The global demand for Motor Vehicle Leasing Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
Motor vehicle leasing is a contract under which one party, the vehicle owner, gives another party or the lessee the right to use it for a specified time in return for money. In some cases, motor vehicles are owned or operated by government agencies or private organizations. Vehicle leasing is an excellent alternative to purchase. Owning a vehicle involves complicated procedures from dealing with the dealer, maintenance workshops, taxation, insurance company, etc. Vehicle leasing service centralizes these procedures and significantly reduces administrative work and time, financial advantages, comfort, and flexibility.
Market Dynamics
The global motor vehicle leasing market will continue to grow tremendously due to the corporate sector's robust performance, coupled with the rising tourism sector and manufacturing sector. Growth is also attributed to swell with rising need for convenience, expanding businesses, rising need for personal transportation, growing disposable income, increased demand for mobility, rise in consumer awareness, rising competition, and increased trade. More and more corporate companies are buying leasing contracts instead of vehicles to reduce fixed assets. The Asia Pacific offers a huge opportunity for market success with a large and growing corporate population representing a vast consumer base and an extensive business capability. However, the market is foreseen to see a slowdown due to the COVID-19 outbreak.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of motor vehicle leasing. The growth and trends of Motor Vehicle Leasing Industry provide a holistic approach to this study.
Market Segmentation
This section of the motor vehicle leasing market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Lease Type
By Vehicle Type
By End Use
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Motor Vehicle Leasing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Motor Vehicle Leasing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the motor vehicle leasing market include ALD Automotive, Arval, LeasePlan, Natixis Lease, Deutsche Leasing, UBI Leasing, DLL, VTB, Millennium Leasing Sp. z o.o. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.