Car Leasing Market Size to Grow by USD 51.32 Bn, Global Trucking Market Categorized as Parent Market – Technavio – QNT Press Release

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NEW YORK, Oct. 10, 2022 /PRNewswire/ — The “Car Leasing Market by End-user (Commercial and Non-commercial) and Geography (APAC, Europe, North America, South Americaand Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the car leasing market size between 2021 and 2026 is USD 51.32 billion. To get the exact yearly growth variance and the YOY growth rate, Request a FREE PDF Sample Report

Parent Market Analysis

Technavio has categorized the global car leasing market as a part of the global trucking market. The parent market, the global trucking market, covers companies that are engaged in goods and passenger land transportation, including vehicle rental and taxi companies. Technavio calculates the global transportation industry market size based on combined revenue generated by companies operating in air freight and logistics , airlines, marine, railroads, and trucking sub-industries. Growth of the global trucking market will be driven by factors such as increasing volumes of goods transport, rise in vehicle rentals due to growing travel and tourism, increased share of trucking in freight transport , impact of e-commerce and omnichannel retailing, and implementation of new technologies. However, the market growth will be challenged by factors such as intense competition from the unorganized sector, shortage of drivers, and increasing operational costs.

Key Market Dynamics

The rising technological obsolescence of older cars, effective means of personal transportation for businesses, and economic way of acquiring a car are driving the growth of the car leasing market. However, factors such as limited customer awareness and acceptance in semi-urban and rural areas , value proposition of used cars, and increased challenge from on-demand taxi operators are challenging the growth of the market.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Market Segmentation

The car leasing market report is segmented by end-user (commercial and non-commercial) and geography (APAC, Europe, North America, South Americaand Middle East and Africa). APAC will be the leading region with 40% of the market’s growth during the forecast period. China, Japanand India are the key countries for the car leasing market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report

Some Companies Mentioned

• ALD SA
• Arval Service Lease
• Autoflex Leasing
• Avis Budget Group Inc.
• Bayerische Motoren Werke AG
• Caldwell Leasing
• Deutsche Sparkassen Leasing AG and Co. KG
• Enterprise Holdings Inc.
• Executive Car Leasing Co.
• ExpatRide International Inc.
• Hertz Global Holdings Inc.
• International Car Lease Holding
• LeasePlan Corp. NV
• Masterlease Group
• Mazda Motor Corp
• Mercedes Benz Group AG
• Orix Corp.
• SIXT SE
• Terberg Business Lease Group BV
• Volkswagen AG

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Full story available on Benzinga.com

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