The Global Leasing Market Report by The Business Research Company covers leasing market drivers and restraints, leasing market size, major players, and the impact of COVID-19 on the leasing market.
The leasing market consists of sales of leasing services by entities (organizations, sole traders and partnerships) that use a wide variety of tangible goods such as consumer goods, industrial machinery and equipment, automobiles and others and assign intangible assets such as trademarks to customers in return for a periodic rental or lease payment. The leasing market is segmented into automotive equipment leasing, consumer goods and general rental centers, machinery leasing and lessors of nonfinancial intangible assets.
The emergence of startups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which are often highly priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the market.
The global leasing market is expected to grow from $1185.7 billion in 2020 to $1355.3 billion in 2021 at a compound annual growth rate (CAGR) of 14.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1836.4 billion in 2025 at a CAGR of 8%.
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Some leasing market trends include internet of things, this technology is widely being used by car rental and leasing companies to maintain and manage fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. According to Business Insider, number of IoT connected cars on the road are expected to increase from 36 million in 2015 to around 381 million by 2020.
Global leasing market segments include:
1) By Type: Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets.
2) By Mode: Online, Offline
Subsegments Covered: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And RV (Recreational Vehicle) Rental And Leasing, Consumer Goods Rental, General Rental Centers, Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental, Oil Royalty Companies, Patent Owners And Lessors.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global leasing market share.
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The Leasing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides leasing market overviews, analyzes and forecasts market size, share, leasing market players, leasing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The leasing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Leasing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Enterprise Holdings Inc, Hertz Global Holdings Inc, LeasePlan Corporation N V, Avis Budget Group Inc, United Rentals Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Leasing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Leasing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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