Enterprise Asset Leasing Market (By Asset Type: Commercial Vehicles, Real Estate, Machinery and Industrial Equipment, Others; By Leasing Type: Operating Lease, Financial Lease; By Organization Size: SMEs, Large Enterprises; By Industry Vertical: Manufacturing, Construction, Government and Public Sector, Transportation and Logistics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global enterprise asset leasing market size was exhibited at USD 1,036 billion in 2022 and is projected to hit around USD 3,665.81 billion by 2032, growing at a CAGR of 13.47% during the forecast period 2023 to 2032.

Key Pointers:

• North America captured the highest revenue share in 2022.
• Asia-Pacific is expected to expand at the fastest CAGR between 2023 and 2032.
• By Asset Type, the commercial vehicles segment recorded the largest revenue share in 2022.
• By Industry Vertical, the transportation and logistics segment contributed the maximum revenue shares in 2022.

Enterprise Asset Leasing Market Report Scope

An enterprise asset lease is an agreement wherein, one party, the lessor grant rights to the other party, the lessee to use capital goods or other assets such as utility vehicle, commercial equipment, medical & IT software for professional purpose against certain periodic payments.The lessee also has the option to acquire the ownership of the asset after the lease is over.

It has been witnessed that COVID-19 has also majorly disrupted the businesses and entities as much as it has affected personal lives, due to which the demand for software, capital equipment, and vehicle has slowed down. This lower demand results from liquidity crisis in economy. In that scenario, leasing has proven to be a strong financing alternative because it facilitates entities such as start- multinationals, and others to acquire the right to use property, plant and equipment without making large initial cash outlays.

Enterprise leasingoffers multiple advantages over standard mode of borrowing, whichinclude high profitability, tax benefits, and inflation friendly and secure investments. Furthermore, enterprise lease benefits companies in terms of growth by giving them an opportunity to use or acquire the movable capital equipment with less capital investment. It not only enhances the production capacity of the company but at the same time ensures companies to use the equipment without facing the risk of purchasing .All these factors reduce the operating cost of companies, improve the economic performance and enable its adoption among consumers.

Growth in global average price of utility vehicles, shiftin the risk of obsolescence, tax advantageand higher return on capital employedare the major factors that drive theglobal enterprise asset leasing market growth. However, increase in debt from various borrowers and high cost hampers the growth of the market. On the contrary, untapped potential of emerging economies and surge in government support & initiatives toward leasing servicesare expected to provide lucrative opportunity for the enterprise asset leasing market expansion during the forecast period.

By asset type, the enterprise asset leasing market was led by the commercial vehicles segment in 2022, and is projected to maintain its dominance during the forecast period. Growth in demand for commercial vehicles continues to rise in enterprise asset leasing market as auto companies provide availability of finance in the market. However, the IT equipment segment is expected to grow at the highest rate during the forecast period, owing to rise in trend among telecommunication firms to adopt IT equipment & software on lease for improving the decision-making capability of the organization and to ensure efficient working of the business resources. 

Region wise, the enterprise asset leasing marketshare was dominated by North America in 2022, and is expected to retain its position during the forecast period. The major factors that drive the growth of the enterprise asset leasing market in this region include the presence of key players in the U.S. and resulting into large-scale leasing for commercial equipment in the country in order to conduct business operations and make profit.  However, Europe is expected to witness significant growth rate during the forecast period,  because Enterprise leasing service providers in the region are focused on providing insurance, maintenance, and fleet services to major manufacturing companies, which is the basic requirement to create awareness regarding financing among consumers.

The report focuses on the growth prospects, restraints, and trends of the global enterprise asset leasingmarket analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global enterprise asset leasing market.

Some of the prominent players in the Enterprise Asset Leasing Market include:

• Bohai Leasing Co. Ltd.
• Sumitomo Mitsui Finance and Leasing Co., Ltd.
• BNP Paribas Leasing Solutions
• General Electric Company
• ICBC Financial Leasing Co. Ltd
• ORIX Corporation
• White Oak Financial LLC
• Wells Fargo Bank N.A.
• Enterprise Asset Leasing
• Origa Leasing
• Air Lease Corporation

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Enterprise Asset Leasing market.

By Asset Type

• Commercial Vehicles
• Real Estate
• Machinery and Industrial Equipment
• Others

By Leasing Type

• Operating Lease
• Financial Lease

By Organization Size

• SMEs
• Large Enterprises

By Industry Vertical

• Manufacturing
• Construction
• Government and Public Sector
• Transportation and Logistics
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)