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Finance Lease Market Size, Share, and Industry Report [2031]
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Finance Lease Market Size, Share, and Industry Report [2031]

Segments - Finance Lease Market by Applications (Construction Machinery, Automotive, Energy Chemical and Infrastructure, Medical Devices, Aviation, Telecom Media and Technology, Shipping, Manufacturing, and Others), Products (Domestic Business and International Business), Types (Non-banking Financial Institutions and Banks), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Swarup Sahu
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Fact-checked by : V. Chandola
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Editor : Ranjit Pankhade

Upcoming | Report ID :BFSI-2841 | 4.5 Rating | 79 Reviews | 194 Pages | Format : PDF Excel PPT

Report Description


The global finance lease market size was USD 221.76 Billion in 2022 and is likely to reach USD 346.98 Billion by 2031 , expanding at a CAGR of 5.1% during 2023 – 2031.The growth of the market is attributed to the growing demand for expensive equipment, machinery, and other necessary assets.

Finance Lease Market Outlook

Financial Leasing is a known process of involving the finance where lessor buys given amount of assets for the lessee and rent it for the agreed duration or period. The lessee has an option to take over the ownership of the asset on the completion of the lease period. In addition to this, the lessor is liable for the maintenance, insurance, and taxes. The COVID-19 pandemic outbreak has brought a negative impact on the market resulting in decelerating investment spending. The market is expected to rebound by the end of 2021 as organizations are resuming their operations globally.

  • Cost-effective nature of finance lease for acquiring assets is one of the key factors driving the market growth.

  • Governments support for banks and non-banking financial institutions is expected to boost the market growth in the coming years.

  • Lessee loses complete ownership from the asset once the agreement is made, which is likely to hinder the market growth during the forecast period.

  • Non-payment can negatively affect the credit rating of both the guarantor and the business present a major restraining factor. This is anticipated to hamper the market expansion during the projected timeline.

  • Lucrative government initiatives for customers as well as business to create a significant growth opportunity for the market in the near future.

Scope of the Report

The report on the global finance lease market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Finance Lease Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Construction Machinery, Automotive, Energy Chemical and Infrastructure, Medical Devices, Aviation, Telecom Media and Technology, Shipping, Manufacturing, and Others), Products (Domestic Business and International Business), and Types (Non-banking Financial Institutions and Banks)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Bank of America Leasing & Capital, LLC; BNP Paribas Leasing Solutions; Sumitomo Mitsui Finance and Leasing Co., Ltd; HSBC Group; JP Morgan Chase & Co.; and Wells Fargo Bank N.A.

Market Segment Insights

Aviation segment is expected to grow at a rapid pace

Based on applications, the global finance lease market is divided into construction machinery, automotive, energy chemical and infrastructure, medical devices, aviation, telecom media and technology, shipping, manufacturing, and others. The aviation segment is expected to grow at a rapid pace during the forecast period owing to the high purchase associated with the equipment, which are in high demand globally.

Lesser risk related to domestic business to drive the segment

In terms of products, the market is bifurcated into domestic business and international business. The domestic business segment is projected to expand at a considerable CAGR during the forecast period attributed to the lesser risks associated with the regulatory changes and fluctuating exchange rates.

Non-banking financial institutions segment is anticipated to hold significant market share

On the basis of types, the global finance lease market is bifurcated into non-banking financial institutions and banks. The non-banking financial institutions segment is anticipated to hold significant market share in the coming years owing to rise in preference for leasing equipment in small and medium-sized businesses because of capital constraints.

Finance Lease Market Type

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global finance lease market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period attributed to the expansion of the construction industry across the region.

Finance Lease Market Region

Segments

The global finance lease market has been segmented on the basis of

Applications

  • Construction Machinery
  • Automotive
  • Energy Chemical and Infrastructure
  • Medical Devices
  • Aviation
  • Telecom Media and Technology
  • Shipping
  • Manufacturing
  • Others

Products

  • Domestic Business
  • International Business

Types

  • Non-banking Financial Institutions
  • Banks

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global finance lease market are Bank of America Leasing & Capital, LLC; BNP Paribas Leasing Solutions; Sumitomo Mitsui Finance and Leasing Co., Ltd; HSBC Group; JP Morgan Chase & Co.; and Wells Fargo Bank N.A. As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

Finance Lease Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Finance Lease Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Finance Lease Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Finance Lease Market - Supply Chain
  4.5. Global Finance Lease Market Forecast
     4.5.1. Finance Lease Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Finance Lease Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Finance Lease Market Absolute $ Opportunity
5. Global Finance Lease Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Finance Lease Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Finance Lease Demand Share Forecast, 2019-2026
6. North America Finance Lease Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Finance Lease Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Finance Lease Demand Share Forecast, 2019-2026
7. Latin America Finance Lease Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Finance Lease Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Finance Lease Demand Share Forecast, 2019-2026
8. Europe Finance Lease Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Finance Lease Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Finance Lease Demand Share Forecast, 2019-2026
9. Asia Pacific Finance Lease Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Finance Lease Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Finance Lease Demand Share Forecast, 2019-2026
10. Middle East & Africa Finance Lease Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Finance Lease Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Finance Lease Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Finance Lease Market: Market Share Analysis
  11.2. Finance Lease Distributors and Customers
  11.3. Finance Lease Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bank of America Leasing & Capital, LLC
     11.4.2. BNP Paribas Leasing Solutions
     11.4.3. Sumitomo Mitsui Finance and Leasing Co., Ltd
     11.4.4. HSBC Group
     11.4.5. JP Morgan Chase & Co.
     11.4.6. Wells Fargo Bank N.A.

Methodology

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