Financial Leasing Services Market Report 2024

This Financial Leasing Services market 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 financial leasing services market size has grown rapidly in recent years. It will grow from $200.03 billion in 2023 to $221.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to economic expansion, tax benefits, improved asset utilization efficiency, industry-specific demand, and a heightened focus on risk management.

The financial leasing services market size is expected to see rapid growth in the next few years. It will grow to $331.22 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to sustainability and green initiatives, increased investment in infrastructure, urbanization and the development of smart cities, global supply chain optimization, and a rising interest in asset-light business models. Major trends expected during this period include digital transformation and automation, the expansion of fintech solutions, growth in leasing by small and medium-sized enterprises, the emergence of circular economy practices, and increased customization and personalization.

The increasing number of small and medium-sized enterprises (SMEs) is expected to drive growth in the financial leasing services market. SMEs are businesses with a limited number of employees and revenue, defined by specific thresholds set by various countries or organizations. The rise in SMEs is attributed to growing entrepreneurial activity and supportive policies that encourage business creation and innovation. Financial leasing services help SMEs acquire necessary equipment and assets with lower upfront costs and better cash flow management. For example, the House of Commons Library reported in May 2024 that the number of private-sector businesses in the UK grew from 5,509 in 2022 to 5,555 in 2023, marking an increase of 46 businesses and indicating a positive trend in private sector expansion. This growth in SMEs is contributing to the expansion of the financial leasing services market.

Leading companies in the financial leasing services market are developing innovative solutions, such as fitout lease services, to enhance their competitive advantage. Fitout lease services provide and manage leased spaces that are fully equipped and furnished to meet the specific needs of tenants or businesses. For instance, in March 2021, Skootr Global Pvt. Ltd., an India-based company, introduced Skootr FinSave. This service offers a unique fitout financing solution that allows businesses to lease customized and fully furnished office spaces without upfront capital expenditure. Features include flexible lease terms, complete interior design and setup, and financial savings through efficient space use and reduced initial costs. This service enables companies to concentrate on their core operations while benefiting from a tailored, high-quality workspace.

In May 2024, De Lage Landen International B.V., a financial services company based in the Netherlands, acquired ELF Leasing GmbH for an undisclosed amount. This acquisition aims to expand De Lage Landen International’s market reach, diversify its leasing solutions, and strengthen its competitive position in Europe. ELF Leasing GmbH, based in Germany, provides equipment leasing and financing services for commercial clients and companies.

Major companies operating in the financial leasing services market are JPMorgan Chase & Co, Bank of America Corporation, Banco Santander S.A, Wells Fargo & Company, Siemens AG, Citigroup Inc, International Business Machines Corporation, Royal Bank Of Canada, HSBC Holdings plc, Barclays plc, Société Générale Equipment Finance, U.S. Bancorp, Nordea Bank AB, KBC Lease, Bank of Beijing Co. Ltd., ABN AMRO Bank N.V., First American Equipment Finance, Macquarie Equipment Finance LLC, General Electric Capital Corporation, De Lage Landen International B.V., Deutsche Leasing AG, Crédit Agricole Leasing & Factoring, Hannover Leasing GmbH & Co. KG, BNP Paribas Lease Group S.A.

North America was the largest region in the financial leasing services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the financial leasing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the financial leasing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Financial leasing services involve leasing assets to lessees for a specified period in exchange for periodic payments, with the lessor retaining ownership while the lessee uses the asset. This arrangement includes both operating and finance leases, catering to the needs of businesses and individuals for equipment, vehicles, real estate, and other assets without requiring immediate full ownership.

The main types of financial leasing services are capital leases, operating leases, and others. A capital lease is a long-term agreement where the lessee effectively gains ownership of the asset. Providers of financial leasing services include both banks and non-banks, and the various applications encompass sectors such as transportation, aviation, information technology (IT) and telecommunications, manufacturing, healthcare, construction, and more.

The financial leasing services market research report is one of a series of new reports that provides financial leasing services market statistics, including financial leasing services industry global market size, regional shares, competitors with an financial leasing services market share, detailed financial leasing services market segments, market trends, and opportunities, and any further data you may need to thrive in the financial leasing services industry. This financial leasing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The financial leasing services market includes revenues earned by entities by providing services such as lease payments, interest income, service fees, end-of-lease revenues, penalties and charges, residual value gains, and other ancillary services. 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.

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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