Published Date : Apr 10, 2018
Albany, New York, Apr 10, 2018: Auto leasing is gradually picking pace around the world. Growth trends are likely to climb higher in the coming years thus giving impetus to the global auto leading market. MarketResearchReports.biz has announced adding a report, titled “Global Auto Leasing Market Size, Status and Forecast 2025,” to its ever increasing repertoire, which presents insights into various factors influencing the market’s trajectory. The report is intended at offering a closer look into the various strategies adopted by the market players and regulations implemented by policymakers that are affecting growth.
In the coming years, the world will witness a rise in auto leasing primarily driven by the rising demand for goods that require finances. Furthermore, as industries get bigger, the demand for efficient transportation will rise in response. Investing in fleet can prove a highly expensive affair. Leasing on the other hand enable companies take advantage of having modes of transport at disposal without having to shell out heavy expenses on purchase and maintenance of heavy vehicles. Likewise, the market is expected to witness a surge in the demand for luxury cars as consumers get more confident about their economic stability. These factors together will enable the global auto-leasing market exhibit a robust growth in the forthcoming years.
Growth witnessed in the luxury car segment is especially driven by the rising interest of millennial about latest technologies even if it as the cost of losing out on long-term financial gains of purchasing a car. With the advent of novel mobility concepts, auto leasing has become increasingly popular. This is expected to enable the market gain significant traction in the coming years. Also the market is forecast to benefit from the launch of the latest technologies. For instance, the launch of telematics enabled companies monitor the usage of leased vehicle on a particular job. Furthermore, these technologies have become increasingly popular among companies as they help improving their overall operational efficiency. Besides this, in-car navigation technologies were introduced to keep a track of leased vehicles.
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In the coming years, the global auto leading market is projected to grow at a steady annualized rate. Thanks to favorable economic conditions, industry operators have been posting consistent revenue over the last few years. Vehicle sales have also improved over the past. The rising disposable income of customers, increasing access to credit, and lower interest rates are driving the global auto leasing market.
Besides studying the various factors affecting the market’s trajectory, the report also segments it based on various parameters. For instance, the global auto leasing market is classified into short-term rentals, long-term rentals, and finance leasing in terms of type. Based on application, the global market has been bifurcated into commercial customers and non-commercial customers. Regionally, the United States, EU, China, India, Japan, and Southeast Asia make the key segments in the global auto leasing market.
The report also profiles companies such as Avis Budget Group, ALD Automotive, Advantage Rent A Car, Localiza, LeasePlan, Unidas, Sixt, and others.
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