Luxury car leasing is an attractive way of financing the desired models of car at affordable price basis. The leasing of luxury cars has now become a popular alternative to buying as the desired cars can be made available on a low initial deposit. Car rental is the use of cars at an assessed amount of money for a fixed period of time. Luxury car rentals helps in providing mobility solutions for both, leisure and business travellers.
Middle East & Africa luxury car leasing market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.
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Some of the major players operating in this market are Sixt, The Hertz Corporation, Avis Budget Group, Enterprise Holdings Inc., Europcar Mobility Group, ALD S.A., Localiza, LeasePlan, German Rent A Car, ANI Technologies Pvt. Ltd. (Ola), Movida Car Rental, Car Inc, Fox Rent A Car, Uber Technologies, Inc., Unidas, among others.
Segmentation: Middle East and Africa Luxury Car Leasing Market
Middle East & Africa luxury car leasing market is segmented into two notable segments which are product type and application:
- On the basis of product type, the market is segmented into short-term rental, long-term rental, and finance leasing
- On the basis of application, the market is segmented into airport and off-airport
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Recent Developments
- In July 2019, Europcar Mobility Group expanded its global footprints in 10 more countries and territories. Due to this, the company has a total of 115 stations with 17,500 vehicles in its fleet, owned by franchisees.
Research Methodology: Middle East and Africa Luxury Car Leasing Market
Primary Respondents: key industry participants, subject-matter experts (SMEs), C-level executives of key market players, Market Intelligence Managers, National Sales Managers and industry consultants.
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