Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Enterprise Asset Leasing Market size was valued at USD 1.3 trillion in 2024 and is anticipated to reach USD 6.7 trillion by the end of 2037, expanding at a CAGR of 13.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of enterprise asset leasing is assessed at USD 1.4 trillion.
The enterprise asset leasing market is expanding driven by the growing use of flexible financing solutions in manufacturing, transportation, and technology industries. Companies are shifting towards leasing instead of owning assets as a way of efficient capital structure, risk management, and flexibility. In October 2024, Odessa received significant funding from Thomas H. Lee Partners to advance the enterprise asset leasing software solutions to promote the digitalization of lease management. Moreover, governments across the globe are providing tax benefits and policy backing for leasing-based asset consumption, particularly for sustainable and energy-efficient assets.
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IFC MSME Finance Outlook in 2023 |
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Category |
Number of Loans (million) |
Total Financing Amount (billion USD) |
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Total Loans to Microenterprises |
59 |
68.2 |
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Loans to Women-Owned Microenterprises |
32 |
22.9 |
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Total Loans to SMEs |
5.4 |
285 |
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Loans to Women-Owned SMEs |
1.3 |
36 |
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SME Finance Gap (Formal Enterprises) |
- |
5.7 |
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SME Finance Gap (Including Informal Enterprises) |
- |
8 |
Source: IFC
The enterprise asset leasing companies are a significant source of funding for MSMEs as it provides the latter with an opportunity to obtain funding that they cannot get through credit. MSMEs account for about 50% of the global GDP and 70% of the global employment, hence, their access to financing is crucial for the growth of the economy. However, the current finance gap of USD 5.7 trillion increases to USD 8 trillion when including the informal firms to show that these firms struggle to access capital.
Asset leasing is another substitute that enables MSMEs to access equipment, technology, and infrastructure required for business without a large capital investment. The numbers from the IFC’s 2023 financial client outcomes support this need, with 5.4 million loans issued to SMEs totaling USD 285 billion and a significant emphasis on female entrepreneurs who received SME financing of USD 36 billion. This shows that there is a shift towards non-conventional sources of funding like leasing, which enables the MSMEs to acquire assets necessary to expand their businesses and increase efficiency and output, thereby contributing to economic growth.
Enterprise Asset Leasing Sector: Growth Drivers and Challenges
Growth Drivers
- Expanding digital leasing solutions and automation: As more organizations shift to cloud-based leasing platforms, companies can easily handle contracts, payments, and assets. Automating the leasing process means that there will be less human interference in the process, and this will enhance efficiency. In October 2024, Trimble released Unity Suite, which is a single tool for project management for asset leasing companies to organize and track the leases and their lifecycle. These solutions offer more transparency as to the leasing regulation compliance. The use of AI-powered automation in asset leasing has led to increased efficiency, reduced costs, and better decision-making in the companies.
- Surging demand for sustainable and EV fleet leasing: With more and more companies adopting sustainability objectives and moving toward carbon neutrality, leasing electric vehicles, and energy-efficient equipment is the new trend. This can be attributed to initiatives and policies put in place by the government to promote the use of green energy. In August 2024, the European EV leasing market experienced a problem with pricing due to low resale prices, forcing the firms to rethink their strategies in the EV leasing business. To adapt to the changing market for EVs, there has been a shift in leasing strategies among companies. The increase in the number of EV charging stations also contributes to the demand for sustainable fleet leasing.
- Growing adoption of AI and predictive analytics in asset leasing: Organizations are investing in AI-based analytics for forecasting the rate of depreciation of assets, negotiating lease agreements, and improving the accuracy of their financial models. Technological tools are vital in helping businesses in real-time analysis since they help minimize risks and enhance lease management. Zapata AI Inc., in August 2024, announced a 15% revenue rise, which was attributed to the increasing use of AI-based asset management solutions. Companies implementing the use of predictive leasing software can predict market trends and hence be in a position to structure their leases properly. This makes the use of machine learning models effective in decision making for organizations, thus improving cost efficiency.
Challenges
- Regulatory and compliance challenges: New leasing standards and changes in financial reporting requirements represent threats to enterprise lease management. New taxes, rules, and regulations are being enacted in every country making it compulsory for companies to change their strategies to meet these requirements to avert penalties. In February 2024, the Vietnam Law on Credit Institutions was revised with enhancements in the measures of financial leasing to enhance compliance of enterprises. Changes in laws and regulations across the regions require the companies to frequently review lease contracts and increase administrative costs. Lack of compliance with leasing laws and tax structures may lead to financial risks, which means that it is crucial to use automation to manage the compliance process.
- Uncertain economic conditions and interest rate fluctuations: Fluctuations in interest rates, inflation, and economic instability alter the leasing costs and the demand for leases and thus pose a high risk for long-term leases to business entities. Fixed-rate lease contracts are difficult for enterprises to obtain since economic conditions change over time and impact financial calculations. The increase in interest rates decreases the affordability of leasing and makes companies reconsider their capital expenditure. This puts pressure on the operational expenses and complicates the lease renewal process. Volatility in the market also influences the value of assets, which causes problems in establishing the appropriate lease terms and investment plans. It is important that leasing strategies adopted by various businesses are adaptive to the changing market situations while at the same time being financially sustainable.
Enterprise Asset Leasing Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.6% |
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Base Year Market Size (2024) |
USD 22.7 billion |
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Forecast Year Market Size (2037) |
USD 38.9 billion |
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Regional Scope |
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Enterprise Asset Leasing Segmentation
Industry Vertical (Manufacturing, Construction, Government and Public Sector, Transportation and Logistics, Others)
Transportation and logistics segment is anticipated to capture enterprise asset leasing market share of over 42% by 2037. This growth is mainly attributed to the increase in electronic commerce, supply chain management, and the demand for leasing fleets. Fleet management has been on the rise, with organizations outsourcing this function to cut capital outlay and enhance efficiency. In August 2024, Societe Generale collaborated with Volta Trucks, which enriched its Truck-as-a-Service lease program, as the demand for fleet leasing continues to grow in logistics. Real-time tracking of fleets, sustainability initiatives, and affordable mobility solutions also fuel the demand for logistics leasing to foster long-term market growth.
Leasing Type (Operating Lease, Financial Lease)
In enterprise asset leasing market, operating lease segment is set to capture revenue share of over 63% by 2037, owing to the interest of organizations in off-balance-sheet leasing to improve their business agility. Hence, operating leases are preferred by businesses as they offer tax advantages, enable the upgrade of assets, and minimize the risk of residual value. For example, in November 2024, Q2 Holdings Inc.’s revenues were up by 10% YoY, primarily due to the increased adoption of digital leasing solutions by financial organizations. Businesses are using AI lease management systems to track lease terms, renewal times, and the ability to use the assets effectively. While businesses look for low-cost solutions in leasing, operating leases is likely to be the dominant segment in the enterprise asset leasing market.
Our in-depth analysis of the global enterprise asset leasing market includes the following segments:
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Asset Type |
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Leasing Type |
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Industry Vertical |
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Organization Size |
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Customize this ReportEnterprise Asset Leasing Industry - Regional Scope
North America Market Analysis
North America enterprise asset leasing market is likely to dominate revenue share of over 35% by 2037. The market is expanding due to a healthy financial environment in the region and rising tendencies towards the use of digital leasing platforms. Several industries, including automotive, health, manufacturing, and construction, have embraced leasing solutions to manage capital expenses and operational fluidity. Fleet leasing, equipment financing, and commercial real estate leasing remain popular as businesses look for affordable asset management solutions. Additionally, the government is encouraging sustainable leasing programs to grow the market, especially in green infrastructure.
The U.S. remains the largest enterprise asset leasing market due to technological changes, growth in Fintech solutions, and increased corporate leasing activities. In April 2023, Enterprise Holdings signed a deal with St. Louis CITY SC to create the Enterprise Community Corner at CITY PARK stadium and the company’s CSR in leasing programs for the community. In October 2024, Kapitus entered the equipment financing sector by purchasing Ten Oaks Commercial Capital. Due to the focus on liquidity management and optimization of assets, the U.S. leasing market will likely see growth in digital leasing and fintech-based lease management platforms.
Canada enterprise asset leasing market is rising due to increased demand by SMEs for non-traditional sources of financing. Business segments such as commercial real estate, equipment leasing and fleet management are some of the industry segments that are still enjoying high demand for flexible leasing solutions. Focusing on sustainable development, companies are now leasing efficient equipment, EVs, and green infrastructure assets. Another factor that has been pushing organizations to consider leasing as a viable option is the availability of government incentives and tax breaks for leased assets. Finally, the emergence of online leasing platforms and the introduction of other lease management technologies have made leasing more convenient for SMEs and large businesses.
Asia Pacific Market Analysis
Asia Pacific enterprise asset leasing market is estimated to register growth of more than 9.5% from 2025 to 2037, owing to increased industrialization, urbanization, and corporate investments. Countries such as China, India, Japan, and Australia are the most prominent adopters of leasing solutions in the commercial real estate, construction, and logistics sectors. In May 2023, Brookfield Asset Management signed a deal and bought a 51% controlling stake in four commercial properties from Bharti Enterprises in India as it seeks to expand its commercial leasing market in the country. The region is also witnessing considerable investments in digital leasing platforms, fintech lease financing, and green leasing for sustainability.
The market for enterprise asset leasing in India is also experiencing high growth as a result of development in infrastructure, logistics, and commercial buildings. The demand for leasing electric vehicles, equipment, and office spaces is on the rise due to corporate environmental policies and attractive incentives. Technological companies and NBFCs are increasing the provision of leasing services to SMEs, which enables the acquisition of capital-light asset solutions. The increasing popularity of co-working spaces, smart office solutions, and urban infrastructure projects is also driving the leasing adoption in the corporate and commercial segments.
China continues to be a key market for leasing in Asia Pacific due to industrialization, the development of infrastructures, and the growing demand for commercial leasing. As financial institutions in each of the states continue to endorse asset leasing in transportation, healthcare, and manufacturing industries, the market has experienced a consistent increase in equipment leasing and vehicle fleet management services. Moreover, technological advancement in the leasing business makes the leasing contract, payment, and lease assets easily managed through online platforms. With China transformation to a green economy, more leasing activities in electric vehicles, renewable energy equipment, and high-tech manufacturing equipment will emerge and boost the leasing industry in the country’s economy.
Companies Dominating the Enterprise Asset Leasing Landscape
- Bohai Leasing Co. Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BNP Paribas Leasing Solutions
- General Electric Company
- ICBC Financial Leasing Co. Ltd
- White Oak Financial LLC
- Wells Fargo Bank N.A.
- Enterprise Asset Leasing
- Origa Leasing
- Air Lease Corporation
The major players in the enterprise asset leasing market include global financial institutions, leasing specialists, and innovative leasing platforms. Some of the key players in this market are Bohai Leasing Co. Ltd., BNP Paribas Leasing Solutions, General Electric Company, ICBC Financial Leasing Co. Ltd., White Oak Financial LLC, Wells Fargo Bank N.A., enterprise asset leasing, Origa Leasing, and Air Lease Corporation. These companies are venturing into fleet leasing, IT infrastructure, and AI-driven lease management services to compete effectively.
Mergers and acquisitions remain a potential strategy for expansion by various key players. For instance, in February 2025, Multiples Alternate Asset Management acquired the major share in QBurst and strengthened its enterprise leasing offering for IT equipment and cloud assets. This acquisition shows the latest trend of the market towards digital and technology in the leasing of assets and key players in the market to embrace the future of integrated leasing solutions with artificial intelligence. The market is likely to consolidate and develop new technologies as international and regional leasing firms strive to grow.
Here are some leading players in the enterprise asset leasing market:
In the News
- In November 2024, Ayvens, the car leasing subsidiary of Société Générale, attracted acquisition interest from Blackstone, Brookfield Asset Management, and CVC Capital Partners. The discussions highlight the strategic value of established automotive leasing firms in the evolving mobility-as-a-service market.
- In April 2024, Star Leasing Company, Commercial Trailer Leasing Inc., Cooling Concepts, and North East Trailer Services Leasing announced a rebrand as TEN (Transportation Equipment Network). This new identity aims to streamline operations in the transportation equipment leasing sector.
Author Credits: Abhishek Verma
- Report ID: 7219
- Published Date: Feb 25, 2025
- Report Format: PDF, PPT
