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Global Fleet Vehicle Leasing Market Outlook, 2018

  • Report

  • 81 Pages
  • March 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4495397

EV Leasing and Private Lease are Expected to Grow 8.8% and 4.0%, Respectively, and be Forerunners that Transform the Leasing Market

Vehicle leasing is seen as a solution to the growing problems faced by companies for their mobility needs, including vehicle funding, fleet maintenance and, more importantly, residual risk handling. Big corporates and businesses, in the current market conditions, are focused on their core products/services and would like to outsource all other support activities. Mobility is a significant cost center which requires resource in terms of money and time. Starting from fleet purchase to re-marketing at a better price, and for each of the intermediary segments in the value chain, issues such as unnecessary cost spikes, utilization mismatches, irregularities in fleet maintenance, and risks of dips in residual value can crop up, unless an expert team is on the job. Corporate prefer leasing the fleet as a hassle-free mobility service which offers on-demand mobility, and fleet after-service facilities, among others.

This demand has driven growth and given the leasing market a structure and regulated the ecosystem. This study is focused on the outlook of the global fleet leasing industry in 2018. It starts with detailing the existing market scenario, followed by trends that are shaping the leasing industry in 2018. It details market size across the passenger vehicle (PV) and the light commercial vehicle (LCV) segments and provides sales/parc data for the total market and the fleet and the company car (true fleet) segments. The company car segment is discussed in detail, with a focus on actual development and growth potential of financial lease, operational lease, and outright purchase.

The analysis takes into account historic data and current market conditions and insight and opinion from market participants to deliver a five-year outlook on growth opportunities (2017–2021). In addition to market data (PV and LCV) for new registrations and portfolio, the study details actual competitor data (portfolio) for the leading leasing providers worldwide. The evolution of any industry depends on transformational trends that are linked to the macroeconomic factors of the region and the emerging business models that reflect innovation. Special sections covering transformational trends such as EV leasing, private vehicle leasing, used car leasing, car subscription mobility model, etc., are analyzed.

Other trends such as SME leasing, fleet connectivity, digitization (blockchain in leasing industry) are also studied. The study covers these trends that are expected to shape the market in 2018. For leasing providers and other companies that share the leasing ecosystem, their interest lies in the growth opportunities that they need to look at and the strategic imperatives that aid in their pursuit of growth and success. Overall, the study provides a 360-degree understanding of the leasing space (region-specific), and it offers details on key trends, market overview, and outlook.

Key Highlights of 2017

Globally 58.6% of fleet vehicles leased in 2017 came from full service operational leasing.

Key Questions this Research will Answer:

  • What are the key trends influencing the fleet leasing industry?
  • What is the global market size of fleet vehicle leasing industry in 2017, forecast to 2018?
  • What is the split of operational and financial leasing at a regional level?
  • What is the size fot private leasing and electric leasing industry and expected growth?
  • What is the size of car sharing market globally with regional splits?
  • Who are the key players in the fleet leasing industry globally and at a regional level?

Table of Contents

1. Executive Summary
  • Key Findings-Highlights of 2017
  • Key Findings-Predictions for 2018
  • Key Transformations Shaping the Leasing Industry
  • Company Car Funding Analysis
  • Regional Market Summary-North America
  • Regional Market Summary-Europe
  • Regional Market Summary-BRICS
  • Regional Market Summary-APAC
  • Car Sharing by Funding Model
  • Competitor Development-Portfolio Market Share
  • Leasing Providers-Blurring Borders
  • Acquisitions & Partnerships

2. Research Scope and Segmentation
  • Project and Research Scope
  • Market Structure
  • Product Segmentation-Electric Propulsion Technology
  • Sector Definitions

3. Global Fleet Vehicle Leasing Market Metrics
  • Market Metrics-Vehicles in Operation, Global
  • Market Metrics-Vehicles in Operation, Europe
  • Market Metrics-New Registrations
  • Market Metrics-Market Evolution
  • Market Metrics-True Fleet New Registrations, Regional
  • Car Sharing by Sharing Model
  • Key Participants-Global
  • Key Participants-Europe

4. Key Market Trends
  • Trend 1-xEV Leasing: OEMs Directly Entering as Lessor
  • Trend 1-xEV Leasing Model: Overview
  • Trend 2-Private Leasing an Alternative for Company Car
  • Trend 2-Private Lease Market Overview
  • Trend 2-Private Leasing: Europe Overview
  • Trend 3-Used Car Leasing, a New Lease for Old Cars
  • Trend 4-SME Leasing, Long Tail with Enormous Potential
  • Trend 4-SME Leasing: Market Potential
  • Trend 5-Fleet Leasing vs. Other MaaS Models
  • Trend 6-Subscription Mobility Service
  • Trend 7-Data Monetization: More Profitable than Car Sales
  • Trend 8-Connected Fleet to Sophisticate Leasing Solution
  • Trend 9-IFRS 16, Operational Burden for Lease Customers
  • Trend 9-IFRS 16, Impact on Leasing Industry
  • Trend 10-Digitization in the Leasing Industry
  • Trend 10-Blockchain Overview
  • Trend 10-Blockchain: Opportunities for Car Leasing
  • Trend 10-Blockchain: Smart Contract Prototype

5. Geographical Outlook
  • Opportunity Outlook-North America
  • Opportunity Outlook-BRICS
  • Opportunity Outlook-Western Europe
  • Opportunity Outlook-Eastern Europe
  • Opportunity Outlook-APAC

6. Growth Opportunities and Call to Action
  • Growth Opportunities and Call to Action
  • Growth Opportunity-Electric Vehicle Leasing
  • Strategic Imperatives for Success and Growth
  • Growth Opportunity-Private Leasing
  • Strategic Imperatives for Success and Growth
  • Growth Opportunity-Used Car Leasing
  • Strategic Imperatives for Success and Growth

7. Conclusions and 2018 Outlook
  • Key Conclusions and 2018 Outlook
  • Legal Disclaimer

8. Appendix
  • Appendix
  • List of Exhibits
  • Market Engineering Methodology
  • Table of Acronyms Used
  • Published Research Titles 2014 to 2017
  • Upcoming Topics in 2018
  • Fleet Vehicle Leasing Program-How Can Frost & Sullivan Help?
  • Fleet & Leasing Platform-Market Segmentation
  • Fleet & Leasing Platform-Market Scope