What is Automotive Fleet Leasing?
The auto finance industry is dependent on the growths and current risks that are affecting the financing industry. Automotive fleet leasing provides businesses and consumers with access to new cars that are safer and more fuel-efficient than the average privately owned car. As a result, end-of-lease vehicles are a dynamic source, well-maintained vehicles for the second-hand market. Automotive leasing is also a form of affordable, fixed-cost mobility that eliminates many of the downsides related to vehicle ownership. It allows economic activity by serving businesses to manage and meet their transportation needs.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Glesby Marks (United States), LeasePlan Corporation N.V. (Netherlands), AutoFlex AFV (United States), Velcor Leasing Corporation (United States), Caldwell fleet leasing (United States), Wheel, Inc. (United States), PRO Leasing Services (United States), Jim Pattison Lease (Canada), Sixt Leasing SE (Germany), ALD Automotive (India) and Arval (France) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Open Ended and Close Ended) , by application (Passenger Cars and Commercial Vehicles [LCV, HCV]) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Fleet Leasing market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Fleet Leasing market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Glesby Marks (United States), LeasePlan Corporation N.V. (Netherlands), AutoFlex AFV (United States), Velcor Leasing Corporation (United States), Caldwell fleet leasing (United States), Wheel, Inc. (United States), PRO Leasing Services (United States), Jim Pattison Lease (Canada), Sixt Leasing SE (Germany), ALD Automotive (India) and Arval (France).
Market Overview:
In May 2022, ALd Automotives acquired LeasePlan from a consortium led by TDR Capital. As a result of the acquisition, the combined group will have a total of 3.3 million managed vehicles in its worldwide portfolio.
Influencing Trend:
Growing Awareness about the Advantages of Fleet Leasing
Market Growth Drivers:
Rising Demand for Passenger Cars and Increasing Disposable Income
Challenges:
Difficult to Replace Original Parts
Restraints:
Restrictions in Car Leasing Agreement
Opportunities:
Increasing Demand for Leased Cars
Key highlights of the Global Automotive Fleet Leasing market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Automotive Fleet Leasing market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automotive Fleet Leasing market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Automotive Fleet Leasing Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Fleet Leasing market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Fleet Leasing market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Service Providers of Automotive Fleet Leasing, Suppliers of Automobile, Wholesalers, Distributors and Retailers of Automobile, Automobile Industry, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.