China Automobile Leasing Market: 2016 Industry Growth with Key Manufacturers Analysis


Posted July 25, 2016 by ErnestWiller

According to Research, growth rate of China automobile leasing market size will be over 20% from 2016 to 2020.

 
Automobile industry is one of the mainstay industries in China, which is vital in national economy. The automobile industry developed rapidly after joining the WTO. The sales volume of automobiles ranked the first from 2009 to 2015 in the world, which drives the automobile leasing industry.

Automobile leasing refers to lease the automobiles (including cargo trucks and passenger vehicles) to lessees without the driving services within the agreed period. Its essence lies in gaining profits by leasing the right to use of automobiles. The leasing objects include automobiles together with all formalities and relevant value that guarantee the lessees driving formally and legally. The lessees shall be responsible for driving on their own during the lease term, which is different from general taxi business.

The competition pattern of automobile leasing industry is characterized by regional high concentration rate and scattered market share in China. For example, there are thousands of leasing enterprises in Shenzhen, but seldom large-scale ones. Presently, the overall market is highly fragmented. In terms of the category segments, short-term automobile leasing companies are the least in number but plenty in vehicles because they need large quantities of funds and network supporting; long-term auto leasing companies are the most in number but local and small in size so 80% of auto leasing companies operate in long-term business; financial automobile leasing companies mainly concentrate in the first and second tier cities in a small quantity.

Complete Report Spread across 30 pages with 14 Charts Now Available. Inquire DISCOUNT at http://www.rnrmarketresearch.com/contacts/discount?rname=642384

Market demand of passenger vehicles can be divided into long-term leasing (over one year) and short-term leasing, which can be further divided into designated-driving and self-driving respectively in China.

The client groups of automobile leasing market are composed of enterprise users, official users and personal users. Most enterprise users rent automobiles for a long term. The leasing companies customize renting approaches based on various client needs and provide professional and efficient service. In recent years, government departments started to rent automobiles as well, which reduced the universal malpractices such as high maintaining costs, abuse and management disorder of existing government automobiles. On Jul. 16, 2014, General Office of the CPC Central Committee and General Office of the State Council issued Guidance on Comprehensively Push Forward the Reform of Official Vehicle-Using System and The Central and State Institutions Official Vehicle-Using System Reform Program respectively, which regulated to cancel the government automobile priority of those below the vice-ministerial positions and cancel general government automobiles to grant official transport subsidy moderately instead. This indicates that the government automobile leasing enterprises have a promising market and will develop rapidly.

According to market research by CRI, the total leasing automobiles available in leasing enterprises reached 410 thousand with a market size of about CNY 45.5 billion up to the end of 2015. The CAGR was about 20% from 2011 to 2015. The concentration rate of Top 5 enterprises in automobile leasing industry was less than 20% in China in 2015, which indicated that the market was still at the stage of free competition with many opportunities for new enterprises.

According to CRI, due to the upgrade of resident consumption power and habits, short-term self-driving leisure travelling has a positive prospect.

Restricted by license plate issuing and maintaining costs in many cities, the quantity of people with driving licenses without self-owned automobiles was up to 150 million at the end of 2015. Meanwhile, the number is still increasing, which will further stimulate the potential demand for automobile leasing market in China. According to CRI, growth rate of China automobile leasing market size will be over 20% from 2016 to 2020.

The report focuses on the following aspects:

Definition and Classification of Automobile Leasing
Research Methods, Parameters and Assumptions of the Report
Competition of Automobile Leasing Industry in China
Top 5 Enterprises of Automobile Leasing Market in China
Development Opportunities and Driving Forces Faced by Automobile Leasing Industry in China
Risks and Challenges in Development of Automobile Leasing Industry in China
Analysis on Costs of Automobile Leasing Industry in China
Forecast on Development of Automobile Leasing Industry in China
Order a Copy of This Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=642384

Major Points from Table of Contents

1 Basic Concept of Automobile Leasing

2 Development Environment of Automobile Leasing Industry in China, 2011-2016

3 Analysis of Supply in China Automobile Leasing Industry, 2011-2015

4 Analysis on Demand in Automobile Leasing Market in China, 2011-2015

5 Analysis on Top 5 Enterprises in China Automobile Leasing Industry, 2013-2015

6 Prospect of Automobile Leasing Industry in China, 2016-2020

About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Contact Us:
We provide 24/7 online and offline support to our customers. Contact us for your special interest needs and we will get in touch within 24hrs to help you find the market research report you need.
[email protected]
+ 1 888 391 5441
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By [email protected]
Country India
Categories Automotive , Transportation
Tags automobile , automobile leasing , automobile leasing industry , automobile leasing market , automotive , car leasing , vehicle leasing
Last Updated July 25, 2016