AP NEWS

The South African Light Vehicle Leasing Market - Forecast to 2022: Product Offerings are Constantly Evolving to Cater to the Growing Operational Leasing Market in South Africa - ResearchAndMarkets.com

November 12, 2018

DUBLIN--(BUSINESS WIRE)--Nov 12, 2018--The “Light Vehicle Leasing Market in South Africa, Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.

The South African leasing market is constantly evolving as leasing companies and OEMs continue to develop products to meet the ever-changing needs of their customers.

Significant growth within the operational leasing market in South Africa is expected as consumers become increasingly aware of the benefits of leasing. The market will be marked by increased competition as new market entrants are expected.

Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling.

Businesses in the present market conditions are focussed on their core products/services and seek to outsource all other support activities.

Mobility is a significant department-starting from fleet purchase to remarketing at a competitive price-and for each of the segments in the value chain, unless an expert team is on the job, issues such as cost spikes, utilisation mismatches, irregularities in fleet maintenance, and risks of dips in residual value can crop up.

Leasing the fleet enables hassle-free mobility, on-demand mobility, and fleet afterservice facilities, amongst other benefits. This has driven the growth of the leasing market, given it a structure, and regulated the ecosystem.

Study Coverage

This study sheds light on the market size across passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/parc data for the total market and fleet and company car (true fleet) segments.

The company car segment is discussed in detail, with a focus on the actual development and the growth potential of financial lease, operational lease, and outright purchase.

The analysis takes into account historical data and current market conditions and insights and opinions from market participants to provide a five-year outlook on growth opportunities (over the 2017-2022 period).

In addition to market data (PV and LCV) for both new registrations and portfolio, the study provides actual competitor data (portfolio) for the leading leasing service providers in the country. Competitor data is available for both the leasing segments (operational and financial) for the base year, 2017.

The evolution of any industry depends on factors such as transformational trends that are linked to the macroeconomic factors of the region and the emerging business models that reflect innovation in mobility solutions, such as rental, carsharing, integrated mobility, and alternative powertrain. The study covers these evolutionary trends that are expected to shape the market.

For leasing providers and other companies that share the leasing ecosystem, interest lies in the growth opportunities that they need to look at and leverage and the strategic imperatives that aid in their pursuit of growth and success.

Overall, the study provides a 360 degree understanding of the leasing space (region-specific) and offers a detailed account on the key trends, market overview, and outlook.

For more information about this report visit https://www.researchandmarkets.com/research/dhkdcx/the_south_african?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005446/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Commercial Vehicles,Automotive Leasing and Rental

KEYWORD: SOUTH AFRICA AFRICA

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/12/2018 09:26 AM/DISC: 11/12/2018 09:26 AM

http://www.businesswire.com/news/home/20181112005446/en

AP RADIO
Update hourly