Leasing Global Market To Increase Significantly
The Business Research Company’s leasing global market report, covers the year-on-year growth of the global leasing market historic and forecast growth. It also includes chapters on the leasing market trends, geographical analysis, and competitive landscape.
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https://www.thebusinessresearchcompany.com/report/leasing-global-market-report
The global leasing market is forecasted to grow at a CAGR (compound annual growth rate) of around 10% by 2022.
Global Leasing Market Trends
The leasing and rental market consists of the revenues of entities (organizations, sole traders and partnerships) that provide the use of a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The leasing industry includes establishments that rent consumer goods and equipment and establishments that lease machinery and equipment often used for business operations.
Internet of things technology is widely being used by car rental and leasing companies in the maintenance and management of fleets. Internet of things is a network of internet connected objects or devices able to collect and exchange data using embedded sensors. Using IoT technology, car leasing companies are able to access odometer and diagnostic trouble codes (DTCs) in real time that facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking of door help avoid management of large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs.
The global leasing market is primarily driven due to several factors which include increasing public and private investments in construction industry and government initiatives to boost end user industries.
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The global leasing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing demand for leasing services from business establishments that are increasingly focusing on avoiding capital investments on machinery and equipment and preferring leased equipment, the scope and potential of the global leasing market is expected to increase in the forecast period. TBRC’s report also covers the drivers and restraints in the global leasing market.
The global leasing market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global leasing market report are Enterprise Holdings Inc, Hertz Global Holdings Inc, LeasePlan Corporation N V, Avis Budget Group Inc, and United Rentals Inc.
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