Europe Private Vehicle Leasing Market Strategic Analysis

Europe Private Vehicle Leasing Market Strategic Analysis

Strong Market Growth Expected as Leasing Companies Turn Focus to Untapped Retail Segment and Increasing Customer Demand for Hassle-free Mobility Solutions

RELEASE DATE
21-Dec-2016
REGION
Europe
Research Code: MBB6-01-00-00-00
SKU: AU01440-EU-MR_19448

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
AU01440-EU-MR_19448

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The retail automobile market in Europe is undergoing a transformation in terms of the vehicle ownership model. The need of the current generation is moving toward mobility alone, and not ownership of the vehicle. This has opened up the market for several retail financing products, one of which is the private leasing contract. The benefits in a private lease—such as maintenance-free possession, low risk on residual value, and options at the end of contract—are attracting customers looking for affordable alternatives. Will this demand be met with enough supply and drive growth of the private lease market in Europe?

This research service is based on actual figures focusing on “private leasing” for the period 2013 to 2015. A forecast of market growth is provided for the period 2016–2020. The geographic scope is EU-26, and vehicle segmentation covers light vehicles, i.e., passenger vehicles (PV) and light commercial vehicles (LCV).

Key Questions this Study Will Answer:
1.     What is private vehicle leasing and where does it fit in the vehicle financing ecosystem?
2.     What are the distribution channels providing the private leasing product, and how is it categorised?
3.     What is the business environment of the vehicle leasing market in Europe?
4.     What is the penetration of private lease contracts in the retail segment?
5.     What factors are likely to drive and determine the growth of the private leasing market between 2016 and 2020?
6.     Which are the key participants offering private leasing product, and what are their profiles?
7.     Which are the key customers responsible for growth in the private leasing market?
8.     How is the mobility market expected to evolve with innovative mobility models?

Increase in vehicle density on the road, lack of parking slots, and high maintenance costs are transforming the mobility market in Europe. Travel is the key demand and not the asset (car)—hence, customers are looking for alternative options to owning a vehicle. Customers wish to keep up with the trend in terms of new cars every 3–4 years. Also, the preference in flexible mobility options is pushing customers to look for alternatives to owning a car and maintaining it.

Firstly, the need of the customer is changing, so what is in it for private lease products? Is it an opportunity for leasing providers?
Secondly, leasing companies have mostly covered so many corporates across the region that there is little left for them to explore. How is this going to change the arena of the private leasing market?

Rising costs of owning a vehicle inhibit customers from replacing their cars and make them look for alternatives such as public transport, car rentals, and taxis. A few of these options are comfortable but expensive. So, an option of mobility at an affordable price along with comfort would fill this requirement gap. Leasing companies have already started focusing on this retail financing segment to expand their market share early with a first mover advantage.

Table of Contents

Key Findings

Market Engineering Measurements

Product Overview

Private Leasing Contract—Process Map

Private Leasing Market—New Registrations

Regional Overview

Product Benchmarking

Current Status and Outlook

Research Scope

Research Aim and Objectives

Key Questions This Study Will Answer

Research Background

Research Methodology

Key Participant Groups

Automotive Market Structure

Customer Segmentation

Evolution of Private Leasing Market

Transformation in Mobility

Automobile Market—Total Sales

Market Metrics—Retail Funding Splits

PESTLE Analysis

Private Leasing—Distribution Channel Analysis

Private Leasing—Direct Distribution Channel

Private Leasing—Indirect Distribution Channel

Market Engineering Measurements

Annual Sales

Market Forecast

Private Leasing New Contract Volumes, 2015 and 2020

Private Leasing—Opportunity for Used Cars

Country Analysis—Germany

Country Analysis—Switzerland

Country Analysis—The United Kingdom

Country Analysis—Italy

Country Analysis—Spain

Country Analysis—Nordics

Country Analysis—Benelux

Country Analysis—The United States

Growth Opportunity—Private Vehicle Leasing Market

Future of Mobility Models

Peer-to-Peer Lending

Fractional Leasing

Volkswagen Financial Services—Company Information

Toyota Financial Services—Company Information

ALD Automotive—Company Information

LeasePlan—Company Information

Provider Profiles—Other Participants

Provider Profiles—Other Participants (continued)

Conclusions

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Vehicle Leasing Market—Definitions

Vehicle Leasing Market—Definitions (continued)

Country Codes

Abbreviations

Related Research
The retail automobile market in Europe is undergoing a transformation in terms of the vehicle ownership model. The need of the current generation is moving toward mobility alone, and not ownership of the vehicle. This has opened up the market for several retail financing products, one of which is the private leasing contract. The benefits in a private lease—such as maintenance-free possession, low risk on residual value, and options at the end of contract—are attracting customers looking for affordable alternatives. Will this demand be met with enough supply and drive growth of the private lease market in Europe? This research service is based on actual figures focusing on “private leasing” for the period 2013 to 2015. A forecast of market growth is provided for the period 2016–2020. The geographic scope is EU-26, and vehicle segmentation covers light vehicles, i.e., passenger vehicles (PV) and light commercial vehicles (LCV). Key Questions this Study Will Answer: 1. What is private vehicle leasing and where does it fit in the vehicle financing ecosystem? 2. What are the distribution channels providing the private leasing product, and how is it categorised? 3. What is the business environment of the vehicle leasing market in Europe? 4. What is the penetration of private lease contracts in the retail segment? 5. What factors are likely to drive and determine the growth of the private leasing market between 2016 and 2020? 6. Which are the key participants offering private leasing product, and what are their profiles? 7. Which are the key customers responsible for growth in the private leasing market? 8. How is the mobility market expected to evolve with innovative mobility models? Increase in vehicle density on the road, lack of parking slots, and high maintenance costs are transforming the mobility market in Europe. Travel is the key demand and not the asset (car)—hence, customers are looking for alternative options to owning a vehicle. Customers wish to keep up with the trend in terms of new cars every 3–4 years. Also, the preference in flexible mobility options is pushing customers to look for alternatives to owning a car and maintaining it. Firstly, the need of the customer is changing, so what is in it for private lease products? Is it an opportunity for leasing providers? Secondly, leasing companies have mostly covered so many corporates across the region that there is little left for them to explore. How is this going to change the arena of the private leasing market? Rising costs of owning a vehicle inhibit customers from replacing their cars and make them look for alternatives such as public transport, car rentals, and taxis. A few of these options are comfortable but expensive. So, an option of mobility at an affordable price along with comfort would fill this requirement gap. Leasing companies have already started focusing on this retail financing segment to expand their market share early with a first mover advantage.
More Information
No Index No
Podcast No
Lightbox Content Fleet Leasing - Market Database Platform|With coverage of 37 countries and its focus on True Fleet|https://store.frost.com/ifrost-databases-fleet-leasing.html
Author Niall Robertson
Industries Automotive
WIP Number MBB6-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B02-A6