The enterprise asset leasing global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Asset Leasing Market, 2024The enterprise asset leasing global market report 2024
Market Size –
The enterprise asset leasing market size has grown rapidly in recent years. It will grow from $986.85 billion in 2023 to $1,103.27 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to cost efficiency, regulatory compliance, operational flexibility, expansion into new markets, and increasing adoption across industries.
The enterprise asset leasing market size is expected to see rapid growth in the next few years. It will grow to $1,742.14 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to growth in emerging markets, shifting customer preferences towards subscription-based models, increased emphasis on cybersecurity in leased assets, and innovation in lease financing options. Major trends in the forecast period include renewable energy and sustainable technologies, integration of artificial intelligence and IoT for asset monitoring and management, growth in leasing of specialized industrial equipment for manufacturing and logistics, adoption of blockchain technology for transparent lease agreements, rising popularity of short-term and on-demand leasing models, and enhanced focus on cybersecurity measures for leased assets.
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Scope Of Enterprise Asset Leasing MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Asset Leasing Market Overview
Market Drivers –
The rising demand for commercial vehicles is projected to drive the enterprise asset leasing market. Commercial vehicles are used for transporting goods or passengers for business purposes and are vital in industries like logistics, transportation, construction, and public services. The growing demand for commercial vehicles is fueled by increasing urbanization, expanding industries, and a higher demand for goods and services. Enterprise asset leasing provides businesses with flexible financing options, allowing them to acquire and maintain fleets without significant upfront costs. For example, in January 2022, the European Automobile Manufacturers’ Association reported that commercial vehicle registrations in the EU increased by 9.6%, reaching 1.88 million units in 2021. As a result, the rising demand for commercial vehicles will continue to drive the growth of the enterprise asset leasing market.
Market Trends –
Major companies operating in the enterprise asset leasing market are focusing on advanced financing options, such as all-inclusive leasing packages, to attract customers by offering a more convenient and cost-effective solution for managing assets. All-inclusive leasing packages offer complete services, including maintenance, repairs, and insurance, all covered under one lease payment, making it easier and more convenient for the lessee. For instance, in October 2022, Volvo Construction Equipment, a Sweden-based construction solutions company, launched a new leasing option for the company’s electric compact equipment. It is an all-inclusive leasing package for its electric compact equipment in the U.S. and Canada, available through Volvo Financial Services (VFS). This innovative financing option simplifies ownership by bundling charging, maintenance, repairs, and extended coverage, offering up to 15% savings compared to purchasing items separately. The key features include an equipment maintenance plan, extended repair coverage beyond the factory warranty, optional physical damage insurance in the U.S., and the ability to finance a charger within the same lease terms, resulting in a single, consolidated monthly payment.
The enterprise asset leasing market covered in this report is segmented –
1) By Asset Type: Commercial Vehicles, Machinery And Industrial Equipment, Real Estate, Information Technology (IT) Equipment, Other Asset Types
2) By Leasing Type: Operating Lease, Financial Lease
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Industry Vertical: Transportation And Logistics, Manufacturing, Construction, Information Technology (IT) And Telecommunications, Government And Public Sector, Other Industry Verticals
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Regional Insights –
North America was the largest region in the enterprise asset leasing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise asset leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are General Electric Company, John Deere Financial, BNP Paribas SA, Komatsu Financial LP, Liebherr-International Deutschland GmbH, Wells Fargo & Company, Orix Corporation, LeasePlan Corporation N.V., United Rentals Inc., Deutsche Leasing AG, Fifth Third Bank, Ashtead Group plc, Bohai Leasing Co. Ltd., Herc Rentals Inc., Caterpillar Financial Services Corporation, CIT Group Inc., De Lage Landen International BV, Maxim Crane Works L.P., Ahern Rentals Inc., Marlin Business Services Corp., BlueLine Rental, Mitsubishi HC Capital Inc., Mexarrend S.A.P.I. de C.V., ICBC Financial Leasing Co. Ltd
Table of Contents
1. Executive Summary
2. Enterprise Asset Leasing Market Characteristics
3. Enterprise Asset Leasing Market Trends And Strategies
4. Enterprise Asset Leasing Market – Macro Economic Scenario
5. Global Enterprise Asset Leasing Market Size and Growth
…
32. Global Enterprise Asset Leasing Market Competitive Benchmarking
33. Global Enterprise Asset Leasing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Enterprise Asset Leasing Market
35. Enterprise Asset Leasing Market Future Outlook and Potential Analysis
36. Appendix
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