Global Vehicle Leasing Market Outlook, 2020

NEW YORK, June 24, 2020 /PRNewswire/ -- Vehicle leasing is seen as a solution to the growing problems faced by companies for their mobility needs, including vehicle funding, fleet maintenance, and, more importantly, residual risk handling.Big corporates and businesses, in current market conditions, are focused on their core products and services and would like to outsource all other support activities.

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Mobility is a significant cost centre that requires resources in terms of money and time.Starting from fleet purchase to re-marketing at a better price and for each of the intermediary segment in the value chain, issues such as unnecessary cost spikes, utilisation mismatches, irregularities in fleet maintenance, and risks of dips in residual value can crop up, unless an expert team is on the job.

Corporates prefer leasing the fleet as a hassle-free mobility service that offers on-demand mobility and fleet after-service facilities, among others. This demand has driven growth and given the leasing market a structure and regulated the ecosystem. The evolution of any industry depends on transformational trends that are linked to the macroeconomic factors of the region and the emerging business models that reflect innovation. Special sections covering transformational trends, such as EV leasing, private vehicle leasing, used car leasing, and car subscription mobility model are analysed. Other trends such as SME leasing, fleet connectivity, digitisation (Blockchain in the leasing industry) are also studied. The study covers these trends that are expected to shape the market in 2020. For leasing providers and other companies that share the leasing ecosystem, growth opportunities that they need to look at and the strategic imperatives that aid in their pursuit of growth and success have been provided. Overall, the study provides a 360-degree understanding of the leasing space (region-specific) and offers details on key trends, market overview, and outlook.

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