Press release
Automotive Fleet Leasing Market 2018 Industry Global Size, Share, And Major Players Forecast To 2023
Automotive Fleet Leasing market is expected to reach $37410.9 million by 2023, with a CAGR of 6.04%. Market Research Future published a Cooked research report on “Global Automotive Fleet Leasing Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.Following Automotive Fleet Leasing Key Companies Market Analyzed In Report: The key players of global Automotive fleet leasing market includes 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).
Get Sample Copy Of “Automotive Fleet Leasing Systems Key Research Report – Forecast to 2023” At: https://www.marketresearchfuture.com/sample_request/4328
Market Highlights:
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.
Based on lease type, the open ended segment is expected to grow with the highest CAGR during the forecast period. Open-end leases are used primarily for commercial business leasing and offer greater control of asset utilization and disposal. It is usually for 12 months and the agreement can be terminated 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.
Based on vehicle type, the passenger cars segment will account for the largest market share with 79 % in the global automotive fleet leasing market due to growth in automotive industry.
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.
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.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Stud
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
Continued...
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued...
For more details on this report visit: https://www.marketresearchfuture.com/reports/automotive-fleet-leasing-market-4328
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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