How Global Leasing Market Players Should Strategize For 2022-2031

The global leasing market size is expected to grow from $1.35 trillion in 2021 to $1.53 trillion in 2022 at a compound annual growth rate (CAGR) of 12.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The leasing market is expected to reach $2.40 trillion in 2026 at a CAGR of 12.0%.

What is the Global Leasing Market?

The leasing market consists of sales of leasing services by entities (organizations, sole traders and partnerships) that use 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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What drives the Global Leasing Market?

The emergence of startups as major clients of leasing service providers is expected to drive the leasing market. Driven by cost efficiency and the necessity to acquire advanced equipment which are often highly priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the leasing market. For instance, according to the Department for Promotion of Industry and Internal Trade report, there are 16,000 start-ups in India during 2020-2021, depicting new opportunities for the leasing market in the client expansion and revenue generation.

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Global Leasing Market Segments
The global leasing market is segmented:
By Type: Automotive Equipment Leasing, Consumer Goods and General Rental Centers, Machinery Leasing, Lessors of Nonfinancial Intangible Assets
By Mode: Online, Offline
By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Others
By Geography: The regions covered in the leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Leasing Global Market Report 2022provides market size and growth forecasts for the global leasing market, global leasing market share, leasing market segments and geographies, leasing market competitive landscape including leading competitors’ revenues, profiles and market shares. The leasing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Leasing Industry Playersinclude Enterprise Holdings Inc, Berkshire Hathaway Inc., McDonald's, Daimler AG, LeasePlan Corporation N.V., General Electric Company, United Rentals Inc, Koninklijke Ahold Delhaize N.V, Tokyo Century and Ford Motor Co. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.