Global Leasing Market Report (2021 to 2030) – COVID-19 Impact and Recovery – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Leasing Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global leasing market as it emerges from the COVID-19 shut down.
The global leasing market is expected to grow from $1185. 17 billion in 2020 to $1355. 63 billion in 2021 at a compound annual growth rate (CAGR) of 14. 4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1836. 74 billion in 2025 at a CAGR of 8%.
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Asia Pacific was the largest region in the global leasing market, accounting for 36% of the market in 2020. North America was the second largest region accounting for 32% of the global leasing market. Africa was the smallest region in the global leasing market.
Internet of things technology is widely being used by car rental and leasing companies to maintain and manage fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. According to Business Insider, number of IoT connected cars on the road are expected to increase from 36 million in 2015 to around 381 million by 2020. Furthermore, approximately 94 million IoT connected cars are expected to be shipped in 2021, which is likely to be 82% of all cars shipped. Using IoT technology, car leasing companies are able to access odometer and diagnostic trouble codes (DTCs) in real time that facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking of door help avoid management of large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs.
The emergence of startups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which are often highly priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the market. The number of startups in India is expected to increase to 10,500 by 2020, a 4000 increase from the current number, depicting new opportunities for the leasing market in the client expansion and revenue generation.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Leasing Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Leasing Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Leasing Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Leasing Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Leasing Market Trends and Strategies
8. Impact of COVID-19 on Leasing
9. Leasing Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Leasing Market Regional Analysis
10.1. Global Leasing Market, 2020, by Region, Value ($ Billion)
10.2. Global Leasing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Leasing Market, Growth and Market Share Comparison, by Region
11. Leasing Market Segmentation
11.1. Global Leasing Market, Segmentation by Type
11.2. Global Leasing Market, Segmentation by Mode
12. Leasing Market Segments
12.1. Global Automotive Equipment Leasing Market, Segmentation by Type
12.2. Global Consumer Goods and General Rental Centers Market, Segmentation by Type
12.3. Global Machinery Leasing Market, Segmentation by Type
12.4. Global Lessors of Nonfinancial Intangible Assets Market, Segmentation by Type
13. Leasing Market Metrics
13.1. Leasing Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Leasing Market Expenditure, 2015-2025, Global
For more information about this report visit https://www.researchandmarkets.com/r/iv8g13
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