Fleet Vehicle Leasing Market Size will Grow Profitably and Estimates Strong Development by 2025

Fleet Vehicle Leasing Market Size will Grow Profitably and
Estimates Strong Development by 2025
Leasing of vehicles is seen as a resolution to the increasing problems faced by
organizations for their mobility needs as well as, funding, vehicles, maintenance of
fleet and more significantly, residual risk handling. Businesses and large corporates,
in the current market scenario, are focused on their core products and services and
likes to outsource all other support activities. Mobility is a significant cost factor
which necessitates resource in terms of time and money. From factors ranging from
purchasing of fleet to re-marketing at a superior price, and for each of the in-between
sections of the value chain, problems such as indiscretions in fleet maintenance,
utilization mismatches, as unnecessary cost spikes, and risks of depressions in
lingering value can crop up, unless an expert team is on the job. Companies generally
prefer chartering the fleet as it offers a hassle-less mobility service such as fleet afterservice and on-demand mobility, facilities, among others. Thus, the above-mentioned
demand of hassle-free mobility services drives growth and gives the leasing market a
regulated and structured ecosystem.
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There are various rends prevailing in the global fleet vehicle leasing market which
would bring about a transformational change in the industry. Current trend in fleet
vehicle lease market in North America and Europe is exhibiting a strong growth in the
region owing to hassle free experience. However, telematics offered by fleet leasing
companies is further adding to its burgeoning demand in the market. Additionally,
adoption of blockchain technology in fleet vehicle leasing market has leapfrogged the
leasing market by enabling a faster and paperless smart contract system. Additionally,
it is expected that during that forecast period, electric vehicle (EV) leasing is also
going to gain market traction.
Fleet Vehicle Leasing Market Taxonomy
On the basis of Lease Type, Fleet Vehicle Leasing Market is segmented into:
1. Open-end Leasing
2. Close-end Leasing
On the basis of End-use Industry, Fleet Vehicle Leasing Market is segmented
into:
1. IT Industry
2. Food and Beverage Industry
3. Pharmaceuticals Industry
4. Transportation and Logistics
5. Others
On the basis of Vehicle Type, Fleet Vehicle Leasing Market is segmented into:
1. Passenger Cars
2. Light Commercial Vehicle (LCV)
The IT industry is the prime end user of fleet vehicle leasing, owing to their large
employee base. For instances, IT industry consists of various shift times which
requires the company to provide pick-up and drop services to their employees.
Passenger cars are expected to hold a prime position of the market owing to the rise
in demand for company car terminology.
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Fleet Vehicle Leasing Market Outlook
North America is expected to hold a prime share in the fleet vehicle leasing market
owing to the prevalence of large IT based companies as well as a strong foothold in
pharmaceutical and transportation and logistics sector. Europe was the second largest
region in the global market in 2017, owing to rising IT population and by realizing the
advancements of leasing fleet vehicles instead of owning them by other end users
present in the region.
Asia Pacific is expected to be a lucrative market for fleet vehicle leasing market,
owing to increasing adoption of fleet vehicle outsourcing by IT companies operating
in the region.
Some of the players operating in the global fleet vehicle leasing market include ALD
Automotive, Arval, LeasePlan Corporation, ARI and Donlen Corporation among
others.
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Fleet Vehicle Leasing Market By End User (IT, Food And Beverage, Pharmaceutical, Transportation And Logistics And Others), Vehicle Type (Passenger Cars And Light Commercial Vehicle (LCV)) And By Lease Type (Open-End Leasing And Close-End Leasing)

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