Enterprise Asset Leasing Market Report 2025

This Enterprise Asset Leasing market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The enterprise asset leasing market size has grown rapidly in recent years. It will grow from $1.1 trillion in 2024 to $1.23 trillion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to cost efficiency, regulatory compliance, operational flexibility, expansion into new markets, and increasing adoption across industries.

The enterprise asset leasing market size is expected to see rapid growth in the next few years. It will grow to $1.95 trillion in 2029 at a compound annual growth rate (CAGR) of 12%. The growth in the forecast period can be attributed to growth in emerging markets, shifting customer preferences towards subscription-based models, increased emphasis on cybersecurity in leased assets, and innovation in lease financing options. Major trends in the forecast period include renewable energy and sustainable technologies, integration of artificial intelligence and IoT for asset monitoring and management, growth in leasing of specialized industrial equipment for manufacturing and logistics, adoption of blockchain technology for transparent lease agreements, rising popularity of short-term and on-demand leasing models, and enhanced focus on cybersecurity measures for leased assets.

The growing demand for commercial vehicles is anticipated to drive the expansion of the enterprise asset leasing market in the coming years. Commercial vehicles, which are used for transporting goods or passengers for business purposes, play a critical role in sectors such as logistics, transportation, construction, and public services. The increasing need for commercial vehicles is fueled by rapid urbanization, the growth of various industries, and the rising demand for goods and services. Enterprise asset leasing facilitates commercial vehicle acquisition by offering businesses flexible financing solutions, allowing them to procure and manage fleets without substantial upfront investments. For example, in April 2023, the International Energy Agency (IEA), an intergovernmental organization based in France, reported that approximately 66,000 electric buses and 60,000 medium- and heavy-duty trucks were sold globally in 2022, representing 4.5% and 1.2% of total worldwide sales, respectively. China led these figures, with 54,000 electric buses and 52,000 trucks sold, which accounted for 18% and 4% of its market, as well as 80% and 85% of global sales, respectively. Additionally, the share of electric bus sales in Europe rose from 7% in 2021 to 9% in 2022, while China’s electric bus registrations increased from 50,000 in 2021 to 54,000 in 2022. Consequently, the rising demand for commercial vehicles is contributing to the growth of the enterprise asset leasing market.

Key players in the enterprise asset leasing market are focusing on advanced financing solutions, such as all-inclusive leasing packages, to attract customers with more convenient and cost-effective asset management options. These packages cover maintenance, repairs, and insurance under a single lease payment, simplifying the leasing process for businesses. For instance, in October 2022, Volvo Construction Equipment, a Sweden-based provider of construction solutions, introduced a new leasing option for its electric compact equipment in the U.S. and Canada. Offered through Volvo Financial Services (VFS), this all-inclusive lease package bundles charging, maintenance, repairs, and extended coverage, providing up to 15% savings compared to separate purchases. The package includes an equipment maintenance plan, extended repair coverage beyond the factory warranty, optional physical damage insurance in the U.S., and the ability to finance a charger within the same lease terms, resulting in a unified monthly payment.

In July 2023, Penske Truck Leasing, a US-based transportation and logistics company, acquired Star Truck Rentals and Kris-Way Truck Leasing for an undisclosed sum. This acquisition enables Penske to expand its fleet and geographic footprint, access new markets and clients, enhance operating efficiencies, and solidify its leadership position in the truck leasing industry. Star Truck Rentals provides full-service leasing and truck rental services, while Kris-Way Truck Leasing specializes in truck leasing services.

Major companies operating in the enterprise asset leasing market are General Electric Company, John Deere Financial, BNP Paribas SA, Komatsu Financial LP, Liebherr-International Deutschland GmbH, Wells Fargo & Company, Orix Corporation, LeasePlan Corporation N.V., United Rentals Inc., Deutsche Leasing AG, Fifth Third Bank, Ashtead Group plc, Bohai Leasing Co. Ltd., Herc Rentals Inc., Caterpillar Financial Services Corporation, CIT Group Inc., De Lage Landen International BV, Maxim Crane Works L.P., Ahern Rentals Inc., Marlin Business Services Corp., BlueLine Rental, Mitsubishi HC Capital Inc., Mexarrend S.A.P.I. de C.V., ICBC Financial Leasing Co. Ltd.

North America was the largest region in the enterprise asset leasing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise asset leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the enterprise asset leasing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Enterprise asset leasing involves the lease of equipment, machinery, or vehicles by businesses for operational needs. This approach enables businesses to access essential assets without making significant upfront capital investments, providing greater flexibility to adapt to technological advancements and market changes.

The main types of assets involved in enterprise asset leasing include commercial vehicles, machinery and industrial equipment, real estate, information technology (IT) equipment, and others. Commercial vehicles are those used for business purposes, such as transporting goods or passengers for profit. Leasing options encompass operating leases and financial leases, serving businesses of various sizes. These businesses range from large enterprises to small and medium-sized enterprises across different industries, including transportation and logistics, manufacturing, construction, IT and telecommunications, government and public sector, and more.

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

The enterprise asset leasing market includes revenues earned by entities through operating leases, finance leases, sales and leaseback, fleet leasing, and management. 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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