Light Vehicle Leasing Market in Brazil, Forecast to 2023
Light Vehicle Leasing Market in Brazil, Forecast to 2023
Expected Economic Recovery and Increasing Popularity of Fleet Outsourcing Among Brazilian Companies to Drive Operational Leasing
19-Feb-2020
Latin America
Description
The Brazil automotive industry continues to grow—following a recovery in 2017—after years of declining vehicle registrations due to the region’s economic and political turmoil. The operational leasing or long-term rental segment has grown over the last four years in Brazil by addressing the mobility needs of corporates; it is now dominating the company car market as the preferred funding method. Therefore, creating differentiated offers with high value-addition will be critical for success in the next five years. Economic revival places Brazil in the best place for international companies to invest in bringing new mobility solutions to customers.
Vehicle leasing is seen as a solution to the growing number of mobility-based challenges faced by companies; these include challenges associated with vehicle funding, fleet maintenance, and residual risk handling. Businesses in the present market are focused on their core products and services and seek to outsource all other support activities. Mobility is an extensive market, covering fleet purchase to remarketing at a competitive price; furthermore, in each segment in the value chain (unless an expert team is on the job) issues such as cost spikes, utilisation mismatches, irregularities in fleet maintenance, and risks of dips in residual value can crop up.
Leasing the fleet enables hassle-free mobility, on-demand mobility, and fleet after-service facilities, amongst other benefits. This has driven the growth of the leasing market, given it a structure, and regulated the ecosystem. This study sheds light on market size across passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales and parc data for the total market and fleet and company-car (true fleet) segments. The company car segment is discussed in detail, with a focus on the actual development and the growth potential of financial leasing, operational leasing, and outright purchase.
The analysis also takes into account historical data and current market conditions and insights and opinions from market participants to provide a five-year outlook on growth opportunities (2018–2023). In addition to market data (PV and LCV) for new registrations and portfolio, the study provides actual competitor data (portfolio) for the leading leasing service providers in the country. Competitor data is available for both the leasing segments (operational and financial) for the base year, 2018.
The evolution of any industry depends on factors such as transformational trends, which in turn are linked to the macro-economic 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 the 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, which will 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 of the key trends, market overview, and outlook.
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings
Market Engineering Measurements—New Fleet and Company Car Registrations
Market Engineering Measurements—Fleet and Company Car Parc
Research Scope, Objectives, and Methodology
Market Definitions
Market Structure
Fleet Segmentation
Car Sharing
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Total New Fleet and Company Car Registrations
Total New Fleet and Company Car Parc
Total New Company Car Registrations
Total Company Car Parc
Powertrain Segmentation
Powertrain Segmentation (continued)
Sales Channel—Direct and Indirect
Vehicle Brand Class—Premium and Non-Premium
Vehicle Brand Class—Premium and Non-Premium (continued)
Operational Leasing
Financial Leasing
Total Private Leasing—New Registrations
Total Private Leasing—Parc
Growth Opportunities
Strategic Imperatives for Success and Growth
Key Conclusions and Future Outlook
Legal Disclaimer
Fleet Vehicle Leasing Program—How Can Frost & Sullivan Help?
List of Exhibits
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Popular Topics
No Index | No |
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Podcast | No |
Author | Gopi Sukumar |
Industries | Automotive |
WIP Number | K32F-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9965-A6,9B02-A6 |