Luxury Car Leasing Market Poised for Substantial Growth
A new press release from Data Bridge Market Research (DBMR) forecasts robust growth for the luxury car leasing market.
Data Bridge Market Research has released a report projecting a Compound Annual Growth Rate (CAGR) of 13.30% for the luxury car leasing market during the forecast period. The report analyzes various aspects of the present and future market landscape, aiming to provide a clearer understanding of market dynamics and assist businesses in strategic positioning.
The firm’s analysis indicates that the global luxury car leasing market, valued at USD 20.89 billion in 2022, is expected to reach USD 56.73 billion by 2030.
Market Dynamics and Key Trends:
The press release highlights the increasing preference for leasing luxury vehicles over standard cars. Factors contributing to this trend include the growing influence of digitalization, particularly since the COVID-19 pandemic, which shifted demand from offline markets.
With approximately 1,149 billionaires residing in the Asia-Pacific region, the demand for luxury car rentals is experiencing an upswing. Leasing luxury cars is becoming a considerable market in both developed and developing regions because of rising trends during the projected period.
Key Market Players:
The report identifies several major players in the luxury car leasing market, including:
- Avis Budget Group (U.S.)
- SIXT (Germany)
- Enterprise Holdings, Inc (U.S.)
- Europcar (France)
- Localiza (Brazil)
- The Hertz Corporation (U.S.)
…and others such as Carzonrent India pvt ltd (India), Eco Rent a Car (India), Advantage OPCO, LLC (U.S.), Shenzhen Topone Car Rental Co. Ltd (China), Bettercar Rental (Dubai), National Car Rental (U.S.), LeasePlan (India), ALD Automotive (France), mychoize (India), and Zoomcar India Private Limited (India), ORIX (Japan) among others.
Market Segmentation:
The study segments the luxury car leasing market by:
- Type: Compact, Mid-Size, Full-Size, Luxury Crossovers, Minivans, Luxury SUVs
- Rental Type: Business, Leisure
- Term: Short-term rental, Long-term rental, Finance leasing
- Category: Self-Driven, Chauffeur-Driven
- Applications: Airport, Off-airport
- End User: Local Usage, Airport Transport, Outstation, Others
- Booking Mode: Online, Offline
The press release provides a comprehensive overview of the luxury car leasing market, its key drivers, and the competitive landscape. It serves as a valuable resource for businesses looking to understand and capitalize on the evolving trends in the automotive rental sector.
