Vehicle Leasing Market In Europe 2024-2028
The vehicle leasing market in Europe is forecasted to grow by USD 12.17 bn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the vehicle leasing market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost-effective ways of obtaining vehicle, growing demand for vehicle leasing from smes, and rising technological obsolescence of older vehicles.
Technavio's vehicle leasing market in Europe is segmented as below:
By Type
- Passenger cars
- Commercial vehicles
By Mode Of Booking
This study identifies the rise in demand for leasing EVs to optimize vehicle performance and reduce emissions globally as one of the prime reasons driving the vehicle leasing market in Europe growth during the next few years. Also, car subscription model of car leasing and rising use of telematics in leased vehicles will lead to sizable demand in the market.
The report on the vehicle leasing market in Europe covers the following areas:
- Vehicle leasing market in Europe sizing
- Vehicle leasing market in Europe forecast
- Vehicle leasing market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vehicle leasing market in Europe vendors that include ALD SA, Allane SE, Arval Service Lease, Bayerische Motoren Werke AG, Central Contract S.O.T Ltd., Central UK Vehicle Leasing Ltd., Deutsche Leasing AG, ExpatRide International Inc., Groupe BPCE, King and Mayr GmbH and Co. KG, LocautoRent S.p.A., Mercedes Benz Group AG, Millennium Leasing sp zoo, PKO Bank Polski, Porsche Automobil Holding SE, PSA Automobiles SA, Rivervale Cars Ltd., Sofina SA, and Stellantis NV. Also, the vehicle leasing market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.