The leasing market size is expected to see strong growth in the next few years. It will grow to $3.01 trillion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to global population growth and urbanization, growing popularity of electric vehicles, emergence of start-ups, growing healthcare industry, increasing infrastructure spending and development of mega infrastructure projects. Major trends in the forecast period include offering products and services through online portals and mobile applications, investing in the untapped medical equipment segment, implement IoT technology to efficient fleet management, invest in environmental friendly equipment and machinery, offer car subscription services millennial population, focus on offering electric vehicles in the portfolio, offering subscription services, invest in virtual or augmented reality, employ predictive analytics, invest in big data technology.
The leasing market is expected to experience a significant boost due to the increasing prominence of startups as major clients of leasing service providers. Driven by a focus on cost efficiency and the need to access advanced but often expensive equipment, startups are increasingly opting for equipment rental or leasing. The market is further positively influenced by the growing number of startups, with 33.2 million startups recorded in the US in 2022, marking a substantial increase of 700,000 compared to the previous year.
Economic uncertainty is hindering the growth of the leasing market. Economic fluctuations have a significant impact on this sector, as the uncertainty arising from geopolitical tensions, inflation, and fluctuating interest rates can discourage businesses from entering into lease agreements. For example, in June 2023, CBRE (Coldwell Banker Richard Ellis), a US-based non-profit organization, reported that in 2022, various industries encountered challenges due to rising costs and supply chain disruptions, leading to a more cautious approach toward leasing assets.
Car rental and leasing companies are increasingly utilizing Internet of Things (IoT) technology to manage and maintain their fleets. The Internet of Things refers to a network of internet-connected devices or objects that can collect and exchange data using embedded sensors. For instance, in January 2023, the World Economic Forum, a Switzerland-based non-profit organization, projected that the number of connected IoT devices will reach 30 billion by 2025. Car rental companies are leveraging this technology to monitor fuel levels at the point of car return, thus eliminating the need for staff to check fuel manually. Additionally, virtual key solutions allow for locking and unlocking doors, reducing the complexity of managing numerous physical keys. For example, the car rental company Hertz is implementing IoT technology to offer keyless car rental services and optimize fleet management to cut costs.
Leading companies in the leasing market are focusing on technologies such as e-commerce platforms to improve customer experience, streamline operations, and promote sustainable mobility solutions. E-commerce platforms are online software solutions that facilitate the buying and selling of goods or services over the Internet, allowing businesses to establish and manage their online stores. For instance, in October 2024, Leasys Italia S.p.A., an Italy-based mobility and leasing company, launched the Leasys e-Store. This e-store is designed to simplify the sign-up process for customers interested in personal contract hire (PCH) and other leasing options, streamlining the selection and management of vehicle leases online.
Major companies operating in the leasing market include Volkswagen leasing GmbH, Enterprise Holdings Inc., Daimler, United Rentals Inc., 7 - Eleven, LeasePlan Corporation N.V., Ashtead Group, Deutsche Leasing AG, Tokyo Century, Quippo Infrastructure Limited, GMMCO, Hami Ximeng Trade Co Ltd, Toyota Rentacar, Orix Rentacar, Anji Leasing, China Auto Rental Holdings Inc, EHi Auto Services Co. Ltd, Shenzhen City Extreme Car Rental Co. Ltd, Shouqi Car Rental Co. Ltd, Europcar, Hertz, Avis Budget, Van Anda Aviation, BNP Paribas Leasing Solutions, Oak Leasing, Renault Eurodrive, Sixt, Business Lease Group, KAMAZ Leasing Company, Volvo Finance Service Vostok, VTB Leasing, ALD Automotive, Interleasing Ltd., VEB-leasing, Trust Capital, Wells Fargo Financial Equipment Leasing, Hitachi Capital America Corp, TCF Equipment Finance, Advantage Rent a Car, Aercap Holdings N.V., McDonald's Corporation, Ryder, National Leasing, Canadian Leasing Company, Localiza, Locamerica-Unidas, Best Fleet (Unidas), Ouro Verde, Movida, Safra Leasing S.A., BB Leasing, Leasing Bolívar S.A, HALA Equipment Trading LLC, Perfect Machinery & Equipment Trading & Hire LLC, Arabian Machinery and Heavy Equipment Company, Al Badie Group (ABG), Paramount Leasing & Car Rental LLC, Budget, Barloworld South Africa (PTY) Ltd, Bidvest Car Rental (PTY) Ltd, Car Hire Brokers (PTY) Ltd, CMH Car Hire (PTY) Ltd, Gage Car Rental (PTY) Ltd, Imperial Vehicles, Unitrans Automotive (Pty) Ltd.
Asia-Pacific was the largest region in the leasing market in 2024. North America was the second-largest region in leasing market. The regions covered in the leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the leasing market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The leasing market consists of revenues earned by entities that are engaged in providing variety of tangible goods leasing services such as passenger car rental, consumer goods rental, general rental, heavy construction machinery rental. This market does not include house leasing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Leasing is a financial arrangement wherein an individual, company, or another entity makes payments to utilize land, a vehicle, or other property for a defined period. The financial commitment and associated payments in leasing are distributed over several years, alleviating the burden of a one-time substantial cash outlay. This approach aids businesses in maintaining a steady cash-flow profile.
The primary categories of leasing encompass automotive equipment leasing, consumer goods, general rental centers, machinery leasing, and lessors of nonfinancial intangible assets. Within the automotive equipment leasing industry, businesses engage in renting or leasing vehicles without drivers, including passenger cars, truck tractors, utility trailers, buses, semi-trailers, trucks, recreational vehicles (RVs), and passenger vans. Various modes of leasing, such as online and offline, are employed, and different lease types include closed-ended lease, option-to-buy lease, sub-vented lease, and others.
The leasing market research report is one of a series of new reports that provides leasing market statistics, including leasing industry global market size, regional shares, competitors with a leasing market share, detailed leasing market segments, market trends, and opportunities, and any further data you may need to thrive in the leasing industry. This leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Leasing Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on leasing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for leasing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The leasing market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Automotive Equipment Leasing, Consumer Goods and General Rental Centers, Machinery Leasing, Lessors of Nonfinancial Intangible Assets2) By Mode: Online, Offline
3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types
Subsegments:
1) By Automotive Equipment Leasing: Passenger Vehicle Leasing; Commercial Vehicle Leasing; Fleet Leasing Services2) By Consumer Goods and General Rental Centers: Rental of Household Items; Rental of Recreational Equipment; General Rental Services For Events
3) By Machinery Leasing: Construction Equipment Leasing; Agricultural Machinery Leasing; Industrial Equipment Leasing
4) By Lessors of Nonfinancial Intangible Assets: Intellectual Property Leasing; Software Leasing; Brand Leasing
Key Companies Mentioned: Volkswagen leasing GmbH; Enterprise Holdings Inc.; Daimler; United Rentals Inc.; 7 - Eleven
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Volkswagen leasing GmbH
- Enterprise Holdings Inc.
- Daimler
- United Rentals Inc.
- 7 - Eleven
- LeasePlan Corporation N.V.
- Ashtead Group
- Deutsche Leasing AG
- Tokyo Century
- Quippo Infrastructure Limited
- GMMCO
- Hami Ximeng Trade Co Ltd
- Toyota Rentacar
- Orix Rentacar
- Anji Leasing
- China Auto Rental Holdings Inc
- EHi Auto Services Co. Ltd
- Shenzhen City Extreme Car Rental Co. Ltd
- Shouqi Car Rental Co. Ltd
- Europcar
- Hertz
- Avis Budget
- Van Anda Aviation
- BNP Paribas Leasing Solutions
- Oak Leasing
- Renault Eurodrive
- Sixt
- Business Lease Group
- KAMAZ Leasing Company
- Volvo Finance Service Vostok
- VTB Leasing
- ALD Automotive
- Interleasing Ltd.
- VEB-leasing
- Trust Capital
- Wells Fargo Financial Equipment Leasing
- Hitachi Capital America Corp
- TCF Equipment Finance
- Advantage Rent a Car
- Aercap Holdings N.V.
- McDonald's Corporation
- Ryder
- National Leasing
- Canadian Leasing Company
- Localiza
- Locamerica-Unidas
- Best Fleet (Unidas)
- Ouro Verde
- Movida
- Safra Leasing S.A.
- BB Leasing
- Leasing Bolívar S.A
- HALA Equipment Trading LLC
- Perfect Machinery & Equipment Trading & Hire LLC
- Arabian Machinery and Heavy Equipment Company
- Al Badie Group (ABG)
- Paramount Leasing & Car Rental LLC
- Budget
- Barloworld South Africa (PTY) Ltd
- Bidvest Car Rental (PTY) Ltd
- Car Hire Brokers (PTY) Ltd
- CMH Car Hire (PTY) Ltd
- Gage Car Rental (PTY) Ltd
- Imperial Vehicles
- Unitrans Automotive (Pty) Ltd
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 400 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 2.08 Trillion |
Forecasted Market Value ( USD | $ 3.01 Trillion |
Compound Annual Growth Rate | 9.6% |
Regions Covered | Global |
No. of Companies Mentioned | 65 |