FEATURED COMPANIES
- Avis Budget Group Inc
- Enterprise Holdings Inc
- Hertz Global Holdings Inc
- LeasePlan Corporation N V
- United Rentals Inc.
Leasing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global leasing market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Where is the largest and fastest growing market for leasing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Leasing market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider leasing market, and compares it with other markets.
Markets Covered:
1) By Type: Automotive Equipment Leasing; Consumer Goods and General Rental Centers; Machinery Leasing; Lessors Of Nonfinancial Intangible Assets
2) By Mode: Online; Offline
Subsegments Covered: Passenger Car Rental; Passenger Car Leasing; Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing; Consumer Goods Rental; General Rental Centers; Heavy Construction Machinery Rental; Commercial Air, Rail, and Water Transportation Equipment Rental; Mining, Oil and Gas, and Forestry Machinery and Equipment Rental; Office Machinery and Equipment Rental; Other Commercial and Industrial Machinery and Equipment Rental; Oil Royalty Companies; Patent Owners and Lessors
Companies Mentioned: Enterprise Holdings Inc; Hertz Global Holdings Inc; LeasePlan Corporation N V; Avis Budget Group Inc; United Rentals Inc.
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, leasing indicators comparison.
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.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- 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.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- 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
Where is the largest and fastest growing market for leasing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Leasing market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider leasing market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The leasing market section of the report gives context. It compares the leasing market with other segments of the services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, leasing indicators comparison.
Markets Covered:
1) By Type: Automotive Equipment Leasing; Consumer Goods and General Rental Centers; Machinery Leasing; Lessors Of Nonfinancial Intangible Assets
2) By Mode: Online; Offline
Subsegments Covered: Passenger Car Rental; Passenger Car Leasing; Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing; Consumer Goods Rental; General Rental Centers; Heavy Construction Machinery Rental; Commercial Air, Rail, and Water Transportation Equipment Rental; Mining, Oil and Gas, and Forestry Machinery and Equipment Rental; Office Machinery and Equipment Rental; Other Commercial and Industrial Machinery and Equipment Rental; Oil Royalty Companies; Patent Owners and Lessors
Companies Mentioned: Enterprise Holdings Inc; Hertz Global Holdings Inc; LeasePlan Corporation N V; Avis Budget Group Inc; United Rentals Inc.
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, leasing indicators comparison.
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
FEATURED COMPANIES
- Avis Budget Group Inc
- Enterprise Holdings Inc
- Hertz Global Holdings Inc
- LeasePlan Corporation N V
- United Rentals Inc.
1. Executive Summary
2. Report Structure
3. Leasing Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Leasing Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Leasing Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Leasing Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Leasing Market Trends and Strategies
8. Impact of COVID-19 on Leasing
9. Leasing Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Leasing Market Regional Analysis
10.1. Global Leasing Market, 2020, by Region, Value ($ Billion)
10.2. Global Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Leasing Market, Growth and Market Share Comparison, by Region
11. Leasing Market Segmentation
11.1. Global Leasing Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.1. Global Automotive Equipment Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Passenger Car Rental; Passenger Car Leasing; Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
12.2. Global Consumer Goods and General Rental Centers Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Consumer Goods Rental; General Rental Centers
12.3. Global Machinery Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Heavy Construction Machinery Rental; Commercial Air, Rail, and Water Transportation Equipment Rental; Mining, Oil and Gas, and Forestry Machinery and Equipment Rental; Office Machinery and Equipment Rental; Other Commercial and Industrial Machinery and Equipment Rental
12.4. Global Lessors of Nonfinancial Intangible Assets Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Oil Royalty Companies; Patent Owners and Lessors
13. Leasing Market Metrics
13.1. Leasing Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Leasing Market Expenditure, 2015-2025, Global
14. Asia-Pacific Leasing Market
14.1. Asia-Pacific Leasing Market Overview
14.3. Asia-Pacific, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Asia-Pacific, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Asia-Pacific, Leasing Market Metrics
14.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Asia-Pacific Countries
14.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Asia-Pacific Countries
14.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Asia-Pacific Countries
14.6. Asia-Pacific Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Asia-Pacific Leasing Market: Country Analysis
14.7.1. China Leasing Market
14.7.1.1. China Leasing Market Overview
14.7.1.2. China Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Australia Leasing Market
14.7.2.1. Australia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Hong Kong Leasing Market
14.7.3.1. Hong Kong Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. India Leasing Market
14.7.4.1. India Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. Indonesia Leasing Market
14.7.5.1. Indonesia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Japan Leasing Market
14.7.6.1. Japan Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Malaysia Leasing Market
14.7.7.1. Malaysia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. New Zealand Leasing Market
14.7.8.1. New Zealand Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Philippines Leasing Market
14.7.9.1. Philippines Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Singapore Leasing Market
14.7.10.1. Singapore Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. South Korea Leasing Market
14.7.11.1. South Korea Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Thailand Leasing Market
14.7.12.1. Thailand Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Vietnam Leasing Market
14.7.13.1. Vietnam Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Western Europe Leasing Market
15.1. Western Europe Leasing Market Overview
15.2. Western Europe, Leasing Market, 2020, by Country, Value ($ Billion)
15.3. Western Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Western Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Western Europe, Leasing Market Metrics
15.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Western Europe Countries
15.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Western Europe Countries
15.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Western Europe Countries
15.6. Western Europe Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Western Europe Leasing Market: Country Analysis
15.7.1. Austria Leasing Market
15.7.1.1. Austria Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Belgium Leasing Market
15.7.2.1. Belgium Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Denmark Leasing Market
15.7.3.1. Denmark Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Finland Leasing Market
15.7.4.1. Finland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5. France Leasing Market
15.7.5.1. France Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6. Germany Leasing Market
15.7.6.1. Germany Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.7. Ireland Leasing Market
15.7.7.1. Ireland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.8. Italy Leasing Market
15.7.8.1. Italy Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.9. Netherlands Leasing Market
15.7.9.1. Netherlands Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.10. Norway Leasing Market
15.7.10.1. Norway Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.11. Portugal Leasing Market
15.7.11.1. Portugal Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.12. Spain Leasing Market
15.7.12.1. Spain Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.13. Sweden Leasing Market
15.7.13.1. Sweden Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.14. Switzerland Leasing Market
15.7.14.1. Switzerland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. UK Leasing Market
15.7.15.1. UK Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. Eastern Europe Leasing Market
16.1. Eastern Europe Leasing Market Overview
16.2. Eastern Europe, Leasing Market, 2020, by Country, Value ($ Billion)
16.3. Eastern Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. Eastern Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. Eastern Europe, Leasing Market Metrics
16.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Eastern Europe Countries
16.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Eastern Europe Countries
16.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Eastern Europe Countries
16.6. Eastern Europe Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. Eastern Europe Leasing Market: Country Analysis
16.7.1. Czech Republic Leasing Market,
16.7.1.1. Czech Republic Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Poland Leasing Market
16.7.2.1. Poland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. Romania Leasing Market
16.7.3.1. Romania Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4. Russia Leasing Market
16.7.4.1. Russia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. North America Leasing Market
17.1. North America Leasing Market Overview
17.2. North America, Leasing Market, 2020, by Country, Value ($ Billion)
17.3. North America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. North America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. North America, Leasing Market Metrics
17.5.1. Per Capita Average Leasing Expenditure, 2015-2025, North America Countries
17.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, North America Countries
17.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, North America Countries
17.6. North America Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. North America Leasing Market: Country Analysis
17.7.1. Canada Leasing Market
17.7.1.1. Canada Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Mexico Leasing Market
17.7.2.1. Mexico Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. USA Leasing Market
17.7.3.1. USA Leasing Market Overview
17.7.3.2. USA Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. South America Leasing Market
18.1. South America Leasing Market Overview
18.2. South America, Leasing Market, 2020, by Country, Value ($ Billion)
18.3. South America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. South America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. South America, Leasing Market Metrics
18.5.1. Per Capita Average Leasing Expenditure, 2015-2025, South America Countries
18.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, South America Countries
18.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, South America Countries
18.6. South America Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. South America Leasing Market: Country Analysis
18.7.1. Argentina Leasing Market
18.7.1.1. Argentina Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Brazil Leasing Market
18.7.2.1. Brazil Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Chile Leasing Market
18.7.3.1. Chile Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. Colombia Leasing Market
18.7.4.1. Colombia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.5. Peru Leasing Market
18.7.5.1. Peru Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.6. Venezuela Leasing Market
18.7.6.1. Venezuela Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Middle East Leasing Market
19.1. Middle East Leasing Market Overview
19.2. Middle East, Leasing Market, 2020, by Country, Value ($ Billion)
19.3. Middle East, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Middle East, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Middle East, Leasing Market Metrics
19.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Middle East Countries
19.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Middle East Countries
19.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Middle East Countries
19.6. Middle East Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Middle East Leasing Market: Country Analysis
19.7.1. Saudi Arabia Leasing Market
19.7.1.1. Saudi Arabia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Israel Leasing Market
19.7.2.1. Israel Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. Turkey Leasing Market
19.7.3.1. Turkey Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.4. UAE Leasing Market
19.7.4.1. UAE Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Africa Leasing Market
20.1. Africa Leasing Market Overview
20.2. Africa, Leasing Market, 2020, by Country, Value ($ Billion)
20.3. Africa, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
20.4. Africa, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
20.5. Africa, Leasing Market Metrics
20.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Africa Countries
20.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Africa Countries
20.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Africa Countries
20.6. Africa Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7. Africa Leasing Market: Country Analysis
20.7.1. Egypt Leasing Market
20.7.1.1. Egypt Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.2. Nigeria Leasing Market
20.7.2.1. Nigeria Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.3. South Africa Leasing Market
20.7.3.1. South Africa Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
21. Leasing Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. Enterprise Holdings Inc
21.3.1.1. Company Overview
21.3.1.2. Products and Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. Hertz Global Holdings Inc
21.3.2.1. Company Overview
21.3.2.2. Products and Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. LeasePlan Corporation N V
21.3.3.1. Company Overview
21.3.3.2. Products and Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Avis Budget Group Inc
21.3.4.1. Company Overview
21.3.4.2. Products and Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. United Rentals Inc.
21.3.5.1. Company Overview
21.3.5.2. Products and Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance
22. Key Mergers and Acquisitions in the Leasing Market
23. Market Background: Services Market
23.1. Services Market Characteristics
23.2. Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Growth, by Segment, Value ($ Billion), Global
23.3. Global Services Market, 2020, by Region, Value ($ Billion)
23.4. Global Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
23.5. Global Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)
24. Recommendations
24.1. Global Leasing Market in 2025- Growth Countries
24.2. Global Leasing Market in 2025- Growth Segments
24.3. Global Leasing Market in 2025- Growth Strategies
25. Appendix
25.1. NAICS Definitions of Industry Covered in This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. About the Publisher
26. Copyright and Disclaimer
2. Report Structure
3. Leasing Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Leasing Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Leasing Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Leasing Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Leasing Market Trends and Strategies
8. Impact of COVID-19 on Leasing
9. Leasing Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Leasing Market Regional Analysis
10.1. Global Leasing Market, 2020, by Region, Value ($ Billion)
10.2. Global Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Leasing Market, Growth and Market Share Comparison, by Region
11. Leasing Market Segmentation
11.1. Global Leasing Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Automotive Equipment Leasing
- Consumer Goods and General Rental Centers
- Machinery Leasing
- Lessors of Nonfinancial Intangible Assets
- Online
- Offline
12.1. Global Automotive Equipment Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Passenger Car Rental; Passenger Car Leasing; Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
12.2. Global Consumer Goods and General Rental Centers Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Consumer Goods Rental; General Rental Centers
12.3. Global Machinery Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Heavy Construction Machinery Rental; Commercial Air, Rail, and Water Transportation Equipment Rental; Mining, Oil and Gas, and Forestry Machinery and Equipment Rental; Office Machinery and Equipment Rental; Other Commercial and Industrial Machinery and Equipment Rental
12.4. Global Lessors of Nonfinancial Intangible Assets Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Oil Royalty Companies; Patent Owners and Lessors
13. Leasing Market Metrics
13.1. Leasing Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Leasing Market Expenditure, 2015-2025, Global
14. Asia-Pacific Leasing Market
14.1. Asia-Pacific Leasing Market Overview
- Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
14.3. Asia-Pacific, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Asia-Pacific, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Asia-Pacific, Leasing Market Metrics
14.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Asia-Pacific Countries
14.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Asia-Pacific Countries
14.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Asia-Pacific Countries
14.6. Asia-Pacific Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Asia-Pacific Leasing Market: Country Analysis
14.7.1. China Leasing Market
14.7.1.1. China Leasing Market Overview
14.7.1.2. China Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Australia Leasing Market
14.7.2.1. Australia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Hong Kong Leasing Market
14.7.3.1. Hong Kong Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. India Leasing Market
14.7.4.1. India Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. Indonesia Leasing Market
14.7.5.1. Indonesia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Japan Leasing Market
14.7.6.1. Japan Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Malaysia Leasing Market
14.7.7.1. Malaysia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. New Zealand Leasing Market
14.7.8.1. New Zealand Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Philippines Leasing Market
14.7.9.1. Philippines Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Singapore Leasing Market
14.7.10.1. Singapore Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. South Korea Leasing Market
14.7.11.1. South Korea Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Thailand Leasing Market
14.7.12.1. Thailand Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Vietnam Leasing Market
14.7.13.1. Vietnam Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Western Europe Leasing Market
15.1. Western Europe Leasing Market Overview
15.2. Western Europe, Leasing Market, 2020, by Country, Value ($ Billion)
15.3. Western Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Western Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Western Europe, Leasing Market Metrics
15.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Western Europe Countries
15.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Western Europe Countries
15.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Western Europe Countries
15.6. Western Europe Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Western Europe Leasing Market: Country Analysis
15.7.1. Austria Leasing Market
15.7.1.1. Austria Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Belgium Leasing Market
15.7.2.1. Belgium Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Denmark Leasing Market
15.7.3.1. Denmark Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Finland Leasing Market
15.7.4.1. Finland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5. France Leasing Market
15.7.5.1. France Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6. Germany Leasing Market
15.7.6.1. Germany Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.7. Ireland Leasing Market
15.7.7.1. Ireland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.8. Italy Leasing Market
15.7.8.1. Italy Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.9. Netherlands Leasing Market
15.7.9.1. Netherlands Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.10. Norway Leasing Market
15.7.10.1. Norway Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.11. Portugal Leasing Market
15.7.11.1. Portugal Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.12. Spain Leasing Market
15.7.12.1. Spain Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.13. Sweden Leasing Market
15.7.13.1. Sweden Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.14. Switzerland Leasing Market
15.7.14.1. Switzerland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. UK Leasing Market
15.7.15.1. UK Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. Eastern Europe Leasing Market
16.1. Eastern Europe Leasing Market Overview
16.2. Eastern Europe, Leasing Market, 2020, by Country, Value ($ Billion)
16.3. Eastern Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. Eastern Europe, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. Eastern Europe, Leasing Market Metrics
16.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Eastern Europe Countries
16.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Eastern Europe Countries
16.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Eastern Europe Countries
16.6. Eastern Europe Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. Eastern Europe Leasing Market: Country Analysis
16.7.1. Czech Republic Leasing Market,
16.7.1.1. Czech Republic Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Poland Leasing Market
16.7.2.1. Poland Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. Romania Leasing Market
16.7.3.1. Romania Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4. Russia Leasing Market
16.7.4.1. Russia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. North America Leasing Market
17.1. North America Leasing Market Overview
17.2. North America, Leasing Market, 2020, by Country, Value ($ Billion)
17.3. North America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. North America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. North America, Leasing Market Metrics
17.5.1. Per Capita Average Leasing Expenditure, 2015-2025, North America Countries
17.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, North America Countries
17.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, North America Countries
17.6. North America Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. North America Leasing Market: Country Analysis
17.7.1. Canada Leasing Market
17.7.1.1. Canada Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Mexico Leasing Market
17.7.2.1. Mexico Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. USA Leasing Market
17.7.3.1. USA Leasing Market Overview
17.7.3.2. USA Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. South America Leasing Market
18.1. South America Leasing Market Overview
18.2. South America, Leasing Market, 2020, by Country, Value ($ Billion)
18.3. South America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. South America, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. South America, Leasing Market Metrics
18.5.1. Per Capita Average Leasing Expenditure, 2015-2025, South America Countries
18.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, South America Countries
18.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, South America Countries
18.6. South America Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. South America Leasing Market: Country Analysis
18.7.1. Argentina Leasing Market
18.7.1.1. Argentina Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Brazil Leasing Market
18.7.2.1. Brazil Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Chile Leasing Market
18.7.3.1. Chile Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. Colombia Leasing Market
18.7.4.1. Colombia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.5. Peru Leasing Market
18.7.5.1. Peru Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.6. Venezuela Leasing Market
18.7.6.1. Venezuela Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Middle East Leasing Market
19.1. Middle East Leasing Market Overview
19.2. Middle East, Leasing Market, 2020, by Country, Value ($ Billion)
19.3. Middle East, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Middle East, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Middle East, Leasing Market Metrics
19.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Middle East Countries
19.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Middle East Countries
19.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Middle East Countries
19.6. Middle East Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Middle East Leasing Market: Country Analysis
19.7.1. Saudi Arabia Leasing Market
19.7.1.1. Saudi Arabia Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Israel Leasing Market
19.7.2.1. Israel Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. Turkey Leasing Market
19.7.3.1. Turkey Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.4. UAE Leasing Market
19.7.4.1. UAE Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Africa Leasing Market
20.1. Africa Leasing Market Overview
20.2. Africa, Leasing Market, 2020, by Country, Value ($ Billion)
20.3. Africa, Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
20.4. Africa, Leasing Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
20.5. Africa, Leasing Market Metrics
20.5.1. Per Capita Average Leasing Expenditure, 2015-2025, Africa Countries
20.5.2. Number of Enterprises, Leasing Market, Leasing Market/Number of Enterprises, 2020, Africa Countries
20.5.3. Number of Employees, Leasing Market, Leasing Market/Number of Employees, 2020, Africa Countries
20.6. Africa Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7. Africa Leasing Market: Country Analysis
20.7.1. Egypt Leasing Market
20.7.1.1. Egypt Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.2. Nigeria Leasing Market
20.7.2.1. Nigeria Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.3. South Africa Leasing Market
20.7.3.1. South Africa Leasing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
21. Leasing Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. Enterprise Holdings Inc
21.3.1.1. Company Overview
21.3.1.2. Products and Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. Hertz Global Holdings Inc
21.3.2.1. Company Overview
21.3.2.2. Products and Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. LeasePlan Corporation N V
21.3.3.1. Company Overview
21.3.3.2. Products and Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Avis Budget Group Inc
21.3.4.1. Company Overview
21.3.4.2. Products and Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. United Rentals Inc.
21.3.5.1. Company Overview
21.3.5.2. Products and Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance
22. Key Mergers and Acquisitions in the Leasing Market
23. Market Background: Services Market
23.1. Services Market Characteristics
23.2. Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Growth, by Segment, Value ($ Billion), Global
23.3. Global Services Market, 2020, by Region, Value ($ Billion)
23.4. Global Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
23.5. Global Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)
24. Recommendations
24.1. Global Leasing Market in 2025- Growth Countries
24.2. Global Leasing Market in 2025- Growth Segments
24.3. Global Leasing Market in 2025- Growth Strategies
25. Appendix
25.1. NAICS Definitions of Industry Covered in This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. About the Publisher
26. Copyright and Disclaimer
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Avis Budget Group Inc
- Enterprise Holdings Inc
- Hertz Global Holdings Inc
- LeasePlan Corporation N V
- United Rentals Inc.
Major companies in the leasing market include Enterprise Holdings Inc; Hertz Global Holdings Inc; LeasePlan Corporation N V; Avis Budget Group Inc and United Rentals Inc.
The global leasing market is expected to grow from $1185. 17 billion in 2020 to $1355. 63 billion in 2021 at a compound annual growth rate (CAGR) of 14. 4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1836. 74 billion in 2025 at a CAGR of 8%.
The leasing market consists of sales of leasing services by entities (organizations, sole traders and partnerships) that use a wide variety of tangible goods such as consumer goods, industrial machinery and equipment, automobiles and others and assign intangible assets such as trademarks to customers in return for a periodic rental or lease payment. The leasing market is segmented into automotive equipment leasing; consumer goods and general rental centers; machinery leasing and lessors of nonfinancial intangible assets.
Asia Pacific was the largest region in the global leasing market, accounting for 36% of the market in 2020. North America was the second largest region accounting for 32% of the global leasing market. Africa was the smallest region in the global leasing market.
Internet of things technology is widely being used by car rental and leasing companies to maintain and manage fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. According to Business Insider, number of IoT connected cars on the road are expected to increase from 36 million in 2015 to around 381 million by 2020. Furthermore, approximately 94 million IoT connected cars are expected to be shipped in 2021, which is likely to be 82% of all cars shipped. Using IoT technology, car leasing companies are able to access odometer and diagnostic trouble codes (DTCs) in real time that facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking of door help avoid management of large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs.
Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the leasing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Emergence Of Start-Ups - The emergence of startups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which are often highly priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the market. The number of startups in India is expected to increase to 10,500 by 2020, a 4000 increase from the current number, depicting new opportunities for the leasing market in the client expansion and revenue generation.
The global leasing market is expected to grow from $1185. 17 billion in 2020 to $1355. 63 billion in 2021 at a compound annual growth rate (CAGR) of 14. 4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1836. 74 billion in 2025 at a CAGR of 8%.
The leasing market consists of sales of leasing services by entities (organizations, sole traders and partnerships) that use a wide variety of tangible goods such as consumer goods, industrial machinery and equipment, automobiles and others and assign intangible assets such as trademarks to customers in return for a periodic rental or lease payment. The leasing market is segmented into automotive equipment leasing; consumer goods and general rental centers; machinery leasing and lessors of nonfinancial intangible assets.
Asia Pacific was the largest region in the global leasing market, accounting for 36% of the market in 2020. North America was the second largest region accounting for 32% of the global leasing market. Africa was the smallest region in the global leasing market.
Internet of things technology is widely being used by car rental and leasing companies to maintain and manage fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. According to Business Insider, number of IoT connected cars on the road are expected to increase from 36 million in 2015 to around 381 million by 2020. Furthermore, approximately 94 million IoT connected cars are expected to be shipped in 2021, which is likely to be 82% of all cars shipped. Using IoT technology, car leasing companies are able to access odometer and diagnostic trouble codes (DTCs) in real time that facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking of door help avoid management of large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs.
Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the leasing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Emergence Of Start-Ups - The emergence of startups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which are often highly priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the market. The number of startups in India is expected to increase to 10,500 by 2020, a 4000 increase from the current number, depicting new opportunities for the leasing market in the client expansion and revenue generation.
Note: Product cover images may vary from those shown
- Enterprise Holdings Inc
- Hertz Global Holdings Inc
- LeasePlan Corporation N V
- Avis Budget Group Inc
- United Rentals Inc.
Note: Product cover images may vary from those shown
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