Auto Leasing Market is estimated to be US$ 138.89 billion by 2030 with a CAGR of 7.50% during the forecast period

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Published Date: April 2024

Auto Leasing Market accounted for US$ 67.54 billion in 2020 and is estimated to be US$ 138.89 billion by 2030 and is anticipated to register a CAGR of 7.50%. Auto leasing is used as a motor vehicle for a fixed period of time. It includes vehicle funding maintenance and residual risk handling. Vehicle leasing is majorly used for auto vehicles for a fixed period at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is rapidly used by a business as a method of acquiring vehicles without the use of needed cash outlay. Auto leasing offers advantages for both buyers and sellers, for the buyers, lease payment will usually be lower than payment on a car loan would be. Any sales tax is due only on each monthly payment, rather than immediately on the entire purchase price as in the case of a loan.

The report " Auto Leasing Market, By Type ( Short-term Rental, Long-term Rental, and Finance Leasing), By Applications (Airport and Off-airport), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

Mahindra Launched Quiklyz Leasing Vehicle Ownership Brand on 17 September 2021, Quiklyz provides consumer pays a monthly fee to access the vehicle of their choice across all car brands, at a lower price point vs. regular car ownership.
FORT LAUDERDALE, FLORIDA, located in the United States, Signature Auto Group Florida launched its game-changing car lease exit program on September 17, 2021. It is a trusted car leasing company, with an A rating by the Better Business Bureau. The program is designed for the help of people to avoid all future lease payments by being bought out of their existing car leases.

Analyst View:

Increasing demand and vehicle preference towards a specific model is the major driving factor for the growth of the auto leasing market. Growing awareness about the benefits of leasing and people shifting from purchase to vehicle leasing are some factors that boost the market growth. The cost of equipment at the time of collisions is anticipated to hamper the growth of the market. Furthermore, increase the use of auto leasing which declared government policies at the lucrative opportunities for the growth of the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Auto Leasing Market, By Type ( Short-term Rental, Long-term Rental, and Finance Leasing), By Applications (Airport and Off-airport), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Market Insights from the report:

Auto Leasing Market accounted for US$ 67.54 billion in 2020 and is estimated to be US$ 138.89 billion by 2030 and is anticipated to register a CAGR of 7.50%. The Auto Leasing Market is segmented by Type, Application, and Region.

By Type, Auto Leasing Market is segmented into Short-term Rental, Long-term Rental, and Finance Leasing.
By Application, Auto Leasing Market is segmented into Airport and Off-airport.
By Region, Auto Leasing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

The key operators of the Auto Leasing Market are Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Avis Budget Group, Inc., Europcar Mobility Group S.A., Sixt SE, ALD Automotive AS, Movida Group, and CA, Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered