Electric vehicle leasing, private car leasing, and mobility services are transforming the leasing industry
LONDON, July 9, 2018 /PRNewswire/ -- Frost & Sullivan, the growth partnership company, will host a live, complimentary Growth Innovation Leadership (GIL) briefing, Growth Opportunities in the Global Light Vehicle Leasing Industry, on Thursday, July 19, 2018, at 12 p.m. EDT. This webinar will offer expert insights from Octavian Chelu, Principal Consultant, and Abishek Narayanan, Industry Analyst, both representing the Fleet & Leasing programme in Frost & Sullivan's Mobility Practice, as well as industry experts that will discuss and present their views on the vehicle subscription model, electric vehicle leasing and industry-wide future developments.
For more information and to register for the webinar, please click here.
Electric vehicle (EV), private, as well as small-medium enterprise (SME) leasing will dominate the leasing industry over the next three to five years, creating tremendous growth opportunities. Digitisation, customisation, and online sales promotion will drive growth for these customer segments.
"It is imperative for companies leveraging digital tools to ensure that they are effectively implemented from end to end, across the entire value chain," said Narayanan. "This means covering the customer experience from pre-purchase to post-purchase, whether in terms of creating digital interactive showrooms, using blockchain technology or setting up platforms for online purchase."
The global fleet vehicle leasing market witnessed an eventful 2017. It was marked by a strong showing from the full-service operational leasing segment, which registered year-over-year growth of 5.2% and accounted for almost 60% of total fleet leasing contracts. The global company car leasing market, covering financial and operational leasing, also grew by 5.2% year-over-year and accounted for just over 50% of the total company car fleets registered in 2017.
"OEMs are aggressively pursuing new EV leasing solutions, thereby pushing leasing companies to consider new business models that bring EVs into the fleet market," noted Chelu. "While SME leasing offers enormous untapped potential, private lease markets in Europe and North America are expected to grow strongly due to consumers' preference for a fixed budget and hassle-free user experience."
We invite you to join Frost & Sullivan's Mobility team for this webinar to gain an understanding of what makes operational leasing a preferred solution and whether it will continue to dominate; the impact of EVs and hybrid vehicles on the leasing market; and what regions hold the most scope for the growth of the leasing market in the future.
Expert Insights You Don't Want to Miss:
- Identify growth opportunities in the leasing industry ecosystem
- Learn best practices for targeting diverse customer segments and differentiating product offerings to expand market share
- Find out about emerging mobility solutions, for which demand is growing and which compete with traditional leasing solutions
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
SOURCE Frost & Sullivan