Car Leasing Market Witnesses Accelerated Growth Across the Globe with Increasing Affordability

Published Date : Jul 17, 2017

Albany, New York, July 17, 2017: recently announced the addition of a new research report to its ever-growing repository. The research report, titled “Global Car Leasing Market 2017-2021,” discusses the strengths, restraints, threats, and opportunities influencing the global market. It also sheds light on how the historical events have come to shape the trajectory of the global car leasing market. It explains the changing consumer behavioral patterns and their impact on the car leasing market across the world. It discusses the changing income levels over the years of consumers, rise in travel, and benefits of renting vehicles over buying. The research report offers a comprehensive outlook of the overall market and offers a detailed understanding of the course it is likely to take in the coming four years.

According to the research report, the global car leasing market is likely to grow at a CAGR of 12.61% during the forecast period of 2017 and 2021. Analysts attribute this growth to the convenience leasing of cars provides. It provides the users a chance for easy replacement of cars along with several cost-saving advantages. The primary reason for the flourishing car leasing market is continuous addition of new and luxury vehicles to the fleet of rental cars. Furthermore, several rental companies are providing hassle-free services with an option of emergency booking, which works in favor of several consumers to have opt for last-minute bookings. Value you added services such as Wi-Fi have also augmented the growth of the global car leasing market across the world.

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In terms of geography, the global car leasing market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, North America is likely to lead the global market in the coming years. The popularity of rental cars and car-sharing services is expected to support the regional market’s growth. Furthermore, the increasing affordability of car rentals and improving accessibility are also likely to bolster the market growth. Analysts expect Canada to play an instrumental role in shaping the future of North America car leasing market. The growing of tourists in the country are expected to be the key contributors to the revenue of the regional car leasing market in the coming years.

Some of the key operating players in the global car leasing market are BT Fleet, ALD Automotive, Arval, ExpatRide, LeasePlan, Sixt, Daimler Fleet Management, Free2Move Lease, Hitachi Capital Vehicle Solutions, Masterlease, and Inchcape Fleet Solutions. The research report thoroughly studies the competitive landscape present in the global car leasing market and evaluates the various factors impacting the intensity of competition. It analyzes the threat from new entrants in the market and the impact of bargaining power of buyers on the overall competition. The publication includes an assessment of the business and marketing strategies being adopted by the companies operating in the global car leasing market.

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