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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