Automobile Leasing Market Share, Key players, Growth Trend, and Forecast, 2020–2027

global automobile leasing market is expected to reach a substantially large market size in 2027 and register a high CAGR over the forecast period

NEW YORK, NY, UNITED STATES, February 14, 2022 /EINPresswire.com/ --
The recently published global Automobile Leasing Market research report by Reports and Data offers a comprehensive study of the industry landscape. The data presented is accurate, reliable, and a result of extensive research - both primary and secondary along with insightful inputs from key participants in the industry.  The research report has incorporated the analysis of different factors constituting trends, restraints, and drivers that can transform the market landscape. In-depth analysis of the key segments and regions demonstrates the types of automotive, volume of production and consumer demand associated with them.

Automobile leasing companies offer rental or leasing service for commuter cars and buses, utility trailers, and recreational vehicles, without drivers. In general, these companies run a retail store as a car equipment rental and leasing facility. The automobile leasing market has presence of organizations that rent or lease commuter cars and trucks without drivers and utility trailers. The lease of automobiles is regulated by a lease contract. This contract is a future performance contract between the lessor and the lessee. The lease contract can be in the form of operating leasing or finance leasing.

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Key companies operating in the market include: Enterprise Holdings, The Hertz Corporation, Avis Budget, Daimler Group and LeasePlan

With digitization, new business models and automation technologies, the dynamics of most industries have revolutionized and automotive industry is no exception. The four disruptive technology-driven trends in the automotive sector include diverse mobility, electrification, connectivity& shared mobility, and autonomous driving. Favourable government initiatives regarding the research and development for EVs, battery electric vehicle (BEV) and adoption of ZEVs is expanding the automotive mix on markets.

There is potential for growth across several areas, from the booming manufacturing and domestic markets in BRIC (Brazil, Russia, India and China) and other developing economies, to the research and development of ‘greener’ vehicles and fuels is expected to provide impetus to the global automotive market growth. The suppliers and OEMs are exploring growth prospects to capitalize on the evolution in the automotive sector by investing in innovative manufacturing of vehicles and their body parts. Increasing focus of automotive companies to improve efficiency, utilize alternative energy engines, and control cost will stimulate industry growth in the coming years.

Competitive Outlook:

This section of the global Automobile Leasing market industry identifies various key manufacturers of the market. It helps the reader understand the strategies that players are focusing on to combat competition in the market. The report provides a microscopic view of the market. The reader can identify the footprints of the manufacturers with their global revenue, and manufacturers and production in different regions. Key players, their strategies and developments are profiled for a better understanding of the competitive outlook of the market.

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For this study, Reports and Data has segmented the automobile leasing market based on service type and mode as follows.

By Service Type (Revenue, USD Million; 2017–2027)

Passenger Car Rental
Passenger Car Leasing
Truck, Utility Trailer and Recreational Vehicle Rental and Leasing

By Mode (Revenue, USD Million; 2017–2027)

Online
Offline

Global Automobile Leasing Market

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Tushar Rajput
Reports and Data
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