Report cover image

Commercial Vehicle Rental and Leasing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Nov 01, 2024
Length 200 Pages
SKU # FOB19302846

Description

Commercial Vehicle Rental and Leasing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Commercial Vehicle Rental and Leasing Market

The commercial vehicle rental and leasing market size was valued at USD 77.42 billion in 2021, and the market is now projected to grow from USD 82.69 billion in 2022 to USD 131.46 billion by 2029, exhibiting a CAGR of 6.8% during the forecast period of 2022-2029.

The automotive rental and leasing market was greatly affected by the pandemic since travel in 2020 was reduced to carbon and there were cancelations of leases with the decreased forward bookings. Lack of cash flow led to the speeding of withdrawal plans among rental and leasing companies. Secondly, the established and accessible shelters also created the needed competition against property owners to reduce the need for leasing services. This caused many havocs in operating the commercial vehicle rental and leasing business industry.

In India, the median size of the commercial fleet is approximately 100 units has remained constant in the last few years. However, any experience indicates that increasing leasing tendencies potentially affect larger enterprise fleets. Presently, the corporate leasing adoption rate in India is comparatively low with only about 4% market share A lot of growth is therefore expected in the leasing business. This small penetration level presents a strong opportunity to expand the commercial leasing operation throughout the country.

The take of electric vehicles (EVs) in the commercial vehicle rental and leasing sector is still insignificant due to high overall cost and low profitability. But, the decline of battery costs and higher standards of emissions have encouraged the usage of EV, especially among the large firms. The advantages are such as low maintenance costs for a big number of vehicles, increasing the sustainability for city driving and positive image impact. Therefore, market growth is expected to be boosted by increasing popularity of cars adopting electric system.

Comprehensive Analysis of Commercial Vehicle Rental and Leasing Market

The commercial vehicle rental and leasing market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by application type analysis, and by vehicle type analysis. By application type analysis incudes enterprise leasing and personal leasing. By vehicle type analysis incudes car, light truck, and medium/heavy trucks based on vehicle type.

The North America region lead the commercial vehicle rental and leasing market share by benefitting a market size of USD 27.64 billion in 2021 due to its technological advancements.

Top players in the market have their responsibility of automotives industrial prospectus growth of the retailing industry and the markets. These players include, Europcar, The Hertz Corporation, Enterprise Holdings, Inc., SIXT SE, ALD Automotive, Localiza, Unidas, PACCAR Leasing Company, Penske Automotive Group, Inc. these market players provide a level-playing competitive landscape.

In January 2021, Europcar approved a financial restructuring plan to reduce its car rental debts significantly by offering creditors shares and control of the company, following the impact of COVID-19 on its business.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Estimated Year 2022

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation Application Type

Enterprises Leasing

Personal Leasing

By Vehicle Type

Car

Light Truck

Heavy/Medium Trucks

By Geography

North America (By Application Type and By Vehicle Type)

U.S. (By Application Type; By Vehicle Type)

Canada (By Application Type; By Vehicle Type)

Mexico (By Application Type; By Vehicle Type)

Europe (By Application Type and By Vehicle Type)

U.K. (By Application Type; By Vehicle Type)

Germany (By Application Type; By Vehicle Type)

France (By Application Type; By Vehicle Type)

Rest of Europe (By Application Type; By Vehicle Type)

Asia Pacific (By Application Type and By Vehicle Type)

China (By Application Type; By Vehicle Type)

India (By Application Type; By Vehicle Type)

Japan (By Application Type; By Vehicle Type)

South Korea (By Application Type; By Vehicle Type)

Rest of Asia Pacific (By Application Type; By Vehicle Type)

Rest of World (By Application Type and By Vehicle Type)

Please Note: It will take 5-6 business days to complete the report upon order confirmation.

Table of Contents

200 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Porter’s Five Forces Analysis
4.2. SWOT Analysis
4.3. Technological Developments
4.4. Distribution of Commercial Vehicle Rental & Leasing Market - By Vehicle Type (in Value)
4.5. Impact of COVID-19
5. Global Commercial Vehicle Rental & Leasing Market Analysis, Insights and Forecast, 2018-2029
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Vehicle Type
5.2.1. Car
5.2.2. Light Trucks
5.2.3. Heavy/ Medium Trucks
5.3. Market Analysis, Insights and Forecast – By Application Type
5.3.1. Enterprise Leasing
5.3.2. Personal Leasing
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Rest of the World
6. North America Commercial Vehicle Rental & Leasing Market Analysis, Insights and Forecast, 2018-2029
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Vehicle Type
6.2.1. Car
6.2.2. Light Trucks
6.2.3. Heavy/ Medium Trucks
6.3. Market Analysis, Insights and Forecast – By Application Type
6.3.1. Enterprise Leasing
6.3.2. Personal Leasing
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. the U.S.
6.4.1.1. By Appication Type
6.4.1.2. By Vehicle Type
6.4.2. Canada
6.4.2.1. By Application Type
6.4.2.2. By Vehicle Type
6.4.3. Mexico
6.4.3.1. By Application Type
6.4.3.2. By Vehicle Type
7. Europe Commercial Vehicle Rental & Leasing Market Analysis, Insights and Forecast, 2018-2029
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Vehicle Type
7.2.1. Car
7.2.2. Light Trucks
7.2.3. Heavy/ Medium Trucks
7.3. Market Analysis, Insights and Forecast – By Application Type
7.3.1. Enterprise Leasing
7.3.2. Personal Leasing
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. United Kingdom
7.4.1.1. By Application Type
7.4.1.2. By Vehicle Type
7.4.2. Germany
7.4.2.1. By Application Type
7.4.2.2. By Vehicle Type
7.4.3. France
7.4.3.1. By Application Type
7.4.3.2. By Vehicle Typpe
7.4.4. Rest of Europe
7.4.4.1. By Application Type
8. Asia Pacific Commercial Vehicle Rental & Leasing Market Analysis, Insights and Forecast, 2018-2029
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Vehicle Type
8.2.1. Car
8.2.2. Light trucks
8.2.3. Heavy/ medium Trucks
8.3. Market Analysis, Insights and Forecast – By Application Type
8.3.1. Enterprise Leasing
8.3.2. Personal Leasing
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.1.1. By Application Type
8.4.1.2. By Vehicle Type
8.4.2. India
8.4.2.1. By Application Type
8.4.2.2. By Vehicle Type
8.4.3. Japan
8.4.3.1. By Application Type
8.4.3.2. By Vehicle Type
8.4.4. South Korea
8.4.4.1. By Application Type
8.4.4.2. By Vehicle Type
8.4.5. Rest of Asia Pacific
8.4.5.1. By Application Type
8.4.5.2. By Vehicle Type
9. Rest of The World Commercial Vehicle Rental & Leasing Market Analysis, Insights and Forecast, 2018-2029
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Vehicle Type
9.2.1. Car
9.2.2. Light Trucks
9.2.3. Heavy/ Medium Trucks
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Enterprise Leasing
9.3.2. Personal Leasing
10. Competitive Analysis
10.1. Key Industry Developments
10.2. Global Market Share Analysis (2021)
10.3. Competition Dashboard
10.4. Comparative Analysis – Major Players
10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
10.5.1. Europcar Mobility Group (Paris, France)
10.5.1.1. Overview,
10.5.1.2. Products & services,
10.5.1.3. SWOT analysis,
10.5.1.4. Recent developments,
10.5.1.5. strategies,
10.5.1.6. financials (based on availability)
10.5.2. The Hertz Corporation (Florida, U.S.)
10.5.2.1. Overview,
10.5.2.2. Products & services,
10.5.2.3. SWOT analysis,
10.5.2.4. Recent developments,
10.5.2.5. strategies,
10.5.2.6. financials (based on availability)
10.5.3. ALD Automotive (Rueil-Malmaison, France)
10.5.3.1. Overview,
10.5.3.2. Products & services,
10.5.3.3. SWOT analysis,
10.5.3.4. Recent developments,
10.5.3.5. strategies,
10.5.3.6. financials (based on availability)
10.5.4. Sixt (Pullach, Germany)
10.5.4.1. Overview,
10.5.4.2. Products & services,
10.5.4.3. SWOT analysis,
10.5.4.4. Recent developments,
10.5.4.5. strategies,
10.5.4.6. financials (based on availability)
10.5.5. Enterprise Holdings, Inc. (St. Louis, Missouri, U.S.
10.5.5.1. Overview,
10.5.5.2. Products & services,
10.5.5.3. SWOT analysis,
10.5.5.4. Recent developments,
10.5.5.5. strategies,
10.5.5.6. financials (based on availability)
10.5.6. Petit Forestier (France)
10.5.6.1. Overview,
10.5.6.2. Products & services,
10.5.6.3. SWOT analysis,
10.5.6.4. Recent developments,
10.5.6.5. strategies,
10.5.6.6. financials (based on availability)
10.5.7. Arval (Paris, France)
10.5.7.1. Overview,
10.5.7.2. Products & services,
10.5.7.3. SWOT analysis,
10.5.7.4. Recent developments,
10.5.7.5. strategies,
10.5.7.6. financials (based on availability)
10.5.8. LeasePlan (Netherlands)
10.5.8.1. Overview,
10.5.8.2. Products & services,
10.5.8.3. SWOT analysis,
10.5.8.4. Recent developments,
10.5.8.5. strategies,
10.5.8.6. financials (based on availability)
10.5.9. Clovis Location. (Lyon, France)
10.5.9.1. Overview,
10.5.9.2. Products & services,
10.5.9.3. SWOT analysis,
10.5.9.4. Recent developments,
10.5.9.5. strategies,
10.5.9.6. financials (based on availability)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us