Luxury car leasing primarily involves renting expensive luxury vehicles with unequalled levels of quality, comfort, and performance. These vehicles also have extravagant interiors, high-end equipment, and a reliable security system. These facilities are typically found close to busy intersections or airports. The business segment is predicted to hold the largest global share during the projection period. The leisure segment is anticipated to have the highest CAGR during the projection period. Consumers choose to hire luxury vehicles for a short while rather than buying and acquiring them. Luxury car leasing primarily involves renting expensive luxury vehicles with unequalled levels of quality, comfort, and performance. These vehicles also have extravagant interiors, high-end equipment, and a reliable security system. These facilities are typically found close to busy intersections or airports. The business segment is predicted to hold the largest global share during the projection period. The leisure segment is anticipated to have the highest CAGR during the projection period. Consumers choose to hire out luxury vehicles for a short while rather than buying and acquiring them.

During Covid-19, The financial performance of many manufacturers was greatly damaged by the COVID-19 pandemic-induced lockdown and economic catastrophe. Lockdowns forced rental car companies to go into survival mode and sell as many vehicles as they could in an effort to stop the virus's spread. Major rental companies saw a direct decline in profits as a result of lessened airport traffic congestion and general lower tourism.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Advantage OPCO, ALD Automotive, Avis budget group, Bettercar Rental, Carzonrent India pvt ltd, Eco Rent a Car, Enterprise Holdings Inc., Europcar, LeasePlan, Localiza, Mychoize, National Car Rental, ORIX, Shenzhen Topone Car Rental Co. Ltd, SIXT, The Hertz Corporation, Zoomcar India Private Limited.

By Type: Based on the Type, Global Luxury Car Leasing Market is segmented as; Compact, Mid-Size, Full-Size, Luxury Crossovers, Minivans, Luxury SUVs

By Rental Type: Based on the Rental Type, Global Luxury Car Leasing Market is segmented as; Business, Leisure

By Term: Based on the Term, Global Luxury Car Leasing Market is segmented as; Short-term rental, Long-term rental, Finance leasing

By Category: Based on the Category, Global Luxury Car Leasing Market is segmented as; Self-Driven, Chauffeur-Driven

By Applications: Based on the Applications, Global Luxury Car Leasing Market is segmented as; Airport, Off-airport.

By Booking Mode: Based on the Booking Mode, Global Luxury Car Leasing Market is segmented as; Online, Offline

By End-User: Based on the End-User, Global Luxury Car Leasing Market is segmented as; Local Usage, Airport Transport, Outstation, Others.

By Region: The Global Luxury Car Leasing Market is divided into four regions based on geography: North America, Europe, Asia Pacific, and the Rest of the World. In terms of revenue share, the Asia Pacific region dominated the industry. Over the course of the predicted period, the region is expected to maintain its supremacy. The expansion of the tourism industry in nations like China and India increased disposable income, and the rising population contribute to this growth. Additionally, it is projected that throughout the course of the forecast year, a rise in business visitors' desire for luxury car rental services will fuel regional growth. Due to the high demand for lodgings for business travellers in major cities like New York City, Los Angeles, Chicago O'Hare Airport, and Dallas/Fort Worth International Airport, among others, North America accounted for a sizeable portion of income.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.