Soaring Demand Set to Propel Leasing Market to $2992.49 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Leasing Market Through 2025?
The size of the leasing market has significantly escalated in the past few years. There are projections for it to expand from $1905.67 billion in 2024 to $2079.95 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The remarkable growth in the historical duration can be credited to the robust growth in emerging markets, requirements from the aerospace and defense industry, heightened consumer awareness, expansion in the used car sector, growth in residential building activity, and greater internet reach.

What's the Projected Size of the Global Leasing Market by 2029?
In the forthcoming years, the leasing market size is forecasted to experience robust growth, expected to escalate to $2992.49 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%. The anticipated growth for this period can be credited to factors such as global population expansion and urbanization, the rising popularity of electric vehicles, the emergence of start-ups, a thriving healthcare industry, escalated spending on infrastructure, and the establishment of vast infrastructure projects. Key tendencies projected for this period incorporate providing products and services by means of online platforms and mobile applications, capitalizing on the untapped medical equipment section, the employment of IoT technology to streamline fleet management, investing in environmentally conscious equipment and machinery, providing car subscription services to the millennial population, emphasizing the inclusion of electric vehicles in their portfolio, providing subscription services, investing in augmented or virtual reality, utilizing predictive analytics, and directing investments toward big data technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/leasing-global-market-report

Top Growth Drivers in the Leasing Industry: What's Accelerating the Market?
The surge of startups as key customers for lease service providers is projected to propel the market forward. Startups, motivated by cost-effectiveness and the need to use advanced, often expensive, equipment, have begun to rent or lease these items. The growing startup count is likely to contribute positively to the market as well. For example, Fortunly, a news magazine from the US, reported that the number of startups in the US reached 33.2 million in 2022, a boost of 700,000 from the previous year. Hence, the rise of startups fuels the leasing market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1945&type=smp

What Trends Will Shape the Leasing Market Through 2029 and Beyond?
Car leasing and rental businesses are frequently employing Internet of Things (IoT) technology to oversee and manage their fleets. IoT, a network of internet-enabled objects or devices with inbuilt sensors that can gather and exchange data, is growing in use. For example, the World Economic Forum, a non-profit organization based in Switzerland, projected in January 2023 that connected IoT devices will number 30 billion by 2025. This technology is also favorably espoused by car rental firms to verify fuel level data when a car is returned, eliminating manual checks by staff. Additionally, it aids in managing a plethora of physical keys through virtual key solutions for locking and unlocking vehicles. Hertz, a car rental company, is a prime example of a firm utilizing IoT to offer keyless car rental services and manage its fleet in a bid to cut down on costs.

What Are the Main Segments in the Leasing Market?
The leasingmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=1945&type=smp

Which Top Companies are Driving Growth in the Leasing Market?
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 Will Dominate the Leasing Market Through 2029?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1945

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.