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Automotive Rental And Leasing Market Size, Industry Analysis, Business Outlook, Current and Future Growth By 2028 | Avis Budget, Daimler Group, LeasePlan, Toyota Financial Services

09-14-2021 11:52 AM CET | Logistics & Transport

Press release from: Verified Market Research

Automotive Rental And Leasing Market

Automotive Rental And Leasing Market

Automotive Rental And Leasing Market size was valued at USD 338 Billion in 2020 and is projected to reach USD 614 Billion by 2028, growing at a CAGR of 7.75% from 2021 to 2028.

Automotive Rental And Leasing companies use contracts with car manufacturers to control their fleets. In some cases, these contracts have a repurchase agreement that claims producers to repurchase vehicles with a depreciation level guaranteed during the most important time. The lease agreement must be written and recognized by the lower and tenants. Rental contracts can be signed in the leasing style of operation or financial leasing.

The Automotive Rental And Leasing Market consist of sales of Automotive Rental And Leasing services by entities (organizations, sole traders and partnerships) that provide passenger cars and truck/vans, utility trailer, and recreational vehicle (RV) without drivers and utility trailers. These establishments generally operate a retail store-like facility for automotive equipment renting and leasing. Some automotive equipment rental and leasing companies offer short-term rental or long-term leases, while others provide both types of services. The Automotive Rental And Leasing market is segmented into passenger car rental; passenger car leasing; and truck, utility trailer, and RV (recreational vehicle) rental and leasing.

Automotive Rental And Leasing Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global Automotive Rental And Leasing Market as it emerges from the COVID-19 shut down.

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The report covers the following key players in the Automotive Rental And Leasing Market:

Enterprise Holdings, The Hertz Corporation, Avis Budget, Daimler Group, LeasePlan, Toyota Financial Services, Honda Canada Finance Inc., GM Financial, Ford Credit, and Ally Financial Inc.

Segmentation of Automotive Rental And Leasing Market:

Automotive Rental And Leasing Market, By Type

• Passenger Car Rental
• Passenger Car Leasing
• Truck, Utility Trailer
• Recreational Vehicle Rental and Leasing

Automotive Rental And Leasing Market, By Mode

• Online
• Offline

Automotive Rental And Leasing Market, By Lease

• Open
• Close

Automotive Rental And Leasing Market, By End-User

• Industrial
• Corporate

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Automotive Rental And Leasing Market Report Scope

The research methodology used to estimate and forecast the Automotive Rental And Leasing Market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall market size of the Automotive Rental And Leasing Market from the revenues of the key players in the market. After arriving at the overall market size, the total market is split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments.

Report Attribute And Details

>> Market size available for years - 2021 - 2028
>> The base year considered - 2020
>> Historical data- 2017 – 2019
>> Forecast Period : 2021 – 2028
>> Segments Covered: By Type, By Mode, By Mode, By Mode and more.
>> Regional Scope: North America, Europe, Asia

Automotive Rental And Leasing Market Analysis:

- North America (USA, Canada, Mexico)
- Europe (Great Britain, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, rest of Asia Pacific)
- Latin America (Brazil, rest of LA)
- Middle East and Africa (Turkey, CCG, rest of the Middle East)

The Report Answers Following Key Questions on the Automotive Rental And Leasing Market:

• Which product type of the Automotive Rental And Leasing Market will garner high sales avenues during the forecast period 2021–2027?
• What is the present size, volume, and revenue of the global market?
• What are the key tactics that will help market players to maintain their sales number during and post-pandemic situations?
• What are the major challenges faced by players in the market due to the recent COVID-19 pandemic?
• What are the names of key players in the market?
• Which region of the Automotive Rental And Leasing Market is likely to gather high demand opportunities in the years ahead?
• What are the projected revenues of the Automotive Rental And Leasing Market by the end of forecast period 2021–2027?

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Verified Market Research™

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About Us: Verified Market Research™

Verified Market Research™ is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable and up to date research data and technical consulting. We offer insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.

Our research studies help our clients make superior data-driven decisions, understand market forecast, capitalize on future opportunities and optimize efficiency by working as their partner to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.

We, at Verified Market Research, assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise and years of collective experience to produce informative and accurate research.

Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.

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