The Business Research Company’s latest report Leasing Global Market Report 2020 covers Leasing market drivers, Leasing market trends, Leasing market segments, Leasing market growth rate, Leasing market major players, and Leasing market size. The report provides in-depth analysis of the impact of COVID-19 on the Leasing industry, along with revised market numbers due to the effects of the coronavirus.
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Leasing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global leasing market is expected to grow from $1398.5 billion in 2019 to $1415.3 billion in 2020 at a compound annual growth rate (CAGR) of 1.2%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1776 billion in 2023.
The global leasing market is segmented by type into automotive equipment leasing, consumer goods and general rental centers, machinery leasing, lessors of nonfinancial intangible assets, by mode into online, offline. Subsegments covered are passenger car rental, passenger car leasing, truck, utility trailer, and RV (recreational vehicle) rental and leasing, consumer goods rental, general rental centers, heavy construction machinery rental, commercial air, rail, and water transportation equipment rental, mining, oil and gas, and forestry machinery and equipment rental, office machinery and equipment rental, other commercial and industrial machinery and equipment rental, oil royalty companies, patent owners and lessors.
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