Automotive Fleet Leasing Market 2018 Key Country Analysis: Global Share, Size, Key Players ARI, Glesby Marks, LeasePlan Corporation, AutoFlex, Velcor Leasing, Caldwell fleet leasing, PRO Leasing Services, Jim Pattison Lease, And Sixt Leasing SE Outlook To

Automotive Fleet Leasing Market 2018 Global Industry Trends, Size, Share, Sales and Regional Analysis Report, include historic data, with forecast data to 2023. Automotive Fleet Leasing Market research report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, and key player’s outlook. Automotive Fleet Leasing Market is growing at 6.04% CAGR by 2023.

Global Automotive Fleet Leasing Market is growing at high growth rate during forecast period of four years from 2018. Automotive Fleet Leasing Market is segmented by lease Type (Open Ended and Close Ended), by vehicle type (Passenger Cars, LCV and HCV) And Regions in this report.

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Competitive Landscape:

Automotive Fleet Leasing Market Key Players Analyzed in Report Are:

ARI (New Jersey),  Glesby Marks (Texas), LeasePlan Corporation N.V. (Netherlands), AutoFlex AFV (U.S.), Velcor Leasing Corporation (U.S.), Caldwell fleet leasing (U.S.),Wheel, Inc. (U.S.), PRO Leasing Services (U.S.), Jim Pattison Lease (Canada), Sixt Leasing SE(Germany).

The global Automotive Fleet Leasing Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Automotive Fleet Leasing Market.

Market Scenario:

The global automotive fleet leasing market size is projected to grow from USD 24976.1 million in 2016 to USD 37410.9 million in the year 2023, at a CAGR of 6.04%. The growth of automotive fleet leasing market is majorly driven by the growth in the automotive sector, growing awareness of the advantages of fleet leasing and high growth potential for leasing market. People prefer vehicle fleet leasing due to benefits such as lower cost of hiring, access to fuel expenditure records, tracking of mileage and location, assistance in insurance claims & repairs, and superior operational management of fleet. Also, there is a small investment required for a lease as compared to outright purchase. These drive the growth of the market. However, restrictions in car leasing agreement, and the cost of original equipment in case of repair due to collision, are expected to hinder the growth of the automotive fleet leasing market.

Of all vehicle types, the passenger cars segment is expected to account for the largest market share. The passenger vehicles segment accounts for more than 50% of the global vehicle production. With rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales. High demand for automobiles is primarily driven by rising demand for passenger cars, among the large population, the increasing per capita income, in emerging countries, and expansion of global auto-manufacturers into new emerging markets and others.

Fleet leasing vehicles are group of vehicles that are owned or leased by government agencies or organizations. Fleet leasing does not involve any kind of individual acquisition of the vehicle or its purchase. The vehicles that are operated by car leasing companies such as cabs, public utilities, and others are considered under automotive fleet leasing market. Fleet lease vehicles are used by all sorts of commercial and public operations. IT Industries, Food & Beverages sector needs vehicles that meet their specific needs, along with the ability to turn repairs and other problems rather than deal with them internally. Leasing such vehicles also reduces prices.

Market Segmentation:

Of all vehicle types, the passenger cars segment is expected to account for the largest market share. The passenger vehicles segment accounts for more than 50% of the global vehicle production. With rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales. High demand for automobiles is primarily driven by rising demand for passenger cars, among the large population, the increasing per capita income, in emerging countries, and expansion of global auto-manufacturers into new emerging markets and others.

On the basis of lease type, open ended segment is dominating the global automotive fleet leasing market. Open-end leases are used primarily for commercial business leasing and offers greater control of asset utilization and disposal. It is usually for 12 months and can terminate the agreement at any point after the end of the term. At the end of the leasing term, the customer is responsible for any excessive damage or additional mileage overages.

Regional Analysis:

Of all regions, North America region is expected to dominate the global automotive fleet leasing market. In North America, technological advancements, and new mobility solutions such as hybrid vehicles and electric vehicles, are expected to encourage companies to come up with new personalized mobility services to satisfy the changing needs and preferences of consumers. The finance and leasing industry is also exhibiting significant growth during the forecast period. Moreover, Asia-Pacific region is expected to grow with the highest CAGR during the forecast period. The Growth of the Asia-Pacific region can be attributed to the rising competition and increase in the trade which is leading to the improved distribution system across various developing nations such as India and China among others. The Chinese leasing industry has escalated remarkably in recent years, especially after being identified as one of the most important drivers for growth.

Tables Of Content:

TABLE 1 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION)

TABLE 2 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY PASSENGER CAR TYPE, 2015-2023 (USD MILLION)

TABLE 3 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY REGION, 2015-2023 (USD MILLION)

TABLE 4 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION)

TABLE 5 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION)

TABLE 6 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION)

TABLE 7 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION)

TABLE 8 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION)

TABLE 9 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION)

TABLE 10 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION)

Continued…

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