Leasing refers to a contractual arrangement where one party (the lessor) grants another party (the lessee) temporary rights to use an asset in exchange for periodic payments. It is used by businesses and individuals who want to access equipment, vehicles, software, or other assets. Leasing is typically entered when users require flexibility, lower capital expenditure and asset management support. The service is widely used across industries such as automotive, manufacturing and media, as well as by consumers for personal asset use.
The leasing market consists of sales of leasing services by entities (organizations, sole traders and partnerships) that provide a wide variety of tangible goods such as consumer goods, industrial machinery and equipment, automobiles and others for use and assign intangible assets such as trademarks to customers in return for a periodic rental or lease payment.
The global leasing market was valued at $1,277.19 billion in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 8.25%.
Increasing Infrastructure Projects
The increasing infrastructure projects drove the growth of leasing market during the historic period. Increasing infrastructure projects have boosted demand for leased equipment like construction machinery and vehicles. Companies prefer leasing to reduce upfront capital costs and maintain flexibility. Project-based timelines make short-term leasing more practical than ownership. Public-private partnerships and government investments further stimulate leasing needs. This trend drives steady growth across construction, vehicle and equipment leasing sectors. For instance, in November 2020, the UK government announced a GBP 100 billion ($133.5 billion) infrastructure plan to upgrade the country's infrastructure and over the next four years government plans to increase spending to GBP 600 billion ($801.0) on infrastructure. This infrastructure development project includes construction of 860,000 new houses, as well as new roads, cycle lanes, community facilities and development of 4G broadband across 95% of the UK by 2025. Therefore, the increasing infrastructure projects supported the growth of the leasing market.
Used Vehicle Leasing Model Offers Cost-Effective And Sustainable Fleet Solutions For Businesses
Major companies operating in the leasing market are expanding their offerings to include cost-effective and sustainable solutions through innovative leasing models. Cost-effective leasing models refer to leasing strategies and structures that minimize total ownership costs while providing the needed access to assets, equipment, or property. For instance, in May 2025, Arval Romania, a Romania-based car leasing service, has introduced Arval Re-Lease, a new operational leasing service specifically for used vehicles on the Romanian market. The program targets companies seeking cost-effective fleet management solutions, offering the main benefits of operational leasing such as fixed monthly costs, vehicle maintenance, insurance, roadside assistance and seasonal tires at a lower price point compared to leasing new vehicles. Only vehicles that have completed a previous operational leasing contract are included. These cars are less than 4 years old and have a maximum mileage of 120,000 kilometers, ensuring high standards of performance and safety.
The global leasing market is fragmented, with large number of small players operating in the market. The top ten competitors in the market made up to 6.39% of the total market in 2024.
Leasing Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global leasing market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for leasing? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The leasing market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider leasing market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by mode, and by lease type.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by animal type and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for leasing providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Automotive Equipment Leasing; Consumer Goods And General Rental Centers; Machinery Leasing; Lessors Of Nonfinancial Intangible Assets
- 2) By Mode: Online; Offline
- 3) By Lease Type: Closed Ended Lease; Option To Buy Lease; Sub-Vented Lease; Other Lease Types
- Companies Mentioned: Volkswagen Leasing GmbH; Mercedes-Benz AG; United Rentals Inc.; Ayvens (ALD Automotive); Ashtead Group
- Countries: USA; China; Germany; Japan; UK; France; India; Canada; South Korea; Brazil; Australia; Russia; Spain; Italy; Indonesia; Netherlands; Switzerland; Belgium; Saudi Arabia; Argentina; United Arab Emirates; Thailand; Austria; Poland; Israel; Hong Kong; Singapore; Philippines; Turkey; Ireland; Malaysia; Vietnam; Egypt; Bangladesh; South Africa; Norway; Colombia; Denmark; Nigeria; Chile; Mexico; Sweden; Peru; Portugal; New Zealand; Czech Republic; Finland; Iran; Ukraine; Romania
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; leasing indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.