According to a new report by Expert Market Research titled, ‘Global Car leasing Market Report and Forecast 2020-2025’, the global car leasing market is going to be supported by the company car leasing market, which is expected to grow at a CAGR of 4% between 2020 and 2025 to reach a volume of 10.12 million metric units by 2025.
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The global car leasing market is rapidly growing at a CAGR of 15% due to the increasing demand. The leading markets for car leasing include Europe, the Asia Pacific, Japan, Australia, and the Americas. The company car leasing market, which reached a volume of 8 million units in 2019, is a major driver, propelling the market growth further. The car leasing industry is witnessing a healthy growth in regions like North America and Europe, with a rising trend of leasing cars by individuals and companies to save on the cost of purchasing a car and other overhead expenses. Due to the increasing issues of traffic and parking, more and more regions are shifting to car leasing from car buying to save on taxes and time. The demand for carpooling is also rising due to traffic issues, which is also driving the demand for car leasing as it is more manageable.
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Market Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Market Breakup by Lease Type:
- Closed Ended Lease
- Option to Buy Lease
- Sub-Vented Lease
- Others
Market Breakup by Service Provider Type:
- OEM
- Bank Affiliated
- Others
Market Breakup by Tenure:
- Short Term
- Long Term
Market Breakup by End-Use:
- Commercial
- Non-Commercial
Market Breakup by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- ALD Automotive Pvt Ltd
- Arval BNP Paribas Group
- LeasePlan
- Wheels, Inc. (MZTAD)
- ORIX Corporation (NYSE: IX)
- Volkswagen Financial Services (VOW.DE)
- Sixt Leasing (ETR: LNSX)
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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