Automotive Leasing Market By Service Type , By Mode By End User : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

Automotive Leasing Market

The automotive leasing market was valued at $501.7 billion in 2023 and is projected to reach $952.5 billion by 2033, growing at a CAGR of 6.8% from 2024 to 2033.

Automotive leasing is a system of paying rent to drive a vehicle without owing it. Leasing allows individuals to rent a vehicle from businesses for a certain amount of time. The businesses offering rental vehicles are of various categories, including sole proprietors; partnerships; and organizations operating retail outlets with diverse categories of cars, recreational vehicles, and trucks/vans.

The cost efficiency of renting vehicles is a significant driver of the automotive leasing market. The reduced monthly payments and low maintenance charges incline several individuals toward automotive leasing. Moreover, automotive leasing observes a high demand as it offers individuals access to the latest models more frequently compared to purchasing. With growing popularity of leasing, the trend of subscription models is acquiring traction among users. Subscription models increase the advantages for recipients, including low commitments and insurance & maintenance services. Furthermore, the leasing strategies are being revolutionized by the assimilation of advanced technologies such as AI and ML. AI algorithms help in predicting consumer choices and offering personalized leasing offers to them.

However, automotive leasing does not attract consumers for longer durations due to the continuous payment requirements and lack of ownership, thereby restraining the market growth. In addition, most of the rental companies impose mileage restrictions on vehicles and incur heavy charges in the case of wear & tear. These limitations hamper the widespread development of the automotive leasing market. Statistica, a data and business intelligence platform, released a report on December 2023, stating that only one-fifth of the new vehicles were leased in 2023, the rest being sold out. Contrarily, rapid boost in urbanization is projected to present lucrative opportunities for the expansion of the automotive leasing market owing to limited parking spaces in populous areas.

Segment Review

The automotive leasing market is segmented into service type, mode, end user, and region. On the basis of service type, the market is divided into passenger car rental, passenger car leasing, truck, utility trailer, and recreational vehicle rental & leasing. Depending on mode, it is bifurcated into online and offline. As per end user, it is classified into industrial divisions and corporate divisions. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of service type, the passenger car leasing segment accounted for the highest market share in 2023.

Depending on mode, the offline segment was the highest shareholder in 2023.

As per end user, the corporate divisions segment dominated the market in 2023.

Region wise, Europe was the highest revenue generator in 2023.

Competition Analysis

The major players of the global automotive leasing market include Enterprise Holdings, The Hertz Corporation, Avis Budget, Europcar Mobility Group, Arval, LeasePlan Corporation N.V., ALD Automotive, Volkswagen Financial Services AG, BMW Group Financial Services, and Mercedes-Benz Financial Services. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
SWOT Analysis

Key Market Segments

By Service Type

Passenger Car Rental
Passenger Car Leasing
Truck, Utility Trailer and Recreational Vehicle Rental and Leasing

By Mode

Online
Offline

By End User

Industrial Divisions
Corporate Divisions

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa

Key Market Players:

Enterprise Holdings
The Hertz Corporation
Avis Budget
Europcar Mobility Group
Arval
LeasePlan Corporation N.V.
ALD Automotive
Volkswagen Financial Services AG
BMW Group Financial Services
Mercedes-Benz Financial Services

Product Code: A180091

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: AUTOMOTIVE LEASING MARKET, BY SERVICE TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Service Type
4.2. Passenger Car Rental
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Passenger Car Leasing
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Truck, Utility Trailer And Recreational Vehicle Rental And Leasing
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: AUTOMOTIVE LEASING MARKET, BY MODE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Mode
5.2. Online
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. offline
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country

CHAPTER 6: AUTOMOTIVE LEASING MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Industrial Divisions
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Corporate Divisions
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country

CHAPTER 7: AUTOMOTIVE LEASING MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Service Type
- 7.2.3. Market Size and Forecast, By Mode
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Automotive Leasing Market
  - 7.2.6.1. Market Size and Forecast, By Service Type
  - 7.2.6.2. Market Size and Forecast, By Mode
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada Automotive Leasing Market
  - 7.2.7.1. Market Size and Forecast, By Service Type
  - 7.2.7.2. Market Size and Forecast, By Mode
  - 7.2.7.3. Market Size and Forecast, By End User
- 7.2.8. Mexico Automotive Leasing Market
  - 7.2.8.1. Market Size and Forecast, By Service Type
  - 7.2.8.2. Market Size and Forecast, By Mode
  - 7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Service Type
- 7.3.3. Market Size and Forecast, By Mode
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Automotive Leasing Market
  - 7.3.6.1. Market Size and Forecast, By Service Type
  - 7.3.6.2. Market Size and Forecast, By Mode
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany Automotive Leasing Market
  - 7.3.7.1. Market Size and Forecast, By Service Type
  - 7.3.7.2. Market Size and Forecast, By Mode
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. Italy Automotive Leasing Market
  - 7.3.8.1. Market Size and Forecast, By Service Type
  - 7.3.8.2. Market Size and Forecast, By Mode
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. UK Automotive Leasing Market
  - 7.3.9.1. Market Size and Forecast, By Service Type
  - 7.3.9.2. Market Size and Forecast, By Mode
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. Russia Automotive Leasing Market
  - 7.3.10.1. Market Size and Forecast, By Service Type
  - 7.3.10.2. Market Size and Forecast, By Mode
  - 7.3.10.3. Market Size and Forecast, By End User
- 7.3.11. Rest of Europe Automotive Leasing Market
  - 7.3.11.1. Market Size and Forecast, By Service Type
  - 7.3.11.2. Market Size and Forecast, By Mode
  - 7.3.11.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Service Type
- 7.4.3. Market Size and Forecast, By Mode
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Automotive Leasing Market
  - 7.4.6.1. Market Size and Forecast, By Service Type
  - 7.4.6.2. Market Size and Forecast, By Mode
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan Automotive Leasing Market
  - 7.4.7.1. Market Size and Forecast, By Service Type
  - 7.4.7.2. Market Size and Forecast, By Mode
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India Automotive Leasing Market
  - 7.4.8.1. Market Size and Forecast, By Service Type
  - 7.4.8.2. Market Size and Forecast, By Mode
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea Automotive Leasing Market
  - 7.4.9.1. Market Size and Forecast, By Service Type
  - 7.4.9.2. Market Size and Forecast, By Mode
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Rest of Asia-Pacific Automotive Leasing Market
  - 7.4.10.1. Market Size and Forecast, By Service Type
  - 7.4.10.2. Market Size and Forecast, By Mode
  - 7.4.10.3. Market Size and Forecast, By End User
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Service Type
- 7.5.3. Market Size and Forecast, By Mode
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Automotive Leasing Market
  - 7.5.6.1. Market Size and Forecast, By Service Type
  - 7.5.6.2. Market Size and Forecast, By Mode
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. Argentina Automotive Leasing Market
  - 7.5.7.1. Market Size and Forecast, By Service Type
  - 7.5.7.2. Market Size and Forecast, By Mode
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. REST of Latin America Automotive Leasing Market
  - 7.5.8.1. Market Size and Forecast, By Service Type
  - 7.5.8.2. Market Size and Forecast, By Mode
  - 7.5.8.3. Market Size and Forecast, By End User
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Service Type
- 7.6.3. Market Size and Forecast, By Mode
- 7.6.4. Market Size and Forecast, By End User
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. UAE Automotive Leasing Market
  - 7.6.6.1. Market Size and Forecast, By Service Type
  - 7.6.6.2. Market Size and Forecast, By Mode
  - 7.6.6.3. Market Size and Forecast, By End User
- 7.6.7. Saudi Arabia Automotive Leasing Market
  - 7.6.7.1. Market Size and Forecast, By Service Type
  - 7.6.7.2. Market Size and Forecast, By Mode
  - 7.6.7.3. Market Size and Forecast, By End User
- 7.6.8. South Africa Automotive Leasing Market
  - 7.6.8.1. Market Size and Forecast, By Service Type
  - 7.6.8.2. Market Size and Forecast, By Mode
  - 7.6.8.3. Market Size and Forecast, By End User
- 7.6.9. Rest of Middle East And Africa Automotive Leasing Market
  - 7.6.9.1. Market Size and Forecast, By Service Type
  - 7.6.9.2. Market Size and Forecast, By Mode
  - 7.6.9.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Enterprise Holdings
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. The Hertz Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Avis Budget
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Europcar Mobility Group
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Arval
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. LeasePlan Corporation N.V.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. ALD Automotive
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Volkswagen Financial Services AG
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. BMW Group Financial Services
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Mercedes-Benz Financial Services
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments