How Big is the Vehicle Leasing Market | Insights, Forecast & Analysis 2025

Code: MTA9744 Publication Date: Oct 2025

What is the size of the Vehicle Leasing Market?

According to 6Wresearch internal database and industry insights, the Vehicle Leasing Market was estimated at USD 97 billion in 2024 and is projected to reach USD 150 billion by 2031, expanding at a CAGR of 6.5% during the forecast period 2025-2031.

Due to rising preference for flexible vehicle ownership, an increase in corporate fleets, and the growth of mobility services and advancements in connected vehicle technologies and digital platforms for fleet management are all the main factors driven by the market.

Key Growth Drivers of the Vehicle Leasing Market

  • Rising demand for fleet leasing by corporations and small businesses
  • Increase in the adoption of electric vehicles in leasing portfolios
  • Shift towards shared mobility and car subscription services
  • Increased preference for leasing over buying among consumers
  • Flexible and lower upfront payment options offered by leasing
  • Enhanced customer experience in vehicle leasing models

Vehicle Leasing Market Trends

The Vehicle Leasing Market is set to grow with increasing demand for flexible leasing options such as long-term and subscription-based models. As more and more electric vehicles (EVs) hit the road, car leasing companies are adding more EVs to their fleets. There is also increased interest from corporate fleets and ride-sharing companies that want solutions that are both cost-effective and efficient.

There is also a trend toward offering bundled services, like maintenance, insurance, and roadside assistance, to make leasing a car more appealing. Digital platforms and online vehicle leasing services are also becoming more popular. They make the leasing process easier and more open for customers.

Emerging Developments in the Vehicle Leasing Market

The market is seeing significant developments with the rise of car subscription models, which offer customers more flexibility than traditional leasing options. Telematics and connected vehicle technologies are getting better, which helps leasing companies keep track of how their vehicles are being used and plan maintenance more efficiently. Leasing companies are adding electric vehicles (EVs) to their fleets as more people want them.

They are also offering incentives and deals to get customers who want greener options. Data analytics are making fleet management better by making better use of leased vehicles and providing better service to customers.

List of Leading Companies in the Vehicle Leasing Market

Some of the leading companies include:

  • Enterprise Holdings
  • ALD Automotive
  • LeasePlan Corporation
  • Daimler Mobility AG
  • Hertz Global Holdings
  • Arval
  • U-Save Car & Truck Rental

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