Global job needs and car leasing market to grow at a CAGR of more than 22% by 2020
Procurement market intelligence analysts have announced the latest market research report on global jobs needs and car leasing services market in their latest research report. This report lists the top five prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
This category spend intelligence report is based on the synthesis, analysis, and interpretation of information about the global job needs and car leasing services market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive market landscape
The job needs and car lease market is undergoing changes with respect to its technological landscape. Suppliers are adopting technology to enhance the efficiency, security, and sustainability of their operations. The global market is driven by the growing need to increase corporate activity and the relaxation of legislations across markets.
According to Angad Singh, a lead analyst at Technavio for research on category spend intelligence, “The adoption of technologies for insights and control is on a rise currently. Fleet sourcing and procurement professionals making huge investments in management systems in an attempt to improve operational efficacy. This is made possible by registering and reporting spend, avoiding unwanted expenditure, and supporting supplier relationships. Fleet management systems make it possible to control and minimize costs, utilize resources optimally, formulate effective policies, and reduce emissions.”
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Top five vendors in the job needs and car leasing services market space
ALD Automotive
ALD Automotive is a wholly-owned subsidiary of the Societe Generale Group. The company manages over one million fleets, and accounts for around 15% of the total market share in Europe. Its service portfolio ranges from vehicle financing to maintenance and all other assistance required by car fleets.
Key services: Full service leasing, Fleet management, Outsourcing solution, and Sale and leaseback.
LeasePlan
LeasePlan is owned by the Volkswagen Group, and is headed by Volkswagen AG (50%) and Fleet Investments (50%). The company manages a wide range of business activities in the automotive value chain. It also provides clients with all the assistance required to operate a fleet of vehicles, either independently or with partners, from purchasing vehicles to remarketing them at the end of contracts.
Key services: Vehicle leasing, Servicing and maintenance, Insurance management, Repair management, Fuel management.
Arval
Arval (BNP Paribas Group) is a major car leasing and fleet management company. The organization specializes in full service vehicle leasing, offering companies tailored solutions that optimize employee mobility, and outsourcing risks associated with fleet management.
Key services: Business vehicle management, Long-term rentals, Mid-term rentals.
GE Capital Fleet Management
GE Capital manages more than 40,000 fleets for various industries across the globe. It offers customized company car fleet management and financing solutions for procuring and managing fleets. The fleet management wing of the company focuses on helping organizations improve their environmental performance.
Key services: Corporate lending, Equipment finance, and Fleet services.
Volkswagen Group Leasing
Volkswagen Group Leasing is wholly owned by Vokswagen Financial Services. It provides fleet services across the globe and operates more than 100,000 fleets. It provides a wide range of vehicles, including VW group vehicles, Volkswagen commercial vehicles, Audi, Škoda, and SEAT.
Key services: Daily rental, Mini-lease, Fleet management, Accident management, Duty of care, and Safety packs.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Job Needs and Car Leasing – Procurement Market Intelligence 2016’.
