Auto Leasing Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global auto leasing market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2022-2028). Various market drivers are driving the growth of the auto leasing market. OEMs are moving towards the leasing of electric vehicles, as the rate of decline in the number of EVs is much higher than that of their internal combustion engine counterparts. Auto leasing saves customers from retail price problems after owning a car. Auto leasing in the EV sector opens up a wide range of options for customers, as from time to time new models of EV models are introduced in the market.The trend of digital production is having a huge impact on the car rental market and the automotive industry. Companies in the car rental market use their for-profit marriages and improve consumer knowledge by investing in digital technologies, such as blockchain. The tenants accept data statistics as the average car connection produces large GBs of data per hour. The motorists explore and develop strategies to improve employers’ knowledge.

Some major players in the market include Avis Budget Group, Arval, Orix, Hertz, and Europcar, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.

For instance, in January 2022, Arval and Ridecellrval formed a strategic alliance to develop next-generation shared travel solutions that provide customers with Integrated Communication and International Travel. Further, in September 2021, Avis Car Rental and Hotels.com announced a new global partnership that will see members of the Avis Preferencered Integrity Program around the world and members of the Hotels.com loyalty program awarded with improved loyalty status.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Lease Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Avis Budget Group, Arval, Orix, Hertz, and Europcar, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Auto Leasing Market Report by Segment

By Type

• Business Use
• Personal Use

By Lease Type

• Open-End
• Close-End