Press release
Global Leasing Market Set to Witness Huge Growth By 2023| Key Players LeasePlan Corporation, Avis Budget Group Inc, United Rentals Inc.
The Business Research Company
The leasing market consists of the revenues of entities (organizations, sole traders and partnerships) that provide the use of a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The leasing industry includes establishments that rent consumer goods and equipment and establishments that lease machinery and equipment often used for business operations
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The global leasing market is expected to grow from $1398.5 billion in 2019 to $1415.3 billion in 2020 at a compound annual growth rate (CAGR) of 1.2%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1776 billion in 2023.
Internet of things technology is widely being used by car rental and leasing companies in the maintenance and management of fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. Using IoT technology, car leasing companies are able to access odometer and diagnostic trouble codes (DTCs) in real time that facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually.
Leasing Market Segmentation:
By Type
1. Automotive Equipment Leasing
2. Consumer Goods And General Rental Centers
3. Machinery Leasing
4. Lessors Of Nonfinancial Intangible Assets
By Mode
1. Online
2. Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Leasing Market Characteristics
4. Leasing Market Product Analysis
5. Leasing Market Supply Chain
……
20. Leasing Market Competitive Landscape
21. Key Mergers And Acquisitions In The Leasing Market
22. Market Background: Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the leasing market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the leasing market are Enterprise Holdings Inc, Hertz Global Holdings Inc, LeasePlan Corporation N V, Avis Budget Group Inc, United Rentals Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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