LONDON, March 15, 2016 /PRNewswire/ -- Strategic Analysis of Fleet Vehicle Leasing Market in Turkey : Fleet Leasing Growth Driven by SME Customers and Unaddressed Corporate Market in Anatolia
This study details the company car market in Turkey, 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 Turkey are explored. Aiding to the analysis, the study displays market size, by segment, in new registrations and portfolio forecasting from 2015 to 2019.
Key Findings
Fleet and Leasing Market: Key Takeaways, Turkey, 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 PV segment will be higher than in the LCV segment (i.e., former % and latter %).
Parc of the company car segment (composed of leasing and outright purchase) is expected to grow at a CAGR of % by 2019, driven by growth in the SME sector and increase in awareness.
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 seen as a substitute to outright purchase, is relatively smaller in number and is expected to remain stagnant for the next years with a CAGR of negative %.
Limitations exist in operational leasing of LCVs in Turkey, levied by the Road Transportation Regulation. However, potential change in legislation may result in LCV operational leasing parc to reach higher figures.
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