Fleet Leasing Market 2018 Global Automotive Industry Analysis Size, Share, Opportunities, Growth Factors, Trends, Statistics, And Regional Forecast To 2023

“”Fleet Leasing Market In Automotive Industry”‘
Fleet Leasing Market In Automotive Industry 2018 – Global Forecast To 2023, is latest Global Automotive Industry Fleet Leasing Industry Trends, Size, Share, Sales and Regional Analysis Report, includes historic data, with forecast data to 2023.

Fleet Leasing Market Automotive Industry research report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, and key player’s outlook. The global automotive fleet leasing market size is projected to grow from USD 24976.1 million in 2016 to USD 37410.9 million in the year 2023, at a CAGR of 6.04%.

Fleet Leasing Market Key Players Analyzed in Report:

The key players in Fleet Leasing Market are Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (U.S.), GKN plc. (U.S.), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), TM4 (Canada), Magtec (U.K.), Delphi Automotive LLP (U.K), Visedo (Finland), Parker Hannifin Corp (U.S.), Punch Powertrain Nv (Belgium), AVTEC LTD (India),  AxleTech International SAS (U.S.).

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The global Fleet Leasing Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Fleet Leasing Market. The market participants are trying to come up with advancements in the Fleet Leasing.

Market Scenario:

The global automotive fleet leasing market is very dynamic in nature and is expected to witness high growth over the forecast period. The growth of the market is influenced by the growth in automotive sector, growing awareness about the advantages of fleet leasing and the high growth potential for leasing market. The increase in demand for leased cars is expected to drive the leasing market during the forecast period. There is huge growth potential for the vehicle leasing market because corporates are moving towards operating leases as it offers an off balance sheet exposure.  Restrictions in car leasing agreement and expense involved in replacing with the original equipment at the time of collision, are expected to hinder the growth of the automotive fleet leasing market.

Of all vehicle types, the passenger cars segment is expected to account for the largest market share. The passenger vehicles segment accounts for more than 50% of the global vehicle production. With rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales. High demand for automobiles is primarily driven by rising demand for passenger cars, among the large population, the increasing per capita income, in emerging countries, and expansion of global auto-manufacturers into new emerging markets and others.

The growth of automotive fleet leasing market is majorly driven by the growth in the automotive sector, growing awareness of the advantages of fleet leasing and high growth potential for leasing market. People prefer vehicle fleet leasing due to benefits such as lower cost of hiring, access to fuel expenditure records, tracking of mileage and location, assistance in insurance claims & repairs, and superior operational management of fleet. Also, there is a small investment required for a lease as compared to outright purchase. These drive the growth of the market. However, restrictions in car leasing agreement, and the cost of original equipment in case of repair due to collision, are expected to hinder the growth of the automotive fleet leasing market.   

Segmentation:

Globally, the Fleet Leasing market can be segmented on the basis of lease Type (Open Ended and Close Ended), by vehicle type (Passenger Cars, LCV and HCV) And Region.

Of all vehicle types, the passenger cars segment is expected to account for the largest market share. The passenger vehicles segment accounts for more than 50% of the global vehicle production. With rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales. High demand for automobiles is primarily driven by rising demand for passenger cars, among the large population, the increasing per capita income, in emerging countries, and expansion of global auto-manufacturers into new emerging markets and others.

Regional Analysis:

Of all regions, North America region is expected to dominate the global automotive fleet leasing market. In North America, technological advancements, and new mobility solutions such as hybrid vehicles and electric vehicles, are expected to encourage companies to come up with new personalized mobility services to satisfy the changing needs and preferences of consumers. The finance and leasing industry is also exhibiting significant growth during the forecast period. Moreover, Asia-Pacific region is expected to grow with the highest CAGR during the forecast period.

The Growth of the Asia-Pacific region can be attributed to the rising competition and increase in the trade which is leading to the improved distribution system across various developing nations such as India and China among others. The Chinese leasing industry has escalated remarkably in recent years, especially after being identified as one of the most important drivers for growth.

The report for Global Fleet Leasing Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.

Major Table of Contents:

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

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

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

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

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

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

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