Automotive Leasing Market, by Lease Type (Open Ended and Close Ended), By Vehicle type (Passenger Cars and LCV and HCV), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI365919 | Publish Date: May 2024 | No. of Pages: 160

Global Automotive Leasing Market By Overview

An automotive lease market is rapidly growing now a day globally. The automotive leasing is a financial procedure or an agreement to allows an individual to get a vehicle for use without paying for it entirely. This provide a right to use the vehicle for a certain time period as per the consumer need and after used consumer has to return the vehicle at the end of that period, and also sometime the lease provider gives an option to buy it outright. this lease provides an option of product such as rent a car, truck, SUV or motorcycle for a period of time. However, many leases do give the lessee the option of purchasing the car at the end of their lease term. leasing the car or any vehicle Dependent on situation, there are some advantages to leasing a car rather than purchasing one.

The automotive leasing market is getting the advantages due to increasing standard of leaving. Additionally, the fast track urbanization and increasing amount of disposable income in both developing and developed countries are the factor driving the target market growth. Additionally, the growth of the market is influenced by the growth in automotive sector, growing awareness about the advantages of fleet leasing and the high growth potential for leasing market. For instance, according to IBEF the Indian automotive industry is growing rapidly and became the 4th largest in the world. with increasing sales 9.5 per cent year-on-year to 4.02 million units in 2017. Additionally, it was the 7th largest manufacturer of commercial vehicles in 2018. This factors provides an exceptional growth to the market.

Automotive Leasing market is segmented based of lease type, vehicle type, and region.

by Lease Type the automotive leasing market is classified in to open ended and close ended. Open ended segmented is expected to provide a significant growth to the market due to this type provides the lessee with the maximum flexibility. By Vehicle type the market is classified in to Passenger Cars and LCV and HCV, the passenger cars leasing is accounted to captured a major share of the market. Due to increasing need of personal transport, for various purpose and the lessor are offering various benefits and option to the passenger car borrower such factor driving the growth of target market segment.Based on region the Automotive Leasing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. APAC is forecasted for largest market share in coming year with the SMEs in China, India, Indonesia, Australia, and Japan desiring the option of car leasing.  The Europe market is growing significantly for instance according to Leas Europe org brings together 45 member associations in 32 European countries on behalf of the leasing, long term and short term automotive rental industries. In 2017, these associations represented around 1,400 leasing firms and 500 short term rental companies.

 “*” marked represents similar segmentation in other categories in the respective section

Global Automotive Leasing Market By Key Players

Key players operating in the Automotive Leasing market includes ARI, Glesby Marks, LeasePlan Corporation N.V., AutoFlex AFV, Velcor Leasing Corporation, Caldwell fleet leasing, Wheel, Inc., PRO Leasing Services, Jim Pattison Lease, Sixt Leasing SE.

Global Automotive Leasing Market By Company Profile

Company Profile:

  • ARI.*
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Glesby Marks
  • LeasePlan Corporation N.V.
  • AutoFlex AFV
  • Velcor Leasing Corporation
  • Caldwell fleet leasing
  • Wheel, Inc.
  • PRO Leasing Services
  • Jim Pattison Lease
  • Sixt Leasing SE

FAQs

Automotive Leasing market is segmented based of lease type, vehicle type, and region.

Factors driving the automotive leasing market include increasing consumer preference for flexible mobility solutions, rising costs of vehicle ownership, growing demand for luxury and high-end vehicles, expanding urbanization, and the availability of innovative leasing options such as subscription-based services.

The report likely encompasses regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to dominate the automotive leasing market due to a strong presence of leasing companies, favorable regulatory environment, and increasing consumer preference for flexible mobility solutions.

Key players operating in the Automotive Leasing market includes ARI, Glesby Marks, LeasePlan Corporation N.V., AutoFlex AFV, Velcor Leasing Corporation, Caldwell fleet leasing, Wheel, Inc., PRO Leasing Services, Jim Pattison Lease, Sixt Leasing SE.