Mobility models drive growth opportunities
- 17/04/2018
- Posted by: Simon Wait
- Category: News
New mobility models such as electronic vehicle (EV) leasing and used car leasing are set to transform the global fleet leasing market and create growth opportunities.
Frost & Sullivan expects demand to be driven by operational leasing, which is predicted to account for 30.3% of company cars sold in 2018. Emerging countries such as Ukraine (33.6%), Russia (19.6%), Croatia (15.3%), and Hungary (12.6%) will top year-on-year growth rates in fleet leasing sales.
‘Fleet accounts for 12.8% of global vehicles in operation with 91.2% recognised as true fleet volume. Only 19.5% of this true fleet volume is leased- this represents a huge growth opportunity as usage rises’, said Abishek Narayanan, mobility industry analyst at Frost & Sullivan. ‘Europe has the largest company car market globally with 33.8% of total company cars on roads. Out of the company cars in Europe, 40.4% are leased, which is the highest across regions.’
To be successful in a consolidating market, Abishek recommended providers focus on offering customers full-service operational leases with added features like flexibility in duration, vehicle swapping, and more.