Luxury Car Leasing Market Size, Growth, Demand, Price, Competition and Future Share 2032
Luxury Car Leasing Market Size- By Type, By Rental Type, By Term, By Category, By Applications, By Booking Mode, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: AMIN2323 | Pages: 1 - 221 | Formats*: |
| Category : Automotive & Transportation | |||
Global Luxury Car Leasing Market Overview
According to SPER Market Research, the Global Luxury Car Leasing Market is estimated to reach USD 74.18 billion by 2032 with a CAGR of 13.51%.
Luxury car leasing includes renting out expensive vehicles for work or play. Globally, as the population has grown, so has the standard of living for most people. The market for luxury car rentals is expanding as a result of the rise in demand for comfort, luxury, and the need to uphold high standards. Since these automobiles are chauffeur driven, booking a car eliminates the need to drive to the destination. Due to its numerous advantages, including a decrease in traffic congestion, a reduction in air pollution levels, increased travel convenience, and cost-effective means, this new rental business is anticipated to grow rapidly in the upcoming years.
Over the projection period, the business segment is anticipated to hold the greatest global share. For many years, the majority of commercial businesses and governmental organisations have rented expensive cars to their top leaders. According to each employee's designation and yearly advancement, the businesses update the cars that are available for rent. Additionally, it allows the executives to use these expensive cars for meetings and client trips without adding to the company's fixed assets or inventory costs. As a result, during the course of the projected period, the market for luxury car rentals is anticipated to grow. The forecast period is expected to have the highest CAGR in the leisure segment. Instead of purchasing and acquiring luxury vehicles, consumers prefer to rent them out for a little period of time.
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Impact of COVID-19 on the Global Luxury Car Leasing Market
During the Covid-19 epidemic, the travel bans and announced lockdowns are having a significant negative impact on the luxury automobile rental businesses all over the world, which in turn is impacting the availability of these services. The worldwide shutdown brought about a number of enormous and insurmountable challenges. Due to travel limitations imposed globally to stop the spread of the virus, demand for luxury rental cars has decreased at airports due to decreased worldwide air traffic. Additionally, during the anticipated period, the market's expansion is predicted to be hampered by rising gasoline and diesel prices in developing nations. The use of premium rental automobiles has only increased due to the current financial crisis. However, methods for disinfecting the car are strictly adhered to in the post-pandemic era since safety and hygiene have become imperative.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Rental Type, By Term, By Category, By Applications, By Booking Mode, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | 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, Zoom car India Private Limited |
Global Luxury Car Leasing Market Segmentation:
1. By Type:
- Compact
- Mid-Size
- Full-Size
- Luxury Crossovers
- Minivans
- Luxury SUVs
2. By Rental Type:
- Business
- Leisure
3. By Term:
- Short-term rental
- Long-term rental
- Finance leasing
4. By Category:
- Self-Driven
- hauffeur-Driven
5. By Applications:
- Airport
- Off-airport
6. By Booking Mode:
- Online
- Offline
7.By End-User:
- Local Usage
- Airport Transport
- Outstation
- Others
8. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Luxury Car Leasing Market Size (FY’2019-FY’2032)
- Overview of Global Luxury Car Leasing Market
- Segmentation of Global Luxury Car Leasing Market By Type (Compact, Mid-Size, Full-Size, Luxury Crossovers, Minivans, Luxury SUVs)
- Segmentation of Global Luxury Car Leasing Market By Rental Type (Business, Leisure)
- Segmentation of Global Luxury Car Leasing Market By Term (Short-term rental, Long-term rental, Finance leasing)
- Segmentation of Global Luxury Car Leasing Market By Category (Self-Driven, Chauffeur-Driven)
- Segmentation of Global Luxury Car Leasing Market By Applications (Airport, Off-airport)
- Segmentation of Global Luxury Car Leasing Market By Booking Mode (Online, Offline)
- Segmentation of Global Luxury Car Leasing Market By End-User (Local Usage, Airport Transport, Outstation, Others)
- Statistical Snap of Global Luxury Car Leasing Market
- Growth Analysis of Global Luxury Car Leasing Market
- Problems and Challenges in Global Luxury Car Leasing Market
- Competitive Landscape in the Global Luxury Car Leasing Market
- Impact of COVID-19 and Demonetization on Global Luxury Car Leasing Market
- Details on Recent Investment in Global Luxury Car Leasing Market
- Competitive Analysis of Global Luxury Car Leasing Market
- Major Players in the Global Luxury Car Leasing Market
- SWOT Analysis of Global Luxury Car Leasing Market
- Global Luxury Car Leasing Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Luxury Car Leasing Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Luxury Car Leasing Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Luxury Car Leasing Market
7. Global Luxury Car Leasing Market, By Type, 2019-2032 (USD Million)
7.1. Compact7.2. Mid-Size7.3. Full-Size7.4. Luxury Crossovers7.5. Minivans7.6. Luxury SUVs
8. Global Luxury Car Leasing Market, By Rental Type, 2019-2032 (USD Million)
8.1. Business8.2. Leisure
9. Global Luxury Car Leasing Market, By Term, 2019-2032 (USD Million)
9.1. Short-term rental9.2. Long-term rental9.3. Finance leasing
10. Global Luxury Car Leasing Market, By Category, 2019-2032 (USD Million)
10.1. Self-Driven10.2. Chauffeur-Driven
11. Global Luxury Car Leasing Market, By Applications, 2019-2032 (USD Million)
11.1. Airport11.2. Off-airport
12. Global Luxury Car Leasing Market, By Booking Mode, 2019-2032 (USD Million)
12.1. Online12.2. Offline
13. Global Luxury Car Leasing Market, By End-User, 2019-2032 (USD Million)
13.1. Local Usage13.2. Airport Transport13.3. Outstation13.4. Others
14. Global Luxury Car Leasing Market, By Region, 2019-2032 (USD Million)
14.1. Global Luxury Car Leasing Market Size and Market Share by Region (2019-2025)
14.2. Global Luxury Car Leasing Market Size and Market Share by Region (2026-2032)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profiles
15.1. Advantage OPCO15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. ALD Automotive15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Avis budget group15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Bettercar Rental15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Carzonrent India Pvt Ltd15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Eco Rent a Car15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Enterprise Holdings Inc.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Europcar15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. LeasePlan15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Localiza15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary
15.10.4. Recent developments
15.11. Mychoize
15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. National Car Rental15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. ORIX15.13.1. Company details15.13.2. Financial outlook15.13.3. Product summary15.13.4. Recent developments15.14. Shenzhen Topone Car Rental Co. Ltd15.14.1. Company details15.14.2. Financial outlook15.14.3. Product summary15.14.4. Recent developments15.15. SIXT15.15.1. Company details15.15.2. Financial outlook15.15.3. Product summary15.15.4. Recent developments15.16. The Hertz Corporation15.16.1. Company details15.16.2. Financial outlook15.16.3. Product summary15.16.4. Recent developments15.17. Zoom car India Private Limited15.17.1. Company details15.17.2. Financial outlook15.17.3. Product summary15.17.4. Recent developments
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Luxury Car Leasing Market is projected to reach USD 74.18 billion by 2032, growing at a CAGR of 13.51% during the forecast period.
Luxury Car Leasing Market grew in market size from 2021. The Market is expected to reach USD 74.18 billion by 2032, at a CAGR of 13.51% during the forecast period.
Luxury Car Leasing Market CAGR of 13.51% during the forecast period.
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Luxury Car Leasing Market size is USD 74.18 billion from 2022 to 2032.
Luxury Car Leasing Market Segment is Covered By Type, By Rental Type, By Term, By Category, By Applications, By Booking Mode, By End User
The North America region is anticipated to have the highest market share in Luxury Car Leasing Market.
The key players in the market include Companies Covered 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, Zoom car India Private Limited.
The market for luxury car rentals is expanding as a result of the rise in demand for comfort, luxury, and the need to uphold high standards.
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