This Enterprise Asset Leasing 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 enterprise asset leasing market size has grown rapidly in recent years. It will grow from $986.85 billion in 2023 to $1.1 trillion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth during the historic period can be attributed to factors such as cost efficiency, regulatory compliance, operational flexibility, market expansion, and the rising adoption across various industries.
The enterprise asset leasing market size is expected to see rapid growth in the next few years. It will grow to $1.74 trillion in 2028 at a compound annual growth rate (CAGR) of 12.1%.The growth expected during the forecast period can be attributed to expansion in emerging markets, a shift in customer preferences toward subscription-based models, increased focus on cybersecurity for leased assets, and innovations in lease financing options. Major trends anticipated include the adoption of renewable energy and sustainable technologies, the integration of artificial intelligence and IoT for asset monitoring and management, growth in the leasing of specialized industrial equipment for manufacturing and logistics, the use of blockchain technology for transparent lease agreements, rising popularity of short-term and on-demand leasing models, and an enhanced focus on cybersecurity measures for leased assets.
The increasing demand for commercial vehicles is expected to drive the growth of the enterprise asset leasing market. Commercial vehicles, used for transporting goods or passengers for business purposes, are crucial across various industries including logistics, transportation, construction, and public services. This demand is fueled by rising urbanization, industry expansion, and growing needs for goods and services. Enterprise asset leasing facilitates the acquisition and maintenance of commercial vehicle fleets by offering flexible financing options, thus avoiding substantial upfront costs. For example, in January 2022, the European Automobile Manufacturers’ Association (ACEA) reported a 9.6% increase in commercial vehicle registrations in the European Union in 2021, reaching a total of 1.88 million units. This rising demand for commercial vehicles is propelling 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 2023. 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.
This product will be delivered within 3-5 business days.
The enterprise asset leasing market size has grown rapidly in recent years. It will grow from $986.85 billion in 2023 to $1.1 trillion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth during the historic period can be attributed to factors such as cost efficiency, regulatory compliance, operational flexibility, market expansion, and the rising adoption across various industries.
The enterprise asset leasing market size is expected to see rapid growth in the next few years. It will grow to $1.74 trillion in 2028 at a compound annual growth rate (CAGR) of 12.1%.The growth expected during the forecast period can be attributed to expansion in emerging markets, a shift in customer preferences toward subscription-based models, increased focus on cybersecurity for leased assets, and innovations in lease financing options. Major trends anticipated include the adoption of renewable energy and sustainable technologies, the integration of artificial intelligence and IoT for asset monitoring and management, growth in the leasing of specialized industrial equipment for manufacturing and logistics, the use of blockchain technology for transparent lease agreements, rising popularity of short-term and on-demand leasing models, and an enhanced focus on cybersecurity measures for leased assets.
The increasing demand for commercial vehicles is expected to drive the growth of the enterprise asset leasing market. Commercial vehicles, used for transporting goods or passengers for business purposes, are crucial across various industries including logistics, transportation, construction, and public services. This demand is fueled by rising urbanization, industry expansion, and growing needs for goods and services. Enterprise asset leasing facilitates the acquisition and maintenance of commercial vehicle fleets by offering flexible financing options, thus avoiding substantial upfront costs. For example, in January 2022, the European Automobile Manufacturers’ Association (ACEA) reported a 9.6% increase in commercial vehicle registrations in the European Union in 2021, reaching a total of 1.88 million units. This rising demand for commercial vehicles is propelling 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 2023. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Enterprise Asset Leasing Market Characteristics3. Enterprise Asset Leasing Market Trends and Strategies32. Global Enterprise Asset Leasing Market Competitive Benchmarking33. Global Enterprise Asset Leasing Market Competitive Dashboard34. Key Mergers and Acquisitions in The Enterprise Asset Leasing Market
4. Enterprise Asset Leasing Market - Macro Economic Scenario
5. Global Enterprise Asset Leasing Market Size and Growth
6. Enterprise Asset Leasing Market Segmentation
7. Enterprise Asset Leasing Market Regional and Country Analysis
8. Asia-Pacific Enterprise Asset Leasing Market
9. China Enterprise Asset Leasing Market
10. India Enterprise Asset Leasing Market
11. Japan Enterprise Asset Leasing Market
12. Australia Enterprise Asset Leasing Market
13. Indonesia Enterprise Asset Leasing Market
14. South Korea Enterprise Asset Leasing Market
15. Western Europe Enterprise Asset Leasing Market
16. UK Enterprise Asset Leasing Market
17. Germany Enterprise Asset Leasing Market
18. France Enterprise Asset Leasing Market
19. Italy Enterprise Asset Leasing Market
20. Spain Enterprise Asset Leasing Market
21. Eastern Europe Enterprise Asset Leasing Market
22. Russia Enterprise Asset Leasing Market
23. North America Enterprise Asset Leasing Market
24. USA Enterprise Asset Leasing Market
25. Canada Enterprise Asset Leasing Market
26. South America Enterprise Asset Leasing Market
27. Brazil Enterprise Asset Leasing Market
28. Middle East Enterprise Asset Leasing Market
29. Africa Enterprise Asset Leasing Market
30. Enterprise Asset Leasing Market Competitive Landscape and Company Profiles
31. Enterprise Asset Leasing Market Other Major and Innovative Companies
35. Enterprise Asset Leasing Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Enterprise Asset Leasing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on enterprise asset 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.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for enterprise asset leasing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The enterprise asset 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 impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- 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 Asset Type: Commercial Vehicles; Machinery And Industrial Equipment; Real Estate; Information Technology (IT) Equipment; Other Asset Types2) By Leasing Type: Operating Lease; Financial Lease
3) By Enterprise Size: Large Enterprises; Small And Medium Enterprises
4) By Industry Vertical: Transportation And Logistics; Manufacturing; Construction; Information Technology (IT) And Telecommunications; Government And Public Sector; Other Industry Verticals
Key Companies Mentioned: General Electric Company; John Deere Financial; BNP Paribas SA; Komatsu Financial LP; Liebherr-International Deutschland GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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
The major companies profiled in this Enterprise Asset Leasing market report include:- 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
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1103.27 Billion |
Forecasted Market Value ( USD | $ 1742.14 Billion |
Compound Annual Growth Rate | 12.1% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |