sales to professional traders, intensifying the launch of its direct “clicks & bricks” used car offering for consumers and rebranding the entire offering under the company’s new global brand identity.
Major players in the market are also focused on expanding their regional presence. For instance, in June 2020, Arval Relsa started new offices in Bogota, Colombia, in order to develop full-service leasing and new mobility solutions across the country with special focus on passenger vehicles and light commercial fleets.
Key Takeaways
- Lower monthly payments of leases compared to that of car loan to augment growth of the global car leasing market over the forecast period
- Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in May 2020, ALD Automotive and Wheels partnered with Shouqi Car Rental & Leasing (Shouqi) in China to provide automotive leasing and fleet management services to global corporations in China.
- Major players operating in the global car leasing market include, ALD Automotive, Arval Service Lease-SA, Athlon Car Lease International BV, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Europcar Mobility Group SA, Hertz Global Holdings Inc., LeasePlan Corporation NV, and Sixt SE.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Car Leasing Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Car Leasing Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Enterprise Holdings
- Wilmar Inc.
- Merchants
- Ewald Automotive Group
- Sixt Leasing
- Avis Budget Group Inc
- United Leasing & Finance
- Caldwell Leasing
- Element Management Corp.
- Emkay
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Car Leasing Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Applications, the market is segmented into:
- Commercial Customers
- Non-commercial Customers
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Car Leasing Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Car Leasing Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Car Leasing Market
1.6.1 How the Covid-19 is Affecting the Car Leasing Market
1.6.1.1 Car Leasing Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Car Leasing Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Car Leasing Market Perspective (2015-2027)
2.2 Car Leasing Market Growth Trends by Regions
2.2.1 Car Leasing Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Car Leasing Market Historic Market Share by Regions (2015-2021)
2.2.3 Car Leasing Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Car Leasing Market Growth Strategy
2.3.6 Primary Interviews with Key Car Leasing Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Car Leasing Market Players by Market Size
3.1.1 Global Top Car Leasing Market Players by Revenue (2015-2021)
3.1.2 Global Car Leasing Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Car Leasing Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Car Leasing Market Concentration Ratio
3.2.1 Global Car Leasing Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Car Leasing Market Revenue in 2019
3.3 Car Leasing Market Key Players Head office and Area Served
3.4 Key Players Car Leasing Market Product Solution and Service
3.5 Date of entering into Car Leasing Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Car Leasing Market Historic Market Size by Type (2015-2021)
4.2 Global Car Leasing Market Forecasted Market Size by Type (2021-2027)
5 Car Leasing Market Breakdown Data by Application (2015-2027)
5.1 Global Car Leasing Market Size by Application (2015-2021)
5.2 Global Car Leasing Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Car Leasing Market Size (2015-2021)
6.2 Car Leasing Market Key Players in North America (2019-2021)
6.3 North America Car Leasing Market Size by Type (2015-2021)
6.4 North America Car Leasing Market Size by Application (2015-2021)
7 Europe
7.1 Europe Car Leasing Market Size (2015-2021)
7.2 Car Leasing Market Key Players in Europe (2019-2021)
7.3 Europe Car Leasing Market Size by Type (2015-2021)
7.4 Europe Car Leasing Market Size by Application (2015-2021)
8 China
8.1 China Car Leasing Market Size (2015-2021)
8.2 Car Leasing Market Key Players in China (2019-2021)
8.3 China Car Leasing Market Size by Type (2015-2021)
8.4 China Car Leasing Market Size by Application (2015-2021)
9 Japan
9.1 Japan Car Leasing Market Size (2015-2021)
9.2 Car Leasing Market Key Players in Japan (2019-2021)
9.3 Japan Car Leasing Market Size by Type (2015-2021)
9.4 Japan Car Leasing Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Car Leasing Market Size (2015-2021)
10.2 Car Leasing Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Car Leasing Market Size by Type (2015-2021)
10.4 Southeast Asia Car Leasing Market Size by Application (2015-2021)
11 India
11.1 India Car Leasing Market Size (2015-2021)
11.2 Car Leasing Market Key Players in India (2019-2021)
11.3 India Car Leasing Market Size by Type (2015-2021)
11.4 India Car Leasing Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Car Leasing Market Size (2015-2021)
12.2 Car Leasing Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Car Leasing Market Size by Type (2015-2021)
12.4 Central & South America Car Leasing Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Car Leasing Market Introduction
13.4 Car Leasing Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Car Leasing Market Key Market Segments
Table 2. Key Players Covered: Ranking by Car Leasing Market Revenue
Table 3. Ranking of Global Top Car Leasing Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Car Leasing Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Car Leasing Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Car Leasing Market Players to Combat Covid-19 Impact
Table 10. Global Car Leasing Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Car Leasing Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Car Leasing Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Car Leasing Market Share by Regions (2015-2021)
Table 14. Global Car Leasing Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Car Leasing Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Car Leasing Market Growth Strategy
Table 20. Main Points Interviewed from Key Car Leasing Market Players
Table 21. Global Car Leasing Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Car Leasing Market Share by Players (2015-2021)
Table 23. Global Top Car Leasing Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Car Leasing Market as of 2019)
Table 24. Global Car Leasing Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Car Leasing Market Product Solution and Service
Table 27. Date of entering into Car Leasing Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 30. Global Car Leasing Market Size Share by Type (2015-2021)
Table 31. Global Car Leasing Market Revenue Market Share by Type (2021-2027)
Table 31. Global Car Leasing Market Size Share by Application (2015-2021)
Table 33. Global Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 34. Global Car Leasing Market Size Share by Application (2021-2027)
Table 35. North America Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Car Leasing Market Share (2019-2021)
Table 37. North America Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 38. North America Car Leasing Market Share by Type (2015-2021)
Table 39. North America Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 40. North America Car Leasing Market Share by Application (2015-2021)
Table 41. Europe Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Car Leasing Market Share (2019-2021)
Table 43. Europe Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Car Leasing Market Share by Type (2015-2021)
Table 45. Europe Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Car Leasing Market Share by Application (2015-2021)
Table 47. China Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Car Leasing Market Share (2019-2021)
Table 49. China Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 50. China Car Leasing Market Share by Type (2015-2021)
Table 51. China Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 52. China Car Leasing Market Share by Application (2015-2021)
Table 53. Japan Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Car Leasing Market Share (2019-2021)
Table 55. Japan Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Car Leasing Market Share by Type (2015-2021)
Table 57. Japan Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Car Leasing Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Car Leasing Market Share (2019-2021)
Table 61. Southeast Asia Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Car Leasing Market Share by Type (2015-2021)
Table 63. Southeast Asia Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Car Leasing Market Share by Application (2015-2021)
Table 65. India Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Car Leasing Market Share (2019-2021)
Table 67. India Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 68. India Car Leasing Market Share by Type (2015-2021)
Table 69. India Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 70. India Car Leasing Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Car Leasing Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Car Leasing Market Share (2019-2021)
Table 73. Central & South America Car Leasing Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Car Leasing Market Share by Type (2015-2021)
Table 75. Central & South America Car Leasing Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Car Leasing Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Car Leasing Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Car Leasing Market Share by Type: 2021 VS 2027
Figure 2. Global Car Leasing Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Car Leasing Market Report Years Considered
Figure 8. Global Car Leasing Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Car Leasing Market Share by Regions: 2021 VS 2027
Figure 10. Global Car Leasing Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Car Leasing Market Share by Players in 2019
Figure 13. Global Top Car Leasing Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Car Leasing Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Car Leasing Market Revenue in 2019
Figure 15. North America Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Car Leasing Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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