Auto Leasing Services Market Introduction and Overview
According to SPER Market Research, the Global Auto Leasing Services Market is estimated to reach USD 212.26 billion by 2033 with a CAGR of 8.44%.
The report includes an in-depth analysis of the Global Auto Leasing Services Market, including market size and trends, product mix, distribution channels, and supplier analysis. Auto leasing is the service of renting vehicles for a certain length of time, usually months or years, in exchange for regular payments. It is a car leasing alternative to vehicle ownership or finance in which the leasing firm retains ownership while the consumer uses the vehicle. Maintenance and warranty coverage are frequently included in auto leasing options.
- In February 2023: Mitsubishi HC Capital and ALD have agreed to form a joint venture to provide fleet management and multi-brand mobility solutions to the corporate sector. This agreement intends to harness both firms' capabilities in order to deliver new and customised mobility solutions to enterprises worldwide.
- Access to Diverse Vehicle Options: Auto leasing services provide customers with access to a wide range of vehicle options, including different makes, models, and trim levels. This variety allows customers to choose vehicles that best suit their needs and preferences without being tied to long-term ownership commitments. It enables individuals and businesses to experience a variety of vehicles and switch to newer models more frequently.
Market Opportunities and Challenges
The growing demand for electric vehicles (EVs) presents a significant market opportunity for the global auto leasing services industry. As governments worldwide are promoting the adoption of EVs to reduce carbon emissions, there is an increasing demand for EV leasing options. Auto leasing companies can capitalize on this opportunity by expanding their EV fleet offerings, providing attractive leasing terms for EVs, and investing in charging infrastructure. By positioning themselves as providers of sustainable and environmentally friendly transportation solutions, auto leasing companies can tap into a growing market segment and attract environmentally conscious customers.
The shifting regulatory landscape is one of the primary hurdles for the global vehicle leasing services industry. As governments introduce new consumer protection, taxes, and environmental legislation, leasing businesses must adjust their business models to comply. Adhering to complicated and constantly changing legislation can be difficult for vehicle leasing firms, necessitating investments in legal knowledge and operational changes. Failure to properly traverse the regulatory landscape can result in compliance concerns, reputational harm, and greater expenses, making it critical for vehicle leasing firms to remain up to date on regulatory changes and manage compliance challenges proactively.
Market Competitive Landscape
The Auto Leasing Services industry's competitive environment is dynamic and ever-changing, with new competitors joining the market and older firms responding to shifting customer demands and technology improvements. Some of the key players in the global Auto Leasing Services market include ALD Automotive, Arval Service Lease-SA, BMW Financial Services, Lex Autolease, Mercedes Benz Financial Services, SkoFIN s.r.o., Sumitomo Mitsui Auto Service, Volkswagen Leasing Services, Others. They have used a variety of techniques to develop a foothold and worldwide presence across the world, including new product launches, collaborations, partnerships, mergers and acquisitions, joint ventures and agreements.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Vehicle Type, By End-User
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| Regions covered | Asia-Pacific, Middle East and Africa, North America, Europe, Latin America
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| Companies Covered | ALD Automotive, Arval Service Lease-SA, BMW Financial Services, General Motors Financial Company Inc., LeasePlan Corporation, Leasys S.p.A., Lex Autolease, Mercedes Benz Financial Services, SkoFIN s.r.o., Sumitomo Mitsui Auto Service, Tokyo Century Corporation, Vantage Group, Volkswagen Leasing Services, Others |
COVID-19 Impact on Global Auto Leasing Services Market
The auto leasing services market has been impacted by remote work and travel restrictions, leading to reduced demand for commuting and business travel, causing companies to scale back their corporate fleet leasing requirements. Leasing companies have faced challenges during the pandemic and have implemented lease contract extensions, renegotiations, and payment deferrals to support customers, affecting their revenue and profitability. There has been a shift towards short-term leasing options as customers seek flexibility in uncertain times. While there is potential for recovery as vaccination efforts progress and economies reopen, the pace of recovery will vary by region.
Key Target Audience:
- Automotive Manufacturers and Dealerships
- Businesses and Corporate Clients
- Financial Institutions and Leasing Companies
- Fleet Management Companies
- Government and Public Sector
- Individuals and Consumers
- Insurance Companies
- Rental Car Companies
Our in-depth analysis of the Auto Leasing Services Market includes the following segments:
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By Type:
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Long Term Auto Leasing
Short Term Auto Leasing
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By Vehicle Type:
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Good Vehicles
Passenger Vehicles
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By End-User:
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Business
Individuals
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Key Topics Covered in the Report:
- Global Auto Leasing Services Market Size (FY’2023-FY’2033)
- Description of Global Auto Leasing Services Market
- Segmentation of Global Auto Leasing Services Market By Type (Long Term Auto Leasing, Short Term Auto Leasing)
- Segmentation of Global Auto Leasing Services Market By Vehicle Type (Good Vehicles, Passenger Vehicles)
- Segmentation of Global Auto Leasing Services Market By End-User (Business, Individuals)
- Statistical Snap of Global Auto Leasing Services Market
- Expansion Analysis of Global Auto Leasing Services Market
- Problems and Obstacles in Global Auto Leasing Services Market
- Competitive Landscape in the Global Auto Leasing Services Market
- Impact of COVID-19 and Demonetization on Global Auto Leasing Services Market
- Details on Current Investment in Global Auto Leasing Services Market
- Competitive Analysis of Global Auto Leasing Services Market
- Prominent Players in the Global Auto Leasing Services Market
- SWOT Analysis of Global Auto Leasing Services Market
- Global Auto Leasing Services Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Auto Leasing Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Auto Leasing Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Auto Leasing Services Market
7. Global Auto Leasing Services Market, By Type (USD Million)
7.1. Global Auto Leasing Services Market Value Share and Forecast, By Type, 2023-2033
7.2. Long Term Auto Leasing
7.3. Short Term Auto Leasing
8. Global Auto Leasing Services Market, By Vehicle Type (USD Million)
8.1. Global Auto Leasing Services Market Value Share and Forecast, By Vehicle Type, 2023-2033
8.2. Good Vehicles
8.3. Passenger Vehicles
9. Global Auto Leasing Services Market, By End-User (USD Million)
9.1. Global Auto Leasing Services Market Value Share and Forecast, By End-User, 2023-2033
9.2. Business
9.3. Individuals
10. Global Auto Leasing Services Market Forecast, 2019-2033 (USD Million)
10.1. Global Auto Leasing Services Market Size and Market Share
11. Global Auto Leasing Services Market, By Type, 2019-2033 (USD Million)
11.1. Global Auto Leasing Services Market Size and Market Share By Type (2019-2026)
11.2. Global Auto Leasing Services Market Size and Market Share By Type (2027-2033)
12. Global Auto Leasing Services Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Global Auto Leasing Services Market Size and Market Share By Vehicle Type (2019-2026)
12.2. Global Auto Leasing Services Market Size and Market Share By Vehicle Type (2027-2033)
13. Global Auto Leasing Services Market, By End-User, 2019-2033 (USD Million)
13.1. Global Auto Leasing Services Market Size and Market Share By End-User (2019-2026)
13.2. Global Auto Leasing Services Market Size and Market Share By End-User (2027-2033)
14. Global Auto Leasing Services Market, By Region, 2019-2033 (USD Million)
14.1. Global Auto Leasing Services Market Size and Market Share By Region (2019-2026)
14.2. Global Auto Leasing Services Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. ALD Automotive
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Arval Service Lease-SA
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. BMW Financial Services
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. General Motors Financial Company Inc.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. LeasePlan Corporation
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Leasys S.p.A.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Lex Autolease
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Mercedes Benz Financial Services
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. SkoFIN s.r.o.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Sumitomo Mitsui Auto Service
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Tokyo Century Corporation
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Vantage Group
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Volkswagen Leasing Services
15.13.1. Company details
15.13.2. Financial outlook
15.13.3. Product summary
15.13.4. Recent developments
15.14. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
