LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent vehicle leasing market in Europe report. This market research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the vehicle leasing market in Europe is highly fragmented with the presence of a large number of players. The market fragmentation is increasing the competition among the players in terms of lease rate, car model, and other marketing expertise. The big vehicle leasing players in Europe are increasing the types of fleet and raising the number of electric cars in their portfolio to gain a competitive edge. As the market is highly fragmented, the players are concentrating on the volume of cars leased rather than the quality of leasing services. Hence, market consolidation is recommended in the vehicle leasing market in Europe to increase the quality of services.
Small and medium-sized enterprises are the major strength of the European economy. By the end of 2015, these SMEs accounted for more than 90% of the overall business in Europe. As SMEs are small revenue organizations, they usually go for zero asset businesses to minimize their cost. Hence, the SMEs opt for leasing over purchasing of vehicles, which augurs well for the growth of the market during the forecast period,” says Sharan Raj, a lead construction research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
ALD Automotive
ALD Automotive provides operational lease and fleet management solutions worldwide. ALD Automotive has easy-to-use tools for fleet managers named My ALD portal, which helps to maintain the fleet and administrative tasks. It helps the client to utilize their time on core activities. This portal also helps drivers to gain all the required information. Moreover, the portal includes car management history, mileage updates, service alerts, and other fleet-related information, which help both the client and the fleet drivers.
Arval
Arval offers customized vehicle leasing solutions based on the needs of the customers, which include small and medium enterprises of international corporates. Analytics designed to give easy access to operational and fleet management tools. The fleet management and enhancement solutions include telematics, car sharing, and short-term rentals.
Deutsche Leasing
Deutsche Leasing is an independent leasing company in Europe. It offers leasing and financial solutions for vehicles, machinery, IT, and others. The company focuses on small and medium-size business clients. The service offerings include vehicle leasing, fleet management, and commercial vehicle leasing.
LeasePlan
LeasePlan engages in vehicle leasing and fleet and vehicle management. It also offers fleet management solutions, including strategic fleet advice, full-service leasing, funding options, ancillary fleet, and driver services. It serves large and multinational companies, public sector entities, small and medium-sized enterprises, and individual drivers.
Natixis Lease
Natixis Lease offers various solutions, such as operating lease, financial lease, services, loans, credit, and insurance to various industries across Europe. The service offerings include car lease, long-term auto rental, and lease-to-own.
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