Vehicle Leasing Market In Europe 2020-2024
Technavio has been monitoring the vehicle leasing market in Europe and it is poised to grow by $ 56.58 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on 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 Europe market scenario, latest trends and drivers, and the overall market environment. The market is driven cost-effective way of obtaining a vehicle, growing demand for vehicle leasing from SMEs, and rising technological obsolescence of older vehicles. In addition, Cost-effective way of obtaining a vehicle is anticipated to boost the growth of the market as well.
The vehicle leasing market in Europe market analysis include type segment and geographic landscapes
Technavio's vehicle leasing market in Europe is segmented as below:
- Passenger cars
- Commercial vehicles
By Geographic Landscapes
- Rest of Europe
This study identifies use of telematics in leased vehicles 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 demand for EV leasing due to the need for optimum performance and reduction of emissions will lead to sizable demand in the market.
Technavio 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. Our 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
Technavio's 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, Arval Service Lease, BMW AG, Daimler AG, Deutsche Sparkassen Leasing AG & Co. KG, Europcar Mobility Group SA, LeasePlan Corp. NV, Natixis SA, Sixt SE, and Volkswagen AG. 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 on 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.