Fleet Vehicle Leasing Market in Norway, Forecast to 2019

Popularity of Fleet Leasing and Green Vehicle Policies to Boost Company Car Segment

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Research Overview


This Frost & Sullivan research service analyses the fleet sales, vehicle lease products, opportunities, top players, growth drivers, restraints and challenges in the fleet vehicle leasing market in Norway. In this research, Frost & Sullivan's expert analysts thoroughly examine the following market segments:


 

  • Operational leasing
  • Financial leasing
  • Outright purchasing

 

Market Overview

Operational Leasing Set to Enhance the Company Car Market

Vehicle fleet leasing is the most popular funding method in the company car market in Norway, with operating lease dominating the fleet leasing market. The market share of operating lease is projected to increase, owing to its penetration in the small- and medium-sized enterprise (SME) sector, as more companies outsource their non-core activities to save taxes on vehicle purchase.

Operating lease is the preferred funding method for passenger vehicles, whereas financial lease is preferred for light commercial vehicles (LCV). The drop in oil prices and the consequent economic uncertainty is discouraging companies from investing in passenger vehicle fleets and LCV fleets.

A prominent trend in vehicle fleet and leasing market in Norway is the Government’s interest in promoting hybrid and electric vehicles. The Government is incentivizing electro mobility (e-mobility) by exempting purchase tax, lowering fuel cost; and offering toll-free roads, free parking and access to bus lanes. Hence, companies will be eager to upgrade to environment-friendly fleets, driving the growth of the overall fleet and leasing market. Furthermore, leasing attracts local corporates and SMEs with benefits such as the exemption of value added tax (VAT) for personal use of company cars by employees. This encourages the employees to opt for company cars as a perk or salary-sacrifice benefit.

Table of Contents

Fleet Vehicle Leasing Market in Norway, Forecast to 2019Executive SummaryKey FindingsMarket Engineering Measurements—New RegistrationMarket Engineering Measurements—PortfolioMarket Engineering Measurements—LeasingResearch Scope, Objectives, and MethodologyResearch Objectives and MethodologyProject and Research ScopeSector DefinitionsMacro Economical AnalysisSocioeconomic EnvironmentPESTLE AnalysisDrivers and Restraints—Fleet and Leasing MarketMarket DriversMarket Drivers ExplainedMarket RestraintsMarket Restraints ExplainedPenetration Trend Analysis—Fleet and Leasing MarketMarket StructureFleet and Leasing Market—New RegistrationsFleet and Leasing Market—PortfolioPassenger Vehicles Company Cars—New RegistrationsPassenger Vehicles Company Cars—PortfolioLCV Company Cars—New RegistrationsLCV Company Cars—PortfolioMarket Share and Competitive Analysis—Fleet and Leasing MarketCompetitor Portfolio Analysis—LeasingCompetitor Portfolio Analysis—Operational LeasingKey ConclusionsKey ConclusionsHow Can Frost & Sullivan Help?Legal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




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