LONDON, March 24, 2016 /PRNewswire/ -- Strategic Analysis of Fleet Vehicle Leasing Market in Luxembourg : Fleet Leasing Business to Grow in Mid Term Driven by Customer Preference for Cheaper Mobility Solutions
This study details the company car market in Luxembourg, particularly the financial and operational leasing of passenger vehicles (PVs) and light commercial vehicles (LCVs). Analysis covers the country's environment for fleet vehicle leasing growth opportunities on the basis of historic data and current market conditions (PESTLE analysis). Also, discussion includes the drivers and restraints likely to impact the fleet and leasing industry. Finally, market segmentation and a comparison between suppliers of vehicle leasing in Luxembourg are explored. Aiding to the analysis, the study displays market size, by segment, in new registrations and portfolio forecasting from 2015 to 2019.
Fleet and Leasing Market: Key Takeaways, Luxembourg, 2014
The total market of vehicle parc (PVs and LCVs) is expected to grow for the next years at a CAGR of %. Growth in the LCV segment will be higher than in the PV segment.
Parc of the company car segment (composed of leasing and outright purchase) is expected to grow at a CAGR of % by 2019. Leasing will be higher for PVs than for LCVs.
The operational leasing segment, which is currently at K, is growing, with increase in awareness of its cost and management benefits. It is expected to reach a parc size of K by 2019.
Financial leasing, though lesser as compared to operational leasing, is seen as a substitute to outright purchase. Currently, with a parc of K, it is expected to reach K by 2019.
Luxembourg has a strong financial services sector. The leasing market is fragmented with more participants offering financial lease contracts than operational leases. While international participants rule the operational lease segment, local participants lead the financial lease segment.
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