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.
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
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| 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:
3. By Term:
- Short-term rental
- Long-term rental
- Finance leasing
4. By Category:
- Self-Driven
- hauffeur-Driven
5. By Applications:
6. By Booking Mode:
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 report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Luxury Car Leasing Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Luxury Car Leasing Manufacturing Base Distribution, Sales Area, Product Type
6.2 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. Compact
7.2. Mid-Size
7.3. Full-Size
7.4. Luxury Crossovers
7.5. Minivans
7.6. Luxury SUVs
8. Global Luxury Car Leasing Market, By Rental Type, 2019-2032 (USD Million)
8.1. Business
8.2. Leisure
9. Global Luxury Car Leasing Market, By Term, 2019-2032 (USD Million)
9.1. Short-term rental
9.2. Long-term rental
9.3. Finance leasing
10. Global Luxury Car Leasing Market, By Category, 2019-2032 (USD Million)
10.1. Self-Driven
10.2. Chauffeur-Driven
11. Global Luxury Car Leasing Market, By Applications, 2019-2032 (USD Million)
11.1. Airport
11.2. Off-airport
12. Global Luxury Car Leasing Market, By Booking Mode, 2019-2032 (USD Million)
12.1. Online
12.2. Offline
13. Global Luxury Car Leasing Market, By End-User, 2019-2032 (USD Million)
13.1. Local Usage
13.2. Airport Transport
13.3. Outstation
13.4. 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-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profiles
15.1. Advantage OPCO
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. ALD Automotive
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Avis budget group
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Bettercar Rental
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Carzonrent India Pvt Ltd
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Eco Rent a Car
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Enterprise Holdings Inc.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Europcar
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. LeasePlan
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Localiza
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Mychoize
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. National Car Rental
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. ORIX
15.13.1. Company details
15.13.2. Financial outlook
15.13.3. Product summary
15.13.4. Recent developments
15.14. Shenzhen Topone Car Rental Co. Ltd
15.14.1. Company details
15.14.2. Financial outlook
15.14.3. Product summary
15.14.4. Recent developments
15.15. SIXT
15.15.1. Company details
15.15.2. Financial outlook
15.15.3. Product summary
15.15.4. Recent developments
15.16. The Hertz Corporation
15.16.1. Company details
15.16.2. Financial outlook
15.16.3. Product summary
15.16.4. Recent developments
15.17. Zoom car India Private Limited
15.17.1. Company details
15.17.2. Financial outlook
15.17.3. Product summary
15.17.4. 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.
