With the rise in mobile phone and
internet penetration, online portals and mobile applications are widely being
used to rent or lease goods. These mobile applications and online portals
consist of an interface that enables users to view products and choose the
desired one to be rented. The online leasing portals may offer various types of
products or specialize in a single product. Major products being widely offered
for lease through online portals include electronics, furniture, appliances,
cameras, automobiles and others. According to PricewaterhouseCoopers, around
44% of US adults are familiar with the sharing economy which includes leasing
and global revenues for this market is expected to increase from $15 billion in
2014 to $335 billion by 2025.
THE BUSINESS RESEARCH COMPANY
EXPECTS THE GLOBAL LEASING MARKET TO GROW TO MORE THAN $2.5 TRILLION BY 2021
Asia Pacific was the largest region in the leasing market in 2017,
accounting for one-third of the market share.
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According to The Business Research Company’s Consultant, Nitin
Gianchandani, hospitals and healthcare facilities are increasingly renting
medical equipment to avoid huge investments in the purchase of scarcely used
medical equipment. Many healthcare services companies are avoiding making
investments in medical equipment which might not be used to its full potential
as these investments are instead being used to develop other areas of the
business.
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Enterprise Holdings Inc. was the
biggest player in the leasing market in 2017, with revenues of $21 billion in
2016. The company’s growth strategy is to expand its foot print in the global
car leasing services market through strategic acquisitions. For instance, in
June 2017, the company acquired Vride; a US based vanpooling company for
undisclosed amount. [i]In
July 2013, Enterprise Holdings completed the acquisition of Zimride, an online
service provider in the US that connects drivers, passengers, partners and
corporate campuses to facilitate sustainable transportation solutions.
The leasing services market is segmented into Automotive
Equipment Rental And Leasing, Consumer Goods And General Rental Centers,
Machinery Rental and Lessors of Nonfinancial Intangible Assets.
Automotive Equipment
Rental And Leasing market segment comprises establishments that rent out or
lease of passenger cars, trucks, utility vehicles, trailers, recreational
vehicles.
Consumer Goods And
General Rental Centers market segment comprises establishments rent-out of
consumer electronics, electrical appliances, home health equipment,
recreational goods, formal clothes and costumes, and other goods.
Machinery Rental
Market segment comprises establishments that rent out or lease machinery
and equipment related to construction, mining, forestry, transportation,
offices, other commercial and industrial machinery.
Lessors of
Nonfinancial Intangible Assets assign rights to assets such as trademarks,
patents, brand names, franchise agreements for which a royalty payment or
licensing fee is paid to the asset holder.
Leasing Global Market Report 2018 is a detailed report giving a
unique insight into this market. The report is priced at $1000 for an
individual user. To use across your office, the price is $1500 and $2000 if you
wish to use across a multinational company.
About The Business Research Company
The Business Research Company is a market research and
intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and
the US as well a network of trained researchers globally. It has specialist
consultants in a wide range of industries including manufacturing, healthcare,
chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds of
research projects to the senior management of some of the world's largest
organizations.
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Email: info@tbrc.info
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