NEW YORK, March 14, 2016 /PRNewswire/ -- Strategic Analysis of Fleet Vehicle Leasing Market in Ukraine: Operating Lease is Set to Grow at a CAGR Of 18% During the 2014–2019 Period, driven by the Post-crisis Market Revival
Total vehicle sales in Ukraine has been decreasing due to ongoing geopolitical tensions and economic recession. However, the market revival is anticipated to begin after 2016. Both financial and operational leasing segments are expected to demonstrate exceptional growth. In the passenger cars segment of the financial lease market, the CAGR (2014–2019) is set to exceed 15%. Operating lease market CAGR is projected to be more than 18%. In addition, this research gives you an insight into market drivers and restraints, and fleet and leasing suppliers' market share.
Operating lease is set to demonstrate the highest growth— % CAGR over the 2014–2019 period.
Total Leasing Market: Key Takeaways, Ukraine, 2014–2019
1.The total vehicle market sales decreased by % over the 2013–2015 period, due to economic recession, devaluation of hryvnia, decrease in industrial output and geopolitical tension. 1 Company car sales accounted for % of the total market, as SMEs allow the use of personal employee vehicles and further compensate operating costs.
2 The company car market is set to grow at a CAGR of % over the 2014–2019 period, driven by the post-crisis market revival.
3 Operating lease is set to grow at a CAGR of %, while financial leasing is set to demonstrate only a % growth over the 2014–2019 period.
4 Volkswagen, Renault and Fiat are the top LCV brands for company cars in Ukraine. % of the company cars in the LCV segment is accounted for by outright purchase.
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