Machinery Leasing Global Market Report 2023: Featuring United Rentals, Tokyo Century, Ashtead Group, Fuyo General Lease & Berkshire Hathaway - ResearchAndMarkets.com

The "Machinery Leasing Global Market Opportunities and Strategies to 2032" report has been added to ResearchAndMarkets.com's offering.

The global machinery leasing market reached a value of nearly $375,304.94 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.91% since 2017. The market is expected to grow from $375,304.94 million in 2022 to $ 569,340.83 million in 2027 at a rate of 8.69%. The market is then expected to grow at a CAGR of 8.95% 2027 and reach $ 873,875.57 million in 2032.

Growth in the historic period resulted from strong economic growth, growth in the manufacturing industry, growing demand from the automobile industry and growing demand from the increasing construction activities. Factors that negatively affected growth in the historic period were coronavirus pandemic, fluctuating metal prices and reduction in free trade.

Going forward, rising healthcare expenditure, rising demand from agricultural industry, increasing number of drilling activities are expected to drive the market. Rise in interest rates and rising skilled labor shortage are major factors that could hinder the growth of the machinery leasing market in the future.

The machinery leasing market is also segmented by mode into online and offline. The offline was the largest segment of the machinery leasing market by mode, accounting for 92.37% of the total market in 2022. Going forward, the online segment is expected to stay the fastest growing segment in the machinery leasing market, at a CAGR of 11.13%.

The machinery leasing market is also segmented by leasing type into capital lease and operating lease. The operating lease was the largest segment of the machinery leasing market by mode of sale, accounting for 71.13% of the total market in 2022. Going forward, the capital lease segment is expected to stay the fastest growing segment in the machinery leasing market, at a CAGR of 9.43%.

Asia-Pacific was the largest region in the global machinery leasing market, accounting for 35.87% of the total in 2022. It was followed by the North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the machinery leasing market will be South America and Middle East, where growth will be at CAGRs of 14.28% and 11.86% respectively. These will be followed by Africa and Asia Pacific, where the markets are expected to register CAGRs of 10.81% and 9.03% respectively.

The global machinery leasing market is fragmented with a large number of small players operating in the market. The top ten competitors in the market made up to 14.09% of the total market in 2021. This can be due to the existence of a number of local players in the market serving customers in particular geographies. United Rentals Inc was the largest competitor with 2.45% of the market, followed by Tokyo Century with 2.31%, Ashtead Group plc with 2.16%, Fuyo General Lease Co., Ltd. with 1.60%, Berkshire Hathaway Inc. with 1.57%, AerCap Holdings N.V. with 1.32%, Rent-A-Center Inc with 1.05%, Air Lease Corporation with 0.60%, BOC Aviation with 0.56%, and Kanamoto Co., Ltd. with 0.46%.

The global leasing market, of which the machinery leasing market is a segment, reached a value of nearly $375.3 billion in 2022, growing at a compound annual growth rate (CAGR) of 5.9% since 2017. It is expected to grow at a CAGR of 8.7% and reach nearly $569.3 billion by 2027. The lessors of nonfinancial intangible assets market was the largest segment in the global leasing market accounting for 36.5% of the total in 2022. The consumer goods and general rental centers market was the smallest segment of the global leasing market, accounting for 10.3% of the total and was valued at $158.3 billion in 2022.

The top opportunities in the machinery leasing market segmented by type will arise in the other commercial and industrial machinery and equipment rental segment, which will gain $ 88,491.94 million of global annual sales by 2027. The top opportunities in the machinery leasing market segmented by mode will arise in the offline segment, which will gain $ 174,132.60 million of global annual sales by 2027. The top opportunities in the machinery leasing market segmented by leasing type will arise in the operating lease segment, which will gain $ 132,343.69 million of global annual sales by 2027. The machinery leasing market size will gain the most in the USA at $ 47,804.67 million.

Market-trend-based strategies for the machinery leasing market include strategic partnerships and collaborations to grow in the market, introduction of innovative products to strengthen their position in the market, introducing digitization platforms, artificial intelligence and machine learning in the machinery leasing market for improving the efficiency and productivity of the machinery, and focus on offering EVs as the go-to option for environmentally conscious consumers who want to reduce their carbon footprint.

Player-adopted strategies in the machinery leasing market includes expanding its business capabilities through strategic acquisitions, and business expansions.

The report covers the following chapters

• Introduction and Market Characteristics

Brief introduction to the segmentations covered in the market, definitions and explanations about the machinery leasing market.

• Product Analysis

The product analysis section of the report describes the leading products in the machinery leasing market along with key features and differentiators for those products.

• Supply Chain

The supply chain section of the report defines and explains the key players in the machinery leasing industry supply chain.

• Customer Information

This chapter covers recent customers' trends/preferences in the global machinery leasing market.

• Key Trends

Highlights the major trends shaping the global machinery leasing market. This section also highlights likely future developments in the market.

• Global Market Size and Growth

Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.

• Regional Analysis

Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.

• Market Segmentation

Contains the market values (2017-2032) and analysis for each segment by type, by mode and by leasing type in the market.

• Regional Market Size and Growth

Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.

• Competitive Landscape

Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.

• Key Mergers and Acquisitions

Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.

• Market Opportunities and Strategies

This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.

• Conclusions and Recommendations

This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for machinery leasing providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.

• Appendix

This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:

1) By Type: Heavy Construction Machinery Rental; Commercial Air; Rail; and Water Transportation Equipment Rental; Mining; Oil and Gas; and Forestry Machinery and Equipment Rental; Office Machinery and Equipment Rental and Other Commercial and Industrial Machinery and Equipment Rental

2) By Mode: Online; Offline

3) By Leasing Type: Capital Lease; Operating Lease

A selection of companies mentioned in this report includes

• United Rentals Inc
• Tokyo Century
• Ashtead Group Plc
• Fuyo General Lease Co., Ltd.
• Berkshire Hathaway Inc.

For more information about this report visit https://www.researchandmarkets.com/r/7upf9p

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