Automotive Fleet Leasing Market Size, Share 2019 Global Analysis By Trends, Growth, Statistics, Region And Industry Forecast To 2023

Automotive Fleet Leasing Market Size, Share 2019 Global Analysis By Trends, Growth, Statistics, Region And Industry Forecast To 2023

“”Automotive Fleet Leasing Market””
Automotive Fleet Leasing Market Is Expected to Grow At 6.04% CAGR by 2023. New Mobility Solutions Are Likely to Surge the Demand For Automotive Fleet Leasing in the North America Market. Global Automotive fleet leasing market is segmented by lease Type (Open Ended and Close Ended), by vehicle type (Passenger Cars, LCV and HCV) And Region.

Automotive Fleet Leasing Market Is Expected to Grow At 6.04% CAGR by 2023. New Mobility Solutions Are Likely to Surge the Demand For Automotive Fleet Leasing in the North America Market. Global Automotive fleet leasing market is segmented by lease Type (Open Ended and Close Ended), by vehicle type (Passenger Cars, LCV and HCV) And Region.

The global automotive fleet leasing market has been largely dominated by key players such as Glesby Marks (Texas), ARI (New Jersey), LeasePlan Corporation N.V. (Netherlands), Velcor Leasing Corporation (U.S.), AutoFlex AFV (U.S.), Caldwell fleet leasing (U.S.), PRO Leasing Services (U.S.), Wheel, Inc. (U.S.), Sixt Leasing SE(Germany), and Jim Pattison Lease (Canada).

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Market Overview

Fleet leasing vehicles are group of vehicles that are leased or owned by government organizations or agencies. Fleet leasing does not require any kind of purchase of the vehicle or individual acquisition. The vehicles that are operated by car leasing service providers such as public utilities, cabs, and others are encompassed under automotive fleet leasing market. Fleet lease automotive are used for all kinds of public and commercial operations.

Food & Beverages sector and IT Industries require vehicles that meet their specific requirements, along with the capability to fix repairs and other issues rather than dealing with them internally. Such arrangements for vehicle leasing also reduce prices substantially. The global automotive fleet leasing market has been identified by dynamic features and is likely to experience surged development over the forecast period.

The market growth has been affected by the rising demand in automotive sector, surging cognizance about the benefits of fleet leasing and the increased potential for growth in the leasing market. As per the reports published by Market Research Future, the global automotive fleet leasing market is estimated to generate an approximate revenue of USD 37410.9 million by the conclusion of 2023, from USD 24976.1 million in 2016. The market is likely to develop at 6.04% CAGR during the forecast period. The rise in demand for leased vehicles is estimated to propel the leasing market over the forecast period. Huge growth potential has been observed for the vehicle leasing market since the corporates are gradually getting directed towards operating leases as it comes with an off-balance sheet exposure.  However, the expenses related to replacement with the original equipment during instances of accidents coupled with the restrictions involved with car leasing agreement are anticipated to limit the consistent progress of the automotive fleet leasing market.

Market Segmentation

The reports presented by Market Research Future segments the global automotive fleet leasing market on the basis of lease type, regions, and vehicle type. Based on lease type, the market has been segmented as open ended and close ended. Based on regions, the market has been segmented into Europe, APAC, North America, and the Rest of the World. Based on vehicle type, the market has been segmented into LCV, passenger cars, and HCV. The passenger cars segment, out of all vehicle types, is expected to contribute to the largest market share. More than 50% of the worldwide vehicle production can be attributed to this vehicle segment. With increasing income levels, the passenger vehicle segment is estimated to observe a sharp growth in sales and production. Increased demand for automobiles is predominantly influenced by growing demand for passenger cars in emerging economies. This trend is mainly witnessed among the expanding global populace experiencing a surging per capita earning. Additionally, the trend of increasing entry of worldwide auto-manufacturers into new potential markets, is also driving the fleet leasing market significantly.

Regional Analysis

North America is estimated to lead the global automotive fleet leasing market. The technological advances along with new mobility solutions such as electric vehicles and hybrid vehicles, are likely to contribute towards the growth of the fleet leasing companies. Asia-Pacific market is anticipated to develop at the highest CAGR over the forecast period. The growth of the Asia-Pacific market is owing to the increasing rivalry and surge in the business which is leading to the enhanced distribution system across several developing countries such as China and India.

List of tables:

TABLE 1 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 27

TABLE 2 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY PASSENGER CAR TYPE, 2015-2023 (USD MILLION) 35

TABLE 3 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY REGION, 2015-2023 (USD MILLION)39

TABLE 4 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 41

TABLE 5 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 42

TABLE 6 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 42

TABLE 7 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 43

TABLE 8 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 44

TABLE 9 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 45

TABLE 10 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 46

TABLE 11 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 47

TABLE 12 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 48

TABLE 13 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 49

TABLE 14 GERMANY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 50

TABLE 15 GERMANY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 51

TABLE 16 U.K.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 52

TABLE 17 U.K.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 53

TABLE 18 FRANCE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 54

TABLE 19 FRANCE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 55

TABLE 20 ITALY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 56

TABLE 21 ITALY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 57

Continued…

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