Machinery Leasing Market Trends, Growth Analysis, and Competitive Landscape || United Rentals Inc, Tokyo Century, Ashtead Group Plc, Fuyo General Lease Co., Ltd

The machinery leasing market size has grown strongly in recent years. It will grow from $408.15 billion in 2023 to $444.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to strong economic growth, growth in the manufacturing industry, growing demand from the automobile industry and growing demand from the increasing construction activities.

The machinery leasing market size is expected to see strong growth in the next few years. It will grow to $619.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising healthcare expenditure, rising demand from agricultural industry, increasing number of drilling activities. Major trends in the forecast period include strategic partnerships and collaborations to grow in the market, introduction of innovative products to strengthen their position in the market, introducing digitization platforms, artificial intelligence and machine learning in the machinery leasing market for improving the efficiency and productivity of the machinery, and focus on offering evs as the go-to option for environmentally conscious consumers who want to reduce their carbon footprint.

Market Overview -
Machinery leasing is a process of obtaining commercial-type and industrial-type machinery, vehicles, or other equipment for temporary use in exchange for periodic payments paid to the machinery owner as leasing rent. Machinery leasing helps make lower monthly payments than with a loan, benefiting from tax advantages, getting a fixed financing rate instead of a floating rate, conserving working capital and avoiding cash-devouring down payments, and gaining immediate access to the most up-to-date business tools.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=2222&type=smp

Start-Up Boom Fuels Leasing Service Provider Market Growth
The emergence of start-ups as major clients of leasing service providers is expected to drive the growth of the machinery leasing market. Start-ups often face budget constraints and may not have the capital to purchase expensive machinery outright. Leasing allows them to access the machinery they need without a large upfront investment. This cost-efficiency is particularly attractive to start-ups looking to conserve capital for other critical expenses like research and development or marketing. For instance, according to Fortunly, a US-based news magazine, in 2022, there were 33.2 million startups in the US, which is a 700,000 rise compared to 2021.

Competitive Landscape -
Major companies operating in the machinery leasing market report are United Rentals Inc, Tokyo Century, Ashtead Group Plc, Fuyo General Lease Co., Ltd., Berkshire Hathaway Inc., Aercap Holdings N.V., Rent-A-Center Inc, Air Lease Corporation, BOC Aviation, Kanamoto Co., Ltd., Liebherr International AG, Aktio Corporation, Nikken Corporation, Asia Machinery Solutions Vietnam Co. Ltd, Mahindra & Mahindra Limited, Infra Bazaar Private Limited, The Alta Group, Hitachi Construction Machinery Financial Leasing (China) Co., Ltd, Shandong Heavy Industry Group Co., Ltd, Lengshuijianghuiying Building Machinery Leasing Co., Ltd, Sanghvi Movers, Indiabulls, Jindal Infrastructure Pvt. Ltd, Finlease, Caterpillar Inc, Kobelco Construction Machinery Co. Ltd, Deere & Co, Komatsu Ltd, Volvo Group, Doosan Infracore, Liebherr Construction Machinery Rental, Battlefield Equipment Rentals, Ahern Rentals, Leaseplan, Enterprise, Oak Leasing, Sixt, Volkswagen Credit, Deutsche Leasing Vostok JSC.

Innovative Technological Solutions Driving Profitability In The Machinery Leasing Market
Major companies operating in the machinery leasing market are innovating new technological solutions, such as ASPIRE Express to increase their profitability in the market. ASPIRE Express is a low-cost, entry-level servicing system that enables speedy booking and servicing of lease and loan contracts. For instance, in March 2022, LTi Technology Solutions, a US-based provider of lease, loan and asset finance software solutions, launched ASPIRE Express. It is a safe software-as-a-service (SaaS) option that gives companies a simple and cost-effective way to swiftly book and service lease and loan contracts with low entry costs. The platform is intended to make the equipment leasing and financing procedure for businesses simpler and has no cap on the number of contracts that may be executed.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/machinery-leasing-global-market-report

Key Segments -

The machinery leasing market covered in this report is segmented -

1) By Type: Heavy Construction Machinery Rental, Commercial Air, Rail, And Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental And Other Commercial And Industrial Machinery And Equipment Rental
2) By Mode: Online, Offline
3) By Leasing Type: Capital Lease, Operating Lease

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.