Global Car Leasing Market Growth Opportunities, Business Outlook, Leading Players and Forecast to 2029
Global Car Leasing Market: size was valued at US$ 69.27 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 7.8% through 2021 to 2027, reaching nearly US$ 117.19 Bn.
Global Car Leasing Market Overview:
Extensive Global Car Leasing Market analysis is carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Global Car Leasing market.
The Global Car Leasing market study also gives information on the leading businesses functioning in the Global Car Leasing industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Global Car Leasing market in both global and regional markets.
Global Car Leasing Market Dynamic:
The growth of this market is expected to be driven by factors such as rising urbanisation and the rise of smart city initiatives around the world. A smart city requires a well-functioning transportation system to avoid traffic congestion and shorten travel times. According to the World Health Organization (WHO), about half of the world's population lives in cities, with that percentage expected to rise to 60% by 2025. The usage of automobiles by a substantial portion of the population is increasing, causing increased traffic congestion and parking issues in urban areas. As a result, the public transportation system has grown rapidly.
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This research on the Global Car Leasing industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Global Car Leasing utilizing internal and external private information, as well as relevant patent and regulatory sources.
Global Car Leasing Market Segmentation:
Based on the Application Type, the market is segmented into Business Use, and Personal Use. Business Use segment is expected to hold the largest market shares of xx% by 2027. In recent years, the majority of organisations have opted to lease cars to their upper management employees. This allows employees to go at their leisure rather than using company transportation. Every 3-5 years, the organisation provides the team member with an upgraded leasing car. When a team member's service in his organisation is completed, he or she has the choice to keep the vehicle. This allows the team member to save a significant amount of money as the organisation provides a brand new car. These are the key factor that drives the Business Use segment in the global Car Leasing market during the forecast period.
Global Car Leasing Market Key Players:
• ALD SA
• Arval Service Lease
• Athlon Car Lease International BV
• Avis Budget Group Inc.
• Deutsche Leasing AG
• Enterprise Holdings Inc.
• Europcar Mobility Group SA
• Hertz Global Holdings, Inc.
• LeasePlan Corporation NV
• Sixt SE
• Wilmar Inc.
• Ewald Automotive Group
• United Leasing & Finance
• Caldwell Leasing
• Element Management Corp.
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Global Car Leasing business are...
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The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
COVID-19 Impact Analysis on Global Car Leasing Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people's lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market's initial and future projections.
Key Questions Answered in the Global Car Leasing Market Report are:
- What will be the CAGR of the Global Car Leasing market during the forecast period?
- Which segment emerged as the leading segment in the Global Car Leasing market?
- Which are the prominent players in the Global Car Leasing market?
- What will be the Global Car Leasing market size by 2027?
- Which company held the largest share in the Global Car Leasing market?
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