Global Automotive Fleet Leasing Market By Lease Type (Open-Ended, Close-Ended), By Vehicle Type (Commercial Vehicles, Passenger Vehicles) and By Region-GloBal Forecast to 2030

“Global Automotive Fleet Leasing Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global automotive fleet leasing market has been segmented on the basis of lease type, vehicle type, as well as regions and countries.

The Global Automotive Fleet Leasing Market was valued at UЅD $28,673.9 Мn in 2020, and is projected to achieve a valuation of UЅD $53,267.7 Мn by 2030, at a САGR of 7.7%.

Overview:

Fleet vehicles are groups of motor vehicles owned or leased by a business, government agency, or other organizations, rather than by an individual or family. Typical examples are vehicles operated by car rental companies, taxicab businesses, public utilities, public bus companies, and police departments.

Dynamics:

The steady increase in automobile manufacture and production across the world, especially in emerging economies, is a factor that is expected to exponentially boost the revenue growth of the global automotive fleet leasing market over the next 10 years.

Moreover, the expansion of various end-user industries such as food & beverage, transportation sectors, etc., owing to factors like increased industrialization and urbanization, is also slated to further compliment future market growth opportunities of this global industry.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global automotive fleet leasing market is no different, and is a factor that is expected to have a significantly negative impact on the revenue growth of this industry in the coming years. Additionally, the numerous constraints concerning vehicle leasing agreements, as well as the high costs involved with the replacement of OEM parts by customers are other factors that may restrain market growth opportunities for this global industry.

Nonetheless, the implementation of several government initiatives to lower carbon emissions is leading to an increase in the manufacture and leasing of electric vehicles. This is another factor that is expected to compliment the revenue growth of the global automotive fleet leasing market in the foreseeable future.

Segmentation of the global automotive fleet leasing market is as follows:

In terms of lease type, the open-ended lease type segment accounted for the maximum number of revenue shares of the global automotive fleet leasing market in 2020, and is expected to continue doing so over the forecast period. The close-ended segment is also anticipated to account for a considerable number of revenue shares over the next 10 years.

With regards to vehicle type, the passenger vehicle segment accounted for the highest number of revenue shares of the global automotive fleet leasing market in 2020, and is anticipated to register the highest CAGR over the next decade. However, the commercial vehicle segment is also expected to register considerable revenue growth in the years to come.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global automotive fleet leasing market in 2020, and is expected to index a high CAGR over the remainder of this forecast period. The markets in Europe and the Asia Pacific regions accounted for the second-, and the third-most number of revenue shares in 2020, and are anticipated to continue doing so over the next 10 years. However, the markets in the Asia Pacific region are anticipated to register the highest CAGR by the end of the forecast period.

Segmentation of the Global Automotive Fleet Leasing Market:

Segmentation by Lease Type:

• Open-Ended
• Close-Ended

Segmentation by Vehicle Type:

• Commercial Vehicles
• Passenger Vehicles

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA