Light Vehicle Leasing Market in South Africa, Forecast to 2022

Light Vehicle Leasing Market in South Africa, Forecast to 2022

Product Offerings are Constantly Evolving to Cater to the Growing Operational Leasing Market in South Africa

RELEASE DATE
26-Oct-2018
REGION
Africa
Research Code: ME60-01-00-00-00
SKU: AU01727-AF-MR_22485

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Description

The South African leasing market is constantly evolving as leasing companies and OEMs continue to develop products to meet the ever-changing needs of their customers. Significant growth within the operational leasing market in South Africa is expected as consumers become increasingly aware of the benefits of leasing. The market will be marked by increased competition as new market entrants are expected.

Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses in the present market conditions are focussed on their core products/services and seek to outsource all other support activities. Mobility is a significant department—starting from fleet purchase to remarketing at a competitive price—and for each of the segments 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 afterservice 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 the market size across passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/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 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 a five-year outlook on growth opportunities (over the 2017–2022 period). In addition to market data (PV and LCV) for both 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, 2017. 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, carsharing, 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 look at and 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

Market Engineering Measurements - New Registration

Market Engineering Measurements - Parc

Research Scope, Objectives & Methodology

Market Definitions

Market Structure

Socioeconomic Environment

PESTLE Analysis

Market Drivers

Market Restraints

Total Market (PV and LCV) - New Registrations

Total Market ( PV and LCV ) – Portfolio

Total Company Car Market – NR

Total Company Car Market – Portfolio

New Registrations

Portfolio

Operational Lease

Financial Lease

New Registration

New Registration - Direct vs Indirect

New Registration - Premium Vs Non Premium

Growth Opportunities

Strategic Imperatives

Key Conclusions and Future Outlook

List of Figures
  • 1. Light Vehicle Leasing Market: Key Findings, South Africa, 2017
  • 2. Light Vehicle Leasing Market: Key Market Drivers, South Africa, 2018-2022
  • 3. Light Vehicle Leasing Market: Key Market Restraints, South Africa, 2018-2022
  • 4. Light Vehicle Leasing Market: Key Conclusions and Future Outlook, South Africa, 2017-2022
List of Charts
  • 1. Light Vehicle Leasing Market: MEM New Registrations, South Africa, 2017
  • 2. Light Vehicle Leasing Market: MEM Parc, South Africa, 2017
  • 3. Light Vehicle Leasing Market: Vehicle Market Structure, South Africa, 2017
  • 4. Light Vehicle Leasing Market: Fleet Segmentation, South Africa, 2017
  • 5. Light Vehicle Leasing Market: Car Sharing, South Africa, 2017
  • 6. Light Vehicle Leasing Market: Socioeconomic Environment, South Africa, 2017
  • 7. Light Vehicle Leasing Market: PESTLE Analysis, South Africa, 2017
  • 8. Light Vehicle Leasing Market: New Registrations in Fleet Market, South Africa, 2013-2022
  • 9. Light Vehicle Leasing Market: Parc in Fleet Market, South Africa, 2013-2022
  • 10. Light Vehicle Leasing Market: New Registrations in Company Car Market, South Africa, 2013-2022
  • 11. Light Vehicle Leasing Market: Parc in Company Car Market, South Africa, 2013-2022
  • 12. Light Vehicle Leasing Market: NR in Private Leasing Market, South Africa, 2013-2022
  • 13. Light Vehicle Leasing Market: Parc in Private Leasing Market, South Africa, 2013-2022
  • 14. Light Vehicle Leasing Market: Operational Lease Parc, South Africa, 2017
  • 15. Light Vehicle Leasing Market: Financial Lease Parc, South Africa, 2017
  • 16. Light Vehicle Leasing Market: Powertrain Segmentation - New Registrations, South Africa, 2013, 2017 and 2022
  • 17. Light Vehicle Leasing Market: Sales Channel - NR, South Africa, 2013, 2017 and 2022
  • 18. Light Vehicle Leasing Market: Pricing Segmentation - NR, South Africa, 2013, 2017 and 2022
Related Research
The South African leasing market is constantly evolving as leasing companies and OEMs continue to develop products to meet the ever-changing needs of their customers. Significant growth within the operational leasing market in South Africa is expected as consumers become increasingly aware of the benefits of leasing. The market will be marked by increased competition as new market entrants are expected. Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses in the present market conditions are focussed on their core products/services and seek to outsource all other support activities. Mobility is a significant department—starting from fleet purchase to remarketing at a competitive price—and for each of the segments 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 afterservice 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 the market size across passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/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 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 a five-year outlook on growth opportunities (over the 2017–2022 period). In addition to market
More Information
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Podcast Yes
Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements - New Registration~ || Market Engineering Measurements - Parc~ | Research Scope and Definitions~ || Research Scope, Objectives & Methodology~ || Market Definitions~ || Market Structure~ | Macro Economic Analysis~ || Socioeconomic Environment~ || PESTLE Analysis~ | Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | Penetration Trend Analysis - Total Market~ || Total Market (PV and LCV) - New Registrations~ || Total Market ( PV and LCV ) – Portfolio~ | Penetration Trend Analysis - Company Car Market~ || Total Company Car Market – NR~ || Total Company Car Market – Portfolio~ | Private Leasing~ || New Registrations~ || Portfolio~ | Competitor Analysis~ || Operational Lease~ || Financial Lease~ | Powertrain Segmentation~ || New Registration~ | Sales Channel~ || New Registration - Direct vs Indirect~ | Premium Vs Non Premium~ || New Registration - Premium Vs Non Premium~ | Growth Opportunities and Companies to Action~ || Growth Opportunities~ || Strategic Imperatives~ | Key Conclusions and Future Outlook~ || Key Conclusions and Future Outlook~
List of Charts and Figures 1. Light Vehicle Leasing Market: Key Findings, South Africa, 2017~ 2. Light Vehicle Leasing Market: Key Market Drivers, South Africa, 2018-2022~ 3. Light Vehicle Leasing Market: Key Market Restraints, South Africa, 2018-2022~ 4. Light Vehicle Leasing Market: Key Conclusions and Future Outlook, South Africa, 2017-2022~| 1. Light Vehicle Leasing Market: MEM New Registrations, South Africa, 2017~ 2. Light Vehicle Leasing Market: MEM Parc, South Africa, 2017~ 3. Light Vehicle Leasing Market: Vehicle Market Structure, South Africa, 2017~ 4. Light Vehicle Leasing Market: Fleet Segmentation, South Africa, 2017~ 5. Light Vehicle Leasing Market: Car Sharing, South Africa, 2017~ 6. Light Vehicle Leasing Market: Socioeconomic Environment, South Africa, 2017~ 7. Light Vehicle Leasing Market: PESTLE Analysis, South Africa, 2017~ 8. Light Vehicle Leasing Market: New Registrations in Fleet Market, South Africa, 2013-2022~ 9. Light Vehicle Leasing Market: Parc in Fleet Market, South Africa, 2013-2022~ 10. Light Vehicle Leasing Market: New Registrations in Company Car Market, South Africa, 2013-2022~ 11. Light Vehicle Leasing Market: Parc in Company Car Market, South Africa, 2013-2022~ 12. Light Vehicle Leasing Market: NR in Private Leasing Market, South Africa, 2013-2022~ 13. Light Vehicle Leasing Market: Parc in Private Leasing Market, South Africa, 2013-2022~ 14. Light Vehicle Leasing Market: Operational Lease Parc, South Africa, 2017~ 15. Light Vehicle Leasing Market: Financial Lease Parc, South Africa, 2017~ 16. Light Vehicle Leasing Market: Powertrain Segmentation - New Registrations, South Africa, 2013, 2017 and 2022~ 17. Light Vehicle Leasing Market: Sales Channel - NR, South Africa, 2013, 2017 and 2022~ 18. Light Vehicle Leasing Market: Pricing Segmentation - NR, South Africa, 2013, 2017 and 2022~
Author Zaheera Ahmed
Industries Automotive
WIP Number ME60-01-00-00-00
Is Prebook No
GPS Codes 9B02-A6