Car Leasing Market
Car Leasing Market Forecasts to 2030 - Global Analysis By Product Type (Private Lease, Business Lease and Other Product Types), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle and Other Vehicle Types), Lease Type (Operating Lease, Financial Lease and Other Lease Types), End User and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $664.20 MN |
|
Projected Year Value (2030) |
US $1,138.32 MN |
|
CAGR (2023 - 2030) |
8.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Car Leasing Market is accounted for $664.20 million in 2023 and is expected to reach $1,138.32 million by 2030 growing at a CAGR of 8.0% during the forecast period. Car leasing is a well-liked substitute for traditional auto ownership that lets people utilizes a car for a predetermined amount of time without having to commit to buying it completely. A lessee pays a monthly fee to the leasing company in order to use the car under normal leasing arrangements. In a typical lease, the lessee benefits from a new car without having to make a long-term financial commitment for 24 to 36 months. Moreover, a hassle-free experience is offered by leasing, which frequently includes maintenance and warranty coverage.
According to the American Automobile Leasing Association, car leasing has become an increasingly popular choice for consumers seeking flexibility and the ability to drive newer models without the long-term commitment of ownership.
Market Dynamics:
Driver:
Growing preference for flexibility among consumers
Consumer preference for flexibility is one of the main factors driving the automobile leasing market. People who don't want to make the long-term financial commitment that comes with ownership can drive a new car thanks to leasing. Adapting to shifting trends and tastes, consumers appreciate being able to upgrade to newer models every few years. Additionally, leasing provides flexibility to suit the ever-changing needs of a growing number of people who choose their vehicles based on convenience and versatility.
Restraint:
Limited possibilities for customization
Leasing cars frequently have restrictions on customization, unlike owning one. Restrictions on major modifications or alterations to the leased vehicle may apply to lessees. For people who take great pride in customizing their cars, this lack of customization options might be a disadvantage. However, for those who see their car as an extension of their individuality and way of life, the inability to completely personalize a leased car may be a factor.
Opportunity:
Increasing demand in electric cars (EVs)
There is a huge opportunity for the car leasing market due to the growing popularity of electric vehicles and the increased focus on sustainability on a global scale. Leasing companies can profit from this trend by providing flexible and affordable lease options for eco-friendly models, as more consumers express interest in switching to electric and hybrid vehicles. Furthermore, by enabling people to use new electric vehicle technologies without the financial burden of ownership, leasing promotes the wider use of environmentally friendly transportation.
Threat:
Financial uncertainty and economic downturns
Financial instability and economic downturns are major risks to the car leasing industry. Consumers may prioritize financial prudence during economic downturns or unpredictability, which could result in lower spending on non-essential items like leasing new cars. Moreover, interest rates and employment fluctuations may have an effect on people's willingness to sign leases, which could lead to a decline in the market for leasing services.
Covid-19 Impact:
The COVID-19 pandemic has caused both short-term disruptions and long-term changes in consumer behaviour, which have had a significant effect on the auto leasing market. Lockdowns, unpredictability in the economy, and limitations on movement considerably reduced the amount of new leasing activity as customers postponed unnecessary purchases. Furthermore, leasing companies faced further constraints on vehicle availability due to production halts and disruptions in the supply chain. Nonetheless, the pandemic expedited pre-existing patterns, exhibiting an amplified inclination towards contactless services and an increasing focus on adaptable mobility solutions.
The Passenger Car segment is expected to be the largest during the forecast period
A sizeable amount of worldwide vehicle sales are made up of the passenger car segment, which commands the largest market share. Compact cars, luxury sedans, sport utility vehicles, and SUVs are just a few of the vehicle types included in this category. Passenger car dominance is a result of urbanization trends, a wide range of consumer preferences, and the general demand for personal mobility. Moreover, the ideal option for family travel, leisure travel, and everyday commuting is a passenger car.
The Construction and Infrastructure segment is expected to have the highest CAGR during the forecast period
The market's highest CAGR is being seen in the construction and infrastructure sector. Global construction activities, ongoing urbanization, and infrastructure development projects are driving demand for vehicles in this segment. Businesses involved in infrastructure and construction mainly depend on a fleet of cars, including light and heavy commercial vehicles, to deliver supplies, workers, and equipment to construction sites. Additionally, this industry's continued expansion is facilitated by the demand for effective and specialized vehicles that are designed to meet the needs of construction projects.
Region with largest share:
During the estimation period, Asia-Pacific is expected to hold the largest share of the market. Important auto markets, including China, Japan, India, and South Korea, are included in this region. Furthermore, China's growing middle class, urbanization, and strong economic growth have made it the largest automobile market in the world. Due to its enormous market size, rising vehicle ownership, manufacturing capacity, and growing interest in electric vehicles, the Asia-Pacific region is a key force behind global trends in the automotive industry.
Region with highest CAGR:
The region of North America is anticipated to have the highest market CAGR. The region, which consists of the US, Canada, and Mexico, has shown steady growth due to factors like rising consumer demand for automobiles, technological developments, and an emphasis on sustainability. However, with its diverse consumer base, strong manufacturing capabilities, and continuous investments in electric and autonomous vehicle technologies, the United States stands out as a significant player in the market.
Key players in the market
Some of the key players in Car Leasing market include Element Management Corp., LeasePlan Corporation NV, Alphabet (BMW Financial Services), Enterprise Holdings, Inc., Wilmar Inc., Hertz Global Holdings, Inc., Avis Budget Group Inc., Caldwell Leasing, Ewald Automotive Group, ORIX Corporation, Deutsche Leasing AG, Emkay and Europcar Mobility Group SA.
Key Developments:
In September 2023, Ewald Automotive Group, a company with nearly 60 years of service to the auto driving public, has acquired the Volkswagen, Buick, and GMC franchises located on Main Street in Menomonee Falls, WI, it was announced this week. The acquisitions are part of Ewald's business objective to further diversify and grow the company to better serve the automotive and truck needs of its customers.
In September 2023, Europcar Mobility Group S.A. entered into an agreement to acquire a 51% stake in Euromobil Autovermietung GmbH from Euro-Leasing Gesellschaft Mit BeschrÄNkter Haftung. Euromobil GmbH will operate independently from Europcar Mobility Groups existing German business. The 49% will remain with EURO-Leasing GmbH.
In June 2023, Japan-based financial services group Orix Corporation has announced that it has completed its acquisition of 21.8% stake in Indian renewable energy developer Greenko Energy Holdings. In September 2020, Orix had announced that it had signed a framework agreement with Greenko Energy Holdings to acquire approximately 20% of its shares.
Product Types Covered:
• Private Lease
• Business Lease
• Other Product Types
Vehicle Types Covered:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Other Vehicle Types
Lease Types Covered:
• Operating Lease
• Financial Lease
• Other Lease Types
End Users Covered:
• Individual Consumers
• Corporate Enterprises
• Government and Public Sector
• Non-Profit Organizations
• Construction and Infrastructure
• Education and Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Car Leasing Market, By Product Type
5.1 Introduction
5.2 Private Lease
5.3 Business Lease
5.4 Other Product Types
6 Global Car Leasing Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Car
6.3 Light Commercial Vehicle
6.4 Heavy Commercial Vehicle
6.5 Other Vehicle Types
7 Global Car Leasing Market, By Lease Type
7.1 Introduction
7.2 Operating Lease
7.3 Financial Lease
7.4 Other Lease Types
8 Global Car Leasing Market, By End User
8.1 Introduction
8.2 Individual Consumers
8.3 Corporate Enterprises
8.4 Government and Public Sector
8.5 Non-Profit Organizations
8.6 Construction and Infrastructure
8.7 Education and Institutions
8.8 Other End Users
9 Global Car Leasing Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Element Management Corp.
11.2 LeasePlan Corporation NV
11.3 Alphabet (BMW Financial Services)
11.4 Enterprise Holdings, Inc.
11.5 Wilmar Inc.
11.6 Hertz Global Holdings, Inc.
11.7 Avis Budget Group Inc.
11.8 Caldwell Leasing
11.9 Ewald Automotive Group
11.10 ORIX Corporation
11.11 Deutsche Leasing AG
11.12 Emkay
11.13 Europcar Mobility Group SA
List of Tables
1 Global Car Leasing Market Outlook, By Region (2021-2030) ($MN)
2 Global Car Leasing Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Car Leasing Market Outlook, By Private Lease (2021-2030) ($MN)
4 Global Car Leasing Market Outlook, By Business Lease (2021-2030) ($MN)
5 Global Car Leasing Market Outlook, By Other Product Types (2021-2030) ($MN)
6 Global Car Leasing Market Outlook, By Vehicle Type (2021-2030) ($MN)
7 Global Car Leasing Market Outlook, By Passenger Car (2021-2030) ($MN)
8 Global Car Leasing Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
9 Global Car Leasing Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
10 Global Car Leasing Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
11 Global Car Leasing Market Outlook, By Lease Type (2021-2030) ($MN)
12 Global Car Leasing Market Outlook, By Operating Lease (2021-2030) ($MN)
13 Global Car Leasing Market Outlook, By Financial Lease (2021-2030) ($MN)
14 Global Car Leasing Market Outlook, By Other Lease Types (2021-2030) ($MN)
15 Global Car Leasing Market Outlook, By End User (2021-2030) ($MN)
16 Global Car Leasing Market Outlook, By Individual Consumers (2021-2030) ($MN)
17 Global Car Leasing Market Outlook, By Corporate Enterprises (2021-2030) ($MN)
18 Global Car Leasing Market Outlook, By Government and Public Sector (2021-2030) ($MN)
19 Global Car Leasing Market Outlook, By Non-Profit Organizations (2021-2030) ($MN)
20 Global Car Leasing Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
21 Global Car Leasing Market Outlook, By Education and Institutions (2021-2030) ($MN)
22 Global Car Leasing Market Outlook, By Other End Users (2021-2030) ($MN)
23 North America Car Leasing Market Outlook, By Country (2021-2030) ($MN)
24 North America Car Leasing Market Outlook, By Product Type (2021-2030) ($MN)
25 North America Car Leasing Market Outlook, By Private Lease (2021-2030) ($MN)
26 North America Car Leasing Market Outlook, By Business Lease (2021-2030) ($MN)
27 North America Car Leasing Market Outlook, By Other Product Types (2021-2030) ($MN)
28 North America Car Leasing Market Outlook, By Vehicle Type (2021-2030) ($MN)
29 North America Car Leasing Market Outlook, By Passenger Car (2021-2030) ($MN)
30 North America Car Leasing Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
31 North America Car Leasing Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
32 North America Car Leasing Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
33 North America Car Leasing Market Outlook, By Lease Type (2021-2030) ($MN)
34 North America Car Leasing Market Outlook, By Operating Lease (2021-2030) ($MN)
35 North America Car Leasing Market Outlook, By Financial Lease (2021-2030) ($MN)
36 North America Car Leasing Market Outlook, By Other Lease Types (2021-2030) ($MN)
37 North America Car Leasing Market Outlook, By End User (2021-2030) ($MN)
38 North America Car Leasing Market Outlook, By Individual Consumers (2021-2030) ($MN)
39 North America Car Leasing Market Outlook, By Corporate Enterprises (2021-2030) ($MN)
40 North America Car Leasing Market Outlook, By Government and Public Sector (2021-2030) ($MN)
41 North America Car Leasing Market Outlook, By Non-Profit Organizations (2021-2030) ($MN)
42 North America Car Leasing Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
43 North America Car Leasing Market Outlook, By Education and Institutions (2021-2030) ($MN)
44 North America Car Leasing Market Outlook, By Other End Users (2021-2030) ($MN)
45 Europe Car Leasing Market Outlook, By Country (2021-2030) ($MN)
46 Europe Car Leasing Market Outlook, By Product Type (2021-2030) ($MN)
47 Europe Car Leasing Market Outlook, By Private Lease (2021-2030) ($MN)
48 Europe Car Leasing Market Outlook, By Business Lease (2021-2030) ($MN)
49 Europe Car Leasing Market Outlook, By Other Product Types (2021-2030) ($MN)
50 Europe Car Leasing Market Outlook, By Vehicle Type (2021-2030) ($MN)
51 Europe Car Leasing Market Outlook, By Passenger Car (2021-2030) ($MN)
52 Europe Car Leasing Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
53 Europe Car Leasing Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
54 Europe Car Leasing Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
55 Europe Car Leasing Market Outlook, By Lease Type (2021-2030) ($MN)
56 Europe Car Leasing Market Outlook, By Operating Lease (2021-2030) ($MN)
57 Europe Car Leasing Market Outlook, By Financial Lease (2021-2030) ($MN)
58 Europe Car Leasing Market Outlook, By Other Lease Types (2021-2030) ($MN)
59 Europe Car Leasing Market Outlook, By End User (2021-2030) ($MN)
60 Europe Car Leasing Market Outlook, By Individual Consumers (2021-2030) ($MN)
61 Europe Car Leasing Market Outlook, By Corporate Enterprises (2021-2030) ($MN)
62 Europe Car Leasing Market Outlook, By Government and Public Sector (2021-2030) ($MN)
63 Europe Car Leasing Market Outlook, By Non-Profit Organizations (2021-2030) ($MN)
64 Europe Car Leasing Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
65 Europe Car Leasing Market Outlook, By Education and Institutions (2021-2030) ($MN)
66 Europe Car Leasing Market Outlook, By Other End Users (2021-2030) ($MN)
67 Asia Pacific Car Leasing Market Outlook, By Country (2021-2030) ($MN)
68 Asia Pacific Car Leasing Market Outlook, By Product Type (2021-2030) ($MN)
69 Asia Pacific Car Leasing Market Outlook, By Private Lease (2021-2030) ($MN)
70 Asia Pacific Car Leasing Market Outlook, By Business Lease (2021-2030) ($MN)
71 Asia Pacific Car Leasing Market Outlook, By Other Product Types (2021-2030) ($MN)
72 Asia Pacific Car Leasing Market Outlook, By Vehicle Type (2021-2030) ($MN)
73 Asia Pacific Car Leasing Market Outlook, By Passenger Car (2021-2030) ($MN)
74 Asia Pacific Car Leasing Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
75 Asia Pacific Car Leasing Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
76 Asia Pacific Car Leasing Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
77 Asia Pacific Car Leasing Market Outlook, By Lease Type (2021-2030) ($MN)
78 Asia Pacific Car Leasing Market Outlook, By Operating Lease (2021-2030) ($MN)
79 Asia Pacific Car Leasing Market Outlook, By Financial Lease (2021-2030) ($MN)
80 Asia Pacific Car Leasing Market Outlook, By Other Lease Types (2021-2030) ($MN)
81 Asia Pacific Car Leasing Market Outlook, By End User (2021-2030) ($MN)
82 Asia Pacific Car Leasing Market Outlook, By Individual Consumers (2021-2030) ($MN)
83 Asia Pacific Car Leasing Market Outlook, By Corporate Enterprises (2021-2030) ($MN)
84 Asia Pacific Car Leasing Market Outlook, By Government and Public Sector (2021-2030) ($MN)
85 Asia Pacific Car Leasing Market Outlook, By Non-Profit Organizations (2021-2030) ($MN)
86 Asia Pacific Car Leasing Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
87 Asia Pacific Car Leasing Market Outlook, By Education and Institutions (2021-2030) ($MN)
88 Asia Pacific Car Leasing Market Outlook, By Other End Users (2021-2030) ($MN)
89 South America Car Leasing Market Outlook, By Country (2021-2030) ($MN)
90 South America Car Leasing Market Outlook, By Product Type (2021-2030) ($MN)
91 South America Car Leasing Market Outlook, By Private Lease (2021-2030) ($MN)
92 South America Car Leasing Market Outlook, By Business Lease (2021-2030) ($MN)
93 South America Car Leasing Market Outlook, By Other Product Types (2021-2030) ($MN)
94 South America Car Leasing Market Outlook, By Vehicle Type (2021-2030) ($MN)
95 South America Car Leasing Market Outlook, By Passenger Car (2021-2030) ($MN)
96 South America Car Leasing Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
97 South America Car Leasing Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
98 South America Car Leasing Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
99 South America Car Leasing Market Outlook, By Lease Type (2021-2030) ($MN)
100 South America Car Leasing Market Outlook, By Operating Lease (2021-2030) ($MN)
101 South America Car Leasing Market Outlook, By Financial Lease (2021-2030) ($MN)
102 South America Car Leasing Market Outlook, By Other Lease Types (2021-2030) ($MN)
103 South America Car Leasing Market Outlook, By End User (2021-2030) ($MN)
104 South America Car Leasing Market Outlook, By Individual Consumers (2021-2030) ($MN)
105 South America Car Leasing Market Outlook, By Corporate Enterprises (2021-2030) ($MN)
106 South America Car Leasing Market Outlook, By Government and Public Sector (2021-2030) ($MN)
107 South America Car Leasing Market Outlook, By Non-Profit Organizations (2021-2030) ($MN)
108 South America Car Leasing Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
109 South America Car Leasing Market Outlook, By Education and Institutions (2021-2030) ($MN)
110 South America Car Leasing Market Outlook, By Other End Users (2021-2030) ($MN)
111 Middle East & Africa Car Leasing Market Outlook, By Country (2021-2030) ($MN)
112 Middle East & Africa Car Leasing Market Outlook, By Product Type (2021-2030) ($MN)
113 Middle East & Africa Car Leasing Market Outlook, By Private Lease (2021-2030) ($MN)
114 Middle East & Africa Car Leasing Market Outlook, By Business Lease (2021-2030) ($MN)
115 Middle East & Africa Car Leasing Market Outlook, By Other Product Types (2021-2030) ($MN)
116 Middle East & Africa Car Leasing Market Outlook, By Vehicle Type (2021-2030) ($MN)
117 Middle East & Africa Car Leasing Market Outlook, By Passenger Car (2021-2030) ($MN)
118 Middle East & Africa Car Leasing Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
119 Middle East & Africa Car Leasing Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
120 Middle East & Africa Car Leasing Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
121 Middle East & Africa Car Leasing Market Outlook, By Lease Type (2021-2030) ($MN)
122 Middle East & Africa Car Leasing Market Outlook, By Operating Lease (2021-2030) ($MN)
123 Middle East & Africa Car Leasing Market Outlook, By Financial Lease (2021-2030) ($MN)
124 Middle East & Africa Car Leasing Market Outlook, By Other Lease Types (2021-2030) ($MN)
125 Middle East & Africa Car Leasing Market Outlook, By End User (2021-2030) ($MN)
126 Middle East & Africa Car Leasing Market Outlook, By Individual Consumers (2021-2030) ($MN)
127 Middle East & Africa Car Leasing Market Outlook, By Corporate Enterprises (2021-2030) ($MN)
128 Middle East & Africa Car Leasing Market Outlook, By Government and Public Sector (2021-2030) ($MN)
129 Middle East & Africa Car Leasing Market Outlook, By Non-Profit Organizations (2021-2030) ($MN)
130 Middle East & Africa Car Leasing Market Outlook, By Construction and Infrastructure (2021-2030) ($MN)
131 Middle East & Africa Car Leasing Market Outlook, By Education and Institutions (2021-2030) ($MN)
132 Middle East & Africa Car Leasing Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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