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Car Leasing Market Analysis by Lease Type (Operating Lease, and Finance Lease); and by Application (Personal, and Commercial)– Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • Volkswagen AG – announced new online leasing service. Customers can now lease the all-electric ID.4 and ID.5 models from Volkswagen’s ID. family online from Volkswagen in Germany.

  • Hertz Corporation - announced a significant investment offering the largest EV rental fleet in North America. This includes new EV charging infrastructure across the company's global operations and an initial order of 100,000 Teslas by the end of 2022.

  • Orix Auto Infrastructure Service Limited – announced that Volvo Car India has partnered with Orix and has launched a subscription programme for customers in Delhi and Haryana.

Global Car Leasing Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 82 Billion

Forecast Year Market Size (2033)

~ USD 150 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)


The global car leasing market is estimated to garner a revenue of ~USD 150 Million by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 82 Billion in the year 2022. The growth of the market can primarily be attributed to the growing penetration of cars as well as rising demand of cars along with increasing sales of passenger cars worldwide. It was found that, in 2021, global passenger car sales in America and Europe accounted for approximately 25% and 22% respectively.

car leasing market overview image

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With the rising prices of cars as well as overall cost of vehicles, the demand for car leasing is on the rise amongst the car users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global car leasing market during the forecast period. According to a study, in United States, the cost of a new vehicle including the average price of car purchase, loan rate and term length was found to rise by ~USD 13,000 from 2018 and 2022.

Global Car Leasing Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Electric Vehicles (EVs) - with consumer interest in electric vehicles (EV) and hybrid vehicles skyrocketing, the demand for EV car leasing market is escalating and is expected to drive the overall car leasing market in the projected period. For instance, ~18% of new passenger cars in the (European Union) EU are electrically-chargeable vehicles, while hybrids vehicles account for around 19% of total car sales.

  • Rising Trend of Car Leasing – companies in many countries across world are now open towards the earning that comes in through leasing a car. For instance, in India, ~40% of the business earnings were made from car leasing by most of the car making companies in 2019.

  • Upsurge in the Number of Cars Connected to the Internet of Things (IoT) – it was found that, in 2020, more than 90% of new car sold in the United States were connected.

  • Increasing Production of Motor Vehicles - which grew by ~1.3% compared to 2020, reaching to more than 78 million motor vehicles production worldwide, in 2021.


  • Possibility of Continuing Gap Insurance

  • Problem Related with Subscription Renewal – Car leasing requires frequent subscription renewal along with updating personal information and others. This trend is expected to slower the adoption rate of car leasing in the forecast period.

  • Challenge Associated with Long-Term Leasing

The global car leasing market is segmented and analyzed for demand and supply by application into personal and commercial. Amongst these segments, the commercial segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing purchasing power amongst people and high demand of commercial vehicle for varied purposes such as transportation and others along with the surge in the gross domestic product (GDP) per capita of nations worldwide. For instance, the GDP per capita of United States grew by ~9.9% in 2021, as compared to 2020, valuing around USD 69000.

Global Car Leasing Market Regional Synopsis

The North America car leasing market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile network in the region, growing number of cars along with rising trend of leasing a car amongst individuals and businesses. For instance, it was estimated that, ~ 30% of new-car shoppers chose leased a vehicle in 2019.

car leasing market share image

Market Segmentation

Our in-depth analysis of the global car leasing market includes the following segments:

       By Lease Type

  • Operating Lease
  • Finance Lease

       By Application

  • Personal
  • Commercial

Top Featured Companies Dominating the Global Car Leasing Market

  • Volkswagen AG

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Orix Auto Infrastructure Service Limited
  • Volvo Car Corporation
  • Sixt SE
  • General Motors LLC
  • Hertz Corporation
  • Europcar International Sasu
  • ALD International SA
  • Mercedes-Benz Group AG
  • Enterprise Holdings, Inc.


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