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Global Luxury Car Leasing Market Size, Trends and Growth Opportunity, By Type (Compact, Mid-Size, Full-Size, Luxury Crossovers, Minivans, Luxury SUVs), Rental Type (Business, Leisure), Term (Short-term rental, Long-term rental, Finance leasing), Category (Self-Driven, Chauffeur-Driven), Applications (Airport, Off-airport), End User (Local Usage, Airport Transport, Outstation, Others), Booking Mode (Online, Offline) By Region and forecast till 2027.


Report ID : IR100855 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 54

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  • Global Luxury Car Leasing Market Size, Trends and Growth Opportunity, By Type (Compact, Mid-Size, Full-Size, Luxury Crossovers, Minivans, Luxury SUVs), Rental Type (Business, Leisure), Term (Short-term rental, Long-term rental, Finance leasing), Category (Self-Driven, Chauffeur-Driven), Applications (Airport, Off-airport), End User (Local Usage, Airport Transport, Outstation, Others), Booking Mode (Online, Offline) By Region and forecast till 2027.
    Global Luxury Car Leasing Market
    Global Luxury Car Leasing Market was valued at USD 19.75 billion in 2021 and is slated to reach at USD 44.2 billion by 2027 at a CAGR of 12.6% from 2022-2027.
    Luxury car leasing primarily involves renting pricey luxury vehicles with unequalled levels of quality, comfort, and performance. These vehicles also have extravagant interiors, high-end equipment, and a reliable security system. These facilities are typically found close to busy intersections or airports.
    Market Drivers
    The desire for high-quality, dependable, and well-known travel services during travel has led to an increase in the installation of integrated automobile rental systems, which has had a further positive impact on the market's expansion. Major car leasing companies are emphasizing how they are using the trend to build their brands and distribution networks. Hence, it is anticipated that rising adoption of an integrated automobile rental system will propel market expansion. During the projection period, the luxury car leasing market will rise as a result of rising digitization. Consumers are rapidly embracing driverless vehicles on a significant basis. All of the market participants are providing various discounts for their services, which will encourage more people to reserve luxury automobile rentals. The vast majority of businesses are concentrating on offering autonomous automobiles to increase their profitability. The client experience has been enhanced thanks to autonomous vehicles.
    Market Restraints
    Since many consumers are unaware that luxury car leasing options exist, this is expected to pose a growth hurdle for the market during the forecast period. The world's underdeveloped countries do not have easy access to these amenities, and there are few automotive model choices. As a result, it is anticipated that all of these factors would restrain the growth of the luxury automobile leasing market over the forecast period.
    Impact of COVID-19
    The companies in luxury car rental industry across the globe is being affected severely due to the restrictions on travel as well as the declared lockdowns which in turn is affecting the luxury car rental services worldwide. Challenges that emerged from the worldwide lockdown are immense and insurmountable in many areas. With reduced global air traffic, demand for luxury rental cars has slowed down at airports as there were travel restrictions across the world to contain the spread of the virus. Also, rising prices of petrol and diesel in developing countries likely to hamper the growth of the market during the forecast period. The global crisis has merely accelerated the adoption of luxury rental cars. However, post-pandemic with safety and hygiene becoming the need of the hour, practices for disinfecting the car are followed meticulously. The need for Individual mobility and the social distancing norms is bound to improve the industry conditions. The subscription model has become the face of the luxury car rental industry in recent times. Since this model allows the customer to enjoy temporary ownership of the vehicle without worrying about additional costs such as maintenance and Insurance premiums etc.
    Recent Developments
    GoAir and Eco Europcar began a cooperation in 2021. Under their agreement, these businesses hope to introduce car leasing services at about 100 different locations throughout India, including at about 25 airports on GoAir's domestic network (VAS).
    Market Segmentation
    Global Luxury Car Leasing Market is segmented into By Type, Rental Type, Term, Category, Applications, End User, Booking Mode. By Type such as Compact, Mid-Size, Full-Size, Luxury Crossovers, Minivans, Luxury SUVs. By Rental Type such as Business, Leisure. By Term such as Short-term rental, Long-term rental, Finance leasing. By Category such as Self-Driven, Chauffeur-Driven. By Applications such as Airport, Off-airport. By End User such as Local Usage, Airport Transport, Outstation, Others. By Booking Mode such as Online, Offline.
    Regional Analysis
    Global Luxury Car Leasing Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the prevalence of cutting-edge technologies and the presence of numerous luxury car manufacturers in this region, North America now holds a dominant position in the luxury car leasing market in terms of revenue growth and market share. Over the predicted period of 2021–2027, Europe is expected to experience the quickest rate of development. This mostly involves increasing funding for the several commercial and military aviation programmers in this area.
    Key Players
    This report includes a list of numerous Key Players, namely Shenzhen Topone Car Rental Co. Ltd (China), Bettercar Rental (Dubai), National Car Rental (U.S.), LeasePlan (India), ALD Automotive (France), mychoize (India), Zoomcar India Private Limited (India), ORIX (Japan), Europcar (France), Localiza (Brazil).
    Market Taxonomy  
    By Type
    • Compact
    • Mid-Size
    • Full-Size
    • Luxury Crossovers,
    • Minivans
    • Luxury SUVs
    By Rental Type
    • Business
    • Leisure
    By Term
    • Short-term rental
    • Long-term rental
    • Finance leasing
    By Category
    • Self-Driven
    • Chauffeur-Driven
    By Applications
    • Airport
    • Off-airport
    By End User
    • Local Usage
    • Airport Transport
    • Outstation
    • Others
    By Booking Mode
    • Online
    • Offline
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa.


     

    Global Luxury Car Leasing Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Luxury Car Leasing Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Luxury Car Leasing Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global Luxury Car Leasing Market Share Analysis, By Type
    5.3 Global Luxury Car Leasing Market Size and Forecast, By Type
    5.3.1Internal Fixators Devices
    5.3.1. Compact
    5.3.2 Mid-Size
    5.3.3 Full-Size
    5.3.4 Luxury Crossovers,
    5.3.5 Minivans
    5.3.6 Luxury SUVs
    6 Global Luxury Car Leasing Market, By Rental Type
    6.1 Y-o-Y Growth Comparison, By Rental Type
    6.2 Global Luxury Car Leasing Market Share Analysis, By Rental Type
    6.3 Global Luxury Car Leasing Market Size and Forecast, By Rental Type
    6.3.1 Business
    6.3.2 Leisure
    7 Global Luxury Car Leasing Market, By Term
    7.1 Y-o-Y Growth Comparison, By Term
    7.2 Global Luxury Car Leasing Market Share Analysis, By Term
    7.3 Global Luxury Car Leasing Market Size and Forecast, By Term
    7.3.1 Short-term rental
    7.3.2 Long-term rental
    7.3.3 Finance leasing
    8 Global Luxury Car Leasing Market, By Category
    8.1 Y-O-Y Growth Comparison, By Category
    8.2 Global Luxury Car Leasing Market Share Analysis, By Category
    8.3 Global Luxury Car Leasing Market Size and Forecast, By Category
    8.3.1 Self-Driven
    8.3.2 Chauffeur-Driven

    9 Global Luxury Car Leasing Market, By Applications
    9.1 Y-O-Y Growth Comparison, By Applications
    9.2 Global Luxury Car Leasing Market Share Analysis, By Applications
    9.3 Global Luxury Car Leasing Market Size and Forecast, By Applications
    9.3.1 Airport
    9.3.2 Off-airport
    10 Global Luxury Car Leasing Market, By End User
    10.1 Y-O-Y Growth Comparison, By End User
    10.2 Global Luxury Car Leasing Market Share Analysis, By End User
    10.3 Global Luxury Car Leasing Market Size and Forecast, By End User
    10.3.1 Local Usage
    10.3.2 Airport Transport
    10.3.3 Outstation
    10.3.4 Others
    11 Global Luxury Car Leasing Market, By Booking Mode
    11.1 Y-O-Y Growth Comparison, By Booking Mode
    11.2 Global Luxury Car Leasing Market Share Analysis, By Booking Mode
    11.3 Global Luxury Car Leasing Market Size and Forecast, By Booking Mode
    11.3.1 online
    11.3.2 offline
    12Global Luxury Car Leasing Market, By Region
    12.1 Global Luxury Car Leasing Market Share Analysis, By Region
    12.2 Global Luxury Car Leasing Market Share Analysis, By Region
    12.3 Global Luxury Car Leasing Market Size and Forecast, By Region
    13 North America Luxury Car Leasing Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 North America Luxury Car Leasing Market Share Analysis, By Type
    13.3 North America Luxury Car Leasing Market Size and Forecast, By Rental Type
    13.4 North America Luxury Car Leasing Market Size and Forecast, By Term
    13.5 North America Luxury Car Leasing Market Size and Forecast, By Category
    13.6 North America Luxury Car Leasing Market Size and Forecast, By Applications
    13.7 North America Luxury Car Leasing Market Size and Forecast, By End User
    13.8North America Luxury Car Leasing Market Size and Forecast, By Booking Mode
    13.9North America Luxury Car Leasing Market Size and Forecast, By End User
    13.9 North America Luxury Car Leasing Market Size and Forecast, By Country
    13.9.1 U.S.
    13.9.2 Canada
    13.9.3 Mexico
    14EuropeLuxury Car Leasing Market Analysis and Forecast (2022-2027)
    14.1 Introduction
    14.2 Europe Luxury Car Leasing Market Share Analysis, By Type
    14.3 Europe Luxury Car Leasing Market Size and Forecast, By Rental Type
    14.4 Europe Luxury Car Leasing Market Size and Forecast, By Term
    14.5 Europe Luxury Car Leasing Market Size and Forecast, By Category
    14.6 Europe Luxury Car Leasing Market Size and Forecast, By Applications
    14.7 Europe Luxury Car Leasing Market Size and Forecast, By End User
    14.8 Europe Luxury Car Leasing Market Size and Forecast, By Booking Mode
    14.9 Europe Luxury Car Leasing Market Size and Forecast, By Country
    14.9.1 Germany
    14.9.2 France
    14.9.3 UK
    14.9.4. Rest of Europe
    15Asia Pacific Luxury Car Leasing Market Analysis and Forecast (2022-2027)
    15.1 Introduction
    15.2 Asia Pacific Luxury Car Leasing Market Share Analysis, By Type
    15.3 Asia Pacific Luxury Car Leasing Market Size and Forecast, By Rental Type
    15.4 Asia Pacific Luxury Car Leasing Market Size and Forecast, By Term
    15.5 Asia Pacific Luxury Car Leasing Market Size and Forecast, By Category
    15.6 Asia Pacific Luxury Car Leasing Market Size and Forecast, By Applications
    15.7 Asia Pacific Luxury Car Leasing Market Size and Forecast, By End User
    15.8 Asia Pacific Luxury Car Leasing Market Size and Forecast, By Booking Mode
    15.9 Asia Pacific Luxury Car Leasing Market Size and Forecast, By Country
    15.9.1 China 
    15.9.2 Japan
    15.9.3 India
    15.9.4. Rest of Asia Pacific
    16Latin America Luxury Car Leasing Market Analysis and Forecast (2022-2027)
    16.1 Introduction
    16.2 Latin America Luxury Car Leasing Market Share Analysis, By Type
    16.3 Latin America Luxury Car Leasing Market Size and Forecast, By Rental Type
    16.4 Latin America Luxury Car Leasing Market Size and Forecast, By Term
    16.5 Latin America Luxury Car Leasing Market Size and Forecast, By Category
    16.6 Latin America Luxury Car Leasing Market Size and Forecast, By Applications
    16.7 Latin America Luxury Car Leasing Market Size and Forecast, By End User
    16.8 Latin America Luxury Car Leasing Market Size and Forecast, By Booking Mode
    16.9 Latin America Luxury Car Leasing Market Size and Forecast, By Country
    16.9.1. Brazil
    16.9.2.Rest of Latin America
    17Middle East Luxury Car Leasing Market Analysis and Forecast (2022-2027)
    17.1 Introduction
    17.2 Middle East Luxury Car Leasing Market Share Analysis, By Type
    17.3 Middle East Luxury Car Leasing Market Size and Forecast, By Rental Type
    17.4 Middle East Luxury Car Leasing Market Size and Forecast, By Term
    17.5 Middle East Luxury Car Leasing Market Size and Forecast, By Category
    17.6 Middle East Luxury Car Leasing Market Size and Forecast, By Applications
    17.7 Middle East Luxury Car Leasing Market Size and Forecast, By End User
    17.8 Middle East Luxury Car Leasing Market Size and Forecast, By Booking Mode
    17.9 Middle East Luxury Car Leasing Market Size and Forecast, By Country
    17.9.1. Saudi Arabia
    17.9.2. UAE
    17.9.3. Egypt
    17.9.4. Kuwait
    17.9.5. South Africa
    18Competitive Analysis
    18.1 Competition Dashboard
    18.2 Market share Analysis of Top Vendors
    18.3 Key Development Strategies
    19Company Profiles
    19.1 Shenzhen Topone Car Rental Co. Ltd (China)
    19.1.1 Overview
    19.1.2 Offerings
    19.1.3 Key Financials
    19.1.4 Business Segment & Geographic Overview
    19.1.5 Key Market Developments
    19.1.6 Key Strategies
    19.2 Bettercar Rental (Dubai)
    19.2.1 Overview
    19.2.2 Offerings
    19.2.3 Key Financials
    19.2.4 Business Segment & Geographic Overview
    19.2.5 Key Market Developments
    19.2.6 Key Strategies
    19.3 National Car Rental (U.S.)
    19.3.1 Overview
    19.3.2 Offerings
    19.3.3 Key Financials
    19.3.4 Business Segment & Geographic Overview
    19.3.5 Key Market Developments
    19.3.6 Key Strategies
    19.4 LeasePlan (India)
    19.4.1 Overview
    19.4.2 Offerings
    19.4.3 Key Financials
    19.4.4 Business Segment & Geographic Overview
    19.5 Key Market Developments
    19.4.6 Key Strategies
    19.5 ALD Automotive (France)
    19.5.1 Overview
    19.5.2 Offerings
    19.5.3 Key Financials
    19.5.4 Business Segment & Geographic Overview
    19.5.5 Key Market Developments
    19.5.6 Key Strategies
    19.6 mychoize (India)
    19.6.1 Overview
    19.6.2 Offerings
    19.6.3 Key Financials
    19.6.4 Business Segment & Geographic Overview
    19.6.5 Key Market Developments
    19.6.6 Key Strategies
    19.7 Zoomcar India Private Limited (India)
    19.7.1 Overview
    19.7.2 Offerings
    19.7.3 Key Financials
    19.7.4 Business Segment & Geographic Overview
    19.7.5 Key Market Developments
    19.7.6 Key Strategies 
    19.8 ORIX (Japan)
    19.8.1 Overview
    19.8.2 Offerings
    19.8.3 Key Financials
    19.8.4 Business Segment & Geographic Overview
    19.8.5 Key Market Developments
    19.8.6 Key Strategies
    19.9 Europcar (France)
    19.9.1 Overview
    19.9.2 Offerings
    19.9.3 Key Financials
    19.9.4 Business Segment & Geographic Overview
    19.9.5 Key Market Developments
    19.9.6 Key Strategies
    19.10 Localiza (Brazil)
    19.10.1 Overview
    19.10.2 Offerings
    19.10.3 Key Financials
    19.10.4 Business Segment & Geographic Overview
    19.10.5 Key Market Developments
    19.10.6 Key Strategies