WCG-Global-Leasing-Report-2017

WHITE CLARKE GROUP GLOBAL LEASING REPORT
Table 1: Volume and growth by region (2014–2015)
Rank by
volume
Region
Annual volume
(US$bn)
Growth 2014–2015
(%)
Percentage of world
market volume 2014
Percentage of world
market volume 2015
Change in market
share 2014–2015
1 N America 407.8 10.7 39.0 40.6 1.52
2 Europe 322.8 –1.5 34.7 32.1 –2.6
3 Asia 223.0 14.4 20.6 22.2 1.5
4 Aus/NZ 31.2 –12.4 3.8 3.1 –0.7
5 S America 13.8 28.9 1.1 1.4 0.2
6 Africa 6.7 –0.7 0.7 0.7 0.0
Total 1,005.30
Source: White Clarke Group Global Leasing Report.
The Canadian Finance & Leasing Association (CFLA) has
reassessed the way it compiles sales volume since 2013.
This has improved the reliability of the data; however, the
whole region lacks the granularity of data available from
other regions. Overall Canada reported sales volume
of US$26.21bn and modest growth of 3.4%, which was
impacted upon by the collapse of oil prices in 2014.
There was poor performance in some European
countries reflecting the weak state of the domestic
economies, notably: Russia (20% decline), Ukraine (70%
decline) and Greece (3% decline). Ukraine has now
exited the table of top 50 countries. No surprise given
the annexation of the Crimea by Russia and the war in
eastern Ukraine and the resulting economic fallout.
Mexico experienced growth of 32% and new business
volume of US$7.19bn showing the solid development of
the leasing industry in that region.
Europe
Each year Europe competes with the US for the top
position in the world’s leasing market share, and
each have new business volume of US$322.8bn
and US$374.35bn respectively.
Europe accounts for 33.2% of world volume and
five European countries feature in the world’s top
10 countries for new business, contributing 68%
of the total volume.
In local currency, the European region grew by 10.3%.
However, when expressed in US dollars, Europe
experienced negative growth of –1.5%. (Note: The
European growth figures reported in Table 2 refer
to the growth figures in local currency). See the full
Leaseurope report in the World Leasing Yearbook.
The United Kingdom and Germany are positioned as
the third and fourth largest leasing markets in the world
and remain the dominant players in Europe. Jointly they
accounted for 46.9% of the European market and 15.6%
of the world market. This performance was aided by
the healthy performance of the UK economy with GDP
growth of 3.02% and Germany at 1.71%.
In 2015, the UK leasing industry captured US$87.13bn
in new business volume, leading to another significant
rate of growth of 14% (in local currency) compared with
the previous year and positioning it in a strong third
position after the US and China. The IT equipment
market reported the largest rate of growth in the UK,
around 38%, followed by commercial vehicle and
car finance segments which also experienced
double-digit growth. Overall, the UK market has
demonstrated stability and efficiency when it comes
to asset financing and leasing.
The second largest European market is Germany with
a growth of 8.42% (in local currency) in comparison to
2014 and with new business volume of US$63.84bn.
5
© WORLD LEASING YEARBOOK