Car Leasing Market 2018 – 2026 | A complete backdrop analysis, which includes an assessment of the parent market | Machines Update : ALD Automotive, ARVAL, Societe Generale, Alphabet, Volkswagen Leasing Services, General Motors Financial Company, Inc.

Press Release – 12 Dec 2018
Research and Development News --
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Latest Update "Car Leasing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" with Industries Survey | Global Current Growth and Future.
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Increasing mobility demands and vehicle preference toward a specific model are fuelling the demand of car leasing. Car leasing has carved out a niche market in light commercial vehicles, as small business prefer to invest capital in the business rather than spend it on purchasing a vehicle. Governments across the globe are offering subsidies and tax reforms to include electric vehicles in the fleet and boost the penetration of electric vehicles. Such measures not only reshape the fleet technologically, but also help to increase the fleet population. Car leasing firms also employ secondhand cars and offer them at a highly considerate premium, which attracts low income consumers.
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The global car leasing market is segmented based on vehicle type, lease type, service provider, end-user, tenure, application industry, and region. Based on vehicle type, the car leasing market can be segmented into five segments, the sedans have high consumer preference and their usage at a considerate cost have made them a leading segment. Rise in small cap businesses are attributed to the demand of light commercial vehicle for car leasing.

In terms of lease type, the car leasing market can be segregated into five segments. Closed ended lease, option to buy lease, and sub-vented lease are some of the major segments.

Based on service provider type, the car leasing market can be classified into three segments. The OEM’s and Bank affiliates are the leading segments of car lease service provider. The OEMs target private and corporate consumers through a dealer network to engage in car leasing. Volkswagen and General Motors are leading OEM service providers. Bank affiliates or the financial groups offer car leasing through the banking network.

In terms of end-user, the car leasing market can be segmented in two segments. The corporate segment is the leading segment due to the rise in trend of employer car service and leasing being a cheaper alternative to purchase.
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Based on tenure, the car leasing market can be segregated into two segments. Short term (12 month) tenure is a leading segment.

In terms of application industry, the car leasing market can be classified into four segments. Construction and mining/Oil & Gas are leading application industry segments.

Based on region, the car leasing market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America are the leading regions of the global car leasing market. Around 30% of new vehicles registered in Europe are through leasing companies. Europe and North America witness high demand for personal mobility are thus considered as favorable markets for car leasing. The issue of traffic congestion in Asia –Pacific and conservative spending approach of consumers are estimated to expand the car leasing market in the region.

Key players operating in the global car leasing market include ALD Automotive, ARVAL, Societe Generale, Alphabet, Volkswagen Leasing Services, General Motors Financial Company, Inc., Mercedes - Benz Financial Services, LeasePlan, Athlon, Deutsche Leasing, and Natixis Leasing.
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
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- Middle East and Africa (GCC, Southern Africa, and North Africa)

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market   

Car leasing provides consumers & businesses access to latest vehicles and more fuel-efficient than privately-owned cars. Car leasing is an affordable form of owing well maintained vehicle without the downsides associated with ownership.

Car leasing enables consumers to enjoy the perks of using car without having to purchase it, even as household budgets continue to be under pressure due to rising inflation. The car leasing market is witnessing expansion, as the lease amount is considerably minimal as compared to the purchase amount. Rise in the number of small business firms with less economic capital has meant less money to spare for vehicle purchase; and hence, they opt for car leasing. Car leasing is a rising trend among corporates, as the vehicle ownership is transferred to the lessor and the employer company has no legal participation. The new mobility concepts offered by car leasing offers sustainable transport, which charges a fixed monthly fee that the client can combine with train, bus, or bicycle. Usage of telematics to monitor the usage is gaining popularity among car leasing providers. Telematics helps measure the distance covered by the vehicle and also gauges the depreciation of the vehicle. Leasing companies offer services such an eco-driver training that helps achieve a fuel efficiency and minimize the carbon footprint in order to address the rising concern about vehicle emission.

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