Report Code: A13953 | Pages: NA | ||
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The automotive equipment leasing market consists of sales of automotive equipment renting or leasing services by entities (organizations, sole traders, and partnerships) that provide passenger cars and truck/vans, utility trailers, and recreational vehicles (RV) without drivers and utility trailers. These establishments generally operate a retail store-like facility for renting and leasing automotive equipment. Some automotive equipment rental and leasing companies offer short-term rental or long-term leases, while others supply both types of services. The automotive equipment leasing market is segmented into passenger car rental; passenger car leasing; and truck, utility trailer, and RV (recreational vehicle) rental and leasing. The Asia-Pacific market is expected to grow significantly in terms of CAGR throughout the forecast period, owing to increased availability of travel and tourism as well as increasing availability of high-end luxury & economy vehicles, especially across developing countries in this region.
COVID-19 Impact Analysis
Top Impacting Factors
Surge in adoption of auto leasing, increase in awareness about the benefits of leasing, and people shifting from purchase to vehicle leasing drive the growth of the market.
Cost of the original equipment at the time of collisions is anticipated to hinder the growth of the market
Rise in adoption of management software, and innovations in mobility technologies act as an opportunity for the market investments.
The Global Automotive Equipment Leasing Market Trends are as Follows:
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Surge in Awareness About the Benefits of Leasing
People Shifting from Purchase to Vehicle Leasing
Key Benefits of the Report:
Questions Answered in the Global Automotive Equipment Leasing Market Research Report:
Automotive Equipment Leasing Market Report Highlights
Aspects | Details |
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By Vehicle |
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By End User |
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By Mode |
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By Region |
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Key Market Players | Enterprise Holdings,, Blueline Rental,, The Hertz Corporation,, United Rental., Daimler Group,, Home Depot Rentals,, H&E Equipment Services,, Sunbelt Rental,, Avis Budget,, LeasePlan, |
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