NEW YORK, Aug. 24, 2023 /PRNewswire/ — The vehicle leasing market in Europe is estimated to grow at a CAGR of 4.51% between 2022 and 2027. The size of the market is forecast to increase by USD 90.87 billion, according to Technavio – Request a sample report
Vehicle Leasing Market in Europe Insights –
Technavio has announced its latest market research report titled Vehicle Leasing Market in Europe
Companies: 15+, Including ALD SA, Allane SE, Arval Service Lease, Bayerische Motoren Werke AG, Central Contract S.O.T Ltd., Central UK Vehicle Leasing Ltd., Citroen Leasing of LMC, Deutsche Leasing AG, Europcar Mobility Group SA, ExpatRide International Inc., Groupe BPCE, King and Mayr GmbH and Co. KG, LeasePlan Corp. NV, Mercedes Benz Group AG, Millennium Leasing sp zoo, Peugeot Motor Co. Plc, PKO Bank Polski, Stellantis NV, and Volkswagen AG, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies
Segments: Mode of booking (online and offline), Type (passenger cars and commercial vehicles)
To understand more about the vehicle leasing market in Europe, request a sample report
Vehicle Leasing Market in Europe – Company Insights
The growing competition in the market is compelling companies to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market companies, including – ALD SA, Allane SE, Arval Service Lease, Bayerische Motoren Werke AG, Central Contract S.O.T Ltd., Central UK Vehicle Leasing Ltd., Citroen Leasing of LMC, Deutsche Leasing AG, Europcar Mobility Group SA, ExpatRide International Inc., Groupe BPCE, King and Mayr GmbH and Co. KG, LeasePlan Corp. NV, Mercedes Benz Group AG, Millennium Leasing sp zoo, Peugeot Motor Co. Plc, PKO Bank Polski, Stellantis NV, and Volkswagen AG.
Vehicle Leasing Market in Europe – Market Dynamics
Key Driver
The cost-effectiveness of leasing as a way of obtaining a vehicle is a key factor driving market growth. Many vehicle dealers offer specialized staff to help customers buy vehicles through loans. Outright acquisition of vehicles may not be financially safe for small and medium-sized enterprises (SMEs), as it can increase fixed costs. In addition, the vehicle rental option is more feasible. Leasing involves the lessee making monthly payments, plus additional fees and taxes, just for the duration of use, making it a convenient alternative. Hence, such factors are expected to drive market growth during the forecast period.
Major Trends
The rise in demand for leasing EVs to optimize vehicle performance and reduce emissions is a major trend in the market.
Significant Challenge
The challenge posed by on-demand taxi operators is a significant challenge restricting market growth.
The vehicle leasing market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.
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What are the key data covered in this Vehicle Leasing Market in Europe report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the vehicle leasing market between 2023 and 2027
Precise estimation of the size of the vehicle leasing market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the vehicle leasing market across Europe
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of vehicle leasing market companies
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Mode of Booking
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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SOURCE Technavio
