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Financial Leasing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Financial Leasing Market Research Report | SIC K64.910 | May 2016

A strong asset: Low interest rates have supported leasing activity and thereby revenue growth

IBISWorld’s Financial Leasing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Barclays plc Barclays plc market share
Lloyds Banking Group Lloyds Banking Group market share
Lombard North Central plc Lombard North Central plc market share
Industry Statistics & Market Size
Revenue
£12bn
Annual Growth 12-17
4.9%
Annual Growth 17-22
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Profit
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Employment
13,489
Businesses
265
Industry Analysis & Industry Trends

The Financial Leasing industry provides businesses, government bodies and households with the ability to lease assets, such as vehicles and various other equipment. Industry revenue is estimated to increase at a compound annual rate of 4.9% over the five years through 2016-17. Despite this impressive growth, revenue expansion was sluggish at the beginning of the period, as relatively weak consumer and business confidence levels restricted demand for financial leasing. Strict lending criteria also made it harder to obtain a financial lease. Nevertheless, historically low interest rates made leases more cost effective, which supported demand... purchase to read more

Industry Report - Industry Key Buyers Chapter

The level of concentration in the Financial Leasing industry is moderate, since the four largest enterprises are estimated to account for 57.7% of the market in 2016-17. Most finance leases are written through banks. Most of Britain's big banks provide asset finance and finance leases through their corporate and commercial banking divisions. IBISWorld estimates that there are 265 companies operating in the industry in 2016-17, earning average revenue of £45.5 million per annum.

The biggest player, Lombard, is one of Britain's oldest leasing businesses and has an estimated market share of 18.8%. It offers a diverse range of finance lease assets, including automobiles, agricultural equipment, plant, machinery and IT equipment.

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Industry ProductsRelated ReportsTable of Contents

What is the Financial Leasing Industry?

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.

Industry Products
Vehicle leasingPlant and equipment leasingOther asset leasing
 
Industry Activities
Vehicle leasingPlant and equipment leasingOther asset leasing


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