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Europe Car Leasing Market Share

Report ID: GMI11850
Published Date: Oct 2024
Report Format: PDF

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Europe Car Leasing Market Share

Europe Car Leasing Company Market Share, 2023

Volkswagen Financial Services and Arval BNP Paribas Group collectively held a market share of around 20% in the Europe car leasing industry in 2023. Volkswagen Financial Services is expanding its electric vehicle portfolio in line with the Volkswagen Group's electrification strategy. The company is heavily investing in infrastructure and financial products to enhance EV leasing. This effort is driven by increasing customer demand for sustainable mobility and the EU's push for cleaner transportation.

Arval BNP Paribas Group is rapidly growing its corporate fleet leasing division, offering a comprehensive range of fleet management solutions, including telematics, fuel efficiency monitoring, and maintenance services. Additionally, the company is enhancing its Mobility as a Service (MaaS) offerings, enabling businesses to integrate traditional leasing with shared mobility and flexible leasing options. This is expected to help the company in maintaining a strong hold in the market.

Europe Car Leasing Market Companies

Major players operating in the Europe car leasing industry are:

Alphabet
Arval BNP Paribas
Athlon
Ayvens
Free2Move Lease
Hertz Lease
Leasys
Mobilize Lease&Co
Sixt Leasing
Volkswagen Financial Services

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for car leasing in Europe reached USD 28 billion in 2023 and is set to grow at a 6.1% CAGR from 2024 to 2032, driven by the transition towards electric vehicles (EVs) and the increasing availability of EV models.

The commercial segment held around 71% of the market share in 2023, as leasing enables businesses to manage extensive vehicle fleets without substantial upfront costs.

Germany's market is projected to cross USD 9 billion by 2032, led by the demand from the large industrial and corporate sectors.

Major players in the industry include Alphabet, Arval BNP Paribas, Athlon, Ayvens, Free2Move Lease, Hertz Lease, Leasys, Mobilize Lease&Co, Sixt Leasing, and Volkswagen Financial Services.