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.
The top five companies covered are Enterprise Holdings Inc, Hertz Global Holdings Inc, LeasePlan Corporation N.V., Avis Budget Group Inc and United Rentals Inc. Enterprise Holdings Inc. was the largest company in the leasing services market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global leasing market was valued at around $1.7 trillion in 2017. Asia Pacific was the largest region in the leasing market in 2017, accounting for under 39% market share. The USA was the largest country in the market in 2017, accounting for 22% market share.
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.
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