Market Overview

2019 Car/Trucks Rental and Leasing Services Market: Segmented by Applications, Geography and 2021 Forecasts

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“Automobile Rental And Leasing Market By Segments (Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer & Recreational Vehicle Rental And Leasing), By Region And By Key Players – Global Forecast To 2021”
Enterprise Holdings Was The Largest Company In The Automotive Equipment Rental And Leasing Market, According To TBRC's Report
(Companies: Enterprise Holdings, The Hertz Corporation, Daimler, Avis Budget, and Volkswagen Leasing GmbH)

The global automotive equipment rental and leasing market was valued nearly at $249 billion in 2017. North America was the largest market for automotive equipment rental and leasing, accounting for around 38% of the global market in 2018. The USA is the largest country in terms of value in the automotive equipment rental and leasing market.

The automotive equipment rental and leasing market includes companies involved in renting or leasing trucks and passenger cars without drivers and utility trailers. These establishments operate from a rent-like facility. Some automotive equipment rental and leasing companies offer short-term rental and long-term leases, while others provide both types of services.

Read More On The Global Automotive Equipment Rental And Leasing Market Report At:

https://www.thebusinessresearchcompany.com/report/automotive-equipment-rental-and-leasing-market

Automotive Equipment Rental And Leasing Market Size

The automotive equipment rental and leasing market is expected to reach at a value of around $330 billion, growing at a growth rate of around 8% in the forecast period. This is mainly due to emerging markets growth – the automotive equipment rental and leasing market is expected to be driven by growth in emerging markets. However, the market for automotive equipment rental and leasing is expected to face certain restraints from several factors such as customer service and transparency – the automotive equipment rental and leasing market will be challenged by the need to maintain transparency and high customer satisfaction levels in their service.

Players in the market include Enterprise Holdings, The Hertz Corporation, Daimler, Avis Budget, and Volkswagen Leasing GmbH.

Enterprise Holdings was the largest company in the automotive equipment rental and leasing market in 2017 with a revenue of around $15 billion. The company currently operates in more than 90 countries and territories. It is headquartered in St. Louis, Missouri, United States.

Request A Free Sample Of The Global Automotive Equipment Rental And Leasing Market Report At:

https://www.thebusinessresearchcompany.com/sample.aspx?id=809&type=smp

Automotive Equipment Rental And Leasing Market Segmentation

The global automotive equipment rental and leasing market is further segmented based on type and geography. 

By Type – The automotive equipment rental and leasing market is segmented into passenger car rental, passenger car leasing, truck, utility trailer, and recreational vehicle rental and leasing. Among these segments, the passenger car rental market accounts for the largest share in the global automotive equipment rental and leasing industry. 

By Geography – The global automotive equipment rental and leasing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. North America’s automotive equipment rental and leasing market was the largest in the world. It currently accounts for about 38% of the global automotive equipment rental and leasing market. The automotive equipment rental and leasing market is well established in North America. The major international vehicle rental and leasing companies are headquartered in the USA. Automotive equipment rental and leasing companies in North America use open-end model of leasing, i.e. an agreement that requires the lessee to make a payment at the end of the term to purchase the asset.

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Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: 2019 Car/Trucks Rental and Leasing Services Market: Segmented by Applications, Geography and 2021 Forecasts

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