NEW YORK, March 10, 2016 /PRNewswire/ -- Strategic Analysis of Fleet Vehicle Leasing Market in Ireland : A Positive Economic Outlook and Increasing Demand for Corporate Cars shows Promising Growth Signs
The objective of this study is to provide a market overview of company cars and fleet leasing in Ireland. The study discusses in detail the company car market in Ireland, especially financial and operational leasing of passenger vehicles and light commercial vehicles. The study also talks about the fleet leasing penetration in company car market, the market share of top 10 players, the key drivers and restraints for the growth of vehicle leasing, and the implications of tax structure and accounting standards on fleet leasing.
Fleet and Leasing Market: Key Takeaways, Ireland, 2014
2014 saw a strong recovery in the new registrations with a YOY growth at %, following two years of decline. The total vehicle sales is expected to grow at % from 2014 to 2019.
The total fleet new registration is expected to cross 100K mark by 2018, driven by the growth of company car accounting for %. The company car market share is expected to be % of the total fleet sales by 2019.
Passenger Vehicle Parc - The share of outright purchase in the company car parc is about %. Operational leasing which accounts to % of company car parc is expected to grow at a CAGR of %.
LCV New Registration - Outright purchase occupies % share in LCV new registration. LCV leasing ( % CAGR) is expected to observe a higher growth compared to outright purchase ( % CAGR) from 2014 to 2019.
Independent fleet leasing companies dominate the Ireland fleet leasing market. The top 3 companies accounted to % of the total vehicles leased
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