Valuation of Car Leasing Market to Reach ~USD 1 Trillion by 2030, Notes Transparency Market Research

Valuation of Car Leasing Market to Reach ~USD 1 Trillion by 2030, Notes Transparency Market Research

PR Newswire

ALBANY, New York, May 12, 2020

- Growing demand for private leasing and a hassle-free travel experience contributing positively to growth, Commercial banks segment and financial lease segment to be dominant over the forecast period

- North America and Europe to stay at the top of regional charts in the global car leasing market

ALBANY, New York, May 12, 2020 /PRNewswire/ -- Growing at an impressive pace of about 9% from 2020 to 2030, the global car leasing market is looking at an upward growth curve over the stated period. The reasons that can be attributed to this growth are varied and a prominent one among them is the increase in demand for private lease. Key share of the global car leasing market would be accounted for by developed countries of the world such as France, the United States of America, the United Kingdom, and Germany.

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Transparency Market Research notes, "With most drivers practicing safe distancing during the COVID-19 pandemic, more and more people have questions regarding breaking the chain while vehicle leasing. Players would thus do well to have interactive question and answer session to those willing to opt for it.  Besides, it is pertinent to note here that young urban drivers seek a hassle-free experience and thus gravitate towards car leasing for their travel requirement."

Key Findings of Global Car Leasing Market Study:

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Key Drivers of Growth in Global Car Leasing Market:

A number of factors, as identified by Transparency Market Research, are keeping the car leasing market buoyant over the forecast period.  Trends, drivers, and developments that are marking the global car leasing market's landscape include the following:

Explore 205 of pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Car Leasing Market (Lease Type: Finance Lease and Operating Lease; Product Type: Private Lease and Business Lease; and Provider: OEM/Captives, Commercial Banks, and NBFCs) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/car-leasing-market.html

Regional Analysis of Global Car Leasing Market:    

Analyze car leasing market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a Sample of the Study

Competitive Landscape of Global Car Leasing Market:    

The global car leasing market is a fragmented vendor landscape with a large number of local and international players present and operating the landscape. Key players that have made a name for themselves in the market with their active and proactive maneuvers are ORIX, ALD Automotive, Avis Budget Group, Sixt, Enterprise, Hertz, Arval, Leaseplan, Europcar, Movida, Car Inc, Daimler Financial Services, and General Motor Financial Company, among others.

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Global Car Leasing Market: Segmentation

Explore Transparency Market Research's award-winning coverage of the Global Automotive & Transport Industry:

Freight Trucking Market – The significant growth of the various industries around the world coupled with the integration of new technologies in freight trucks is expected to propel the freight trucking marketing during the forecast period. While supply chains across the world predominantly rely on freight trucking, the demand for freight trucking is anticipated to grow at a consistent pace in the coming years

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Automotive Suspension Parts Market – The global automotive suspension parts market is expected to grow at a modest CAGR of ~3% during the forecast period. The market growth can be primarily attributed to the growing focus on maximizing the efficiency of vehicles, minimize carbon footprint, improving performance, durability, and handling of vehicles, and growing focus on innovations and research.

Vehicle Battery Market – Rapid-charging battery technologies are anticipated to become increasingly mainstream in the near future. Companies in the vehicle battery market are leveraging their capacity additions to manufacture rapid-charging batteries that are capable of powering batteries within minutes.

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