Market overview
The global vehicle leasing market is worth USD 401 bn in 2026 and is forecast to reach USD 685 bn by 2036, growing at a 5.5% CAGR. United States is the largest country market and Consumers is the largest by lessee segment.
| Scope | Lease contracts for cars and light commercial vehicles for consumers and businesses: closed-end and open-end leases, personal contract hire and subscription leasing. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 380 bn |
| Value 2026 | USD 401 bn |
| Value 2036 | USD 685 bn |
| CAGR 2026-2036 | 5.5% |
| Volume 2026 | 62,365 thousand vehicles |
| Volume 2036 | 91,791 thousand vehicles |
| Average price 2026 | USD 6,428 per vehicle |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Vehicle Leasing market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 401 bn |
| 2027 | USD 423 bn |
| 2028 | USD 446 bn |
| 2029 | USD 471 bn |
| 2030 | USD 497 bn |
| 2031 | USD 524 bn |
| 2032 | USD 553 bn |
| 2033 | USD 583 bn |
| 2034 | USD 615 bn |
| 2035 | USD 649 bn |
| 2036 | USD 685 bn |
Vehicle Leasing market segmentation
By lessee
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Corporate and fleet | 35.0% | 35.3% | USD 140 bn | 5.6% |
| Consumers | 52.0% | 51.0% | USD 208 bn | 5.3% |
| Government and other | 13.0% | 13.7% | USD 52.1 bn | 6.1% |
By lease type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Operating lease | 55.0% | 52.3% | USD 220 bn | 5.0% |
| Finance lease | 33.0% | 28.0% | USD 132 bn | 3.8% |
| Subscription | 12.0% | 19.8% | USD 48.1 bn | 10.9% |
By powertrain
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Petrol and diesel | 68.0% | 38.0% | USD 273 bn | -0.5% |
| Hybrid | 14.0% | 22.0% | USD 56.1 bn | 10.4% |
| Battery electric | 18.0% | 40.0% | USD 72.2 bn | 14.3% |
By lessor type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Captive finance arms | 38.0% | 36.0% | USD 152 bn | 4.9% |
| Banks and independent lessors | 40.0% | 38.0% | USD 160 bn | 5.0% |
| Digital leasing platforms | 22.0% | 26.0% | USD 88.2 bn | 7.3% |
By lease term
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Under 24 months | 20.0% | 22.0% | USD 80.2 bn | 6.5% |
| 24 to 36 months | 42.0% | 41.0% | USD 168 bn | 5.2% |
| 37 to 48 months | 28.0% | 27.0% | USD 112 bn | 5.1% |
| Above 48 months | 10.0% | 10.0% | USD 40.1 bn | 5.5% |
Top 25 countries for vehicle leasing by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 85.0% of 2026 revenue and the 25 countries below together hold 96.1%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 132 bn | 33.0% | USD 211 bn | 4.8% |
| 2 | China | USD 60.1 bn | 15.0% | USD 142 bn | 8.9% |
| 3 | Germany | USD 32.1 bn | 8.0% | USD 50.0 bn | 4.5% |
| 4 | United Kingdom | USD 32.1 bn | 8.0% | USD 50.0 bn | 4.5% |
| 5 | France | USD 24.1 bn | 6.0% | USD 37.0 bn | 4.4% |
| 6 | Japan | USD 16.0 bn | 4.0% | USD 22.6 bn | 3.5% |
| 7 | Italy | USD 12.0 bn | 3.0% | USD 19.9 bn | 5.1% |
| 8 | Canada | USD 12.0 bn | 3.0% | USD 19.2 bn | 4.8% |
| 9 | Netherlands | USD 10.0 bn | 2.5% | USD 15.1 bn | 4.2% |
| 10 | Spain | USD 10.0 bn | 2.5% | USD 17.1 bn | 5.5% |
| 11 | Australia | USD 9.2 bn | 2.3% | USD 15.8 bn | 5.5% |
| 12 | Sweden | USD 7.4 bn | 1.8% | USD 12.7 bn | 5.6% |
| 13 | Belgium | USD 5.9 bn | 1.5% | USD 10.1 bn | 5.6% |
| 14 | Poland | USD 4.7 bn | 1.2% | USD 8.1 bn | 5.5% |
| 15 | Austria | USD 3.8 bn | 0.9% | USD 6.4 bn | 5.5% |
| 16 | Switzerland | USD 3.0 bn | 0.8% | USD 5.2 bn | 5.6% |
| 17 | Brazil | USD 2.4 bn | 0.6% | USD 4.1 bn | 5.5% |
| 18 | India | USD 1.9 bn | 0.5% | USD 4.1 bn | 7.9% |
| 19 | South Korea | USD 1.6 bn | 0.4% | USD 2.7 bn | 5.5% |
| 20 | Mexico | USD 1.2 bn | 0.3% | USD 2.1 bn | 5.5% |
| 21 | Denmark | USD 1.0 bn | 0.2% | USD 1.7 bn | 5.5% |
| 22 | Norway | USD 802 mn | 0.2% | USD 1.4 bn | 5.5% |
| 23 | Ireland | USD 641 mn | 0.2% | USD 1.1 bn | 5.5% |
| 24 | Portugal | USD 521 mn | 0.1% | USD 890 mn | 5.5% |
| 25 | Turkey | USD 401 mn | 0.1% | USD 685 mn | 5.5% |
| Rest of world | USD 15.6 bn | 3.9% | USD 24.2 bn | 4.5% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Ayvens
- Arval
- Enterprise Holdings
- Toyota Financial Services
- Volkswagen Financial Services
- Mercedes-Benz Mobility
- Element Fleet Management
- Athlon
Group 2: Regional and specialist players
- Ally Financial
- Hyundai Capital
- Santander Consumer
- BMW Financial Services
- Leasys
- Wheels
- Ford Credit
- GM Financial
- ORIX Auto Leasing
- Lex Autolease
Group 3: Emerging and niche players
- Sixt Leasing
- Zenith
- Onto
- FINN
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the vehicle leasing market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.
The market is divided by lessee, by lease type, by powertrain, by lessor type, by lease term. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the vehicle leasing market?
The global vehicle leasing market is estimated at USD 380 bn in 2025 and USD 401 bn in 2026.
How fast will the vehicle leasing market grow?
It is forecast to reach USD 685 bn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 284 bn.
Which country is the largest market for vehicle leasing?
United States is the largest market by revenue at USD 132 bn in 2026, 33.0% of the global total. The three largest countries together hold 56.0%.
Which country is growing fastest?
Among the ten largest markets, China is growing fastest at 8.9% a year from 2026 to 2036.
Which vehicle leasing segment is largest?
In the by lessee split, Consumers is the largest segment with 52.0% of 2026 revenue.
Who are the leading vehicle leasing companies?
Global leaders include Ayvens, Arval, Enterprise Holdings, Toyota Financial Services.
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