The global financial leasing market revenue was around US$ 220.13 billion in 2022 and is estimated to reach US$ 350.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2031.
A finance lease is also known as a capital lease or sales lease. It is a kind of commercial lease in which the user rents an asset for the duration specified in the agreement, with the financial business being the legal owner of the asset. The asset user is called the lessee and the finance company is called the lessor in this contract or agreement.
Market Driving Factors
Rapid access to money by small-medium enterprises is propelling market growth. Businesses, especially small and medium-sized enterprises (SMEs), face financial constraints that prevent SMEs from acquiring and investing assets. Financial leasing offers a viable alternative by allowing companies to access essential equipment, vehicles, machinery, and services without the requirement for substantial capital outlays. In addition, financial leasing allows firms to extend their operations, and improve productivity by offering a means to overcome money limitations.
Cross-border leasing is estimated to create opportunities for the market. Cross-border leasing allows businesses to extend their processes into new markets and nations and financial leasing delivers a flexible and cost-effective solution to obtain assets without committing to long-term ownership. Additionally, cross-border leasing creates new growth opportunities for lessors to cater to the equipment requirements of international businesses and corporations.
The strict regulatory and legislative restrictions related to financial leasing are impeding market expansion.
Regional Analysis
North America dominated the market in terms of the largest share and maintained its dominance over the forecast period. With the boasting of a highly developed economy, this region is a hub for various industries, including transportation, healthcare, and technology. In this region, businesses usually turn to financial leasing as an efficient norm to acquire crucial assets while preserving capital for core processes. Furthermore, the market provides a broad range of leasing choices with well-established regulatory frameworks and the financial services industry. In addition, the region's technological expertise has encouraged the emergence of creative leasing solutions driving the market growth in the region.
Asia-Pacific is estimated to witness the highest growth during the projection period. This is owing to quick economic expansion in industries such as construction, manufacturing, and technology that are increasing the demand for leased assets. In addition, businesses in this region increasingly shift to financial leasing to access advanced equipment and technology without significant upfront prices. Government initiatives and profitable regulatory surroundings further boost the market.
Segmentation Insights
Type Insight
The banking segment dominates the market in terms of the largest share. This segment plays an important role in the financial leasing market, acting as a cornerstone for promoting leasing transactions. Banks usually serve as lessors, delivering the essential capital to acquire assets that are then leased to individuals or businesses. This allows businesses to access essential machinery, equipment, and technology without the requirement for significant upfront capital expenditure.
Business Type Insight
The international segment is predicted to dominate the market. International business in the market is a dynamic and connected arena that spans across boundaries, playing a key role in the international economy. This aspect of commerce involves the leasing of assets, such as machinery, equipment, and vehicles, to entities in various countries. It encourages the acquisition of necessary resources for businesses worldwide, offering an alternative to traditional financing or direct purchase.
Application Insight
The IT & Telecom segment dominates the market in terms of the significant revenue share. This is due to the rapid technological advances and frequent equipment upgrades, making leasing an appealing choice. Companies in this sector usually opt for financial leasing to access advanced technology without significant upfront prices. This allows them to remain competitive and adapt to evolving industry norms.
Prominent Companies
Segmentation Outline
The global financial leasing market segmentation focuses on Type, Business Type, Application, and Region.
By Type
By Business Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL FINANCIAL LEASING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: FINANCIAL LEASING MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL FINANCIAL LEASING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL FINANCIAL LEASING MARKET, BY TYPE
5.1 OVERVIEW
5.2 BANKING
5.3 NON-BANKING
6 GLOBAL FINANCIAL LEASING MARKET, BY BUSINESS TYPE
6.1 OVERVIEW
6.2 DOMESTIC
6.3 INTERNATIONAL
7 GLOBAL FINANCIAL LEASING MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 IT & TELECOM
7.3 AUTOMOTIVE
7.4 HEALTHCARE
7.5 CONSTRUCTION
7.6 MANUFACTURING
7.7 OTHERS
8 GLOBAL FINANCIAL LEASING MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL FINANCIAL LEASING MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 BNP PARIBAS LEASING SOLUTIONS
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 CDB LEASING CO. LTD
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 CIT GROUP INC
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 DE LAGE LANDEN INTERNATIONAL B.V.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 DLL GROUP
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 FUYO GENERAL LEASE CO., LTD
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 GE CAPITAL AVIATION SERVICES
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 HITACHI CAPITAL CORPORATION
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 INDUSTRIAL AND COMMERCIAL BANK OF CHINA FINANCIAL LEASING CO., LTD
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 JAPAN AIRLINES LEASE CO., LTD
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 MIZUHO LEASING COMPANY LIMITED
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 PACCAR FINANCIAL CORP
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 SMBC AVIATION CAPITAL
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 SUMITOMO MITSUI FINANCE AND LEASING CO., LTD
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 WELLS FARGO EQUIPMENT FINANCE
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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