Global Automotive Fleet Leasing Market Size, Share & Trends Analysis Report, By Type (Open-Ended, Close Ended), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region, And Segment Forecasts, Till – 2030
Report ID : IR10028 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 120
Market Overview
According to Intellistic Research, the global automotive fleet leasing market estimated at USD 25 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 5.53% from 2023 to 2030. Key players in the automotive fleet leasing market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic automotive fleet leasing market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis.
AUTOMOTIVE FLEET LEASING MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS
Increasing Awareness Regarding Vehicle Fleet Leasing Driving The Market Growth
Rising awareness regarding vehicle fleet leasing advantages along with the expansion of global vehicle producers and manufacturers into developing as well as developed countries is anticipated to propel the demand for automotive fleet leasing during the forecast period.
The trend of adoption of many organizations to lease fleet vehicles is increasing. Leasing saves extra cost such as managing and maintaining costs, expense of fuel, drivers, and other staff, management systems, and parking space which costs considerably lower than owning a fleet. This factor is driving the market. The sales of vehicles have been encouraged by automaker financing with lower interest rates and competitive retail pricing of vehicles by new automakers is providing huge growth opportunities to the market. Also, there are tax advantages to leasing vehicles. Services such as vehicle registration and title monitoring will save the costs of penalties and fines. These factors drive the market.
Restrictions and Complexities Restraint The Market Growth
There are some challenges faced and restraints faced which shall hinder the overall automotive fleet leasing market growth. The restrictions and complexities in the automotive fleet leasing agreement are expected to restrain the market growth. Also, volatility of fuel cost is a major factor, which restrains the growth of the market. There are also restrictions in leasing agreement and manufacturers are spending more time making sure everything is right before they launch a vehicle, this can create some delays in order delivery.
Also, expense involved in replacing with OEMs at the time of collision, are some of major factors which restrain the growth of the automotive vehicle fleet leasing market.
How are Segments Performing in the Global Automotive Fleet Leasing Market?
Automotive Fleet Leasing Type Segment Breakdown
According to Intellistic Research, the Automotive Fleet Leasing market by type is segmented into Open-Ended, and Close Ended
Automotive Fleet Leasing Vehicle Type Segment Breakdown
According to Intellistic Research, based on vehicle type the market is bifurcated into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles
Automotive Fleet Leasing Geographic Exploration
According to Intellistic Research, the North America region is predicted to dominate the market, as North America is a hub of top and leading food and beverages industries, construction industries. Also, North America is considered as a numbers of fleet leasing companies. Adoption rate of fleet leasing is increases as rise in food and beverage market in this region.
Other regions competing in the market are North America, Europe, Middle East and Africa, and Latin America respectively.
COMPETITIVE LANDSCAPE & RECENT DEVELOPMENT: AUTOMOTIVE FLEET LEASING
The competitive landscape of the market is consolidated. The significant players rapidly evolve with new strategies to attain a competitive edge and capture significant market share.
Noticeable Players Functioning in The Global Automotive Fleet Leasing Market Include:
• Element Fleet Management
• ARI
• Jim Pattison Lease
• Caldwell fleet leasing
• PRO Leasing Services
• Wheel Inc.
• Doering Fleet Management
• Velcor Leasing Corporation
• Glesby Marks
• AutoFlex AFV
KEY BREAKDOWN: AUTOMOTIVE FLEET LEASING MARKET
By Type:
• Open-Ended
• Close Ended
By Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Geographical Exploration:
• North America
o The USA
o Canada
o Mexico
• Europe
o Germany
o France
o U.K.
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
Global Automotive Fleet Leasing Market TOC:
1. Research Methodology
1.1. Global Automotive Fleet Leasing Market Snapshot, 2023 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Cumulative Impact due to Recent Energy Crisis
3.2.6. Cumulative Impact due to Nearing Economic Downturn
3.2.7. Post Covid-19 World Supply & Demand Conditions
3.2.8. Cumulative Impact of Russia-Ukraine Conflict
3.2.9. Key Trends
3.3. Automotive Fleet Leasing Market: Value Chain
3.3.1. List of Raw Material Supplier
3.3.2. List of Manufacturers
3.3.3. List of Applications
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Automotive Fleet Leasing Market Outlook: Forecast (2023 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2023–2030
4.3. Global Automotive Fleet Leasing Market Outlook: Type
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast Type, 2023 – 2030
4.3.2.1. Open-Ended
4.3.2.2. Close Ended
4.4. Global Automotive Fleet Leasing Market Outlook: Vehicle Type
4.4.1. Introduction / Key Findings
4.4.2. Market Size (US$ Mn) and Forecast By Vehicle Type, 2023 – 2030
4.4.2.1. Passenger Cars
4.4.2.2. Light Commercial Vehicles
4.4.2.3. Heavy Commercial Vehicles
5. Global Automotive Fleet Leasing Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Automotive Fleet Leasing Market Outlook: Forecast (2023 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022
6.3.1. By Country
6.3.2. By Type
6.3.3. By Vehicle Type
6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
6.5.1. Open-Ended
6.5.2. Close Ended
6.6. Market Size (US$ Mn) and Forecast By Vehicle Type, 2023 – 2030
6.6.1. Passenger Cars
6.6.2. Light Commercial Vehicles
6.6.3. Heavy Commercial Vehicles
7. Europe Automotive Fleet Leasing Market Outlook: Forecast (2023 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
7.3.1. By Country
7.3.2. By Type
7.3.3. By Vehicle Type
7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
7.5.1. Open-Ended
7.5.2. Close Ended
7.6. Market Size (US$ Mn) and Forecast By Vehicle Type, 2023 – 2030
7.6.1. Passenger Cars
7.6.2. Light Commercial Vehicles
7.6.3. Heavy Commercial Vehicles
8. Asia Pacific Automotive Fleet Leasing Market Outlook: Forecast (2023 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
8.3.1. By Country
8.3.2. By Type
8.3.3. By Vehicle Type
8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
8.5.1. Open-Ended
8.5.2. Close Ended
8.6. Market Size (US$ Mn) and Forecast By Vehicle Type, 2023 – 2030
8.6.1. Passenger Cars
8.6.2. Light Commercial Vehicles
8.6.3. Heavy Commercial Vehicles
9. Latin America Automotive Fleet Leasing Market Outlook: Forecast (2023 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
9.3.1. By Country
9.3.2. By Type
9.3.3. By Vehicle Type
9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
9.5.1. Open-Ended
9.5.2. Close Ended
9.6. Market Size (US$ Mn) and Forecast By Vehicle Type, 2023 – 2030
9.6.1. Passenger Cars
9.6.2. Light Commercial Vehicles
9.6.3. Heavy Commercial Vehicles
10. Middle East & Africa Automotive Fleet Leasing Market Outlook: Forecast (2023 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030
10.3.1. By Country
10.3.2. By Type
10.3.3. By Vehicle Type
10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030
10.5.1. Open-Ended
10.5.2. Close Ended
10.6. Market Size (US$ Mn) and Forecast By Vehicle Type, 2023 – 2030
10.6.1. Passenger Cars
10.6.2. Light Commercial Vehicles
10.6.3. Heavy Commercial Vehicles
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. Element Fleet Management
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. ARI
11.3.3. Jim Pattison Lease
11.3.4. Caldwell fleet leasing
11.3.5. PRO Leasing Services
11.3.6. Wheel Inc.
11.3.7. Doering Fleet Management
11.3.8. Velcor Leasing Corporation
11.3.9. Glesby Marks
11.3.10. AutoFlex AFV