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Automotive Fleet Leasing Market Share

Report ID: GMI7963
Published Date: Jan 2024
Report Format: PDF

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Automotive Fleet Leasing Market Share

Ayvens and Wheels, Inc. hold a significant market share of over 10% in the automotive fleet leasing industry. Ayvens focuses on diversifying its service offerings to cater to a broader range of customers. This involves expanding into new vehicle types, such as Electric Vehicles (EVs), or offering additional services including telematics, maintenance, and fuel management.

Wheels, Inc. offers customizable solutions and flexible lease terms that allow the company to meet diverse client needs. This approach attracts businesses that need tailored solutions for their unique operational requirements.

Automotive Fleet Leasing Market Companies

Major companies operating in the automotive fleet leasing industry are:

ARI
AutoFlex AFV
Ayvens
Caldwell Leasing
Element Fleet Management Corp.
Emkay
Enterprise Holdings
Ewald Automotive Group
Glesby Marks
Merchants Fleet
Samsara Networks, Inc.
Sixt Leasing SE
Velcor Leasing Corporation
Wheels, Inc.
Wilmar Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive fleet leasing reached USD 25.3 billion in 2023 and is set to observe 6% CAGR between 2024 and 2032, due to the growing urbanization and the increasing number of businesses in urban areas seeking flexible and cost-effective transportation solutions.

The open-ended segment accounted for 60% of the market share in 2023, propelled by its flexibility and lower monthly payments.

North America recorded around 38% of the market share in 2023, led by minimized upfront expenditures compared to vehicle ownership in the region.

Some of the prominent automotive fleet leasing firms include ARI, AutoFlex AFV, Ayvens, Caldwell Leasing, Element Fleet Management Corp., Emkay, Enterprise Holdings, Glesby Marks, Merchants Fleet, and Samsara Networks, Inc.