The leasing service across the globe is seen as a solution to the growing problems faced by companies for their mobility needs, which include vehicle funding maintenance and, more importantly, residual risk handling. The automobile owning companies offer their fleet to other manufacturing companies on lease to transport their goods and products, for which they prefer to lease a fleet from leasing companies. Leasing the automobile is generally preferred by corporates as a hassle-free mobility service that includes, on-demand mobility, and after-service facilities.
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Companies covered in this report study:
- Enterprise Holdings
- Wilmar Inc.
- Merchants
- Ewald Automotive Group
- Sixt Leasing
- Avis Budget Group Inc
- United Leasing & Finance
- Caldwell Leasing
- Element Management Corp.
- Emkay.
Some of the factors that boost the market growth include growing awareness about the benefits of leasing and people shifting from purchase to vehicle leasing. Moreover, cost of the original equipment at the time of collisionis anticipated to hamper the growth of the market. Furthermore, government policies declared to increase the use of car leasing at various levels are expected to offer lucrative opportunities for the market growth shortly.
Rapid expansion of several other industries globally and internationally has rapidly expanded the shared mobility market to travel in different parts of the country. The increase in use of car leasing by corporate has rapidly increased the awareness among common people seeking the advantages they are getting over other available options. This fosters the market growth during the forecast period.
Increase in traffic and pollution in most developed cities has encouraged buyers not to buy their personal vehicles and either use shared mobility or lease an automobile for the required amount of time in exchange for timely payment of rentals. This is anticipated to boost the market growth during the forecast period.
Key benefits of the report:
- This study presents the analytical depiction of the car leasing market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the car leasing market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the car leasing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed car leasing market analysis based on competitive intensity and how the competition will take shape in the coming years.
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