As per the market research analysts at Research Cosmos, the size of the Global Automotive Fleet Leasing Market predicted to grow at a CAGR of 6.04% to reach USD USD 37,410.9 million by 2023.
Fleet lease vehicles are used by all sorts of commercial and public operations. IT Industries, Food & Beverages sector needs vehicles that meet their specific needs, along with the ability to turn repairs and other problems rather than deal with them internally. Leasing such vehicles, it also reduces prices. Moreover, it also provides tax benefits, which vary according to the lease type.
Market Dynamics:
High demand for automobiles is primarily driven by the rising demand for passenger car among a large pool of population, increasing per capita income in emerging countries, and expansion of global auto-manufacturers into new emerging markets and others. the market is driven by various factors such as growing awareness about the benefit of fleet leasing among the customers, the high growth potential for leasing market due to the growing demand for leased cars, and people shifting from vehicle purchase to vehicle leasing. there are various factors that can hinder the growth of the market such as pay for the original equipment at the time of collision and restriction in the car leasing agreement.
Few of the key research findings of the market:
- On the basis of Lease type, the open-ended segment accounted for the largest market share registering CAGR of 6.32% during the forecasted period
- On the basis of vehicle type segment passenger cars holds the market share of 79.44% in 2016
- Regionally, North- America has the largest market of USD 11,701.0 million by 2023
Regional Analysis:
North America accounted for the largest market share of 33.17% in 2016 and is projected to grow at a CAGR of 5.16% during the forecast period.
The U.S. is expected to dominate the market in North America. The U.S. is referred to as a major contributor to the automotive industry and demand for passenger cars, LCV and HCV has increased substantially due to the rising migrants. Moreover, rental car companies, which make up the largest customer segment in the US fleet and lease market. The open-end segment accounted for the largest market share because they are primarily used commercial business due to which they possess a higher market share in the market. They offer greater control of asset utilization and disposal. It is usually for 12 months and can terminate the agreement at any point after the end of the term. At the end of the leasing term, the customer is responsible for any excessive damage or additional mileage overages. The passenger vehicles account for more than 50% of global vehicle production. With the rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales.
China accounted for the largest market share of 46.25% in 2016, with a market value of USD 3,101.6 Million and is projected to grow at the highest CAGR of 6.45% during the forecast period. Japan was the second-largest market in 2016, valued at USD 1,926.7 Million in 2016; it is projected to grow at a CAGR of 7.37%.
Leading Companies operating in the Global Automotive Fleet Leasing Market profiled in the report are:
- ARI (New Jersey)
- LeasePlan Corporation N.V. (Netherland)
- Sixt Leasing SE (Germany)
- Glesby Marks (U.S.)
- AutoFlex AFV (U.S.)
- Velcor Leasing Corporation (U.S.)
- Caldwell fleet leasing (U.S.)
- Wheel, Inc. (U.S.)
- PRO Leasing Services (U.S.)
- Jim Pattison Lease (Canada)
Study Objectives of Automotive Fleet Leasing Market
- To study the detail of the automotive fleet leasing market by lease type, vehicle type, passenger cars type, and by region in forecasted period 2023.
- To identify the market dynamics of automotive fleet leasing market dynamics by drivers, restraints, opportunities, and challenges.
- To analyze various factors like value chain analysis and porters five forces model.
- To provide historically and forecast revenue of the market segment with respect to North America, Europe, APAC and RoW.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track mergers and acquisitions, strategic alliances, new product development of a specified company.
Intended Audience
- Manufacturers and distributors of the automotive fleet leasing market.
- Suppliers and traders of the automotive fleet leasing market.
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Consulting in automotive experts.
This research report includes following segmentation for the Global Automotive Fleet Leasing Market size and forecast until 2023.
Global Automotive Fleet Leasing Market- By Lease Type
Global Automotive Fleet Leasing Market - By Vehicle Type
- Passenger Cars
- Commercial vehicle
Global Automotive Fleet Leasing Market - By Passenger Cars Type
Global Automotive Fleet Leasing Market - By Region
- North America
- Europe
- Germany
- The U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Table of Contents
1 Executive Summary 12
2 Introduction 14
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 14
2.4 Market Structure 15
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 16
3.2.1 Secondary Research 17
3.3 Market Size Estimation 17
3.4 Forecast Model 19
4 Market Dynamics 20
4.1.1 Growing awareness about the benefit of fleet leasing among customers 20
4.1.2 The high growth potential for leasing market due to growing demand for leased cars 21
4.1.3 People shifting from vehicle purchase to vehicle leasing 21
4.2 Restraints 22
4.2.1 Pay for the original equipment at the time of collision 22
4.2.2 Restriction in car leasing agreement 22
4.3 Opportunity 22
4.3.1 Growth opportunity through leveraging 22
5 Market Factor Analysis 23
5.1 Porter's Five Forces Analysis 23
5.1.1 Threat of New Entrants 23
5.1.2 Bargaining Power of Suppliers 24
5.1.3 Bargaining Power of Buyers 24
5.1.4 Threat of Substitutes 24
5.1.5 Rivalry 24
5.2 Supply Chain Analysis 25
6 Global Automotive Fleet Leasing Market, By Lease Type 26
6.1 Overview 27
6.1.1 Open-Ended 29
6.1.2 Closed Ended 29
7 Global Automotive Fleet Leasing Market, By Vehicle Type 30
7.1 Overview 31
7.1.1 Passenger Cars 32
7.1.2 Commercial vehicle 33
8 Global Automotive Fleet Leasing Market, by Passenger Cars Type 34
8.1 Overview 35
8.1.1 SUV’s 36
8.1.2 Hatchback 37
8.1.3 Sedan 37
9 Global Automotive Fleet Leasing Market, By Region 38
9.1 Introduction 39
9.2 North America 41
9.2.1 U.S. 44
9.2.2 Canada 45
9.3 Europe 47
9.3.1 Germany 49
9.3.2 U.K. 51
9.3.3 France 52
9.3.4 Italy 54
9.3.5 Rest of the Europe 56
9.4 Asia-Pacific 58
9.4.1 China 60
9.4.2 Japan 62
9.4.3 India 63
9.4.4 Rest of Asia-PAcifc 65
9.5 Rest of the World 67
9.5.1 Latin America 69
9.5.2 Middle East & Africa 71
10 Competitive Landscape 73
11 Company Profile 74
11.1 ARI 74
11.1.1 Company Overview 74
11.1.2 Financial Overview 74
11.1.3 Product/Service Offering 74
11.1.4 Strategy 74
11.1.5 SWOT Analysis 75
11.2 LeasePlan Corporation N.V. 76
11.2.1 Company Overview 76
11.2.2 Financial Overview 76
11.2.3 Product/Service Offering 76
11.2.4 Strategy 77
11.2.5 SWOT Analysis 77
11.3 Sixt Leasing 78
11.3.1 Company Overview 78
11.3.2 Financial Overview 78
11.3.3 Product/Service Offering 78
11.3.4 Strategy 78
11.3.5 SWOT Analysis 79
11.4 Glesby Mark 80
11.4.1 Company Overview 80
11.4.2 Financial Overview 80
11.4.3 Product/Service Offering 80
11.4.4 Strategy 80
11.5 AutoFlex AFV 81
11.5.1 Company Overview 81
11.5.2 Financial Overview 81
11.5.3 Product/Service Offering 81
11.5.4 Strategy 81
11.6 Velcor Leasing Corporation 82
11.6.1 Company Overview 82
11.6.2 Financial Overview 82
11.6.3 Product/Service Offering 82
11.6.4 Strategy 82
11.7 Caldwell fleet leasing 83
11.7.1 Company Overview 83
11.7.2 Financial Overview 83
11.7.3 Product/Service Offering 83
11.7.4 Strategy 83
11.8 Wheels, Inc. 84
11.8.1 Company Overview 84
11.8.2 Financial Overview 84
11.8.3 Product/Service Offering 84
11.8.4 Service 84
11.9 PRO Leasing Services 85
11.9.1 Company Overview 85
11.9.2 Financial Overview 85
11.9.3 Product/Service Offering 85
11.9.4 Strategy 85
11.10 Jim Pattison Lease 86
11.10.1 Company Overview 86
11.10.2 Financial Overview 86
11.10.3 Strategy 86
List of Tables
TABLE 1 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 27
TABLE 2 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY PASSENGER CAR TYPE, 2015-2023 (USD MILLION) 35
TABLE 3 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY REGION, 2015-2023 (USD MILLION) 39
TABLE 4 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 41
TABLE 5 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 42
TABLE 6 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 42
TABLE 7 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 43
TABLE 8 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 44
TABLE 9 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 45
TABLE 10 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 45
TABLE 11 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 46
TABLE 12 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 47
TABLE 13 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 48
TABLE 14 GERMANY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 49
TABLE 15 GERMANY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 49
TABLE 16 U.K.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 50
TABLE 17 U.K.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 51
TABLE 18 FRANCE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 52
TABLE 19 FRANCE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 52
TABLE 20 ITALY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 53
TABLE 21 ITALY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 54
TABLE 22 REST OF THE EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 55
TABLE 23 REST OF THE EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 56
TABLE 24 ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 57
TABLE 25 ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 58
TABLE 26 ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 59
TABLE 27 CHINA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 59
TABLE 28 CHINA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 60
TABLE 29 CHINA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 60
TABLE 30 JAPAN: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 61
TABLE 31 JAPAN: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 62
TABLE 32 INDIA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 63
TABLE 33 INDIA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 63
TABLE 34 REST OF ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 64
TABLE 35 REST OF ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 65
TABLE 36 REST OF THE WORLD: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 66
TABLE 37 REST OF THE WORLD: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 67
TABLE 38 REST OF THE WORLD: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 68
TABLE 39 LATIN AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 69
TABLE 40 LATIN AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 69
TABLE 41 MIDDLE EAST & AFRICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 70
TABLE 42 MIDDLE EAST & AFRICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 71
List of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR 15
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 17
FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL AUTOMOTIVE FLEET LEASING MARKET 19
FIGURE 4 TOTAL FLEET MEMBERS, 2016 20
FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE FLEET LEASING MARKET 22
FIGURE 6 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2016 (%) 26
FIGURE 7 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 27
FIGURE 8 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2016 (%) 30
FIGURE 9 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 31
FIGURE 10 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 31
FIGURE 11 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2016 (%) 34
FIGURE 12 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 35
FIGURE 13 GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY REGION, 2015-2023 (USD MILLION) 38
FIGURE 14 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2016 (%) 40
FIGURE 15 NORTH AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 41
FIGURE 16 U.S.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 43
FIGURE 17 CANADA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 44
FIGURE 18 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2016 (%) 46
FIGURE 19 EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 47
FIGURE 20 GERMANY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 48
FIGURE 21 U.K.: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 50
FIGURE 22 FRANCE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 51
FIGURE 23 ITALY: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 53
FIGURE 24 REST OF THE EUROPE: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 55
FIGURE 25 ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2016 (%) 57
FIGURE 26 ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 58
FIGURE 27 JAPAN: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 61
FIGURE 28 INDIA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 62
FIGURE 29 REST OF ASIA-PACIFIC: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 64
FIGURE 30 REST OF THE WORLD: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY COUNTRY, 2016 (%) 66
FIGURE 31 REST OF THE WORLD: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 67
FIGURE 32 LATIN AMERICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 68
FIGURE 33 MIDDLE EAST & AFRICA: GLOBAL AUTOMOTIVE FLEET LEASING MARKET, BY LEASE TYPE, 2015-2023 (USD MILLION) 70
FIGURE 34 ARI: SWOT ANALYSIS 74
FIGURE 35 LEASEPLAN CORPORATION N.V.: TOTAL REVENUE VS SEGMENTAL REVENUE (LEASING REVENUE), 2015-2016 75
FIGURE 36 LEASEPLAN CORPORATION : SWOT ANALYSIS 76
FIGURE 37 SIXT LEASING SE: TOTAL REVENUE VS SEGMENTAL REVENUE (LEASING REVENUE), 2015-2016 77
FIGURE 38 SIXT LEASING SE: SWOT ANALYSIS 78
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