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Global Vehicle Leasing Outlook, 2023
Digitalization Empowers Leasing Industry Growth, and the Market is Expected to Reach $202.50 Billion by the End of 2023
10-Jul-2023
North America
Market Outlook
PEA8-01-00-00-00
TEMP_2023_22
Vehicle leasing addresses the challenges companies face in meeting their mobility needs, including funding, fleet maintenance, and handling residual risk. In the current market conditions, companies—both big and small—must focus on their core products and services; therefore, they look to outsource all other support activities, including mobility, which requires significant resources in terms of money and time. From fleet purchases to re-marketing at a better price, and for each intermediary segment in the value chain, issues, such as unnecessary cost spikes, utilization mismatches, fleet maintenance irregularities, and the risk of dips in residual value, can crop up. Corporates prefer leasing their fleets as a hassle-free service with benefits, including on-demand mobility and aftermarket services. This demand has driven growth and provided the leasing market with structure and a regulated ecosystem.
The evolution of any industry depends on transformational trends linked to regional macroeconomic factors and emerging business models that reflect innovation. This Frost & Sullivan study analyzes transformational trends, such as electric vehicle (EV) leasing, private vehicle leasing, used-car leasing, and car subscription mobility models. Other trends, such as small and mid-sized enterprise (SME) leasing, fleet connectivity, and digitalization (blockchain in the leasing industry), are also discussed. In addition, the study presents important growth opportunities and strategic imperatives that aid leasing providers and other companies' pursuit of growth and success. Overall, the study provides a 360-degree understanding of the global vehicle leasing space (region-specific) and offers details on key trends, overall market dynamics, and future outlook.
Author: Abishek Narayanan
Vehicle Leasing Key Highlights, 2022
Vehicle Leasing Key Highlights, 2022 (continued)
Vehicle Leasing Challenges, 2022
Vehicle Leasing—Actuals versus Forecast, 2022
Vehicle Leasing Historic Sales
Vehicle Leasing Top Predictions, 2023
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Vehicle Leasing Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Segmentation
Company Car—Fleet Segmentation
Research Scope
Business Segment Regional Scope
Top 5 Global Economic Highlights, 2022
Top 5 Global Economic Highlights, 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions, 2023
Emerging Economy Predictions, 2023
Regional Risks and Policy Direction, 2023
Top Growth Opportunities by Region, 2023
Global Vehicle Leasing Revenue by Sector
Revenue Forecast by Segment
Revenue Forecast by Segment (continued)
Revenue Forecast by Region
Vehicle Leasing Metrics, Vehicles in Operation
Vehicle Leasing Metrics, New Registrations
Global Vehicle Leasing Competitive Landscape
Global Vehicle Leasing Competitive Landscape (continued)
Vehicle Leasing Key Segments and Participants, 2022
Global Leasing Market—Consolidation Deals, 2022
Global Leasing Market—Consolidation Deals, 2022 (continued)
Vehicle Leasing—Top Trends Driving the Industry, 2023
Prediction 1—Vehicle Fleet Electrification
Prediction 2—Increasing Used-car Leasing
Prediction 3—Digital Sales
Prediction 4—Market Consolidation
Prediction 5—Fleet Consulting
Prediction 6—B2C Leasing Focus in Europe
Prediction 7—Supply Chain Disruptions
Prediction 8—Leased Fleet Connectivity
Prediction 9—B2B Leasing Focus in the American Region
Prediction 10—Emerging Business around Fleet Aftermarket Services
Prediction 11—Leasing Contract Customization
Prediction 12—Leasing Contract Sharing
Company Car Fleet Funding Analysis
Retail Fleet Funding Analysis
Company Car New Registration, Powertrain Segmentation
Company Car New Registration, xEV Fleet Focus
Used-car Leasing Analysis
Regional Vehicle Leasing Summary, the Americas
Regional Vehicle Leasing Summary, Europe
Regional Vehicle Leasing Summary, Asia-Pacific
Regional Vehicle Leasing Summary, Rest of World
Growth Opportunity 1—Leased Fleet Connectivity
Growth Opportunity 1—Leased Fleet Connectivity (continued)
Growth Opportunity 2—EV Leasing
Growth Opportunity 2—EV Leasing (continued)
Growth Opportunity 3—Digitalization for Accelerated Business Growth
Growth Opportunity 3—Digitalization for Accelerated Business Growth (continued)
Growth Opportunity 4—Used-car Leasing to Address Vehicle Supply Shortages
Growth Opportunity 4—Used-car Leasing to Address Vehicle Supply Shortages (continued)
Conclusions
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Vehicle Leasing: Sales, Global, 2016-2027
- Vehicle Leasing: Total Revenue Forecast by Sector, Global, 2022 and 2023
- Vehicle Leasing: Revenue Forecast by Segment, Global, 2018-2027
- Vehicle Leasing: Revenue Forecast by Region, 2023
- Vehicle Leasing: Market Metrics—VIO, Global, 2022 and 2023
- Vehicle Leasing: Market Metrics—New Registrations, Global, 2022 and 2023
- Vehicle Leasing: Competitors’ Market Share, Corporate Operational Leasing, Global, 2021
- Vehicle Leasing: Competitors’ Market Share, Corporate Financial Leasing, Global, 2021
- Vehicle Leasing: Competitors’ Market Share, Private Leasing*, Global, 2021
- Vehicle Leasing: Company Car Forecast by Region and Funding Preference, Global, 2022 and 2023
- Vehicle Leasing: Retail Fleet Forecast by Region and Funding Preference, Global, 2022 and 2023
- Vehicle Leasing: Company Car New Registration, Funding Preference of Powertrain by Region, Global1, 2022 and 2023
- Vehicle Leasing: Company Car New Registration, Forecast by Powertrain and Funding Preference, Global1, 2022 and 2023
- Vehicle Leasing: Used-car Leasing Forecast by Region and Funding Preference, Global, 2022 and 2023
- Vehicle Leasing: Company Car Fleet Forecast by Country and Funding Preference, the Americas, 2022 and 2023
- Vehicle Leasing: Company Car Fleet Forecast by Country and Funding Preference, Europe*, 2022 and 2023
- Vehicle Leasing: Company Car Fleet Forecast by Country and Funding Preference, Asia-Pacific, 2022 and 2023
- Vehicle Leasing: Company Car Fleet Forecast by Country and Funding Preference, Rest of World, 2022 and 2023
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