Press release
Emerging Trends Drive Strong Growth in the Global Leasing Market: Key Insights and Forecast for 2024-2029
Leasing Market Growth
The Global Leasing Market is on track for significant growth, buoyed by strong emerging markets, increased consumer awareness, and technological advancements.
What Is The Projected Market Size Of The Global Leasing Market And Its Growth Rate?
• The global leasing market is expected to grow from $1895.83 billion in 2024 to $2084.78 billion in 2025 at a CAGR of 10.0%.
• Factors such as demand from aerospace and defense industry, growing used cars market, and residential construction activity contribute to this rise.
• Future forecasts indicate a strong growth trend, potentially reaching $3011.88 billion in 2029 at a CAGR of 9.6%.
• The growth in the forecast period is attributed to factors such as population growth, urbanization, popularity of electric vehicles, growth in healthcare industry, increasing infrastructure spending and emergence of startups.
What Is Driving The Growth In The Leasing Market?
The emergence of startups as major clients of leasing service providers is a key driver for the leasing market. Startups often resort to leasing expensive, advanced equipment as a cost-effective solution. The continuous increase in the number of startups, such as the reported increase of 700,000 startups in the US in 2022 alone, suggests a positive outlook for the leasing market.
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Who Are the Key Players Driving Leasing Market Growth?
• Volkswagen leasing GmbH
• Enterprise Holdings Inc.
• Daimler
• United Rentals Inc.
• 7 - Eleven
• LeasePlan Corporation N.V.
And many more.
What Are The Key Trends In The Leasing Market?
• Implementing IoT technology to manage fleets efficiently
• Investing in the untapped medical equipment segment
• Offering services through online portals and mobile applications
• Focusing on offering electric vehicles in the portfolio
• Investing in big data technology
What Are The Segments Of The Global Leasing Market?
• By Type: Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets
• By Mode: Online, Offline
• By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types
Which Region Leads The Leasing Market?
Asia-Pacific was the largest region in the leasing market in 2024. Followed by North America, the growth of leasing market is global, including regions such as Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Leasing Market Global Market Report?
- Market Size Analysis: Analyze the Leasing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Leasing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Leasing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Leasing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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