Global Machinery Leasing Market Surges, Projected to Reach $560.72 Billion by 2027

The Business Research Company’s Machinery Leasing Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, December 6, 2023 /EINPresswire.com/ -- The global machinery leasing market is poised for substantial growth, with the market size expected to rise from $372.83 billion in 2022 to $406.76 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 9.1%. This momentum is projected to continue, propelling the market to an estimated $560.72 billion in 2027, sustaining a CAGR of 8.4%.

Driving Force: Rise of Start-Ups as Key Clients

The market is set to be driven by the emergence of start-ups as major clients for leasing service providers. Fueled by cost efficiency and the need to access advanced but high-priced equipment, start-ups are increasingly opting for equipment rental or leasing. The global start-up landscape is witnessing a surge, with India alone recording 16,000 start-ups in 2020, as per the Department for Promotion of Industry and Internal Trade. This surge in start-ups presents new opportunities for the leasing market, contributing to client expansion and revenue generation.

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Key Players Shaping the Market

Major companies in the machinery leasing market, including General Electric Company, United Rentals Inc., Tokyo Century, Berkshire Hathaway Inc., Ashtead Group plc, AerCap Holdings N.V., Fuyo General Lease Co., Ltd., NetJets, Nissan Motor Co Ltd., and Air Lease Corporation, play a pivotal role in steering the market's growth.

3D Printing Equipment Leasing Trends

Companies are increasingly turning to leasing for 3D printing equipment in their manufacturing processes. Industrial-grade 3D printers, known for their capability to produce large products with high precision using various materials, are gaining popularity. Leasing 3D printers proves to be a cost-effective alternative for manufacturers, reducing overall costs compared to outright purchases. For example, Divide by Zero Technologies offers 3D printers on lease for customers in India.

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Regional Landscape

In 2022, Asia-Pacific emerged as the largest region in the machinery leasing market, with North America closely following as the second-largest region in market share. The comprehensive market analysis report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmentation Overview

The global machinery leasing market is segmented based on:

• Type: Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental
• Mode: Online, Offline
• Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types

Machinery Leasing Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Machinery Leasing Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on machinery leasing market size, machinery leasing market drivers and trends, machinery leasing market major players, machinery leasing market competitors' revenues, machinery leasing market positioning, and machinery leasing market growth across geographies. The machinery leasing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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