Leasing companies are consolidating to gain market share and expand their offerings. The global vehicle leasing market is expected to reach $202.5 billion in 2023, with operational leasing contributing 60% of total revenue. The corporate leasing segment is set to revive, and the private leasing segment is expected to bounce back, despite competition from new mobility solutions.
Read MoreThe 2023 Shanghai Auto Show was an unequivocal demonstration of the technological capabilities of Chinese automakers. Driven by forward-looking regulation and breakthrough technologies, China has been at the forefront of four key megatrends transforming the mobility space. Rapid growth for China’s ICV market is spurred by policy support, subsidies, new business models, and advances in enabling technologies like artificial intelligence and autonomous driving.
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