Learn about the global automotive equipment leasing market through The Business Research Company, which provides information on automotive equipment leasing market size, automotive equipment leasing market drivers and restraints, automotive equipment leasing market players, the COVID-19 impact on the automotive equipment leasing market, and more.

The global automotive equipment leasing market size is expected to grow from $381.11 billion in 2021 to $435.28 billion in 2022 at a compound annual growth rate (CAGR) of 14.2%. The growth in the market 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 automotive equipment leasing market is expected to reach $717.38 billion in 2026 at a CAGR of 13.3%.

Technological advances will be a key driver of the automotive equipment rental and leasing market in the forecast period.

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The automotive equipment leasing market consists of sales of automotive equipment renting or leasing services by entities (organizations, sole traders and partnerships) that provide passenger cars and truck/vans, utility trailer, and recreational vehicle (RV) without drivers and utility trailers. These establishments generally operate a retail store like facility for automotive equipment renting and leasing. Some automotive equipment rental and leasing companies offer short-term rental or long-term leases, while others provide both types of services.

Global Automotive Equipment Leasing Market Segments Include:

By Type: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

By Mode: Online, Offline

By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the automotive equipment leasing market in 2021.

Automotive equipment leasing companies are using technologies such as big data to improve customer service and increase vehicle life. Big data involves large amounts of data that can be analysed to gain insights and drive decision making. Big data would allow the leasing company to remind the driver to book a car for the service or replace engine oil. This technology could also help leasing companies in minimizing driver risk and prevent the number of accidents, by giving the companies insights about the driving habits and whereabouts of its fleet.

TBRC’s automotive equipment leasing market report covers:

Major Market Players: Enterprise Holdings Inc, Daimler AG, LeasePlan Corporation N.V., Ford Motor Co, Berkshire Hathaway Inc., Avis Budget Group Inc., Hertz Global Holdings Inc., ALD Automotive, Penske Truck Leasing and Ryder System 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 (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Equipment Leasing Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive equipment leasing market overviews, analyses and forecasts market size, share, automotive equipment leasing market players, automotive equipment leasing market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive equipment leasing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Machinery Leasing Global Market Report 2022

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