LONDON, Feb. 15, 2016 /PRNewswire/ -- Analysis of the Denmark Fleet and Leasing Market : Fleet Lease Market Shows Promising Signs of Growth with Operating Lease as the Key Driving Force
The objective of this study is to provide a market overview of company cars and fleet leasing in Denmark. The study discusses in detail the company car market in Denmark, especially financial and operational leasing of passenger vehicles and light commercial vehicles. The study analyses the Danish environment for the growth of the vehicle leasing market based on historic data and current market conditions. The study discusses market segmentation and market potential and compares the vehicle leasing suppliers in Denmark. Additionally, drivers and restraints that could impact the fleet and leasing market are presented.
Fleet and Leasing Market: Key Takeaways, Denmark, 2014
Denmark is a mature market for company cars. The company car parc market share in the total vehicle parc is expected to increase from % in 2014 to % in 2019.
Given the high vehicle taxation in Denmark (sales, registration, and VAT), leasing is a popular funding tool. The passenger vehicle fleet leasing industry is forecast to observe a strong growth of % from 2014 to 2019.
Leasing is well established in the light commercial vehicle (LCV) market, with operating lease as the preferred funding method. However, outright purchase still retains a % share of portfolio LCVs and is forecast to decrease to % by 2019.
Independent fleet leasing companies dominate the Danish fleet and leasing market. Additionally, captive finance companies are working on increasing their market share. The top participants (Jyske Finans, Nordania Leasing, and ALD Automotive) account for % of the total vehicle lease market.
Outright purchase dominates the passenger vehicle company car parc. Leasing is gradually evolving as a preferred funding method. The passenger vehicle fleet leasing market is forecast to observe a strong growth of % from 2014 to 2019.
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