The industry provides businesses, government bodies and households with the ability to lease assets, such as vehicles and various equipment, instead of buying them outright. Industry revenue is estimated to increase at a compound annual rate of 3.7% over the five years through 2015-16. Industry revenue declined during the start of the period as weak consumer and business confidence levels hindered demand for financial leasing. Strict lending criteria also reduced the number of financial leases being approved and contributed to the fall in revenue. Nevertheless, revenue began to increase in the following years, as historically low interest rates made finance leases more cost effective.
This industry covers leasing activities where the term of the lease approximately covers the expected life of an asset, so the lessee acquires all the substantial benefits of its use while assuming all the risks associated with its ownership. Ownership of the asset may or may not eventually be transferred.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.