Financial Leasing Market is anticipated to $369.30 billion, 5.30% CAGR by 2032

Financial Leasing Market Size Worth $369.30 Billion By 2032 | CAGR: 5.30%


The global financial leasing market size is expected to reach USD 369.30 billion by 2032, according to a new study by Polaris Market Research. The report “Financial Leasing Market Share, Size, Trends, Industry Analysis Report, By Type (Banking, Non-Banking); By Business Type; By Application; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The finance lease allows enterprises facing financial conditions to acquire costly assets; the financial leasing market has to face some of the market restraints are the risks arising from exchange rate changes and the problems faced because of a precarious regulatory scenario in other countries are potentially prevented finance lease service providing companies keen to provide international finance lease services are hampering the market growth. The untapped possibility of developing countries and the wave in government support and initiatives toward leasing services are opportunities for the financial leasing market growth.

The surge in demand for heavy machinery, equipment, and essential assets, particularly in sectors like healthcare, construction, and IT & telecom, is a primary factor driving growth. Developing nations transitioning from agricultural to manufacturing-based economies are set to fuel demand for financial leasing. Furthermore, the global increase in demand for automobiles and durable consumer goods is poised to contribute to a positive outlook for market expansion.

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The global financial leasing market is witnessing expansion, driven by increased credit accessibility, enabling consumers to make significant purchases like homes and cars on credit. Additionally, finance leases offer specific advantages, including low monthly installments, extended terms, significant tax benefits, and hassle-free maintenance. These installments encompass insurance charges, rendering leasing options cost-effective. Given these factors, the industry is poised for a favorable outlook.

Furthermore, businesses and organizations are increasingly opting for equipment leasing to mitigate risks and potential losses. This trend is expected to create growth opportunities in the market. However, concerns persist regarding fluctuating interest rates from finance lease providers, which could temper growth. Moreover, a rising inflation rate can negatively impact bank profitability and real returns on financial assets, potentially making financial leasing less profitable.

Financial Leasing Market Report Highlights

  • Banking segment accounted for largest market share in 2022, due to enhancing the overall efficiency and effectiveness of leasing operations
  • International segment is expected to witness highest growth during forecast period, due to diverse range of industries it serves
  • IT & Telecom segment held the significant market revenue share in 2022, mainly due to rapid technological advancements
  • North America region dominated the market with majority share in 2022, owing to exponential growth in the technology and rising R&D investments
  • The global key market players include CIT Group Inc., De Lage Landen International B.V., DLL Group, Fuyo General Lease Co., Ltd., GE Capital Aviation Services (GECAS), Hitachi Capital Corporation

Polaris Market Research has segmented the financial leasing market report based on type, business type, application, and region:

Financial Leasing, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Banking
  • Non-Banking

Financial Leasing, Business Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Domestic
  • International

Financial Leasing, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • IT & Telecom
  • Automotive
  • Healthcare
  • Construction
  • Manufacturing
  • Others

Financial Leasing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Financial Leasing Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 243.39 billion

Revenue forecast in 2032

USD 369.30 billion

CAGR

5.30% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Business Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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