According to the new market research report “Commercial Auto Leasing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Commercial Auto Leasing market size is projected to reach USD 146.93 billion by 2030, at a CAGR of 5.7% during the forecast period.
- Global Commercial Auto Leasing MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Commercial Auto Leasing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Commercial auto leasing refers to a business arrangement in which a company leases vehicles for their commercial purposes rather than purchasing them outright. This type of leasing typically involves renting vehicles such as trucks, vans, or other vehicles used for business transportation and delivery services. The leasing agreement usually involves a fixed term during which the company pays a monthly fee to use the vehicles. At the end of the lease term, the company may have the option to return the vehicles, extend the lease, or purchase the vehicles at a predetermined price. Commercial auto leasing can provide businesses with flexibility, cost savings, and the ability to use newer vehicles without the long-term commitment of ownership.
- Global Commercial Auto Leasing Top15Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Commercial Auto Leasing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Commercial Auto Leasing include Enterprise Holdings, Penske, Avis Budget, Ryder, Europcar (Eurazeo), Hertz, Sumitomo Mitsui Auto Service (SMAS), Dah Chong Hong Holdings, Arval (BNP Paribas), Localiza, etc. In 2023, the global top 10 players had a share approximately 45.0% in terms of revenue.
- Commercial Auto Leasing,Global Market Size, Split by Product Segment
Source: QYResearch, "Commercial Auto Leasing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Truck is the largest segment, hold a share of 42.2%.
- Commercial Auto Leasing,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Commercial Auto Leasing - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Business is the largest segment, hold a share of 60.7%.
Market Drivers:
Businesses often opt for leasing to minimize upfront costs and benefit from predictable monthly expenses, avoiding the high initial investment associated with vehicle purchases.
Restraint:
Access to financing and credit availability can be a constraint for both leasing companies and businesses looking to lease vehicles. Tightened lending conditions or high borrowing costs can limit expansion and investment in new vehicle fleets.
Opportunity:
Advances in telematics, IoT, and fleet management technologies enable leasing companies to offer enhanced services like real-time vehicle tracking, predictive maintenance, and improved driver safety features, which appeal to businesses seeking operational efficiency.
About The Authors
Jingyi He
Lead Author
Email: rosy@qyresearch.com
Tel: +86-13691347948
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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