Automotive Leasing Market Growth Prospects, Key Vendors, Future Scenario and Forecast to 2028

Automotive leasing is similar to renting a car. The vehicles provided on the lease can be used for both short-term and long-term period. Automotive leasing is gaining its significance as it helps many new businesses with their vehicle requirements. Normally, new start-up or business do not have huge capital to buy their own vehicles. Thus, automotive leasing supports them in meeting their vehicle requirements with affordable pricing. Automotive leasing market is expected to rise significantly all over the world in coming years.

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Companies Profiled in this report includes:  ALD Automotive Pvt Ltd, Alphabet Inc., Arval BNP Paribas Group, Deutsche Leasing AG,  Enterprise Holdings, Inc., ExpatRide International, General Motors Financial Company, Inc, LeasePlan Corporation N.V., Sixt Leasing, Wilmar, Inc.

MARKET SEGMENTATION

  Based on leasing type, the global automotive leasing market is segmented into open-end lease and closed-end lease.

  On the basis of leasing period, the market is segmented into short-term (12 months) and long-term (more than 12 months).

  Based on end-user, the market is bifurcated into B2B and B2C.

MARKET DYNAMICS

Drivers:

  Growing demand for mobility drives demand for automotive leasing.

  Increasing count of new start-ups and businesses in many developing countries of the world.

  Various budget-friendly solutions offered by the automotive leasing providers.

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IMPACT OF COVID-19 ON AUTOMOTIVE LEASING MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. With emergence of pandemic of COVID-19, many companies gave work from to its employees. This reduced the mobility of the people to a great extent. This has impacted the automotive leasing market negatively all over the world. However, post pandemic, this market is expected to experience promising growth.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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