TechNavio recognizes the following companies as the key players in the Car Leasing Market in Central and Eastern Europe: AK Sberegatel’nyi bank Rossiyskoy Federatsii OAO, OJSC Alfa-Bank, VTB Bank OJSC, and ZAO UniCredit Bank.
Commenting on the report, an analyst from TechNavio’s team said: “Banks and independent lease companies are currently dominating the market. This is due to their huge customer base and ability to offer financing programmes at relatively lower costs. In addition, banks and independent lease companies have well-established infrastructures and competitive intelligence in the market. There is an immense opportunity for CFCs to make a foray into the market and make their presence known; however, this will involve a huge entry cost.”
According to the report, with the gradual aging of cars, there is an increased demand for new and small cars in the market. In addition, there is a significant demand for used cars, which are imported from Western Europe and are leased by banks and independent lease companies. This demand has stimulated the Car Leasing market in Central and Eastern Europe, thereby increasing the demand for car leasing.
Further, the report states that tougher regulations appear to be making it harder to export into or set up production facilities. Environmental restrictions are set to increase more than any other type of restriction. In an effort to reduce pollution levels and to follow environmental guidelines, governments in many countries are encouraging the use of EVs and governmental intervention is expected to rise in the future. Significant changes in market conditions and the anticipated rise in import/export duties may have a negative impact on the demand for car leasing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/car-leasing-market-central-and-eastern-e…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Car Leasing Market in Central and Eastern Europe 2014-2018
