What is Vehicle Leasing Market?
Vehicle leasing is 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 vehicles leasing market.
The market study is being classified by Type (Electric Vehicle Leasing, Private Leasing and SME Leasing), by Application (Passenger Vehicle and Light Commercial Vehicle) and major geographies with country level break-up.
Alamo (United States), Auto Europe (United States), Avis (United States), Budget Rent a Car (United States), Advantage Rent a Car (United States), E-Z Rent-A-Car Group Holding (United States), Uber (United States), Ola cabs (India), Easy Taxi (Brazil) and Zoom (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Easy Car (United Kingdom), Economy Car Hire (Greece), Europcar (United States) and Hertz (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Vehicle Leasing market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Vehicle Leasing market by Type, Application and Region.
On the basis of geography, the market of 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.
- Increasing Awareness about Vehicle Leasing
- Rising Demand of Four Wheeler in Corporate Sector
- Increasing Mobility Demands and Vehicle Preference toward a Specific Model
- High Adoption Due To Usage of Telematics to Monitor the Practice
- Fuel Price Fluctuation Impacting Fleeting Budget
- Rising Disposable Income in Emerging Economics
Market Leaders and some development strategies
On 11th September 2018, Uber Technologies Inc. has announced that they are going to acquire Dubai-based rival Careem Networks FZ for expansion in the Middle East. A deal could value Careem at 2 billion to 2.5 billion dollars
On 25th November 2018, Uber, leading on-demand ride-sharing company has launched Uber Care in India, a first-of-its-kind comprehensive platform for thousands of driver partners who choose to drive using the Uber App. This platform offers easy access to term insurance with HDFC life insurance, family health insurance with a reliance insurance company.
Key Target AudienceVehicle Leasing Service Providers, Government Regulatory Bodies, Government and Private Research Organization and Others