Financial Leasing Market 2023-2030 Growth Set to Surge Significantly | Major Players are Bank of America Corporation, BNP Paribas Leasing Solutions
Financial Leasing Market Overview: Financial leasing is a type of lease agreement in which the lessee has the option to purchase the asset at the end of the lease term. It is commonly used for financing high-value assets such as machinery, equipment, vehicles, and real estate. The lessor retains the ownership of the asset throughout the lease term, while the lessee enjoys the benefits of using the asset. Financial Leasing Market Size is USD 209.69 Million in 2022. It is projected to reach USD 316.71 Million by 2030, indicating a CAGR of 5.4% during the forecast period. Market Drivers: Increasing Demand for Capital-Intensive Assets The rising demand for capital-intensive assets, such as machinery and equipment, in various sectors has fuelled the growth of the financial leasing market. Businesses prefer leasing over outright purchases due to the lower upfront costs and flexibility offered by financial leasing arrangements. Technological Advancements Advancements in t...