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Car Leasing Market Outlook
The leasing service across the globe is seen as a solution to the growing problems faced by companies for their mobility needs, which include vehicle funding maintenance and, more importantly, residual risk handling. The automobile owning companies offer their fleet to other manufacturing companies on lease to transport their goods and products, for which they prefer to lease a fleet from leasing companies. Leasing the automobile is generally preferred by corporates as a hassle-free mobility service that includes, on-demand mobility, and after-service facilities.
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Some of the factors that boost the market growth include growing awareness about the benefits of leasing and people shifting from purchase to vehicle leasing. Moreover, cost of the original equipment at the time of collisionis anticipated to hamper the growth of the market. Furthermore, government policies declared to increase the use of car leasing at various levels are expected to offer lucrative opportunities for the market growth shortly.
The car leasing market trends are as follows:
Surge in awareness about the benefits of leasing
Rapid expansion of several other industries globally and internationally has rapidly expanded the shared mobility market to travel in different parts of the country. The increase in use of car leasing by corporate has rapidly increased the awareness among common people seeking the advantages they are getting over other available options. This fosters the market growth during the forecast period.
People shifting from purchase to vehicle leasing
Increase in traffic and pollution in most developed cities has encouraged buyers not to buy their personal vehicles and either use shared mobility or lease an automobile for the required amount of time in exchange for timely payment of rentals. This is anticipated to boost the market growth during the forecast period.
Key benefits of the report:
Questions answered in the car leasing market research report:
Car Leasing Market Report Highlights
Aspects | Details |
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By Lease |
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By Vehicle |
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By End-user |
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By Region |
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Key Market Players | Emkay., Sixt Leasing, Caldwell Leasing, Merchants, Avis Budget Group Inc, Ewald Automotive Group, Wilmar Inc., Element Management Corp., United Leasing & Finance, Enterprise Holdings |
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