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July 2025
The car leasing market is predicted to expand from USD 0.82 billion in 2025 to USD 1.48 billion by 2034, growing at a CAGR of 6.71% during the forecast period from 2025 to 2034.
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The growing interest of consumers to use variety of cars for short time period coupled with rise in number car leasing platforms has boosted the market growth. Additionally, rapid investment by automotive brands for providing subscription-based car leasing services along with rising demand for luxury vehicles in western nations is playing a vital role in shaping the industry in a positive direction. The integration of AI in car leasing platforms is expected to create ample growth opportunities for the market players in the upcoming days.
The car leasing market is a prominent branch of the automotive industry. This industry deals in providing car leasing services across the world. There are numerous types of leasing services available in the market comprising of open-end-leases and closed-end-leases. It deals in numerous types of vehicles consisting of passenger cars, commercial vehicles, SUVs and luxury vehicles. The consumers of this sector comprise of individuals, businesses, government agencies and some others. This market is expected to rise significantly with the growth of the EV sector around the globe.
The major trends in this market consists of partnerships, subscription-based services and business expansions.
Numerous automotive brands are partnering with leasing companies to launch numerous car leasing services around the world.
The rising interest of consumers to use different cars has increased the demand for subscription-based car leasing services.
Various market players are expanding their car leasing services in different parts of the world to gain maximum consumer attraction.
The sedan segment dominated the market. The increasing demand for luxury sedans in several countries such as UK, the U.S., Germany, UAE and some others has boosted the market growth. Additionally, the rising preference of business professionals to use sedans for official meetings and other activities is expected to propel the growth of the car leasing market.
The hatchback segment is expected to rise with a significant CAGR during the forecast period. The growing demand for affordable hatchbacks in numerous countries such as India, Vietnam, Thailand and some others to cater the needs of the mid-income people has boosted the market expansion. Also, numerous leasing services provided by automakers to adopt hatchbacks is further expected to boost the growth of the car leasing market.
The ICE segment held the largest share of the industry. The growing demand for performance-oriented SUVs in the U.S. and Mexico has boosted the market expansion. Additionally, rapid investment by automotive brands for launching ICE-based car leasing services to cater the needs of the fleet operators is expected to foster the growth of the car leasing market.
The electric segment is expected to expand with the highest CAGR during the forecast period. The rising adoption of electric cars in several countries for reducing vehicular emission has driven the market expansion. Additionally, partnerships among automotive brands and leasing providers to deliver EV leasing services is expected to propel the growth of the car leasing market.
North America led the car leasing market and the region is observed to hold the position during the forecast period. The growing demand for EVs in the U.S. and Canada for reducing emission in the environment coupled with rise in number of fleet operators has boosted the market expansion. Additionally, rising consumer preference to drive different types of cars along with rapid adoption of leased cars by government agencies is contributing to the industrial growth. Moreover, the presence of several market players such as The Caldwell Company, Flexcar, Enterprise Holdings and some others is expected to foster the growth of the car leasing market in this region.
Asia Pacific is expected to rise with a considerable CAGR during the forecast period. The growing demand for affordable hatchbacks in India, Thailand, Indonesia and some others has boosted the market expansion. Also, rapid investment by automotive manufacturers to launch new car leasing services related to commercial vehicles coupled with rising adoption of leased cars by fleet operators is playing a vital role in shaping the industry in a positive direction. Moreover, the presence of numerous market players such as Orix Corporation, Zoomcar, Alt Mobility and some others is expected to propel the growth of the car leasing market in this region.
The car leasing market is a highly competitive industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Element Fleet Management Corp., Caldwell Leasing, Wilmar Inc., Enterprise Holdings, Inc., United Leasing, Inc., Ewald Automotive Group, ALD Automotive and some others. These companies are constantly engaged in providing car leasing services and adopting numerous strategies such as business expansions, acquisitions, joint ventures, partnerships, collaborations, launches and some others to maintain their dominance in this industry.
By Vehicle Type
By Lease Term
By Lease Type
By Customer Type
By Region
July 2025
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