Published on 16 Nov 2022 on Insider Monkey via Yahoo Finance

12 Biggest Leasing Companies in the World

In this piece, we will take a look at the twelve biggest leasing companies in the world. For more companies, head on over to 5 Biggest Leasing Companies in the World. 

Leasing plays an integral part in the finance industry, just like lending does. The industry lets individuals and corporations avail facilities and services, and gain access to products that their limited capital might not allow them to do so. For instance, someone with a regular source of income but little funds could lease an apartment in an expensive area, or a company, such as an airline, could lease an aircraft and then use it for profit without having to lay out the large capital expenditure that comes with such equipment.

A little known fact about the leasing industry is that it is also one of the largest in the world, with a market value that rivals that of the crude oil industry. For example, a research report from The Business Research Company estimates that the industry was worth $1.35 trillion in 2021 and from then to the end of this year, it will grow at a compounded annual growth rate (CAGR) of 12.9%. The research firm also estimates that the industry will grow at a CAGR of 12% from 2022 to 2026 and be worth a whopping $2.4 trillion by the end of the forecast period. The same research firm also estimates that the crude oil market will be worth $1.47 trillion in 2026.