The Global Leasing Market Is Forecast To Grow At A High CAGR To 2020
Posted by sainath on December 31st, 2018
The Business Research Company’s global leasing market analysis 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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The global leasing market is forecast to grow at a CAGR (compound annual growth rate) of around 10.3% to 2020.
Leasing Market Segmentation
According to TBRC’s global leasing market research, the market is split by segments into automotive equipment rental and leasing, consumer goods and general rental centers, lessors of nonfinancial intangible assets, and machinery rental.
The automotive equipment rental and leasing market comprises establishments that rent out or lease of passenger cars, trucks, utility vehicles, trailers, recreational vehicles.
The consumer goods and general rental centers market comprises establishments rent-out of consumer electronics, electrical appliances, home health equipment, recreational goods, formal clothes and costumes, and other goods.
The machinery rental market comprises establishments that rent out or lease machinery and equipment related to construction, mining, forestry, transportation, offices, other commercial and industrial machinery.
The lessors of nonfinancial intangible assets assign rights to assets such as trademarks, patents, brand names, franchise agreements for which a royalty payment or licensing fee is paid to the asset holder
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Although machinery rental market was the second largest segment of the global leasing market, it is forecast to grow at a higher CAGR of 11.2%, than the lessors of nonfinancial intangible assets segment which is the largest and is forecast to grow at around 10.5%. The reason for this can be attributed to the increase in demand for machinery rentals.
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.
The global leasing market’s 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 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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Joined: June 13th, 2018
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