Car Leasing Market 2020-2024 | Rising Technological Obsolescence of Older Cars to Boost Growth | Technavio

Technavio has been monitoring the car leasing market and it is poised to grow by 18.38 mn units during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Car Leasing Market 2020-2024 (Graphic: Business Wire)

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. ALD SA, Arval Service Lease, Athlon Car Lease International BV, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Europcar Mobility Group SA, Hertz Global Holdings Inc., LeasePlan Corporation NV, and Sixt SE are some of the major market participants. Although the rising technological obsolescence of older cars will offer immense growth opportunities, limited customer awareness will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rising technological obsolescence of older cars has been instrumental in driving the growth of the market. However, limited customer awareness might hamper market growth.

Car leasing market 2020-2024 : Segmentation

Car leasing market is segmented as below:

• End-user
  • Commercial Customers
  • Non-commercial Customers
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Car leasing market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our car leasing market report covers the following areas:

• Car leasing market size
• Car leasing market trends
• Car leasing market industry analysis

This study identifies the emergence of car leasing as an effective means of personal transportation for businesses as one of the prime reasons driving the car leasing market growth during the next few years.

Car leasing market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the car leasing market, including some of the vendors such as ALD SA, Arval Service Lease, Athlon Car Lease International BV, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Europcar Mobility Group SA, Hertz Global Holdings Inc., LeasePlan Corporation NV, and Sixt SE. Backed with competitive intelligence and benchmarking, our research reports on the car leasing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Car leasing market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist car leasing market growth during the next five years
• Estimation of the car leasing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the car leasing market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of car leasing market vendors

Table Of Contents :

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user by Volume

• Market segments
• Comparison by End-user by volume placement
• Commercial customers - Market size and forecast 2019-2024 ($ millions)
• Non-commercial customers - Market size and forecast 2019-2024 ($ millions)
• Market opportunity by End-user by volume

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ALD SA
• Arval Service Lease
• Athlon Car Lease International BV
• Avis Budget Group Inc.
• Deutsche Leasing AG
• Enterprise Holdings Inc.
• Europcar Mobility Group SA
• Hertz Global Holdings, Inc.
• LeasePlan Corporation NV
• Sixt SE

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005681/en/