What is Auto Leasing Market Scope?
Auto Leasing leads to use the new vehicle without transfer of ownership of the vehicle, i.e. without paying a large amount money or taking out a loan. The vehicles can be available to use with small amount of down payments. On average less than 20% of the car original value need to be paid to the automobile lenders. Auto leasing is basically a leasing of a vehicle for a fixed period of time at a fixed amount of money for the lease. It is usually provided by traders as an alternative to vehicle buying but is extensively used by businesses as a technique of acquiring vehicles for business, without the typically required cash outlay. There are various types of vehicles available for leasing purpose including two-wheeler, three wheelers, four wheeler, and others. Rising Demand of Four Wheeler in Corporate Sector will help to boost global auto leasing market.
The Auto Leasing market study is being classified by Type (Short-term rental, Long-term rental and Finance leasing), by Application (Personal, Enterprise and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from American and European will contribute to the maximum growth of Global Auto Leasing market throughout the predicted period.
Enterprise (United States), Hertz Global Holdings Inc. (United States), Avis Budget Group (United States), Europcar (France), Sixt Car Hire (Germany), ALD Automotive (France), Localiza (Brazil), Movida (Brazil), CAR Inc. (China) and Unidas (Brazil) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Goldcar (Spain), Fox Rent a Car (United States), Advantage OPCO, LLC (United States), LeasePlan Corporation (Netherlands) and ACE Rent a Car (United States).
Analyst at AMA have segmented the market study of Global Auto Leasing market by Type, Application and Region.
On the basis of geography, the market of Auto Leasing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In July 2018, a global provider of mobility solutions, Europcar Mobility Group has started offering services from rental and car-sharing to chauffeur. This Group is joining the Mobility as a Service (MaaS) Alliance, whose goal is to promote the integration of various transport services into a single mobility service accessible on demand.
On December 11, 2018, Hertz and CLEAR has announced the launch of Hertz Fast Lane powered by CLEAR, this new service uses biometrics to drastically speed up the car rental process and get travelers through the exit gate and on the road in 30 seconds or less which will save operation time at least by 75 percent.
Influencing Market Trend
- Introduction to New Mobility Techniques
- Growing Demand for Subscription Based Leasing
- Cost Saving Advantages of Car Leasing
- Costs Independent of Current Pricing Fluctuations simplifies Reselling
- Increasing Demand for Electronic Vehicle Leasing
- Introduction to Private Leasing
- Cost Consuming in the Long Run
- Driving Limits up to Specific Miles per Year
- Higher Insurance Costs
- Prerequisites of Past Credits and Financial History
Key Target AudienceAuto Leasing Service Providers, Auto Manufacturers, Auto Insurance Companies, Travel Agencies, Government Agencies and Others
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