Scope of the Study
Light vehicle leasing is the usage of vehicle for fixed time period at fixed amount of money. These vehicles are offered by dealers and used by businesses. After the time period is over, the vehicle is either returned or purchased at residual value. It allows the customers to return and select a new model after the lease is expired. Hence, it helps the customers to drive new vehicle after every few years. For sellers major advantage is that it generates income and able to lease it again. This type of business generates repeated customers which supports business model.
The market study is being classified by Type (Close ended, Open ended and Sub vented lease) and major geographies with country level break-up.
Evans Halshaw (United Kingdom), ALD Automotive (France), Arval (France), BT Fleet (United Kingdom), Daimler Fleet Management (United Kingdom), ExpatRide (United States), Free2Move Lease (United Kingdom), Hitachi Capital Vehicle Solutions (United Kingdom), Inchcape Fleet Solutions (United Kingdom) and LeasePlan (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Masterlease (Poland) and Sixt (Germany).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Light Vehicle Leasing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Light Vehicle Leasing market by Type, Application and Region.
On the basis of geography, the market of Light Vehicle 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Minimal Lease Amount as Compared to Purchase Amount
- Increasing Number of Small and Medium Size Businesses are fueling the Market Growth
- Increasing Adoption of Car Lease in Corporate
- Increasing Usage of Telematics to Monitor the Usage of Vehicle
- Expensive For Long Run and High Costs of Insurance
- Increasing Vehicle Preference among the Consumers
- Government Subsidies to Include Electric Vehicles is Boosting the Market
- Reduced Mileage and no Customization can be done
Market Leaders and their expansionary development strategies
On 1st March 2019, ALD has signed an agreement to acquire Sternlease B.V. This acquisition will strengthen the SMEs and private lease offerings in Netherlands.
On 10th October 2018, Mahindra and Mahindra have launched car leasing service for individuals. It allows the individuals to drive KUV100NXT AND XUV500 for Rs 13,499 and Rs 32,999 per month.
Key Target AudienceManufacturers, Light vehicle lease provider, Government associations, Research organizations, Enterprise software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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