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Global Car Leasing Market (2019-2023) to Post a CAGR of Approx 14% - ResearchAndMarkets.com

April 5, 2019

DUBLIN--(BUSINESS WIRE)--Apr 5, 2019--The “Global Car Leasing Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The car leasing market will register a CAGR of almost 14% by 2023.

Leasing is more cost-effective than buying a car on loan. The monthly payments on a car lease plan are significantly lower than that on a car finance plan. The buyer has to continue paying the monthly amount even as the value of the car depreciates every month, whereas a car lessee only pays for the depreciation caused due to the usage of the vehicle.

The maintenance is cost-intensive and has to be borne by every car buyer. However, a car lessee need not undertake all the maintenance expenses as the car lease plan would cover general expenses. Car leasing is witnessing growth as a trend as it is the most cost-effective method of acquiring a car. Hence, the attractive value proposition of leasing a car rather than purchasing it is a major driver for the global car leasing market.

Effective means of personal transportation for businesses

Car leasing acts as an alternative and offers various advantages to businesses. Vehicles are depreciating assets, hence, to upgrade a vehicle, the company has to incur significant cost. However, leasing offers an alternative, wherein the lessee has to only pay for the depreciating factor of the vehicle and can upgrade easily after the expiration of the lease period.

Limited customer awareness and acceptance in semi-urban and rural areas

The acceptance of car leasing model of business is low in semi-urban and rural areas. Mere it would have been an effective choice over purchasing a car. Therefore, the lack of awareness and acceptance among customers in semi-urban and rural areas is a major challenge for car leasing companies to operate in semi-urban and rural areas.

Competitive Landscape

The market appears to be highly concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • ALD Automotive
  • Arval (BNP Paribas)
  • ExpatRide International
  • LeasePlan Corporation N.V.
  • Sixt SE

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Commercial customers - Market size and forecast 2018-2023
  • Non-commercial customers - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Off-lease cars fueling the used car market
  • Car subscription model of car leasing
  • Use of telematics in leased cars
  • Change in international reporting standards regarding leased assets

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ALD Automotive
  • Arval (BNP Paribas)
  • ExpatRide International
  • LeasePlan Corporation N.V.
  • Sixt SE

For more information about this report visit https://www.researchandmarkets.com/r/9ksqh6

View source version on businesswire.com:https://www.businesswire.com/news/home/20190405005437/en/

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Related Topics:Automotive Leasing and Rental

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 04/05/2019 02:49 PM/DISC: 04/05/2019 02:49 PM

http://www.businesswire.com/news/home/20190405005437/en