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2016 Outlook of Fleet Vehicle Leasing Market in Europe

  • February 2016
  • -
  • Frost & Sullivan
  • -
  • 57 pages

2016 Outlook of Fleet Vehicle Leasing Market in Europe : 50% of Fleet Growth to Come from Operating Lease in 2016

The outlook study provides an overview of the fleet vehicle leasing market (passenger cars and light commercial vehicles) across Europe. In addition to commentary on key highlights in 2015, the study provides forecast measurements for 2016 for the size of the fleet market and funding choices in the company car market (operational lease, financial lease, and outright purchase). It also highlights the key trends shaping the industry grouping them into four categories—growth channels, competitor development, fleet operator efficiency, and mobility for all, with 2016 predictions provided for each category.

2015 Key Highlights

The fleet vehicle leasing market strengthened in 2015 with all parts of Europe playing a part in the growth, with businesses continuing to replace ageing fleets and business confidence improving.

Robust Growth in PV and LCV registrations across Europe Total new vehicle sales were strong in 2015 with a combined % growth in PV and LCV registrations. Across the Eurozone, markets have grown for consecutive months albeit in absolute terms, the volumes remain low given levels registered till end of 2015 only just surpassed that recorded in 2010 immediately after the economic crisis.

Fleet Making Further Gains in Market Share The fleet sector continued to increase its influence on new PV and LCV sales across Europe in 2015; Frost & Sullivan research across European markets (including Russia and Turkey) indicates fleet having a % share.

Consolidation at the Top The acquisition of GE Capital’s European business by Arval in 2015 has put further distance between the four largest leasing providers and the rest. While size is not a guarantee for business success, having scale in operations does help with meeting needs of global clients while at same time providing economies in terms of buying power with manufacturers and service provider partners.

Continued adoption of Procurement-led Fleet Buying Strategy Large fleet operators especially have continued through 2015 to adopt a Procurement Category approach to fleet buying decisions and take more control of the vehicle sourcing strategy. In turn, providers have had to deliver greater transparency in their cost calculation and pricing and, where multi-bidding is deployed, transparency in the pricing is a requirement to win business on every vehicle.

Growing Importance of Usage over Ownership Usage continues to increase at a high pace across Europe and in 2015 strong growth was recorded in primarily mature European markets for small business and private lease sales. While much of the private market comprises new customers, company car drivers eligible for a perk vehicle but taking cash instead of car are being attracted to a personal contract to eliminate concerns over Benefit In Kind taxation, and have greater value for money and vehicle choice.

Table Of Contents

2016 Outlook of Fleet Vehicle Leasing Market in Europe
1 EXECUTIVE SUMMARY

Executive Summary
1 2015 Key Highlights
2 2015-2016 Fleet Vehicle Leasing Senior Management Top-of-Mind Issues
3 2016 Top Predictions
4 Project and Research Scope

2 EUROPEAN FLEET VEHICLE LEASING MARKET METRICS

European Fleet Vehicle Leasing Market Metrics
1 Sector Definitions
2 Market Structure
3 PESTLE Analysis
4 Market Drivers and Restraints
5 Market Metrics—Vehicles In Operation (VIO)
6 Market Metrics—New Registrations
7 Market Metrics—Leasing VIO
8 Market Metrics—True Fleet VIO, Regional Analysis
9 Market Metrics—True Fleet Operating Lease VIO, Regional
10 Fleet Vehicle Leasing Market Measurements—2016 Predictions

3 KEY MARKET TRENDS—GROWTH CHANNELS

Key Market Trends—Growth Channels
1 Growth Channels—Vehicle Funding Preferences
2 Growth Channels—SME Market
3 Growth Channels—SME Market
4 Growth Channels—Private Lease
5 Growth Channels—Private Lease
6 Growth Channels—Used Car Remarketing
7 Growth Channels—2016 Predictions

4 KEY MARKET TRENDS—COMPETITOR DEVELOPMENT

Key Market Trends—Competitor Development
1 Competitor Development—Merger and Acquisition Activity
2 Competitor Development—Merger and Acquisition Activity
3 Competitor Development—Portfolio Market Share
4 Competitor Development—Captive Strength
5 Competitor Development—2016 Predictions

5 KEY MARKET TRENDS—FLEET OPERATOR EFFICIENCY

Key Market Trends—Fleet Operator Efficiency
1 Fleet Operator Efficiency—Sustainability
2 Fleet Operator Efficiency—Sustainability
3 Fleet Operator Efficiency—Fleet Technology
4 Fleet Operator Efficiency—Fleet Technology
5 Fleet Operator Efficiency—Fleet Consultancy
6 Fleet Operator Efficiency—Fleet Consultancy
7 Fleet Operator Efficiency—2016 Predictions

6 KEY MARKET TRENDS—MOBILITY FOR ALL

Key Market Trends—Mobility For All
1 Mobility For All—Corporate Mobility
2 Mobility For All—Corporate Mobility
3 Mobility For All—Corporate Mobility
4 Mobillity For All—All Employee Offerings
5 Mobility For All—2016 Predictions

7 CONCLUSIONS AND RECOMMENDATIONS

Conclusions and Recommendations
1 Key Conclusions and 2016 Outlook
2 2015-2016 Fleet and Leasing Research Titles

8 THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
1 The Frost and Sullivan Story
2 Value Proposition: Future of Your Company and Career
3 Global Perspective
4 Industry Convergence
5 360º Research Perspective
6 Implementation Excellence
7 Our Blue Ocean Strategy

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