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Strategic Analysis of Fleet Vehicle Leasing Market in Norway 

  • 42 pages, published in March 2016
  • By Frost & Sullivan
  • Report Number: 3693814

Summary

Table of Contents

Strategic Analysis of Fleet Vehicle Leasing Market in Norway : Popularity of Fleet Leasing and Green Vehicle Policies are Expected to Drive the Company Car Market

This study discusses in detail the company car market in Norway, especially the fleet leasing business (financial and operating lease) of passenger vehicles (PV) and light commercial vehicles (LCV). The study analyses the Norwegian environment for the growth of the fleet and leasing market, on the basis of historical data and current market conditions (PESTLE Analysis). It also discusses the drivers and restraints that are likely to impact the fleet and leasing industry. Finally, it discusses market segmentation, and compares the suppliers in vehicle leasing in Norway. In addition, the study analyzes the size of the market, segment wise (new registrations and portfolio), and provides forecasts for the next 5 years.

Key Findings

Fleet and Leasing Market: Key Takeaways, Norway, 2014

Driven by the growth of company car accounting for %, new registration of fleet is expected to cross the mark by 2019.

Passenger vehicle new registration—leasing has been gaining market share in the company car market and is forecast to retain a % share throughout the forecast period. Operating lease dominates the company car market.

LCV new registrations—fleet leasing dominates the LCV company car market. % of the total LCV company cars registered in 2014 were leased, and this share is expected to increase to 89% by 2019.

The top 3 fleet leasing companies have a market share of %. The operating lease market in Norway is concentrated with the top participants in the industry accounting for % of the market share in 2014.

For leasing vehicles in Norway, Norwegian Accounting Standard No 14, General Tax Code and Road Code are used as reference for drafting contracts and ensuring adherence.

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