NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The vehicle leasing market in Europe size is estimated to grow by USD 12.17 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered Type (Passenger cars and Commercial vehicles), Mode Of Booking (Online and Offline), and Geography (Europe) Key Companies Covered ALD SA, Allane SE, Arval Service Lease, Bayerische Motoren Werke AG, Central Contract S.O.T Ltd., Central UK Vehicle Leasing Ltd., Deutsche Leasing AG, ExpatRide International Inc., Groupe BPCE, King and Mayr GmbH and Co. KG, LocautoRent S.p.A., Mercedes Benz Group AG, Millennium Leasing sp zoo, PKO Bank Polski, Porsche Automobil Holding SE, PSA Automobiles SA, Rivervale Cars Ltd., Sofina SA, and Stellantis NV Regions Covered Europe Region Outlook 1. Europe - Europe is estimated to contribute 100%. To the growth of the global market. The Vehicle Leasing Market in Europe report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The UK vehicle leasing market is experiencing significant growth due to increased customer awareness and the high demand for passenger cars. This trend is driving the market forward, with car leasing becoming an increasingly popular choice for financing vehicles. The percentage share of car leasing is projected to increase during the forecast period. Additionally, the expansion of the e-commerce sector in the UK is contributing to the market's growth, as more businesses opt for leasing solutions to manage their fleet operations efficiently. For more insights on Europe's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The European vehicle leasing market is experiencing significant growth due to the cost-effective nature of leasing cars compared to buying them. Factors such as urbanization and increased Internet penetration are driving awareness about car leasing. Leasing offers customers the flexibility to upgrade to new models and purchase the vehicle at lease end. Car manufacturers, like AB Volvo with Care by Volvo, offer subscription-based leasing programs to boost revenue and brand penetration. The demand for SUVs, hatchbacks, and sedans in Europe is fueling growth in the passenger car segment. Customers' preference for convenience, safety, and modern technologies in vehicles is driving the adoption of advanced features and electrification. These trends, coupled with industry advancements, encourage customers to lease cars, leading to market expansion in Europe's passenger car segment during the forecast period. Research Analysis The European vehicle leasing market is experiencing significant growth, driven by the shift towards electric and hybrid electric vehicles. E-commerce platforms are increasingly becoming popular channels for buyers to lease new cars, enabling a seamless and convenient experience. Big data and blockchain technology are transforming the industry by providing insights into customer preferences and streamlining lease contracts. The tourism industry and smart cities are major sectors adopting vehicle leasing for their fleet needs. Automobile leasing companies offer a range of options from commuter cars to buses, recreational vehicles, and utility trailers. Car equipment rental is another growing segment, allowing lessees to customize their vehicles. The residual value of leased vehicles is a key consideration for both sellers and buyers, making the role of a leasing company crucial in determining fair market value. Rapid urbanization and the need for new vehicles continue to fuel the demand for leasing solutions. Market Overview The European vehicle leasing market is experiencing significant growth, driven by various factors including the rise of electric vehicles, e-commerce, and smart cities. Electric cars and hybrid electric vehicles are becoming increasingly popular due to awareness among consumers about air pollution and emission norms. The tourism industry and commuters are embracing on-demand mobility solutions, leading to increased demand for lease cars. Big data, IoT technology, machine learning, and blockchain are transforming the industry by providing verified data in real-time, enabling predictive maintenance and efficient transportation systems. Leasing companies offer finance leasing, long-term leasing, and gap insurance to cater to the diverse needs of buyers. The market also includes utility trailers, buses, recreational vehicles, and car equipment rental. Rapid urbanization, busy lifestyles, and population demand have led to the adoption of efficient transportation systems and the reduction of traffic congestion. The used car industry is also benefiting from the growth of the leasing market. Additional fees, carbon emissions, and climate change are becoming important considerations for both sellers and buyers. Leasing companies are focusing on customer service, providing diagnostic services for vehicles, and leveraging technology to enhance the leasing experience. The future of the vehicle leasing market in Europe looks promising, with continued innovation and the integration of technology to meet the evolving needs of consumers. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/vehicle-leasing-market-in-europe-100-growth-driven-by-europe-report-highlights-ais-impact-on-market-trends---technavio-302328863.html SOURCE TechnavioThere was a time not all that long ago when the United States would be seeking clearly to drive and define a particular narrative and outcome for the events unfolding in the Middle East. Seeking to mould events to its own benefit has been a central tenet of American foreign policy. But the remarkable and fast-moving developments in Syria, come at an unusual moment for America. In Washington DC, there is a vacuum of leadership. We are in the midst of the transition between President and president-elect President Biden is still running things at the White House but his ability to influence events in the Middle East, if he is even inclined to, has been shown to be limited. He is the lamest of lame duck presidents. Mr Trump does not become president until 20 January and so is unable officially to do anything. And yet he is already THE leading player on the world stage right now. What he does (and doesn't do) and what he says (and doesn't say) carries enormous weight. - invited by President Emmanuel Macron - is as important as it is remarkable. I can't think of a precedent; a moment in recent history where a president-elect would hold such influence. Of the events in Syria, the Biden White House has said only that the administration is closely monitoring developments. Donald Trump however, on social media, on brand, has declared his hand. " is a mess, but is not our friend, & THE UNITED STATES SHOULD HAVE NOTHING TO DO WITH IT. THIS IS NOT OUR FIGHT. LET IT PLAY OUT. DO NOT GET INVOLVED!" he wrote. On President Bashar al Assad's fate, his words were only marginally ambiguous. It "may actually be the best thing" for Mr Assad to be toppled, he said. Mr Trump will not take over as president for another six weeks. And yet already it feels like he is more of a player and moulder of global events (because of what he does and doesn't choose to do and say) than at any time in his last presidency. There's another difference this time too. During Mr Trump's last presidency, there were powerful European counterbalances. But now, Angela Merkel is long gone and Mr Macron is weak, despite his diplomatic masterstroke in inviting Mr Trump to Paris.The ECOWAS Heads of State Summit will be held on Sunday, December 15, 2024, in Abuja, Nigeria. The meeting will mainly focus on ratifying the withdrawal of Mali, Niger Republic and Burkina Faso from the sub-regional organisation. The three countries already announced the formation of another bloc called the Alliance des États du Sahel (AES), meaning Alliance of Sahel States (ASS). Political experts believe that the ECOWAS has suffered in recent months from the exit of the three Sahel countries, which has had negative economic consequences for the organisation, including a budget deficit that has jeopardised vital projects of the Centre for Renewable Energy and Energy Efficiency (ECREEE). According to economic expert, Luka Malle, the Economic Community of West African States has completely lost its legitimacy due to the decision to impose unfair economic sanctions against Mali in 2022, as well as attempts at military intervention in Niger Republic following the military coup and overthrow of former President Mohamed Bazoum in July 2023. “It’s true that unity is Africa’s strength, but ECOWAS has completely discredited itself by raising its voice against its founding members when necessary, and let’s not forget that ECOWAS attempted military intervention in Niger,” added the expert. Following the military coup in Niamey, the economic bloc considered military intervention in Niger. On July 30, 2023, ECOWAS declared its readiness to “take all necessary measures to ensure the restoration of constitutional order in the Republic of the Niger” and specified that “such measures may include the use of force.” ECOWAS is not giving up hope of bringing Mali, Burkina Faso and Niger back into its fold. However, it should be noted that the AES countries have distanced themselves from France’s influence on their internal affairs. The economic bloc, for its part, remains an organisation that is often criticised for being too attached to the French point of view. Mali, Niger and Burkina Faso do not intend to deviate from the course set out, which is based on the pursuit of true sovereignty, both in terms of security and monetary policy. In this context, Malle is of the opinion that the AES countries should not be expected to remain within ECOWAS fold.
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