Press release
Automotive Equipment Leasing Market Rising Demand and Supply 2020 to 2030 | United Rental, Sunbelt Rental, Blueline Rental, H&E Equiment Services, Home Depot Rentals | Covid 19 Impact and Recovery
The global automotive equipment leasing market is expected to grow from $367 billion in 2019 to $374 billion in 2020 at a compound annual growth rate (CAGR) of 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 9% from 2021 and reach $476.4 billion in 2023.
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The automotive equipment leasing market consists of the sales of automotive equipment rental and leasing services by entities (organizations, sole traders and partnerships) that rent out or lease of passenger cars, trucks, utility vehicles, trailers, recreational vehicles.
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 used to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually.
Automotive Equipment Leasing Market Segmentation:
By Type
1.Passenger Car Rental
2.Passenger Car Leasing
3.Truck
4.Utility Trailer
5. Rental And Leasing
By Mode
1.Online
2.Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Automotive Equipment Leasing Market Characteristics
4. Automotive Equipment Leasing Market Product Analysis
5. Automotive Equipment Leasing Market Supply Chain
....
20. Key Mergers And Acquisitions In The Automotive Equipment Leasing Market
21. Market Background: Leasing Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Automotive Equipment 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 Automotive Equipment Leasing Market are United Rental, Sunbelt Rental, Blueline Rental, H&E Equiment Services, Home Depot Rentals
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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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