The Business Research Company’s leasing global market report, covers the year-on-year
growth of the global leasing
market historic and forecast growth. It also includes
chapters on the leasing market trends, geographical analysis, and
competitive landscape.
Find TBRC’s Report On
The Global Leasing Market:
https://www.thebusinessresearchcompany.com/report/leasing-global-market-report
The global leasing market is forecasted to grow at
a CAGR (compound annual growth rate) of around 10% by 2022.
Global
Leasing Market Trends
The leasing and rental market consists of the
revenues of entities (organizations, sole traders and partnerships) that
provide the use of a wide array of tangible goods, such as automobiles,
computers, consumer goods, and industrial machinery and equipment, to customers
in return for a periodic rental or lease payment. The leasing industry includes
establishments that rent consumer goods and equipment and establishments that
lease machinery and equipment often used for business operations.
Internet of things technology is widely being
used by car rental and leasing companies in the maintenance and management of
fleets. Internet of things is a network of internet connected objects or
devices able to collect and exchange data using embedded sensors. Using IoT
technology, car leasing companies are able to access odometer and diagnostic
trouble codes (DTCs) in real time that facilitates fleet maintenance. This
technology is also being used by car rental companies to check fuel level
information at the point of car return, eliminating the need for staff to check
fuel levels manually. Further, virtual key solutions for locking and unlocking
of door help avoid management of large number of physical keys. For example,
car rental firm Hertz is implementing IoT technology to provide keyless car
rental services and manage its fleet to reduce costs.
The global leasing market is primarily driven due
to several factors which include increasing public and private investments in
construction industry and government initiatives to boost end user industries.
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The global leasing market report covers the
following regions under the geographical analysis section: Asia Pacific,
Western Europe, North America, Middle East, Africa, South America, and Eastern
Europe. Major countries under each of these regions are also covered under the
country analysis chapters.
With increasing demand for leasing services
from business establishments that are increasingly focusing on avoiding capital
investments on machinery and equipment and preferring leased equipment, the scope
and potential of the global leasing market is expected to increase in the
forecast period. TBRC’s report also covers the drivers and restraints in the global
leasing market.
The global leasing market segment shares in each
geographic region are mentioned in the report, along with the historic and
forecast growth rates for each segment presented visually with supporting reasons
to justify the growth rates.
The top companies included in the global leasing
market 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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