The car leasing market is expected to register a CAGR of over 15% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Due to the extensive spread of the virus across the globe, the Industrials sector is anticipated to have Negative impact. The car leasing market will also showcase Negative impact during 2020-2024.
Car Leasing Market 2020-2024: Segmentation
Car Leasing Market is segmented as below:
APAC will offer several growth opportunities to market vendors during the forecast period. The large volume production of automotive, the rising population, and the growing spending power will significantly drive car leasing market growth in this region over the forecast period. China, India, Australia, South Korea, Japan, and Indonesia are the key markets for car leasing services in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The Industrials market is anticipated to have an indirect impact while the car leasing market demand will show At par growth. View market snapshot before purchasing
Off-lease cars has been an instrumental factor in influencing the growth of car leasing market. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
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Car Leasing Market 2020-2024: Vendor Analysis
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include ALD SA, Arval Service Lease, Athlon Car Lease International BV, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Europcar Mobility Group SA, Hertz Global Holdings Inc., LeasePlan Corporation NV, and Sixt SE.
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user by Volume
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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