Global Private Vehicle Leasing Market Outlook, 2019

Global Private Vehicle Leasing Market Outlook, 2019

Private Operational Leasing will Suffer Decline in New Contracts Sold in 2019 Due to Market Saturation in the Dominant US Market; Sales in Southern and Eastern Europe is Expected to Offset the Decline

RELEASE DATE
07-Jun-2019
REGION
Global
Deliverable Type
Market Outlook
Research Code: MEC1-01-00-00-00
SKU: AU01857-EU-MO_23228
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Description

The global private vehicle leasing industry is experiencing positive growth, mainly due to robust growth in the Northern and Western parts of Europe. Retail car registrations are expected to grow 2.4% in 2019, mainly driven by BRICS and APAC markets. A positive macroeconomic outlook and the government’s expansionary policies are the main driving factors behind the retail growth. Increasing vehicle costs, interest rates, and uncertainty in car policies are top growth drivers for private leasing. Changing consumer preference towards a hassle-free usership experience over car ownership is another driver. Additionally, increasing scope of vehicles powered by alternative powertrains brings in high residual risks, where leasing proves to a viable car finance option.

Private leasing is seen as a solution to the growing number of challenges faced by company car users and credit buyers. Amongst others, these include challenges associated with vehicle maintenance, insurance claims and, more importantly, subsidiary claims handling. This study sheds light on the market size across passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/parc data for the retail market, operational lease, and financial lease of private vehicles. The different models of private vehicle leasing are discussed in detail, with a focus on the actual development and the growth potential of financial lease, operational lease, and outright purchase.

The analysis takes into account historical data and current market conditions and insights and opinions from market participants to provide 2019 outlook on growth opportunities. In addition to market data (PV and LCV) for the new registrations and portfolio, the study provides insights on different providers of private leasing service, with focus on their portfolio and sales strategies. The evolution of any industry depends on factors such as transformational trends that are linked to the macroeconomic factors of the region and the emerging business models that reflect innovation in mobility solutions, such as rental, car sharing, integrated mobility, and alternative powertrain. The study covers these evolutionary trends that are expected to shape the market. For leasing providers and other companies that share the leasing ecosystem, interest lies in the growth opportunities that they need to leverage and the strategic imperatives that aid in their pursuit of growth and success. Overall, the study provides a 360-degree understanding of the leasing space (region-specific) and offers a detailed account on the key trends, market overview, and outlook.

Table of Contents

Key Findings—Highlights of 2018

Key Findings—Predictions for 2019

Private Vehicle Leasing Market Analysis

Private Lease Development

Regional Market Summary—North America

Regional Market Summary—Europe

Regional Market Summary—BRICS

Regional Market Summary—APAC

Private Vehicle Leasing—Competitor Participation Rate

Competitor Analysis—Recent Developments in Private Lease, 2018

Project and Research Scope

Market Structure

Definitions—Vehicle Leasing

Private Vehicle Leasing Market Structure—End-user Perspective

Market Metrics—VIO, Global

Market Metrics—VIO, Europe

Private Leasing—Regional Overview

Evolution of Private Vehicle Leasing Market

Market Metrics—Market Evolution

Business Model Analysis—Private Leasing

Market Competition—OEM Captives

Market Competition—Independent Lease Companies

Market Competition—Banks and Financial Institutions

Market Competition—Dealerships

Private Leasing—Service Providers

Private OL—Customer Segmentation

Private Vehicle Leasing—Dominating Operational Contracts

Private OL Focus

Private Leasing Competes with Retail and Corporate Segments

Growth Opportunity—Private OL

Strategic Imperatives for Success and Growth

Used Car Leasing—Overview

Used Car Leasing

Leasing of Used Cars—Potential Opportunity

Private Leasing of Used Cars—Recent Developments

Growth Opportunities and Call to Action

Strategic Imperatives for Success and Growth

Private Lease Versus Shared Mobility Services

Private Lease Versus Shared Mobility Services (continued)

Private Lease Versus Shared Mobility Services (continued)

Private Lease Versus Shared Mobility Services (continued)

Private Lease Versus Shared Mobility Services (continued)

Growth Opportunities and Call to Action

Strategic Imperatives for Success and Growth

Opportunity Outlook—North America

Opportunity Outlook—Europe*

Opportunity Outlook—BRICS

Opportunity Outlook—APAC

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Table of Acronyms Used

Fleet & Leasing Market Database Platform

Fleet & Leasing Geographical Scope

Research Studies/Reports

Fleet & Leasing Research Titles

Global Fleet & Leasing Programme—Country Reports 2019

Global Fleet & Leasing Country Reports 2019

Global Fleet & Leasing Country Reports 2019

Global Fleet & Leasing Programme—2017–2018 Published Topics

Global Fleet & Leasing Programme—2013–2016 Published Topics

Global Fleet & Leasing Program2016 Published Topics

Global Fleet & Leasing Program016 Published Topics

List of Exhibits

List of Exhibits (continued)

The global private vehicle leasing industry is experiencing positive growth, mainly due to robust growth in the Northern and Western parts of Europe. Retail car registrations are expected to grow 2.4% in 2019, mainly driven by BRICS and APAC markets. A positive macroeconomic outlook and the government’s expansionary policies are the main driving factors behind the retail growth. Increasing vehicle costs, interest rates, and uncertainty in car policies are top growth drivers for private leasing. Changing consumer preference towards a hassle-free usership experience over car ownership is another driver. Additionally, increasing scope of vehicles powered by alternative powertrains brings in high residual risks, where leasing proves to a viable car finance option. Private leasing is seen as a solution to the growing number of challenges faced by company car users and credit buyers. Amongst others, these include challenges associated with vehicle maintenance, insurance claims and, more importantly, subsidiary claims handling. This study sheds light on the market size across passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/parc data for the retail market, operational lease, and financial lease of private vehicles. The different models of private vehicle leasing are discussed in detail, with a focus on the actual development and the growth potential of financial lease, operational lease, and outright purchase. The analysis takes into account historical data and current market conditions and insights and opinions from market participants to provide 2019 outlook on growth opportunities. In addition to market data (PV and LCV) for the new registrations and portfolio, the study provides insights on different providers of private leasing service, with focus on their portfolio and sales strategies. The evolution of any industry depends on factors such as transformational trends that are linked to the macroeconomic factors of the region and the emerging business models that reflect innovation in mobility solutions, such as rental, car sharing, integrated mobility, and alternative powertrain. The study covers these evolutionary trends that are expected to shape the market. For leasing providers and other companies that share the leasing ecosystem, interest lies in the growth opportunities that they need to leverage and the strategic imperatives that aid in their pursuit of growth and success. Overall, the study provides a 360-degree understanding of the leasing space (region-specific) and offers a detailed account on the key trends, market overview, and outlook.
More Information
Deliverable Type Market Outlook
No Index No
Podcast No
Author Gopi Sukumar
Industries Automotive
WIP Number MEC1-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B02-A6