Albany, NY -- (SBWIRE) -- 07/05/2017 -- Leasing a car is a system of possessing a brand new or used car by paying to use it for a definite time. Many vendors offer a range of vehicles that can be leased by customers for a period as and when required. Leasing is similar to renting a car; however, the former is for a relatively longer period. It involves two parties: A lessor and a lessee. Car leasing is not as same as buying a car or renting one. It is an arrangement where in a customer pays to the leasing company for the right to drive a car. The monthly payments that are made as a part of lease agreement do not add to the lessee's equity (ownership) in the car. The monthly payments just allow the customer to drive the vehicle for a specified period, which is usually 2-3 years.

Technavios analysts forecast the global Car Leasing market to grow at a CAGR of 12.61% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global Car Leasing market for 2017-2021. To calculate the market size, the report considers the units of passenger cars leased during the forecast period.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Car Leasing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

ALD Automotive

Arval

ExpatRide

LeasePlan

Sixt

Other prominent vendors

BT Fleet

Free2Move Lease

Daimler Fleet Management

Hitachi Capital Vehicle Solutions

Inchcape Fleet Solutions

Masterlease

Market driver

Easy replacement of cars and cost-saving advantages

For a full, detailed list, view our report

Market challenge

Calculation of residual values of cars

For a full, detailed list, view our report

Market trend

Development of new mobility concepts by leasing companies

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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