The enterprise asset leasing market is experiencing growth
due to adoption of lease accounting software to facilitate
compliance, increase in requirement for enhanced flexibility, and
rise in focus on cost-efficiency.
WILMINGTON, Del., Aug. 13, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Enterprise
Asset Leasing Market by Asset Type (Commercial
Vehicles, Machinery and Industrial Equipment, Real Estate and IT
Equipment), Leasing Type (Operating Lease and Financial Lease),
Industry Vertical (Transportation & Logistics, Manufacturing,
Construction, IT & Telecom, Government & Public Sector and
Others), and Enterprises Size (Large Enterprises and Small and
Medium Enterprises): Global Opportunity Analysis and Industry
Forecast, 2024-2032". According to the report, the enterprise
asset leasing market was valued at $1.1
trillion in 2023, and is estimated to reach $2.8 trillion by 2032, growing at a CAGR of 11.8%
from 2024 to 2032.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂:
https://www.alliedmarketresearch.com/request-sample/A10318
Prime determinants of growth
Rise in focus of organizations on cost-efficiency is supporting
the growth of the market. Enterprises are increasingly adopting
asset leasing as a strategic financial choice. Moreover, leasing
provides a cost-efficient alternative to outright purchase,
reducing the burden of upfront capital expenditure.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base Year
|
2023
|
Market Size in
2023
|
$1.1
trillion
|
Market Size in
2032
|
$ 2.8
trillion
|
CAGR
|
11.8 %
|
No. of Pages in
Report
|
488
|
Segments
covered
|
Asset Type, Leasing
Type, Enterprises Size, Industry Vertical, and
Region
|
Drivers
|
• Increase in
trend of outsourcing non-core activities
• Growing demand
for commercial vehicles.
• Need for
businesses to save capital.
|
Opportunities
|
• Increase in
demand for flexible asset management solutions.
• Focus on
providing insurance, maintenance, and fleet
services
|
Restraints
|
• Financial
restrictions and uncertainties.
|
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:
https://www.alliedmarketresearch.com/purchase-enquiry/A10318
Segment Highlights
The commercial vehicles segment is expected to dominate the
market during the forecast period.
The commercial vehicles segment is expected to dominate the
market during the forecast period. The segment is expected to
continue growing due to factors such as industrialization and
infrastructure development, rise in last-mile delivery needs, and
the rise of e-commerce. Trucks, vans, and other transport vehicles
are considered commercial vehicles. Furthermore, businesses can
access the newest transportation technology without taking on the
burden of ownership by leasing commercial cars. Office buildings,
warehouses, and other commercial properties are included in real
estate leasing. Aside from this, businesses are choosing to lease
real estate instead of buying it outright to acquire desirable
locations for their operations.
The operating lease segment is expected to dominate the
market during the forecast period.
An operating lease is a type of short- to medium-term lease that
enables businesses to make use of assets without taking on
ownership obligations. It is applied to assets that either have a
short useful life or deteriorate quickly. It is also favored owing
to its flexibility, which allows lessees to upgrade to newer
equipment at the conclusion of the lease period with ease and
access assets without having to make large capital expenditures. A
capital lease, sometimes referred to as a financial lease, is a
long-term lease arrangement that more closely mimics asset
ownership.
The small and medium-sized enterprises segment is expected to
grow faster during the forecast period.
Small and medium-sized businesses (SMEs) frequently may not have
the funding available to purchase assets up front. Accordingly,
leasing is becoming a popular option for SMEs looking for an
affordable way to get the technology and equipment they need to
support their business. They may maintain their agility, protect
capital, and get the newest assets without making a significant
upfront investment by leasing.
The transportation and logistics segment is expected to
dominate the market during the forecast period.
Leasing commercial vehicles, such as trucks, vans, and
logistical equipment, is crucial for the transportation and
logistics industry. This approach allows businesses to expand their
fleets and meet the demand for efficient transportation services.
Leasing offers several benefits, including reduced capital
expenditure, flexibility in terms of vehicle choice and lease
duration, and lower maintenance costs due to the manufacturer's
warranty. Additionally, lease payments for business purposes are
often tax-deductible, which can reduce the overall tax liability.
Industrial equipment, technology assets, and machinery are
typically leased by manufacturing enterprises. Leasing also gives
them access to specialist equipment while controlling expenses and
guaranteeing productivity. Leasing heavy machinery, construction
equipment, and real estate properties is popular in the
construction sector.
Regional Outlook
North America is expected to
dominate the market during the forecast period. Accordingly, the
market is expanding due to the growing use of asset leasing, which
enables businesses to regularly update their technology and
equipment without having to bear the cost of ownership while
fostering efficiency and competitiveness. Additionally, the
region's advantageous regulatory frameworks are driving market
expansion.
Players: -
- General Electric
- ICBC Leasing Co Ltd
- Bohai Leasing Co Ltd
- BNP Paribas Leasing Solutions
- Hitachi Capital Plc
- Orix Leasing and Financial Services India Limited
- Lombard North Central Plc
- Societe Generale Equipment Finance
- White Oak
The report provides a detailed analysis of these key
players in the enterprise asset leasing market. These players have
adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐲𝐨𝐮𝐫
𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭:
https://www.alliedmarketresearch.com/request-for-customization/A10318
Recent Development:
- In June 2023, Accenture and
Microsoft collaborated to help organizations adopt generative AI,
accelerated by the cloud, to fundamentally transform their
businesses. The companies are co-developing new AI-powered industry
and functional solutions to help clients harness generative AI
across the enterprise. Accenture has already engaged with numerous
clients across industries around generative AI, such
as Radisson Hotel Group, the Ministry of Justice of
Spain, and Amadeus. The
collaboration builds on Accenture's recently announced $3 billion investment in AI, and they are
co-developing new industry and functional solutions and exploring
new use cases.
- In June 2024,
Piramal Enterprises made a substantial investment exceeding
$5 billion in projects by the
Puravankara Group. This strategic investment highlights
Piramal's confidence in the real estate sector and its
commitment to fostering growth and development through
collaboration with established industry players like Puravankara.
The investment covers a diverse portfolio of projects, including
commercial properties, residential ventures, and innovative living
spaces like villament.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market
segments, current trends, estimations, and dynamics of the
enterprise asset leasing market analysis from 2024 to 2032 to
identify the prevailing enterprise asset leasing market
opportunities.
- The market research is offered along with information related
to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers
and suppliers to enable stakeholders make profit-oriented business
decisions and strengthen their supplier-buyer network.
- In-depth analysis of the enterprise asset leasing market
segmentation assists to determine the prevailing market enterprise
asset leasing market opportunity.
- Major countries in each region are mapped according to their
revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides
a clear understanding of the present position of the market
players.
- The report includes the analysis of the regional as well as
global enterprise asset leasing market trends, key players, market
segments, application areas, enterprise asset leasing market share
and market growth strategies.
Enterprise Asset Leasing Market
Report Highlights
AspectsDetails
By Asset Type
- Commercial Vehicles
- Machinery and Industrial Equipment
- Real Estate
- IT Equipment
By Leasing Type
- Operating Lease
- Financial Lease
By Industry Vertical
- Transportation & Logistics
- Manufacturing
- Construction
- IT & Telecom
- Government & Public Sector
- Others
By Enterprises Size
- Large Enterprises
- Small and Medium Enterprises
By Region
- North
America (U.S., Canada, Mexico)
- Europe (France, Germany, Italy, Spain,
UK, Russia, Rest of Europe)
- Asia-Pacific (China, Japan,
India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
- LAMEA (Brazil,
South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Get Your 488-Page Report Now (PDF with Detailed Insights,
Charts, Tables, and Figures) @
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Key Market Players
ICBC Leasing Co Ltd, Orix Leasing and Financial Services India
Limited, Lombard North Central Plc, Societe Generale Equipment
Finance, Bohai Leasing Co Ltd, Hitachi Capital Plc, General
Electric, BNP Paribas Leasing Solutions, White Oak Company, LLC
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