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Automobile Rental and Leasing Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery

  • ID: 5062109
  • Report
  • May 2020
  • Region: Global
  • 371 Pages
  • The Business Research Company
1 of 6

FEATURED COMPANIES

  • Al Badie Group (ABG)
  • Business Lease Group
  • EHi Auto Services Co. Ltd
  • Honda Canada Finance Inc.
  • Orix Auto Corporation
  • Shouqi Car Rental Co. Ltd
  • MORE

The Automobile Rental and Leasing Global Market Opportunities and Strategies to 2030: COVID 19 Impact and Recovery report provides the strategists, marketers and senior management with the critical information they need to assess the global automobile rental and leasing market as it emerges from the COVID 19 shut down.

Reasons to Purchase:

  • Outperform competitors using accurate up to date demand-side dynamics information.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
  • Create regional and country strategies on the basis of local data and analysis.
  • Stay abreast of the latest customer and market research findings
  • Benchmark performance against key competitors.
  • Develop strategies based on likely future developments.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
  • Gain a global perspective on the development of the market.

Description:

Where is the largest and fastest-growing market for the automobile rental and leasing market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global automobile rental and leasing global market opportunities and strategies to 2030: COVID 19 impact and recovery report answers all these questions and many more.

The report covers the following chapters:

1. Executive Summary – The executive summary section of the report gives a brief overview and summary of the report.
2. Report Structure – This section gives the structure of the report and the information covered in the various sections.
3. Introduction – The introduction section gives the segmentation of the automobile rental and leasing market by type covered in this report.
4. Market Characteristics – The market characteristics section of the report defines and explains the automobile rental and leasing market. This chapter includes different products/services covered in the report and basic definitions.
5. Product Analysis – The product analysis section of the report describes the leading products/services in the market along with key features and differentiators for those products/services.
6. Supply Chain – The supply chain section of the report defines and explains the key players in the automobile rental and leasing market supply chain.
7. Customer Information– This chapter covers recent customers’ trends/preferences in the global automobile rental and leasing market.
8. Trends And Strategies – This chapter describes the major trends shaping the global automobile rental and leasing market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
9. Impact of COVID-19– This section describes the impact of COVID-19 on the automobile rental and leasing market.
10. Global Market Size And Growth – This section contains the global historic (2015-2019) and forecast (2019-2023) (2023-2025), and (2025-2030) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
11. Regional Analysis – This section contains the historic (2015-2019), forecast (2019-2023), (2023-2025), and (2025-2030) market value and growth and market share comparison by region.
12. Segmentation – This section contains the market values (2015-2030) and analysis for different segments in the market.
13. Global Macro Comparison –The global automobile rental and leasing market comparison with macro-economic factors gives the automobile rental and leasing market size, percentage of GDP, and average automobile rental and leasing market expenditure.
14. Regional Market Size and Growth– This section contains the region’s market size (2019), historic and forecast (2015-2023) (2023-2025), and (2025-2030) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
15. Competitive Landscape – This section covers details on the competitive landscape of the global automobile rental and leasing market, estimated market shares and company profiles of the leading players.
16. Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
17. Market Background – This section describes the leasing market of which the automobile rental and leasing market is a segment. This chapter includes the leasing market 2015-23 values, and regional analyses for the leasing market.
18. Market Opportunities And Strategies– This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
19. Conclusions And Recommendations – This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for automotive equipment leasing providers in terms of product offerings, geographic expansion, price offerings, marketing strategies and target groups.
20. Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

  • By Type Of Service: Passenger Car Rental; Passenger Car Leasing; Truck, Utility Trailer, And Recreational Vehicle Rental And Leasing
  • By Type Of Mode: Online; Offline
  • By Type Of Lease: Open; Close
  • By End Use: Individual; Corporate

Companies Mentioned: Enterprise Holdings; The Hertz Corporation; Avis Budget; Daimler Group; LeasePlan

Countries: China, Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam, Canada, Mexico, USA, Argentina, Brazil, Chile, Colombia, Peru, Venezuela, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, Czech Republic, Poland, Romania, Russia, Saudi Arabia, Israel, Turkey, UAE, Egypt, Nigeria, South Africa

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time-series: Five years historic and forecast, three years further forecast, and six years further forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Al Badie Group (ABG)
  • Business Lease Group
  • EHi Auto Services Co. Ltd
  • Honda Canada Finance Inc.
  • Orix Auto Corporation
  • Shouqi Car Rental Co. Ltd
  • MORE

1. Automobile Rental and Leasing Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1.1. Segmentation by Geography
6.1.2. Segmentation by Type
6.1.3. Segmentation by Type of Mode
6.1.4. Segmentation by Type of Lease
6.1.5. Segmentation by End Use

7. Automobile Rental and Leasing Market Characteristics
7.1. Market Segmentation by Type
7.1.1. Passenger Car Rentals
7.1.2. Passenger Car Leasing
7.1.3. Truck, Utility Trailer, and Recreational Vehicle (RV) Rental and Leasing
7.2. Market Segmentation by Type of Mode
7.2.1. Online
7.2.2. Offline
7.3. Market Segmentation by Type of Lease
7.3.1. Open
7.3.2. Close
7.4. Market Segmentation by End Use
7.4.1. Individual
7.4.2. Corporate

8. Automobile Rental and Leasing Market Supply Chain
8.1. Vehicle Selection
8.2. Leasing and Financing
8.2.1. OEMs
8.2.2. Bank Affiliates
8.3. Independent Lease Companies
8.3.1. Lease Contract
8.3.2. Closed-End Lease
8.3.3. Open-End Lease
8.4. Vehicle Delivery
8.5. Vehicle Return

9. Automobile Rental and Leasing Market, Product Analysis
9.1.1. Enterprise Holdings
9.1.2. the Hertz Corporation
9.1.3. Daimler
9.1.4. Avis Budget Group Inc.
9.1.5. LeasePlan

10. Automobile Rental and Leasing Market Customer Information
10.1. Consumers Increasingly Use Smartphones While Leasing a Car
10.2. Rebates an Important Factor for Leasing a Plugged-In Electric Vehicle
10.3. Opinion of Family/Friends Still Has Significant Impact on Leasing Decision
10.4. Communication is the most Important Factor for Car Rental Customers
10.5. Factors Influencing Customer Satisfaction
10.6. Consolidation in Car Centers
10.7. Adoption of Shorter Asset Lifecycles
10.8. Leasing Activity of New Equipment
10.9. Towable RV Rentals
10.10. Contract Duration for RVs

11. Automobile Rental and Leasing Market Trends and Strategies
11.1. Increasing Merger and Acquisition Activity
11.2. Big Data in Automotive Equipment Leasing
11.3. IoT in Car Rental and Leasing
11.4. Increasing Investment in Blockchain for Automotive Rentals and Leasing
11.5. Application of Artificial Intelligence (AI) in the Automobile Rental and Leasing Market

12. Impact of COVID-19 on the Automobile Rental and Leasing Market
12.1. Introduction
12.2. Impact on Automotive Production Bases
12.3. How Companies in the Car Rental Market are Tackling the Impact of Coronavirus
12.3.1. North America
12.3.2. Europe
12.3.3. Asia Pacific
12.3.4. South America
12.4. Strategies that Car Rental Companies can Adopt to Minimize COVID-19 Impact

13. Global Automobile Rental and Leasing Market Size and Growth
13.1. Historic Market Growth, 2015 – 2019, Value ($ Billion)
13.1.1. Drivers of the Market 2015 – 2019
13.1.2. Restraints on the Market 2015 – 2019
13.2. Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
13.2.1. Drivers of the Market 2019 – 2023
13.2.2. Restraints on the Market 2019 – 2023

14. Automobile Rental and Leasing Market, Regional Analysis
14.1. Global Automobile Rental and Leasing Market, by Region, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.2. Global Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Region
14.3. Global Automobile Rental and Leasing Market, 2019-2023, Growth and Market Share Comparison, by Region

15. Global Automobile Rental and Leasing Market Segmentation
15.1. Global Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.1.1. Passenger Car Rental
15.1.2. Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
15.1.3. Passenger Car Leasing
15.2. Global Automobile Rental and Leasing Market, Segmentation by Mode, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.2.1. Offline
15.2.2. Online
15.3. Global Automobile Rental and Leasing Market, Segmentation by Type of Lease, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.3.1. Open
15.3.2. Close
15.4. Global Automobile Rental and Leasing Market, Segmentation by End-Use, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.4.1. Individual
15.4.2. Corporate

16. Global Automobile Rental and Leasing Market Comparison with Macro Economic Factors
16.1. Automobile Rental and Leasing Market Size, Percentage of GDP, Global
16.2. Per Capita Average Automobile Rental and Leasing Market Expenditure, Global

17. Asia-Pacific Automobile Rental and Leasing Market
17.1. Asia-Pacific Automobile Rental and Leasing Market Overview
17.1.1. Region Information
17.1.2. Market Information
17.1.3. Background Information
17.1.4. Regulations
17.1.5. Regulatory Bodies
17.1.6. Major Associations
17.1.7. Taxes Levied
17.1.8. Investments
17.1.9. Major Companies
17.2. Asia-Pacific Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.3.Asia-Pacific Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.4. Asia-Pacific Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.5. Asia-Pacific Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
17.6. Asia-Pacific Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
17.7. Asia-Pacific Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
17.8. Asia-Pacific Automobile Rental and Leasing Market Metrics
17.8.1. Per Capita Average Automotive Equipment Leasing Expenditure, 2019, Asia-Pacific Major Countries
17.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, Asia-Pacific Countries
17.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, Asia-Pacific Countries
17.9. Asia-Pacific Automobile Rental and Leasing Market: Country Analysis
17.10. Australia Automobile Rental and Leasing Market
17.11. Australia Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.12. Australia Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.13. Australia Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.14. China Automobile Rental and Leasing Market
17.15. China Automobile Rental and Leasing Market Overview
17.15.1. Country Information
17.15.2. Market Information
17.15.3. Background Information
17.15.4. Regulations
17.15.5. Regulatory Bodies
17.15.6. Major Associations
17.15.7. Investments
17.15.8. Major Companies
17.16. China Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.17. China Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.18. China Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.19. Hong Kong Automobile Rental and Leasing Market
17.20. Hong Kong Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.21. Hong Kong Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.22. India Automobile Rental and Leasing Market
17.23. India Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.24. India Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.25. India Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.26. Indonesia Automobile Rental and Leasing Market
17.27. Indonesia Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.28. Indonesia Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.29. Indonesia Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.30. Japan Automobile Rental and Leasing Market
17.31. Japan Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.32. Japan Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.33. Japan Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.34. Malaysia Automobile Rental and Leasing Market
17.35. Malaysia Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.36. Malaysia Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.37. New Zealand Automobile Rental and Leasing Market
17.38. New Zealand Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.39. New Zealand Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.40. Philippines Automobile Rental and Leasing Market
17.41. Philippines Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.42. Philippines Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.43. Singapore Automobile Rental and Leasing Market
17.44. Singapore Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.45. Singapore Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.46. South Korea Automobile Rental and Leasing Market Overview
17.47. South Korea Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.48. South Korea Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.49. South Korea Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.50. Thailand Automobile Rental and Leasing Market
17.51. Thailand Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.52. Thailand Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
17.53. Vietnam Automobile Rental and Leasing Market
17.54. Vietnam Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
17.55. Vietnam Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)

18. Western Europe Automobile Rental and Leasing Market
18.1. Western Europe Automobile Rental and Leasing Market Overview
18.1.1. Region Information
18.1.2. Market Information
18.1.3. Background Information
18.1.4. Regulations
18.1.5. Regulatory Bodies
18.1.6. Major Associations
18.1.7. Taxes Levied
18.1.8. Investments
18.1.9. Major Companies
18.2. Western Europe Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.3.Western Europe Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.4. Western Europe Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.5. Western Europe Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
18.6. Western Europe Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
18.7. Western Europe Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
18.8. Western Europe Automobile Rental and Leasing Market Metrics
18.8.1. Per Capita Average Automotive Equipment Leasing Expenditure, 2019, Western Europe Major Countries
18.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, Western Europe Countries
18.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, Western Europe Countries
18.9. Western Europe Automobile Rental and Leasing Market: Country Analysis
18.10. Austria Automobile Rental and Leasing Market
18.11. Austria Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.12. Austria Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.13. Belgium Automobile Rental and Leasing Market
18.14. Belgium Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.15. Belgium Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.16. Denmark Automobile Rental and Leasing Market
18.17. Denmark Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.18. Denmark Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.19. Finland Automobile Rental and Leasing Market
18.20. Finland Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.21. Finland Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.22. France Automobile Rental and Leasing Market
18.23. France Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.24. France Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.25. France Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.26. Germany Automobile Rental and Leasing Market
18.27. Germany Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.28. Germany Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.29. Germany Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.30. Ireland Automobile Rental and Leasing Market
18.31. Ireland Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.32. Ireland Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.33. Italy Automobile Rental and Leasing Market
18.34. Italy Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.35. Italy Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.36. Italy Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.37. Netherlands Automobile Rental and Leasing Market
18.38. Netherlands Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.39. Netherlands Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.40. Norway Automobile Rental and Leasing Market
18.41. Norway Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.42. Norway Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.43. Portugal Automobile Rental and Leasing Market
18.44. Portugal Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.45. Portugal Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.46. Spain Automobile Rental and Leasing Market
18.47. Spain Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.48. Spain Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.49. Spain Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.50. Sweden Automobile Rental and Leasing Market
18.51. Sweden Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.52. Sweden Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.53. Switzerland Automobile Rental and Leasing Market
18.54. Switzerland Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.55. Switzerland Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.56. UK Automobile Rental and Leasing Market
18.57. UK Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
18.58. UK Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
18.59. UK Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)

19. Eastern Europe Automobile Rental and Leasing Market
19.1. Eastern Europe Automobile Rental and Leasing Market Overview
19.1.1. Region Information
19.1.2. Market Information
19.1.3. Background Information
19.1.4. Regulations
19.1.5. Regulatory Bodies
19.1.6. Major Associations
19.1.7. Investments
19.1.8. Major Companies
19.2. Eastern Europe Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
19.3.Eastern Europe Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
19.4. Eastern Europe Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.5. Eastern Europe Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
19.6. Eastern Europe Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
19.7. Eastern Europe Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
19.8. Eastern Europe Automobile Rental and Leasing Market Metrics
19.8.1. Per Capita Average Automobile Rental and Leasing Expenditure, 2019, Eastern Europe Major Countries
19.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, Eastern Europe Countries
19.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, Eastern Europe Countries
19.9. Eastern Europe Automobile Rental and Leasing Market: Country Analysis
19.10. Czech Republic Automobile Rental and Leasing Market
19.11. Czech Republic Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
19.12. Czech Republic Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
19.13. Poland Automobile Rental and Leasing Market
19.14. Poland Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
19.15. Poland Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
19.16. Romania Automobile Rental and Leasing Market
19.17. Romania Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
19.18. Romania Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
19.19. Russia Automobile Rental and Leasing Market
19.20. Russia Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
19.21. Russia Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
19.22. Russia Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)

20. North America Automobile Rental and Leasing Market
20.1.North America Automobile Rental and Leasing Market Overview
20.1.1. Region Information
20.1.2. Market Information
20.1.3. Background Information
20.1.4. Regulations
20.1.5. Regulatory Bodies
20.1.6. Major Associations
20.1.7. Taxes
20.1.8. Investments
20.1.9. Major Companies
20.2.North America Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
20.3.North America Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
20.4.North America Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
20.5.North America Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
20.6.North America Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
20.7.North America Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
20.8.North America Automobile Rental and Leasing Market Metrics
20.8.1. Per Capita Average Automobile Rental and Leasing Expenditure, 2019, North America Major Countries
20.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, North America Countries
20.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, North America Countries
20.9.North America Automobile Rental and Leasing Market: Country Analysis
20.10. Canada Automobile Rental and Leasing Market
20.11. Canada Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
20.12. Canada Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
20.13. Mexico Automobile Rental and Leasing Market
20.14. Mexico Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
20.15. Mexico Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
20.16. USA Automobile Rental and Leasing Market Overview
20.16.1. Country Information
20.16.2. Market Information
20.16.3. Background Information
20.16.4. Regulations
20.16.5. Regulatory Bodies
20.16.6. Associations
20.16.7. Investments
20.16.8. Major Companies
20.17. USA Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
20.18. USA Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
20.19. USA Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)

21. South America Automobile Rental and Leasing Market
21.1. South America Automobile Rental and Leasing Market Overview
21.1.1. Region Information
21.1.2. Market Information
21.1.3. Background Information
21.1.4. Regulations
21.1.5. Regulatory Bodies
21.1.6. Major Associations
21.1.7. Taxes Levied
21.1.8. Investments
21.1.9. Major Companies
21.2.South America Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.3.South America Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
21.4.South America Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
21.5.South America Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
21.6.South America Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
21.7.South America Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
21.8.South America Automobile Rental and Leasing Market Metrics
21.8.1. Per Capita Average Automobile Rental and Leasing Expenditure, 2019, South America Major Countries
21.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, South America Countries
21.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, South America Countries
21.9.South America Automobile Rental and Leasing Market: Country Analysis
21.10. Argentina Automobile Rental and Leasing Market
21.11. Argentina Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.12. Argentina Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
21.13. Brazil Automobile Rental and Leasing Market
21.14. Brazil Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.15. Brazil Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
21.16. Brazil Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
21.17. Chile Automobile Rental and Leasing Market
21.18. Chile Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.19. Chile Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
21.20. Colombia Automobile Rental and Leasing Market
21.21. Colombia Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.22. Colombia Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
21.23. Peru Automobile Rental and Leasing Market
21.24. Peru Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.25. Peru Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
21.26. Venezuela Automobile Rental and Leasing Market
21.27. Venezuela Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
21.28. Venezuela Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)

22. Middle East Automobile Rental and Leasing Market
22.1.Middle East Automobile Rental and Leasing Market Overview
22.1.1. Region Information
22.1.2. Market Information
22.1.3. Background Information
22.1.4. Regulations
22.1.5. Regulatory Bodies
22.1.6. Major Associations
22.1.7. Taxes
22.1.8. Investments
22.1.9. Major Companies
22.2.Middle East Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
22.3.Middle East Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
22.4.Middle East Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
22.5.Middle East Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
22.6.Middle East Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
22.7.Middle East Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
22.8.Middle East Automobile Rental and Leasing Market Metrics
22.8.1. Per Capita Average Automobile Rental and Leasing Expenditure, 2019, Middle East Major Countries
22.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, Middle East Countries
22.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, Middle East Countries
22.9.Middle East Automobile Rental and Leasing Market: Country Analysis
22.10. Israel Automobile Rental and Leasing Market
22.11. Israel Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
22.12. Israel Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
22.13. Saudi Arabia Automobile Rental and Leasing Market
22.14. Saudi Arabia Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
22.15. Saudi Arabia Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
22.16. Turkey Automobile Rental and Leasing Market
22.17. Turkey Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
22.18. Turkey Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
22.19. UAE Automobile Rental and Leasing Market
22.20. UAE Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
22.21. UAE Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)

23. Africa Automobile Rental and Leasing Market
23.1.Africa Automobile Rental and Leasing Market Overview
23.1.1. Region Information
23.1.2. Market Information
23.1.3. Background Information
23.1.4. Regulations
23.1.5. Regulatory Bodies
23.1.6. Associations
23.1.7. Taxes
23.1.8. Investments
23.1.9. Major Companies
23.2.Africa Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
23.3.Africa Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
23.4.Africa Automobile Rental and Leasing Market, Segmentation by Type, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Billion)
23.5.Africa Automobile Rental and Leasing Market, 2019, by Country, Value ($ Billion)
23.6.Africa Automobile Rental and Leasing Market, 2015 – 2023, Historic and Forecast, by Country
23.7.Africa Automobile Rental and Leasing Market, 2019 – 2023, Growth and Market Share Comparison, by Country
23.8.Africa Automobile Rental and Leasing Market Metrics
23.8.1. Per Capita Average Automobile Rental and Leasing Expenditure, 2019, Africa Major Countries
23.8.2. Estimated Number of Enterprises, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Enterprises, 2019, Africa Countries
23.8.3. Estimated Number of Employees, Automobile Rental and Leasing Market, Automobile Rental and Leasing Market/Number of Employees, 2019, Africa Countries
23.9.Africa Automobile Rental and Leasing Market: Country Analysis
23.10. Egypt Automobile Rental and Leasing Market
23.11. Egypt Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
23.12. Egypt Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
23.13. Nigeria Automobile Rental and Leasing Market
23.14. Nigeria Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
23.15. Nigeria Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)
23.16. South Africa Automobile Rental and Leasing Market
23.17. South Africa Automobile Rental and Leasing Market, Historic Market Growth, 2015 – 2019, Value ($ Billion)
23.18. South Africa Automobile Rental and Leasing Market, Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Billion)

24. Global Automobile Rental and Leasing Market Competitive Landscape
24.1. Company Profiles
24.2. Enterprise Holdings
24.2.1. Company Overview
24.2.2. Products and Services
24.2.3. Business Strategy
24.2.4. Financial Overview
24.3. the Hertz Corporation
24.3.1. Company Overview
24.3.2. Products and Services
24.3.3. Business Strategy
24.3.4. Financial Overview
24.4. Avis Budget Group, Inc.
24.4.1. Company Overview
24.4.2. Products and Services
24.4.3. Business Strategy
24.4.4. Financial Overview
24.5. Daimler
24.5.1. Company Overview
24.5.2. Products and Services
24.5.3. Business Strategy
24.5.4. Financial Overview
24.6. LeasePlan Corporation N. V.
24.6.1. Company Overview
24.6.2. Products and Services
24.6.3. Business Strategy
24.6.4. Financial Overview

25. Key Mergers and Acquisitions in the Automobile Rental and Leasing Market
25.1. VMS Fleet Management Acquired Western Truck Rental
25.2. the Bancorp, Inc. Acquired McMahon Leasing
25.3. Enterprise Rent-A-Car Canada Acquired Discount Car and Truck Rentals
25.4. Toyota Fleet Mobility Acquired Inchcape Fleet Solutions (IFS)
25.5. Hitachi Capital Corporation Acquired Mobilease Belgium NV
25.6. Enterprise Rent-A-Car UK Acquired SHB Hire
25.7. ALD Automotive Acquired SternLease B.V.
25.8. Enterprise Holdings Acquired Dooley Car Rentals
25.9. Enterprise Holdings Acquired CARO Autovermietung
25.10. Avis Budget Group, Inc. Acquired France Cars
25.11. LP Group BV Acquired LeasePlan Corporation N.V.
25.12. Arval Service Lease SAAcquired GE Capital’s European Fleet Services Business
25.13. Element Financial Corporation Acquired GE Capital's Fleet Operations in 3 Countries
25.14. Avis Budget Group, Inc. Acquired Maggiore Group

26. Market Background: Leasing Market
26.1. Leasing Market Characteristics
26.2. Market Definition
26.3. Segmentation by Type of Leased Goods
26.3.1. Automotive Equipment Rental and Leasing
26.3.2. Consumer Goods and General Rental Centers (Equipment Rental Centres)
26.3.3. Machinery Rental
26.3.4. Lessors of Nonfinancial Intangible Assets
26.4. Leasing Market, Supply Chain Analysis
26.4.1. Resources
26.4.2. Intangible Goods Owners
26.4.3. Financial Institutions
26.4.4. Leasing Service Providers
26.4.5. End Users
26.5. Global Leasing Market, Segmentation by Type, 2015 – 2023, Value ($ Billion)
26.6. Global Leasing Market, 2019, by Region, Value ($ Billion)
26.7. Global Leasing Market, 2015 – 2023, Historic and Forecast, by Region

27. Global Automobile Rental and Leasing Market Opportunities and Strategies
27.1. Global Automobile Rental and Leasing Market in 2023 – Countries Offering most New Opportunities
27.2. Global Automobile Rental and Leasing Market in 2023 – Segments Offering most New Opportunities
27.3. Global Automobile Rental and Leasing Market in 2023 – Growth Strategies
27.3.1. Market Trend Based Strategies
27.3.2. Competitor Strategies

28. Global Automobile Rental and Leasing Market Conclusions and Recommendations
28.1. Conclusions
28.2. Recommendations
28.2.1. Product
28.2.2. Place
28.2.3. Price
28.2.4. Promotion
28.2.5. People

29. Appendix
29.1. Market Data Sources
29.2. NAICS Definition of the Industry Covered in This Report
29.3. Research Methodology
29.4. Currencies
29.5. Research Inquiries
29.6. About the Publisher

30. Copyright and Disclaimer

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FEATURED COMPANIES

  • Al Badie Group (ABG)
  • Business Lease Group
  • EHi Auto Services Co. Ltd
  • Honda Canada Finance Inc.
  • Orix Auto Corporation
  • Shouqi Car Rental Co. Ltd
  • MORE

This report describes and evaluates the global automobile rental and leasing market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

The global automobile rental and leasing market is expected to decline from $366.9 billion in 2019 to $239.6 billion in 2020 at a compound annual growth rate (CAGR) of -35%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 15.06% from 2021 and reach $421.3 billion in 2023. The market is expected to grow at a CAGR of 8.1% to nearly $492.6 billion by 2025, and at a CAGR of 8.0% to $723.3 billion by 2030.

Growth in the historic period resulted from increased demand for mobility, rise in consumer awareness, growth in the used car market, and emerging markets growth. Factors that negatively affected growth in the historic period were restraints on consolidation in the industry, and driving challenges with overseas travellers.

Going forward, growing popularity of electric vehicles, e-commerce, investment in big data and IoT, and blockchain penetration in automotive rentals and leasing sector will drive the growth. Factors that could hinder the growth of the automobile rental and leasing market in the future include customer service and transparency, the growing popularity of on-demand taxi services, and coronavirus disease (COVID-19) outbreak.

The automobile rental and leasing market is segmented by type into passenger car rental, truck, utility trailer, and RV (recreational vehicle) rental and leasing, and passenger car leasing. The passenger car rental market was the largest segment of the automobile rental and leasing market, accounting for 61.6% of the total in 2019. It was followed by truck, utility trailer, and RV (recreational vehicle) rental and leasing, and passenger car leasing. Going forward, the passenger car leasing segment is expected to be the fastest-growing segment in the automobile rental and leasing market, at a CAGR of 6.2%.

The automobile rental and leasing market is segmented by mode into passenger online and offline. The offline market was the largest segment of the automobile rental and leasing market segmented by mode, accounting for 50.6% of the total in 2019. Going forward, the online segment is expected to be the fastest-growing segment in the automobile rental and leasing market segmented by mode, at a CAGR of 9.1%.

The automobile rental and leasing market is segmented by type of lease into open and close. The open market was the largest segment of the automobile rental and leasing market segmented by type of lease, accounting for 60.2% of the total in 2019. It is also expected to be the fastest-growing segment in the automobile rental and leasing market segmented by type of lease, at a CAGR of 4.3%.

The automobile rental and leasing market is segmented by end-use into industrial and corporate. The industrial market was the largest segment of the automobile rental and leasing market segmented by end-use, accounting for 56.5% of the total in 2019. It is also expected to be the fastest-growing segment in the automobile rental and leasing market segmented by end-use, at a CAGR of 3.7%.

Asia-Pacific was the largest region in the global automobile rental and leasing market, accounting for 31.9% of the total in 2019. It was followed by Western Europe, North America, and then the other regions. Going forward, the fastest-growing regions in the automobile rental and leasing market will be Eastern Europe and the Asia Pacific, where growth will be at CAGRs of 4.3% and 4.1% respectively. These will be followed by Western Europe and South America, where the markets are expected to grow at CAGRs of 3.6% and 3.2% respectively.

The global automotive equipment rental and leasing market is fragmented, with a large number of small players in the market. The top ten competitors in the market made up 22% of the total market in 2019. Major players in the market include Enterprise Holdings, The Hertz Corporation, Avis Budget, Daimler Group, and LeasePlan.

The global leasing market, of which the automobile rental and leasing market is a segment, reached a value of nearly $ 1,398.5 billion in 2019, growing at a compound annual growth rate (CAGR) of 6.5% since 2015. It is expected to grow at a CAGR of 6.2% and reach nearly $1,775.9 billion by 2023. The lessors of nonfinancial intangible assets market were the largest segment in the global leasing market accounting for 38.0% of the total in 2019 and are expected to grow the fastest at a CAGR of 7.9% during 2019-2023. The consumer goods and general rental centers market was the smallest segment of the global leasing market, accounting for 11.1% of the total and was valued at $155.4 billion in 2019.

The top opportunities in the automobile rental and leasing market segmented by type will arise in the passenger car rental segment, which will gain $31.9 billion of global annual sales by 2023. The top opportunities in the automobile rental and leasing market segmented by mode will arise in the online segment, which will gain $75.7 billion of global annual sales by 2023. The top opportunities in the automobile rental and leasing market segmented by type of lease will arise in the open segment, which will gain $40.6 billion of global annual sales by 2023. The top opportunities in the automobile rental and leasing market segmented by end-use will arise in the individual segment, which will gain $32.1 billion of global annual sales by 2023.

The automotive equipment market size will gain the most in China at $8.87 billion. Market-trend-based strategies for the automobile rental and leasing market include investing in big data technology, adopting IoT technology to better manage fleet and reduce costs, adopting blockchain technology to make leasing/renting more reliable, and implementing artificial intelligence in their operations. Player-adopted strategies in the automobile rental and leasing market include expanding through acquisitions, expanding through franchisee partnerships, and driving growth through operational efficiencies.

Amidst the unprecedented outbreak of coronavirus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has decreased short term potential growth opportunities for the industry. Restrictions on international travel severely impacted the airport rentals industry. In the US, with the closure of amusement parks and other leisure activity destinations, car rentals for these services have also been negatively affected. To curb the impact of COVID-19 on their businesses, automotive leasing companies can consider adopting various strategies such as de-fleeting to save costs and focusing on delivery and logistical services to meet the revised needs of customers.

Note: Product cover images may vary from those shown
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  • Al Badie Group (ABG)
  • Ally Financial Inc.
  • Barloworld Limited
  • Bidvest Car Rental
  • Budget
  • Business Lease Group
  • CAR Inc. (CAR)
  • CHB Ltd
  • ComfortDelGro
  • DRD Fleet Leasing
  • EHi Auto Services Co. Ltd
  • EuropCar
  • Ford Credit
  • Gage Car Hire
  • GM Financial
  • Honda Canada Finance Inc.
  • Imperial Truck Rental
  • KAMAZ Leasing Company
  • Localiza Hertz
  • Movida Car Rental
  • Orix Auto Corporation
  • Ouro Verde
  • Paramount Leasing & Car Rental LLC
  • PROX CAR RENTAL LLC
  • Renault Eurodrive
  • Scania Polska SA
  • Shenzhen Timshine Car Rental Co. Ltd
  • Shouqi Car Rental Co. Ltd
  • Springs Car Wholesalers (Pty) Ltd
  • The Combined Motor Holdings Group (CMH)
  • Toyota Financial Services
  • Toyota Rentacar
  • Unidas
  • Unitrans Automotive SA
  • VEB-leasing
  • Volkswagen Credit
  • Volvo Financial Services
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