Automotive Fleet Leasing Market: By Lease Type (Open Ended and Close Ended), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles) And Geography (North America, Europe, Asia Pacific, Latin America, MEA)

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Automotive Fleet Leasing Market size is estimated to be valued at USD 28,761.7 million in 2021 and is poised to grow at a significant CAGR of 5.5% over 2022 to 2028. In an automotive fleet leasing service, the firm that owns the fleet leases it to other businesses. Manufacturing companies require a large fleet to deliver their goods and products, and they choose for fleet leasing company. Furthermore, numerous businesses require a fleet of passenger vehicles to carry their staff. Large-goods manufacturers either own or lease their fleet. Owning a fleet includes the cost of managing and maintaining the fleet, cost of fuel, drivers, and other staff, management system, and parking space. As a result, businesses prefer to lease fleet vehicles to avoid these additional fees, which is much less expensive than owning a fleet. As a result, the global vehicle fleet leasing business is expected to accelerate over the forecast timeline. Furthermore, the global automotive fleet leasing market is being driven by the rapid expansion of the shared mobility, food and beverage, and other industries, as well as strict emission regulations. Changes in emission standards around the world force fleet owners to replace older cars with newer ones; as a result, many fleet owners, including governments and other private businesses, choose fleet leasing. The global automotive vehicle fleet leasing business is expected to offer healthy growth opportunities over the forecast period. The Inseego signed a deal with Convergence Partners in February 2021, Ctrack, an investment management firm focused on Africa's technology, media, and telecommunications sector, is selling its South African subsidiary.

Automotive Fleet Leasing Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Automotive Fleet Leasing Market

Choosing commercial fleet leasing over purchasing vehicles for corporate use can provide modern businesses with substantial financial and practical benefits. One can provide significant support for branding efforts among the public by putting the best foot forward with a trustworthy and stylish fleet of cars and trucks. Leased automobiles are not considered business assets and do not need to be disclosed as assets or obligations on the balance sheet. Instead, they are classified as a type of business expense. This approach to leasing compared to. purchasing can have a significant impact on a company's investment prospects. However, the market's is expected to hamper due to intricacies of car fleet leasing agreements.

Key Features of the Reports

  • The automotive fleet leasing market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The automotive fleet leasing market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The automotive fleet leasing market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The automotive fleet leasing market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The automotive fleet leasing market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Automotive Fleet Leasing Market Segmentation

Lease Type
  • Open Ended
  • Close Ended
Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  • ARI (New Jersey)
  • AutoFlex AFV (U.S.)
  • Caldwell fleet leasing (U.S.)
  • Glesby Marks (U.S.)
  • Jim Pattison Lease (Canada)
  • LeasePlan Corporation N.V. (Netherland)
  • PRO Leasing Services (U.S.)
  • Sixt Leasing SE (Germany)
  • Velcor Leasing Corporation (U.S.)
  • Wheel Inc. (U.S.)