Automotive Fleet Leasing Market Global Growth, Size, Trends and Analysis 2034
Global Automotive Fleet Leasing Market Growth, Size, Trends Analysis - By Lease Type, By Vehicle Type, By Passenger Cars Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: AMIN2529 | Pages: 1 - 244 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Fleet Leasing Market Introduction and Overview
According to SPER Market Research, the Global Automotive Fleet Leasing Market is estimated to reach USD 49.44 billion by 2034 with a CAGR of 6.28%.
The report includes an in-depth analysis of the Global Automotive Fleet Leasing Market, including market size and trends, product mix, Vehicle Types, and supplier analysis. The global automotive fleet leasing market is growing as businesses seek cost-effective mobility solutions, improved operational efficiency, and reduced maintenance expenses. Key drivers include rising corporate demand for fleet leasing, increasing adoption of electric vehicles (EVs), and advancements in telematics and fleet management technologies. Additionally, flexible leasing options and supportive government policies encourage market expansion. However, challenges such as high initial costs, fluctuating fuel prices, and regulatory complexities across regions hinder growth. Residual value risks and limited EV charging infrastructure also pose barriers, especially for companies transitioning to sustainable mobility solutions. Despite these challenges, the market continues to evolve with digitalization and green initiatives shaping the future of fleet leasing.
By Lease Type Insights
There are two types of leases in the automotive fleet leasing market segmentation: open-ended and closed-ended. In 2021, the open-ended sector accounted for the majority of the revenue generated by the automotive fleet leasing market. This is mostly because open-ended leases are used mostly for leasing commercial business automobile fleets and offer considerable control over the usage and disposal of assets. Closed ended, on the other hand, is the category that is expected to expand the fastest throughout the forecast period since it enables businesses to build big fleets of automobiles and spread out their costs over a number of years.
By Vehicle Type Insights
Passenger cars, LCVs, and HCVs are included in the market segmentation for automotive fleet leasing based on vehicle type. In 2021, the market was dominated by the passenger car sector, which is expected to increase at the fastest rate throughout the 2022-2030 forecast period. This is because as per capita wealth rises, so does the number of passenger automobiles in emerging nations. However, because significant corporations are adopting electric vehicles more quickly, LCV is the category with the fastest growth during the predicted period.
By Passenger Cars Type Insights
Passenger car types have been separated into SUVs, hatchbacks, and sedans in the Automotive Fleet Leasing market data. The market was dominated by the SUV segment in 2021, and it is anticipated to grow at the fastest rate throughout the 2022–2030 forecast period. SUV dominance is a result of a strong vehicle, a powerful engine, and high ground clearance. The fastest-growing category, however, is sedans since EV and hybrid technology are becoming more and more popular.
By Regional Insights
The automobile fleet leasing market in North America held a significant percentage of the market in 2021 and is anticipated to increase at a substantial compound annual growth rate (CAGR) during the course of the research. This is explained by the existence of major international manufacturing sectors, indicating that the area will maintain its market dominance during the projection period. Additionally, the US market accounted for the greatest portion of the North American vehicle fleet leasing market, while the Canada market grew at the fastest rate.
Market Competitive Landscape
The major trend in the global automotive fleet leasing market includes the rise of electric vehicle leasing, integration of telematics and AI, flexible subscription models, focus on sustainability, increasing digitization, and growing demand for mobility-as-a-service (MaaS) solutions. Some of the key market players are AutoFlex AFV, ARI, Caldwell Fleet Leasing, Glesby Marks, Jim Pattison Lease, LeasePlan Corporation N.V., PRO Leasing Services, Sixt Leasing SE, Velcor Leasing Corporation, Wheel, Inc.
Recent Developments:
In January 2021, Altrad Services UK established a strategic relationship with Trakm8, a renowned leader in telematics data, to use Trakm8 technology to improve fleet safety. The partnership significantly improved the fleet drivers' ability to combat poor driving and blowout best practices.
In September 2022, in collaboration with SK On, a fully owned subsidiary of SK Innovation, a South Korean battery manufacturer, Ford Motor Company began construction on BlueOval, a USD 5.6 billion EV manufacturing facility. The facility will produce batteries and a new electric truck in West Tennessee, USA.
In September 2023, Flex Fleet Rental was thrilled to share a major development that might completely transform the North American commercial vehicle rental market. Kaizen Automotive Group, a pioneer in cutting-edge automotive solutions, has purchased the company.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Lease Type, By Vehicle Type, By Passenger Cars Type |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | AutoFlex AFV, ARI, Caldwell Fleet Leasing, Glesby Marks, Jim Pattison Lease, LeasePlan Corporation N.V., PRO Leasing Services, Sixt Leasing SE, Velcor Leasing Corporation, Wheel, Inc. |
Key Topics Covered in the Report
- Global Automotive Fleet Leasing Market Size (FY’2021-FY’2034)
- Overview of Global Automotive Fleet Leasing Market
- Segmentation of Global Automotive Fleet Leasing Market By Lease Type (Open Ended, Close Ended)
- Segmentation of Global Automotive Fleet Leasing Market By Vehicle Type (Passenger Cars, LCV, HCV)
- Segmentation of Global Automotive Fleet Leasing Market By Passenger Cars Type (SUV's, Hatchback, Sedan)
- Statistical Snap of Global Automotive Fleet Leasing Market
- Expansion Analysis of Global Automotive Fleet Leasing Market
- Problems and Obstacles in Global Automotive Fleet Leasing Market
- Competitive Landscape in the Global Automotive Fleet Leasing Market
- Details on Current Investment in Global Automotive Fleet Leasing Market
- Competitive Analysis of Global Automotive Fleet Leasing Market
- Prominent Players in the Global Automotive Fleet Leasing Market
- SWOT Analysis of Global Automotive Fleet Leasing Market
- Global Automotive Fleet Leasing Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
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.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Automotive Fleet Leasing Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Fleet Leasing Market
7.Global Automotive Fleet Leasing Market, By Lease Type (USD Million) 2021-2034
7.1.Open Ended7.2.Close Ended
8.Global Automotive Fleet Leasing Market, By Vehicle Type (USD Million) 2021-2034
8.1.Passenger Cars8.2.LCV8.3.HCV
9.Global Automotive Fleet Leasing Market, By Passenger Cars Type (USD Million) 2021-2034
9.1.SUVs9.2.Hatchback9.3.Sedan
10.Global Automotive Fleet Leasing Market, 2021-2034 (USD Million)
10.1.Global Automotive Fleet Leasing Market Size and Market Share
11.Global Automotive Fleet Leasing Market, By Region, 2021-2034 (USD Million)
11.1.Asia-Pacific11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific11.2.Europe11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe11.3.Middle East and Africa11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa11.4.North America11.4.1.Canada11.4.2.Mexico11.4.3.United States11.5.Latin America11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.AutoFlex AFV (U.S.)12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments12.2.ARI (New Jersey)12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments12.3.Caldwell Fleet Leasing (U.S.)12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments12.4.Glesby Marks (Texas)12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments12.5.Jim Pattison Lease (Canada)12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments12.6.LeasePlan Corporation N.V. (Netherlands)12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments12.7.PRO Leasing Services (U.S.)12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments12.8.Sixt Leasing SE (Germany)12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments12.9.Velcor Leasing Corporation (U.S.)12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments12.10.Wheel, Inc. (U.S.)12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
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.
Frequently Asked Questions About This Report
the Automotive Fleet Leasing Market size from 2025. The Market is expected to reach USD 843.95 by 2034, at a CAGR of 6.28% during the forecast period.
the Automotive Fleet Leasing Market is projected to reach USD 49.44 by 2034, growing at a CAGR of 6.28% during the forecast period.
the Automotive Fleet Leasing Market CAGR of 6.28% during the forecast period.
You can get the sample pages by clicking the link - Click Here
the Automotive Fleet Leasing Market size is USD 843.95 from 2025 to 2034.
the Automotive Fleet Leasing Market covered By Lease Type, By Vehicle Type, By Passenger Cars Type
The North America is anticipated to have the highest Market share in the Automotive Fleet Leasing Market .
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AutoFlex AFV, ARI, Caldwell Fleet Leasing, Glesby Marks, Jim Pattison Lease, LeasePlan Corporation N.V., PRO Leasing Services, Sixt Leasing SE, Velcor Leasing Corporation, Wheel, Inc.
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The report includes an in-depth analysis of the Global Automotive Fleet Leasing Market, including market size and trends, product mix, Vehicle Types, and supplier analysis.
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