Startups Fueling Growth In Leasing Market: Critical Driver Shaping the Leasing Market in 2025

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What Will the Leasing Industry Market Size Be by 2025?
In recent years, the leasing market has seen significant expansion. The market, which is projected to evolve from $1895.83 billion in 2024 to $2084.78 billion in 2025, is set to experience a compound annual growth rate (CAGR) of 10.0%. Factors such as robust growth in emerging markets, increased demand from the aerospace and defense industry, growing consumer consciousness, expansion of the pre-owned car industry, progress in residential building activities, and wider internet accessibility have all contributed to the previous period's growth.

What's the Long-Term Growth Forecast for the Leasing Market Size Through 2029?
The size of the leasing market is predicted to undergo substantial growth in the upcoming years, ballooning to $3011.88 billion by 2029 with a compound annual growth rate (CAGR) of 9.6%. This escalation during the forecast period is likely due to a rise in global population catchment and urbanization, along with the increasing popularity of electric vehicles and the sprouting of start-ups. The rapid expansion in the healthcare industry and considerable investments being funneled into infrastructure projects also play a crucial role. The market trends observed for the forecasted period involve making offerings of products and services available digitally, capitalizing on the yet untapped medical equipment sector, implementing IoT technology for effective fleet management, and directing investments towards eco-friendly equipment and machinery. Other trends include providing car-subscription services focused on the millennial population, including offering electric vehicles in the available fleet, proffering subscription services, capitalizing on emerging technologies like virtual or augmented reality, predictive analytics, and big data technology.

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What Are the Key Growth Drivers Fueling the Leasing Market Expansion?
Startups are rapidly becoming key clients for leasing companies, which is projected to propel the market forward. This trend is powered by the need for cost-effectiveness and the acquisition of sophisticated, typically expensive equipment, leading startups to rent or lease these items. The growing quantity of startups is predicted to have a beneficial effect on the market as well. As reported by Fortunly, a US-based journal, the number of startups in the US spiked by 700,000 to reach 33.2 million in 2022 from the previous year. This emerging trend suggests that startups are a driving force behind the expansion of the leasing market.

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What Are the Key Trends Driving Leasing Market Growth?
Car rental and leasing businesses are increasingly utilizing Internet of Things technology to oversee and manage their fleets. The Internet of Things consists of internet-linked objects or gadgets capable of collecting and sharing information via integrated sensors. For example, the World Economic Forum, a Swiss-based non-profit organization, predicted in January 2023 that as many as 30 billion devices will be connected to the IoT by 2025. This technology is also used by car rental companies to remotely monitor fuel levels when vehicles are returned, eliminating the need for manual fuel checks. Additionally, they use virtual keys for unlocking and locking car doors, eliminating the need to physically manage numerous keys. A case in point is Hertz, a car rental company which is leveraging IoT technology to offer keyless car rentals and manage its fleet more cost-efficiently.

How Is the Leasing Market Segmented?
The leasing market covered in this report is segmented -

1) By Type: Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets
2) By Mode: Online, Offline
3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types

Subsegments:
1) By Automotive Equipment Leasing: Passenger Vehicle Leasing, Commercial Vehicle Leasing, Fleet Leasing Services
2) By Consumer Goods And General Rental Centers: Rental Of Household Items, Rental of Recreational Equipment, General Rental Services For Events
3) By Machinery Leasing: Construction Equipment Leasing, Agricultural Machinery Leasing, Industrial Equipment Leasing
4) By Lessors Of Nonfinancial Intangible Assets: Intellectual Property Leasing, Software Leasing, Brand Leasing

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Which Companies Are Leading the Charge in Leasing Market Innovation?
Major companies operating in the leasing market include Volkswagen leasing GmbH, Enterprise Holdings Inc., Daimler, United Rentals Inc., 7 - Eleven, LeasePlan Corporation N.V., Ashtead Group, Deutsche Leasing AG, Tokyo Century, Quippo Infrastructure Limited, GMMCO, Hami Ximeng Trade Co Ltd, Toyota Rentacar, Orix Rentacar, Anji Leasing, China Auto Rental Holdings Inc, EHi Auto Services Co. Ltd, Shenzhen City Extreme Car Rental Co. Ltd, Shouqi Car Rental Co. Ltd, Europcar, Hertz, Avis Budget, Van Anda Aviation, BNP Paribas Leasing Solutions, Oak Leasing, Renault Eurodrive, Sixt, Business Lease Group, KAMAZ Leasing Company, Volvo Finance Service Vostok, VTB Leasing, ALD Automotive, Interleasing Ltd., VEB-leasing, Trust Capital, Wells Fargo Financial Equipment Leasing, Hitachi Capital America Corp, TCF Equipment Finance, Advantage Rent a Car, Aercap Holdings N.V., McDonald's Corporation, Ryder, National Leasing, Canadian Leasing Company, Localiza, Locamerica-Unidas, Best Fleet (Unidas), Ouro Verde, Movida, Safra Leasing S.A., BB Leasing, Leasing Bolívar S.A, HALA Equipment Trading LLC, Perfect Machinery & Equipment Trading & Hire LLC, Arabian Machinery and Heavy Equipment Company, Al Badie Group (ABG), Paramount Leasing & Car Rental LLC, Budget, Barloworld South Africa (PTY) Ltd, Bidvest Car Rental (PTY) Ltd, Car Hire Brokers (PTY) Ltd, CMH Car Hire (PTY) Ltd, Gage Car Rental (PTY) Ltd, Imperial Vehicles, Unitrans Automotive (Pty) Ltd

Which Regions Are Leading the Global Leasing Market in Revenue?
Asia-Pacific was the largest region in the leasing market in 2024. North America was the second-largest region in leasing market. The regions covered in the leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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