Global Financial Leasing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Financial Leasing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Financial Leasing market finds that the global Financial Leasing market reached a value of USD 1393326.0 million in 2022. It’s expected that the market will achieve USD 2049347.0 million by 2028, exhibiting a CAGR of 6.64% during the forecast period.

Influence of COVID-19 Outbreak on Financial Leasing Industry Development

The impact of COVID-19 on the Financial Leasing industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was severely hindered, production plan was severely hindered, network expansion was delayed, marketing was delayed, brand adjustment was forced, and the income of the company and employees declined. The government has also put forward higher requirements for the production and operation of enterprises. Although all industries around the world are gradually resuming work, production and demand will not pick up rapidly and sharply, and a certain recovery period is needed.

The epidemic situation in COVID-19 has caused a great impact on the Financial Leasing industry, with the decline of business volume and profitability of the industry, the increasingly fierce competition among peers and the serious homogenization of business areas. The development of business puts forward higher requirements for the risk management and professional operation level of leasing companies.

From the perspective of enterprise's own development, in the past, some Financial Leasing companies neglected some long-term problems in their pursuit of rapid growth, including excessive pursuit of short-term benefits, neglect of long-term development and failure to really form their own core competitiveness. The level of talent team construction in some enterprises can't keep up with the speed of business development, which leads to the lack of professional talents and insufficient development potential.

From the perspective of industry scale, the growth of the number of Financial Leasing enterprises and contract balance has slowed down, and the industry has entered an adjustment period. Over the past decade, thanks to the rapid economic development and policy support, the Financial Leasing industry has developed rapidly. Influenced by the unstable global economic situation, changes in industry supervision system and the impact of COVID-19 epidemic, the growth rate of the number of Financial Leasing industry entities slowed down obviously.

From the perspective of industry structure, Financial Leasing has not yet formed an oligopoly situation, with huge market competition space and enough market space for other small and medium-sized leasing companies to develop. Based on their own resource evaluation and company development vision, all kinds of Financial Leasing companies actively build their development advantages in capital, professional ability, scientific and technological means, and strive to gain a place in the industry.

From the perspective of industry supervision, strict supervision has effectively accelerated the integration of the industry, and the overall development of the industry has become increasingly standardized. Strict supervision will help the Financial Leasing industry to develop more healthily and standardly, and the standardized Financial Leasing company will get more fair and orderly competition space.

However, with the full recovery of economy, the total amount of Financial Leasing business will also recover. It can be predicted that under the background of sustained and stable recovery of global economy and normalization of monetary policy, the Financial Leasing business is expected to resume its growth momentum.

Drivers

Advantages of Financial Leasing
Financial Leasing is one of the international leasing methods, which is actually a medium-and long-term credit given by leasing companies to users. The lessor pays the price of all the equipment, which is equivalent to providing 100% credit to enterprises, and it has a strong financial color. Financial Leasing is regarded as a loan business related to equipment, which is suitable for large-scale equipment with high value and advanced technology. At present, nearly 50% of large-scale equipment of enterprises in developed countries is obtained or purchased through Financial Leasing, which has become the most widely used financing method in the world.

Financial Leasing calculates the rent based on the time that the lessee takes up the financing cost, which is a financing method with strong adaptability when the market economy develops to a certain stage.

Financial Leasing refers to the equipment leasing business with the characteristics of financing and ownership transfer. That is, the lessor purchases the equipment according to the specifications, models, performance and other conditions required by the lessee and leases it to the lessee. During the contract period, the ownership of the equipment belongs to the lessor, and the lessee only has the right to use it. After the contract expires and the rent is paid, the lessee has the right to purchase the equipment according to the residual value and own the equipment. Therefore, developing Financial Leasing has many advantages.

Segmentation Overview:

Among different product types, Non-Banking Bank segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the TMT (technology, media, and telecom) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Financial Leasing market covered in Chapter 3:

DLL Finance LLC
Bohai Leasing
CMB Financial Leasing
ICBC Financial Leasing Co.
Enterprise Holdings, Inc.
Minsheng Financial Leasing
General Motors Financial Company
Sumitomo Mitsui Finance and Leasing Company
Wells Fargo Equipment Finance
BOC Aviation
BNP Paribas Leasing Solutions
Ping An International Financial Leasing Co., Ltd
Banc of America Leasing & Capital
aercap

In Chapter 4 and Chapter 14.2, on the basis of types, the Financial Leasing market from 2018 to 2029 is primarily split into:

Banking
Non-Banking Bank

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Financial Leasing market from 2018 to 2029 covers:

Transportation Equipments and Trucks
Commercial and Non Commercial Vehicles
Plant and Machinery
Construction Machinery
Medical Devices
TMT (technology, media, and telecom)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)