Press release
Global Car Leasing Market Growing Steadily at CAGR of 12.61% between 2017-2021
Leasing a car is a system of possessing a brand new or used car by paying to use it for a definite time. Many vendors offer a range of vehicles that can be leased by customers for a period as and when required. Leasing is similar to renting a car; however, the former is for a relatively longer period. It involves two parties: A lessor and a lessee. Car leasing is not as same as buying a car or renting one. It is an arrangement where in a customer pays to the leasing company for the right to drive a car. The monthly payments that are made as a part of lease agreement do not add to the lessee's equity (ownership) in the car. The monthly payments just allow the customer to drive the vehicle for a specified period, which is usually 2-3 years.
Technavios analysts forecast the global Car Leasing market to grow at a CAGR of 12.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global Car Leasing market for 2017-2021. To calculate the market size, the report considers the units of passenger cars leased during the forecast period.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Car Leasing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ALD Automotive
Arval
ExpatRide
LeasePlan
Sixt
Other prominent vendors
BT Fleet
Free2Move Lease
Daimler Fleet Management
Hitachi Capital Vehicle Solutions
Inchcape Fleet Solutions
Masterlease
Market driver
Easy replacement of cars and cost-saving advantages
For a full, detailed list, view our report
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Market challenge
Calculation of residual values of cars
For a full, detailed list, view our report
Market trend
Development of new mobility concepts by leasing companies
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
MRRbiz supports your business intelligence needs with over 700,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.
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