The Business Research Company’s Leasing Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The leasing and rental market consists of the revenues of entities (organizations, sole traders and partnerships) that provide the use of a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The leasing industry includes establishments that rent consumer goods and equipment and establishments that lease machinery and equipment often used for business operations.
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Artificial intelligence in customer support, automated billing systems and technology to improve staffing services are the major trends witnessed in the global leasing market.
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The global leasing market is further segmented based on type and geography.
By Type – The leasing market is segmented into automotive equipment rental and leasing, consumer goods and general rental centres, lessors of nonfinancial intangible assets, and machinery rental, among these segments, the lessors of nonfinancial intangible assets market accounts for the largest share in the global leasing market.
By Geography – The global leasing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America leasing market accounts the largest share in the global Leasing market.
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Competition among services firms and a lack of suitably trained employees contribute to a shortage of labor in the services industry, which is a labor intensive industry. The lack of the right skills and right work experience among candidates, a new phenomenon around the world, affect services companies expansion plans. In spite of the lack of skilled employees, the overall world economic growth causes the rise in average wages, making it difficult for services companies to keep the same profit margins with the same quality of work.
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This post was originally published on The Market Plan