Financial Leasing Services Market Segments, Drivers, Restraints, And Trends For 2024-2033
The Business Research Company's Financial Leasing Services Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, October 10, 2024 /EINPresswire.com/ -- The financial leasing services market has seen rapid growth in recent years, expected to rise from $200.03 billion in 2023 to $221.11 billion in 2024, at a CAGR of 10.5%. Factors behind this growth include economic expansion, tax benefits, improved asset utilization efficiency, industry-specific demand, and a heightened focus on risk management.
What Is The Estimated Market Size Of The Global Financial Leasing Services Market And Its Annual Growth Rate?
The financial leasing services market is projected to grow significantly, reaching $331.22 billion by 2028 at a CAGR of 10.6%. This growth is driven by sustainability initiatives, increased infrastructure investment, urbanization, smart cities, global supply chain optimization, and the rising interest in asset-light business models. Major trends include digital transformation, the expansion of fintech solutions, growth in SME leasing, the rise of circular economy practices, and personalized leasing services.
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Growth Driver of The Financial Leasing Services Market
The increasing number of small and medium-sized enterprises (SMEs) is expected to promote growth in the financial leasing services market in the coming years. SMEs are defined as businesses with a limited number of employees and revenue, typically set by specific thresholds in each country or organization. The growth of SMEs is driven by rising entrepreneurial activity and supportive policies that encourage business creation and innovation. Financial leasing services enable these enterprises to obtain essential equipment and assets with lower upfront costs and better cash flow management.
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Which Market Players Are Driving The Financial Leasing Services Market Growth1?
Major companies operating in the financial leasing services market are JPMorgan Chase & Co, Bank of America Corporation, Banco Santander S.A, Wells Fargo & Company, Siemens AG, Citigroup Inc, International Business Machines Corporation, Royal Bank Of Canada, HSBC Holdings plc, Barclays plc, Société Générale Equipment Finance, U.S. Bancorp, Nordea Bank AB, KBC Lease, Bank of Beijing Co. Ltd., ABN AMRO Bank N.V., First American Equipment Finance, Macquarie Equipment Finance LLC, General Electric Capital Corporation, De Lage Landen International B.V., Deutsche Leasing AG, Crédit Agricole Leasing & Factoring, Hannover Leasing GmbH & Co. KG, BNP Paribas Lease Group S.A.
What Are The Emerging Trends Shaping The Financial Leasing Services Market Size2?
In the financial leasing services sector, companies are developing innovative leasing solutions like fitout lease services. These services cater to large and midsized corporations, providing fully equipped and furnished leased spaces that meet specific business needs, thus offering a competitive advantage.
How Is The Global Financial Leasing Services Market Segmented?
1) By Type: Capital Lease, Operating Lease, Other Types
2) By Provider: Banks, Non-Banks
3) By Application: Transportation, Aviation, Information Technology (IT) And Telecommunication, Manufacturing, Healthcare, Construction, Other Applications
Geographical Insights: North America Leading The Financial Leasing Services Market
North America was the largest region in the financial leasing services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the financial leasing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Financial Leasing Services Market Definition
Financial leasing services involve the leasing of assets to lessees for a specified period in exchange for periodic payments, allowing the lessor to retain ownership. This arrangement caters to businesses and individuals seeking equipment, vehicles, real estate, and other assets without immediate full ownership.
Financial Leasing Services Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global financial leasing services market report covering trends, opportunities, strategies, and more
The Financial Leasing Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on financial leasing services market size, drivers and trends, financial leasing services market major players, competitors' revenues, market positioning, and market growth across geographies. The market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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