Global Commercial Vehicle Leasing Service Market

Commercial Vehicle Leasing Service Comprehensive Study by Players and Region - Global Market Outlook to 2027

Commercial Vehicle Leasing Service Market by XX Submarkets | Forecast Years 2023-2027  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Commercial Vehicle Leasing Service Market Scope
The market is expanding as a result of rising industrial activity, expansion in the e-commerce sector, increased public knowledge of the advantages of leasing, and consumers switching from buying to leasing cars. Rental trucks, equipment, and other services are part of the commercial vehicle rental and leasing market. These businesses typically run a retail store, such as a facility for leasing and renting out automobile equipment. Short-term rental or long-term lease services are offered by some vehicle companies, whereas both types of services are offered by others. A lease agreement or contract regulates the leasing of cars. A lease is a contract for future performance that must be in writing and have the lessor and lessee's signatures. Both for business and for personal use, it is frequently used. Vehicles without drivers are made available through the rental and leasing of automotive equipment, including vans, utility trailers, and recreational vehicles (RV).

AttributesDetails
Study Period2017-2027
Base Year2022
UnitValue (USD Million)
Key Companies ProfiledMendon Trucks Leasing and Rental (United States), Avis Budget (United States), LeasePlan Corporation N.V. (Netherland), Localiza (Brazil), Unidas (United States), Arval (France), Enterprise Holdings (United States), ALD International SA (France), Goldcar (Europe), Penske (United States), The Larson Group (United States), Ryder (United States), Kris-Way Truck Leasing (South Portland), ACE Rent a Car (United States) and Thrifty (United States)
CAGR%


The market for the Commercial Vehicle Leasing services is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Commercial Vehicle Leasing Service market throughout the predicted period.

Mendon Trucks Leasing and Rental (United States), Avis Budget (United States), LeasePlan Corporation N.V. (Netherland), Localiza (Brazil), Unidas (United States), Arval (France), Enterprise Holdings (United States), ALD International SA (France), Goldcar (Europe), Penske (United States), The Larson Group (United States), Ryder (United States), Kris-Way Truck Leasing (South Portland), ACE Rent a Car (United States) and Thrifty (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fox Rent a Car (United States), TEC Equipment (United States), Hertz (United States), DeCarolis Truck Rental (United States) and Movida (Brazil).

About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.

Segmentation Overview
The study have segmented the market of Global Commercial Vehicle Leasing Service market by Type and Region with country level break-up.

On the basis of geography, the market of Commercial Vehicle Leasing Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). region held largest market share in the year 2022.

Market Leaders and their expansionary development strategies
On January 2022, ALD Automotive acquired 100% of leaseplan from a consortium led by TDR capital for Euro 4.9 Billion with combination of cash and shares. The acquisition is aim to become the global mobility player in the market and On July 2022, Bain Capital a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have signed an agreement to acquire Merchants Automotive Group, DBA Merchants Fleet and Merchants Auto.
On March 2022, Quiklyz the provider of vehicle subscription platform of Mahindra and Mahindra Financial service expand its services in five cities of India Ahmedabad, Kolkata, Manesar, Faridabad and Ghaziabad.


Influencing Trend:
Digitalisation of rental services is the key trend driving the market growth forward

Market Growth Drivers:
The rising development of comfortable, safe, smart, and AI-equipped vehicles by automotive manufacturers drives the market growth and Rising demand for commercial vehicles, especially for long journeys, propel the market growth forward

Challenges:
Cost for (and management of) SMR (service maintenance and repair) differs hugely from region to region thus restricting the market growth

Restraints:
Cost and operational difficulties hampers the market growth

Opportunities:
Rising awareness and benefit of leasing services creates lucrative growth opportunities for the market and Government Initiative and promotion of e- mobility create growth opportunities for the market

Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others

Report Objectives / Segmentation Covered

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • 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
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. The rising development of comfortable, safe, smart, and AI-equipped vehicles by automotive manufacturers drives the market growth
      • 3.2.2. Rising demand for commercial vehicles, especially for long journeys, propel the market growth forward
    • 3.3. Market Challenges
      • 3.3.1. Cost for (and management of) SMR (service maintenance and repair) differs hugely from region to region thus restricting the market growth
    • 3.4. Market Trends
      • 3.4.1. Digitalisation of rental services is the key trend driving the market growth forward
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Commercial Vehicle Leasing Service, by Region (value and price ) (2017-2022)
    • 5.1. Introduction
    • 5.2. Global Commercial Vehicle Leasing Service (Value)
      • 5.2.1. Global Commercial Vehicle Leasing Service Region
        • 5.2.1.1. South America
          • 5.2.1.1.1. Brazil
          • 5.2.1.1.2. Argentina
          • 5.2.1.1.3. Rest of South America
        • 5.2.1.2. Asia Pacific
          • 5.2.1.2.1. China
          • 5.2.1.2.2. Japan
          • 5.2.1.2.3. India
          • 5.2.1.2.4. South Korea
          • 5.2.1.2.5. Australia
          • 5.2.1.2.6. Rest of Asia-Pacific
        • 5.2.1.3. Europe
          • 5.2.1.3.1. Germany
          • 5.2.1.3.2. France
          • 5.2.1.3.3. Italy
          • 5.2.1.3.4. United Kingdom
          • 5.2.1.3.5. Netherlands
          • 5.2.1.3.6. Rest of Europe
        • 5.2.1.4. MEA
          • 5.2.1.4.1. Middle East
          • 5.2.1.4.2. Africa
        • 5.2.1.5. North America
          • 5.2.1.5.1. United States
          • 5.2.1.5.2. Canada
          • 5.2.1.5.3. Mexico
  • 6. Commercial Vehicle Leasing Service: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2022)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Mendon Trucks Leasing and Rental (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Avis Budget (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. LeasePlan Corporation N.V. (Netherland)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Localiza (Brazil)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Unidas (United States)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Arval (France)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Enterprise Holdings (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. ALD International SA (France)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Goldcar (Europe)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Penske (United States)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. The Larson Group (United States)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
      • 6.4.12. Ryder (United States)
        • 6.4.12.1. Business Overview
        • 6.4.12.2. Products/Services Offerings
        • 6.4.12.3. Financial Analysis
        • 6.4.12.4. SWOT Analysis
      • 6.4.13. Kris-Way Truck Leasing (South Portland)
        • 6.4.13.1. Business Overview
        • 6.4.13.2. Products/Services Offerings
        • 6.4.13.3. Financial Analysis
        • 6.4.13.4. SWOT Analysis
      • 6.4.14. ACE Rent a Car (United States)
        • 6.4.14.1. Business Overview
        • 6.4.14.2. Products/Services Offerings
        • 6.4.14.3. Financial Analysis
        • 6.4.14.4. SWOT Analysis
      • 6.4.15. Thrifty (United States)
        • 6.4.15.1. Business Overview
        • 6.4.15.2. Products/Services Offerings
        • 6.4.15.3. Financial Analysis
        • 6.4.15.4. SWOT Analysis
  • 7. Global Commercial Vehicle Leasing Service Sale, by Region (value and price ) (2022-2027)
    • 7.1. Introduction
    • 7.2. Global Commercial Vehicle Leasing Service (Value)
      • 7.2.1. Global Commercial Vehicle Leasing Service Region
        • 7.2.1.1. South America
          • 7.2.1.1.1. Brazil
          • 7.2.1.1.2. Argentina
          • 7.2.1.1.3. Rest of South America
        • 7.2.1.2. Asia Pacific
          • 7.2.1.2.1. China
          • 7.2.1.2.2. Japan
          • 7.2.1.2.3. India
          • 7.2.1.2.4. South Korea
          • 7.2.1.2.5. Australia
          • 7.2.1.2.6. Rest of Asia-Pacific
        • 7.2.1.3. Europe
          • 7.2.1.3.1. Germany
          • 7.2.1.3.2. France
          • 7.2.1.3.3. Italy
          • 7.2.1.3.4. United Kingdom
          • 7.2.1.3.5. Netherlands
          • 7.2.1.3.6. Rest of Europe
        • 7.2.1.4. MEA
          • 7.2.1.4.1. Middle East
          • 7.2.1.4.2. Africa
        • 7.2.1.5. North America
          • 7.2.1.5.1. United States
          • 7.2.1.5.2. Canada
          • 7.2.1.5.3. Mexico
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. South America Commercial Vehicle Leasing Service, by Country USD Million (2017-2022)
  • Table 2. Asia Pacific Commercial Vehicle Leasing Service, by Country USD Million (2017-2022)
  • Table 3. Europe Commercial Vehicle Leasing Service, by Country USD Million (2017-2022)
  • Table 4. MEA Commercial Vehicle Leasing Service, by Country USD Million (2017-2022)
  • Table 5. North America Commercial Vehicle Leasing Service, by Country USD Million (2017-2022)
  • Table 6. Company Basic Information, Sales Area and Its Competitors
  • Table 7. Company Basic Information, Sales Area and Its Competitors
  • Table 8. Company Basic Information, Sales Area and Its Competitors
  • Table 9. Company Basic Information, Sales Area and Its Competitors
  • Table 10. Company Basic Information, Sales Area and Its Competitors
  • Table 11. Company Basic Information, Sales Area and Its Competitors
  • Table 12. Company Basic Information, Sales Area and Its Competitors
  • Table 13. Company Basic Information, Sales Area and Its Competitors
  • Table 14. Company Basic Information, Sales Area and Its Competitors
  • Table 15. Company Basic Information, Sales Area and Its Competitors
  • Table 16. Company Basic Information, Sales Area and Its Competitors
  • Table 17. Company Basic Information, Sales Area and Its Competitors
  • Table 18. Company Basic Information, Sales Area and Its Competitors
  • Table 19. Company Basic Information, Sales Area and Its Competitors
  • Table 20. Company Basic Information, Sales Area and Its Competitors
  • Table 21. South America Commercial Vehicle Leasing Service, by Country USD Million (2022-2027)
  • Table 22. Asia Pacific Commercial Vehicle Leasing Service, by Country USD Million (2022-2027)
  • Table 23. Europe Commercial Vehicle Leasing Service, by Country USD Million (2022-2027)
  • Table 24. MEA Commercial Vehicle Leasing Service, by Country USD Million (2022-2027)
  • Table 25. North America Commercial Vehicle Leasing Service, by Country USD Million (2022-2027)
  • Table 26. Research Programs/Design for This Report
  • Table 27. Key Data Information from Secondary Sources
  • Table 28. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. South America Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 5. Asia Pacific Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 6. Europe Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 7. MEA Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 8. North America Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 9. Global Commercial Vehicle Leasing Service share by Players 2022 (%)
  • Figure 10. Global Commercial Vehicle Leasing Service share by Players (Top 3) 2022(%)
  • Figure 11. Global Commercial Vehicle Leasing Service share by Players (Top 5) 2022(%)
  • Figure 12. BCG Matrix for key Companies
  • Figure 13. Mendon Trucks Leasing and Rental (United States) Revenue, Net Income and Gross profit
  • Figure 14. Mendon Trucks Leasing and Rental (United States) Revenue: by Geography 2022
  • Figure 15. Avis Budget (United States) Revenue, Net Income and Gross profit
  • Figure 16. Avis Budget (United States) Revenue: by Geography 2022
  • Figure 17. LeasePlan Corporation N.V. (Netherland) Revenue, Net Income and Gross profit
  • Figure 18. LeasePlan Corporation N.V. (Netherland) Revenue: by Geography 2022
  • Figure 19. Localiza (Brazil) Revenue, Net Income and Gross profit
  • Figure 20. Localiza (Brazil) Revenue: by Geography 2022
  • Figure 21. Unidas (United States) Revenue, Net Income and Gross profit
  • Figure 22. Unidas (United States) Revenue: by Geography 2022
  • Figure 23. Arval (France) Revenue, Net Income and Gross profit
  • Figure 24. Arval (France) Revenue: by Geography 2022
  • Figure 25. Enterprise Holdings (United States) Revenue, Net Income and Gross profit
  • Figure 26. Enterprise Holdings (United States) Revenue: by Geography 2022
  • Figure 27. ALD International SA (France) Revenue, Net Income and Gross profit
  • Figure 28. ALD International SA (France) Revenue: by Geography 2022
  • Figure 29. Goldcar (Europe) Revenue, Net Income and Gross profit
  • Figure 30. Goldcar (Europe) Revenue: by Geography 2022
  • Figure 31. Penske (United States) Revenue, Net Income and Gross profit
  • Figure 32. Penske (United States) Revenue: by Geography 2022
  • Figure 33. The Larson Group (United States) Revenue, Net Income and Gross profit
  • Figure 34. The Larson Group (United States) Revenue: by Geography 2022
  • Figure 35. Ryder (United States) Revenue, Net Income and Gross profit
  • Figure 36. Ryder (United States) Revenue: by Geography 2022
  • Figure 37. Kris-Way Truck Leasing (South Portland) Revenue, Net Income and Gross profit
  • Figure 38. Kris-Way Truck Leasing (South Portland) Revenue: by Geography 2022
  • Figure 39. ACE Rent a Car (United States) Revenue, Net Income and Gross profit
  • Figure 40. ACE Rent a Car (United States) Revenue: by Geography 2022
  • Figure 41. Thrifty (United States) Revenue, Net Income and Gross profit
  • Figure 42. Thrifty (United States) Revenue: by Geography 2022
  • Figure 43. South America Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 44. Asia Pacific Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 45. Europe Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 46. MEA Commercial Vehicle Leasing Service Share (%), by Country
  • Figure 47. North America Commercial Vehicle Leasing Service Share (%), by Country
List of companies from research coverage that are profiled in the study
  • Mendon Trucks Leasing and Rental (United States)
  • Avis Budget (United States)
  • LeasePlan Corporation N.V. (Netherland)
  • Localiza (Brazil)
  • Unidas (United States)
  • Arval (France)
  • Enterprise Holdings (United States)
  • ALD International SA (France)
  • Goldcar (Europe)
  • Penske (United States)
  • The Larson Group (United States)
  • Ryder (United States)
  • Kris-Way Truck Leasing (South Portland)
  • ACE Rent a Car (United States)
  • Thrifty (United States)
Additional players considered in the study are as follows:
Fox Rent a Car (United States) , TEC Equipment (United States) , Hertz (United States) , DeCarolis Truck Rental (United States) , Movida (Brazil)
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Sep 2022 248 Pages 88 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The key segments that are playing vital role in Commercial Vehicle Leasing Service Market are by end use application [].
The Commercial Vehicle Leasing Service Market is gaining popularity and expected to see strong valuation by 2027.
  • The rising development of comfortable, safe, smart, and AI-equipped vehicles by automotive manufacturers drives the market growth
  • Rising demand for commercial vehicles, especially for long journeys, propel the market growth forward

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