Automotive Leasing Market Report 2024 (Global Edition)

Global Automotive Leasing Market Report 2024 Market Size Split by Service Type (Passenger Car Rental, Passenger Car Leasing, Truck Utility Trailer, Recreational Vehicle Rental and Leasing), by Mode (O...

Automotive Leasing Market Report Description

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Automotive Leasing Market Insights Video

Competitive Landscape of the Automotive Leasing Market

The competitive landscape of the automotive leasing market features a mix of traditional leasing companies, automakers, and new entrants offering innovative solutions. Key players include large finance companies and banks, as well as automakers with in-house leasing divisions. The market is increasingly influenced by digital platforms, enabling seamless online leasing experiences. Additionally, the rise of car subscription services and ride-sharing platforms poses competition, pushing traditional leasing firms to adapt by offering flexible terms and integrating electric vehicle options to meet evolving consumer demands.

In November 2023, Enterprise Holdings, Inc. introduced the Plus Your Points promotion to enable its registered members to earn double points on qualifying rentals. This promotion will be available to members in the US, the U.K., Canada, Ireland, France, Spain, Puerto Rico, and Germany. (Source: https://www.enterprisemobility.com/en/news-stories/news-stories-archive/2023/11/enterprise-makes-loyalty-more-rewarding-with-annual-promotion.html) In November 2023, Hertz and EVgo Inc. announced a joint promotion to offer one year of special charging rates to drivers renting any EV model at a Hertz location across the US. (Source: https://newsroom.hertz.com/news-releases/news-release-details/hertz-and-evgo-partner-offer-ev-renters-one-year-special) In June 2023, Ford and Uber unveiled the Ford Drive program, a pilot project offering flexible leases on Mustang Mach-E models to Uber drivers in California. This initiative aligns with Uber's ambition to transition to a zero-emission platform across North America. (Source: https://media.ford.com/content/fordmedia/fna/us/en/news/2023/06/01/ford-next-launches-flexible-lease-pilot--ford-drive---with-uber-.html)

Top Companies Market Share in Automotive Leasing Industry: (In no particular order of Rank)

• Athlon Car Lease International BV
• Avis Budget Group Inc.
• Deutsche Leasing AG
• Enterprise Holdings Inc.
• ALD SA
• Europcar Mobility Group SA
• Hertz Global Holdings
• Inc.
• LeasePlan Corporation NV
• Sixt SE
• Wilmar Inc.
• Merchants
• Ewald Automotive Group
• Arval Service Lease
• United Leasing & Finance
• Caldwell Leasing
• Element Management Corp.
• Emkay
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Automotive Leasing Market

Which Region Dominates the Automotive Leasing Market in 2024?

According to Cognitive Market Research, North America currently dominates the Automotive Leasing market, and the region is expected to have significant growth during the projected period due to a strong consumer preference for leasing over ownership, a well-developed infrastructure for leasing services, and the presence of major financial institutions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising disposable incomes, urbanization, and increased demand for flexible mobility solutions.

The current report Scope analyzes Automotive Leasing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Leasing

According to Cognitive Market Research, the global Automotive Leasing market size was estimated at USD 108542.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 43416.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Automotive Leasing market with a market size of USD 34255.92 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period due to the consumer demand for lower monthly payments.
• The Canada Automotive Leasing market had a market share of USD 5210.03 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period due to the increasing demand for flexible vehicle options.
• The Mexico Automotive Leasing market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3950.94 million in 2024.

Europe Automotive Leasing

According to Cognitive Market Research, the global Automotive Leasing market size was estimated at USD 108542.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 32562.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Automotive Leasing market had a market share of USD 5470.53 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Automotive Leasing sales witness an upswing due to the increasing consumer preference for flexible financing options.
• The France Automotive Leasing market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2995.76 million in 2024.
• According to Cognitive Market Research, the German Automotive Leasing market size was valued at USD 6447.41 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Automotive Leasing surged a growing emphasis on electric vehicle leasing.
• The Italy Automotive Leasing market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 2800.39 million in 2024.
• The Russia Automotive Leasing market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 5047.21 million in 2024.
• The Spain Automotive Leasing market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 2670.14 million in 2024
• The Luxembourg Automotive Leasing market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 1009.44 million in 2024.
• The Portugal Automotive Leasing market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 683.82 million in 2024.
• The Greece Automotive Leasing market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 390.75 million in 2024.
• The Rest of Europe's Automotive Leasing market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 5047.21 million in 2024.

Asia Pacific Automotive Leasing

According to Cognitive Market Research, the global Automotive Leasing market size was estimated at USD 108542.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 24964.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive Leasing market size was valued at USD 11234.12 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Automotive Leasing surged in China due to the increasing consumer demand for flexible mobility solutions.
• The Japan Automotive Leasing market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 3445.13 million in 2024.
• The India Automotive Leasing market had a market share of USD 2995.76 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period due to the rising demand for flexible vehicle financing options.
• The South Korean Automotive Leasing market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 2496.47 million in 2024.
• The Australian Automotive Leasing market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 1298.16 million in 2024.
• The South East Asia Automotive Leasing market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 1722.56 million in 2024.
• The Rest of Asia Pacific Automotive Leasing market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 1772.49 million in 2024.

South America Automotive Leasing

According to Cognitive Market Research, the global Automotive Leasing market size was estimated at USD 108542.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 5427.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive Leasing market size was valued at USD 2322.80 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Automotive Leasing flourished in Brazil due to the increasing demand for flexible financing options.
• Argentina's Automotive Leasing market had a market share of USD 911.75 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period due to the increasing consumer demand for flexible financing options.
• Colombia's Automotive Leasing market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 483.01 million in 2024.
• Peru's Automotive Leasing market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 445.02 million in 2024.
• Chile's Automotive Leasing market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 390.75 million in 2024.
• The Rest of Latin America's Automotive Leasing market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 873.76 million in 2024.

Middle East and Africa Automotive Leasing

According to Cognitive Market Research, the global Automotive Leasing market size was estimated at USD 108542.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2170.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries Automotive Leasing market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 929.12 million in 2024. Automotive Leasing sales flourish due to the increasing demand for flexible mobility solutions.
• The Egypt Automotive Leasing market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 227.94 million in 2024.
• The South Africa Automotive Leasing market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 342.99 million in 2024. Automotive Leasing sales flourished in South Africa due to rising demand for flexible financing options amid economic uncertainties.
• The Turkey Automotive Leasing market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 186.69 million in 2024.
• The Nigeria Automotive Leasing market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 227.94 million in 2024.
• The Rest of the MEA Automotive Leasing market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 256.16 million in 2024.

Automotive Leasing Market Analysis

How are Segments Performing in the Global Automotive Leasing Market?

Automotive Leasing Market Service Type Segment Analysis

According to Cognitive Market Research, passenger car rentals are likely to dominate the Automotive Leasing Market over the forecast period due to their high demand for personal and corporate use, offering affordability, flexibility, and lower upfront costs. They are particularly popular for leasing because consumers prefer newer models with advanced features, and businesses often lease them to maintain modern, fuel-efficient fleets.

The truck utility trailer is the fastest-growing segment in the Automotive Leasing Market due to the increasing demand for logistics and transportation services. As e-commerce and last-mile delivery surge, businesses seek flexible, cost-effective leasing options for utility trailers to efficiently manage growing distribution needs without significant capital investment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Leasing Industry. Request a Free Sample PDF!

Automotive Leasing Market Mode Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest share of the market as many consumers prefer in-person interactions for contract negotiations, vehicle inspections, and personalized customer service. Dealerships and leasing offices provide a hands-on experience, building trust and ensuring a smoother leasing process, which remains a critical factor in high-value transactions like vehicle leasing.

In the Automotive Leasing Market, the online sector has been expanding at a rapid pace due to its convenience, enabling consumers to browse, compare, and finalize leases digitally. The rise of contactless transactions, enhanced user experiences, and streamlined processes during the COVID-19 pandemic accelerated the shift toward online leasing, driving rapid growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Leasing End-user Segment Analysis

Automotive Leasing Market End-user Segment Analysis

According to Cognitive Market Research, the industrial divisions segment dominates the market by leveraging large-scale fleet leasing for logistics, construction, and transportation sectors. Companies prefer leasing over purchasing to minimize capital expenditure, maintain fleet flexibility, and access newer, fuel-efficient vehicles. This demand drives growth, particularly in industries requiring consistent vehicle upgrades and fleet expansion.

Corporate division is projected to be the fastest-growing segment in the Automotive Leasing market due to the rising demand for fleet management solutions, cost-effective mobility options, and flexible leasing terms. Companies increasingly prefer leasing over ownership to reduce capital expenditures, manage large fleets efficiently, and access newer, fuel-efficient, and electric vehicles.

• Industrial Divisions
• Corporate Divisions

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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