Global Automotive Fleet Lease Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Innovative leasing models and smart technologies drive the expansion of the Global Automotive Fleet Lease Market

• Automotive fleet leasing is a type of leasing that involves leasing a fleet of vehicles for a set period of time. The leasing company owns the vehicles and leases them to businesses for a monthly fee. The business is responsible for maintaining the vehicles and returning them at the end of the lease term. Automotive fleet leasing is a popular option for businesses that require a fleet of vehicles to operate, such as delivery companies, construction companies, and transportation companies.
• One of the main drivers of the Automotive Fleet Lease Market is the cost savings that it offers. Leasing vehicles can be more cost-effective than purchasing them outright, allowing businesses to access the necessary vehicles without making a significant upfront investment. Leasing also allows businesses to avoid the costs associated with vehicle ownership, such as maintenance, repairs, and depreciation.
• Leasing allows businesses to access the vehicles they need for a set period without committing to owning them long-term. This can benefit businesses with fluctuating fleet needs or needing to upgrade their vehicles frequently.
• While there are many benefits to automotive fleet leasing, some restraints and challenges exist. The return of vehicles in poor condition may be subject to additional fees, which can also increase the overall cost of leasing. Additionally, businesses that lease vehicles for an extended period may end up paying more than if they had purchased the vehicles outright.
• Global Automotive Fleet Lease Market opportunities include accessing the latest vehicle technology without a significant upfront investment. Leasing allows businesses to access the vehicles they need without worrying about the cost of upgrading their fleet.
• Another opportunity is the ability to customize the fleet to meet the business's specific needs. Leasing allows businesses to choose the vehicles best suited to their operations without worrying about the cost of purchasing and maintaining them.

Market Segmentations

• The Global Automotive Fleet Lease Market is segmented based on Fleet Size, Lease Term Preferences, Applications, and Geography.
• By Lease Type, the market is bifurcated into Open-End Leases and Closed-End Leases. The open-ended leases segment is expected to dominate the market share. It typically offers a fleet manager more flexibility in managing variable mileage and more significant input into remarketing decisions.
• By Fleet Size, the market is classified into Small Fleets, Medium Fleets, and Large Fleets.
• Small fleets hold a larger market share. This is because small businesses make up a significant portion of the commercial landscape and frequently require Automotive Fleet Leases or financing solutions more quickly to support their operations. These companies could be start-ups, neighborhood delivery services, independent contractors, or small-scale firms that need a few vehicles for daily operations.
• By Lease Term Preferences, the market is classified into Shorter Lease Terms (1-3 years), Medium Lease Terms (3-5 years), and Longer Lease Terms (5-7 years)
• Medium lease terms hold a significant market share. It creates a mix between shorter and longer lease choices, giving companies a window of time to use the leased vehicles while reducing the risks connected with long-term commitments. As technology advances, this lease term enables firms to upgrade their fleets with more cutting-edge and effective vehicles, allowing them to use newer vehicles without being bound by long-term agreements.
• By Applications, the market is classified into Logistics and Distribution, Construction, Agriculture, Retail, Waste Management, and Other Industry-Specific Segments.
• Logistics and distribution hold a larger market share. Logistics and distribution businesses primarily rely on transportation to move goods and products between different sites.
• By Geography, the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific.
• Americas hold a significant market share, and fleet leases and finance market is widely established. There is significant demand for Automotive Fleet Lease solutions in these regions because the food and beverage, textile, and manufacturing industries are crucial to the logistics and transportation industries.

Recent Development

• Volta Trucks and DLL partner to provide lease financing support for Truck as a Service offering - April 2023

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Fleet Lease Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Fleet Lease Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Fleet Lease Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market