Global Financial Leasing Market growing at a CAGR of 5.4% from 2023 to 2030
Category : Industry Services | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
The financial leasing market is poised for strong expansion and is projected to reach USD 316.71 Million by 2030. The market was sized at USD 209.69 Million in 2022 and is predicted to grow at a compound annual growth rate of 5.4% during the period 2023-2030.
The report highlights the increasing adoption of financial leasing owing to the rising demand from small and medium enterprises to reduce upfront costs and improved productivity. Consegic Business Intelligence provides an inclusive research report on the financial leasing market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Financial Leasing Market By Overview
Consegic Business Intelligence provided an inclusive research report on the financial leasing market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The non-banks segment is anticipated to witness the fastest CAGR in the financial leasing market during the forecast period. Non-bank financial institutions, including fintech companies and specialized leasing firms, bring innovation and disruption to the financial services industry. The companies leverage technology and digital platforms to offer alternative and streamlined financial leasing solutions. In addition, non-bank financial institutions specialize in specific sectors and possess expertise in specific domains, to offer tailored financial leasing solutions that meet the unique requirements of businesses.
Get Free SampleMarket Dynamics
Driver:
- Quick access to capital by small-medium enterprises (SMEs) resulting in improved productivity is driving the growth of the financial leasing market.
- Emergence of advanced solutions including 360-degree capital leasehold to reduce upfront costs is propelling the market growth.
- Financial leasing allows businesses to acquire a range of hardware and equipment in the IT industry eliminating the need to invest in large upfront capital is bolstering the market growth.
Restraints:
- Regulatory and legal constraints associated with financial leasing including the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) are hampering the growth of the market.
- Credit and risk assessment associated with financial leasing is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Banks and Non-Banks |
| By Product | Domestic Business and International Business |
| By Application | Transportation, Medical Devices, Energy & Environment, Construction Equipment, Industrial Machinery, IT & Telecom, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for financial leasing market is highly competitive with major players including Bank of America Corporation, BNP Paribas Leasing Solutions, Commerce Bancshares, Inc., and Crest Capital that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the financial leasing market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Bank of America Corporation
- BNP Paribas Leasing Solutions
- Commerce Bancshares, Inc.
- Crest Capital
- CSI Leasing, Inc.
- Fifth Third Bank
- HSBC Group
- LCI Operations Limited
- M&I Equipment Finance
- North Star Leasing
- SMBC Group
- Texas Capital Bancshares, Inc.
- Wells Fargo Bank N.A.
- XCMG America Financial LLC
