What Fueled The Previous Growth In The Financial Leasing Services Market?
The financial leasing services market has seen considerable growth due to a variety of factors.
• The financial leasing services market has expanded significantly in recent years. It is projected to increase from $221.11 billion in 2024 to $245.05 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%.
This growth is driven by factors such as economic progress, tax incentives, better asset utilization, industry-specific demand, and a heightened focus on risk management.
What Can Be Expected from the Financial Leasing Services Market Size?
The financial leasing services market is expected to maintain its strong growth trajectory in upcoming years.
• The financial leasing services market is expected to experience significant growth, reaching $365.74 billion by 2029 at a CAGR of 10.5%.
This growth is driven by sustainability initiatives, infrastructure investments, urbanization, smart cities, global supply chain optimization, and interest in asset-light models. Major trends include digital transformation, fintech solutions, growth in SME leasing, circular economy practices, and personalization.
What Are the Critical Driver Fuelling The Financial Leasing Services Market's Growth?
The growth of small and medium-sized enterprises (SMEs) is expected to drive the financial leasing services market. SMEs are expanding due to entrepreneurial activity and supportive business policies. Financial leasing services provide businesses with equipment and asset financing, allowing for improved cash flow and business growth. In May 2024, the House of Commons Library reported a slight increase in the number of private-sector businesses in the UK, demonstrating the growth of SMEs and driving the demand for financial leasing services.
How Is The Financial Leasing Services Market segmented?
The financial leasing services market covered in this report is segmented –
1) By Type: Capital Lease, Operating Lease, Other Types
2) By Provider: Banks, Non-Banks
3) By Application: Transportation, Aviation, Information Technology (IT) And Telecommunication, Manufacturing, Healthcare, Construction, Other Applications
Subsegments:
1) By Capital Lease: Direct Capital Lease, Sale And Leaseback Agreements, Leveraged Lease, Finance Lease, Synthetic Lease
2) By Operating Lease: Short-term Operating Lease, Long-Term Operating Lease, Equipment Leasing, Vehicle Leasing, Real Estate Leasing
3) By Other Types: Leaseback Financing, Sub-Leasing, Cross-Border Leasing, Synthetic Lease, Tax-Lease Financing
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What Trends Are Reshaping The Future Of The Financial Leasing Services Market?
Companies in the financial leasing services market are forming strategic partnerships to create tailored leasing solutions for large and midsized corporations. These collaborations enable companies to offer specialized financing options for sustainable energy practices. In April 2024, Eaton, a US-based intelligent power management company, partnered with BNP Paribas Leasing Solutions to provide financing solutions for businesses transitioning to sustainable energy practices, including electric vehicle charging stations.
Who Are the Key Players In The Financial Leasing Services Market?
Major companies operating in the financial leasing services market are:
• JPMorgan Chase & Co
• Bank of America Corporation
• Banco Santander S.A
• Wells Fargo & Company
• Siemens AG
• Citigroup Inc
• International Business Machines Corporation
• Royal Bank Of Canada
• HSBC Holdings plc
• Barclays plc
• Société Générale Equipment Finance
• U.S. Bancorp
• Nordea Bank AB
• KBC Lease
• Bank of Beijing Co. Ltd.
• ABN AMRO Bank N.V.
• First American Equipment Finance
• Macquarie Equipment Finance LLC
• General Electric Capital Corporation
• De Lage Landen International B.V.
• Deutsche Leasing AG
• Crédit Agricole Leasing & Factoring
• Hannover Leasing GmbH & Co. KG
• BNP Paribas Lease Group S.A.
What Is The Most Dominant Region In The Financial Leasing Services Market?
North America was the largest region in the financial leasing services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the financial leasing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
