Global Luxury Car Leasing Market, By Type (Compact Luxury Cars, Mid-Size Luxury Cars, Full-Size Luxury Cars, Luxury Crossovers and Minivans and Luxury SUVs), Rental Type (Business, Leisure), Term (Short-term rental, Long-term rental, Finance leasing), Category (Self-Driven, Chauffeur-Driven), Applications (Airport, Off-airport), End User (Local Usage, Airport Transport, Outstation, Others), Booking Mode (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Luxury car leasing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 44.2 billion by 2028 and grow at a CAGR of 12.8% in the above-mentioned forecast period.
Luxury car leasing is basically renting expensive luxury cars which provide unmatched levels of comfort and overall quality and performance and also consists of top-end features and extraordinary lavish interior and a robust security system consisting of the latest technologies.
The factors such as massive growth and expansion of automobile industry and lowering rate of car ownership among has resulted in growth in the market value. Additionally, growing trend of on-demand transportation services coupled with increasing purchasing power will also create lucrative growth opportunities for the market. Individuals do not have to worry about the enormous maintenance costs of these cars However, low internet penetration in backward countries will further restrict the scope of growth for the market.
Furthermore, rising adoption of different car rental management software and growing pollution levels will further offer a variety of growth opportunities for the market. On the other hand, the factors such as higher commission charged by local rental companies and brand exposure will pose a major challenge to the market growth rate.
This luxury car leasing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on luxury car leasing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Luxury Car Leasing Market Scope and Market Size
The luxury car leasing market is segmented on the basis of type, rental type, term, category, applications end user and booking mode. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the luxury car leasing market has been segmented as compact luxury cars, mid-size luxury cars, full-size luxury cars, luxury crossovers and minivans and luxury SUVs.
- On the basis of rental type, the luxury car leasing market has been segmented as business, leisure.
- On the basis of term, the luxury car leasing market has been segmented as short-term rental, long-term rental, finance leasing.
- On the basis of category, the luxury car leasing market has been segmented as self-driven, chauffeur-driven.
- On the basis of applications, the luxury car leasing market has been segmented as airport, off-airport.
- On the basis of end user, the luxury car leasing market has been segmented as local usage, airport transport, outstation and others (including self-drive, event transportation and employee transportation solutions).
- Luxury car leasing market has also been segmented on the basis of booking mode into online and offline.
Luxury Car Leasing Market Country Level Analysis
The global luxury car leasing market is analyzed and market size insights and trends are provided by type, rental type, term, category, applications end user and booking mode as referenced above.
The countries covered in the luxury car leasing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the luxury car leasing market and will continue to flourish its trend of dominance during the forecast period owing to the prevalence of advanced technologies and major luxury car companies in this region. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the growing trend of on-demand transportation services and surge in the automobile production in this region.
The country section of the luxury car leasing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Luxury Car Leasing Market Share Analysis
The luxury car leasing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to luxury car leasing market.
The major players covered in the luxury car leasing market report are Porsche India, Enterprise Holdings, Inc., Zoomcar India Private Limited, Hertz, LeasePlan, Avis Budget Group, mychoize, Sixt, Europcar, Localiza, aldautomotive, Movida, Unidas, Goldcar, smasindia, ORIX Auto Infrastructure Services Ltd, eHi Auto Services Limited, Fox Rent A Car among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Luxury Car Leasing Market
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