The leasing services market comprises
establishments that provide the use of a wide variety of tangible goods such as
consumer goods, industrial machinery and equipment, automobiles and others and
assign intangible assets such as trademarks to customers in return for a
periodic rental or lease payment.
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The global leasing market has been
growing in the past years with a CAGR of almost 10%. The year 2017 recorded
high growth in this market with a net market value almost 30% higher than that
of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the global
leasing market to grow at a higher CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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With the rise in mobile phone and
internet penetration, online portals and mobile applications are widely being
used to rent or lease goods. These mobile applications and online portals
consist of an interface that enables users to view products and choose the
desired one to be rented. The online leasing portals may offer various types of
products or specialize in a single product. Major products being widely offered
for lease through online portals include electronics, furniture, appliances,
cameras, automobiles and others. According to PricewaterhouseCoopers, around
44% of US adults are familiar with the sharing economy which includes leasing
and global revenues for this market is expected to increase from $15 billion in
2014 to $335 billion by 2025.
Companies included in the report are Enterprise
Holdings Inc., Hertz Global Holdings Inc., LeasePlan Corporation N.V, Avis
Budget Group Inc., and United Rentals Inc.
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