WCG-Global-Leasing-Report-2017

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WHITE CLARKE GROUP GLOBAL LEASING REPORT WLY FC 2017 Spine Black v2 02/11/2016 15:07 Page 1 2017 WORLD LEASING YEARBOOK 2017 Covering 352 pages the NEW 2017 edition of the World Leasing Yearbook is your essential guide to all the current opportunities in leasing and asset finance, ensuring you keep ahead of the competition. The 2017 edition provides 352 pages of unrivalled data: • Over 50 country reviews covering all leasing sectors with core data and statistics. • The Global Leasing Report 2017 features unique data on international leasing volume and growth by region. A ranking of the Top 50 global leasing markets, global leasing statistics from 1995 to date, market penetration levels per country, GDP penetration ratios and market shares. • Features over 250 tables and graphs of essential statistical data. • An extensive review of leasing software developments for 2017 along with comprehensive product reviews from over 30 leasing suppliers. • The unique and comprehensive World Leasing Yearbook Database giving you access to over 5,000 companies and over 6,000 contacts in over 100 countries from all sectors of the international asset finance and leasing industry. Supplied on disc and fully downloadable and searchable. Price: £375 / US$550 (hardback and e-versions available) www.world-leasing-yearbook.com WLY17 advert 175mm x 125mm with border.indd 1 23/02/2017 14:55:41 The German leasing sector is one of the most mature in the world, and hire purchase stills plays a secondary role accounting for only 13% of equipment finance compared to finance leasing of 48% and operating leasing of 39%. In 2015 the share of leasing as a financing tool for investment became larger and the equipment and construction industries adopted leasing more frequently. Road vehicles remain the dominant asset class in the German economy (71%), followed by machinery (13%) and office equipment and IT systems (6%). Looking at the equipment leased by type of customer, services, manufacturing and transport segments accounted for more than the 65% of the total volume. France secured the sixth place in the Global Leasing Report rankings, with new business volume of US$30.92bn and growth of 10%. This growth was mainly facilitated by low inflation and high household consumption, which led to a greater investment in leasing assets. Most of the central and eastern European countries, as mentioned above, have reported low or negative growth (i.e. Ukraine, Russia, Serbia and Estonia). The Russian leasing market was affected by the bank lending rates, and experienced a decline in growth of –20%. Nonetheless, during the second quarter of 2016 new leasing reforms were discussed at the meeting of the RF Ministry of Finance Interdepartmental Working Group, and these are expected to bring future brighter prospects for the Russian leasing sector. * NB Our European figures will exhibit slight differences from those quoted by Leaseurope because The White Clarke Group Global Leasing Report adopts the US dollar as its base rate, as published at the last day of the year. Leaseurope employs the euro as its base currency, adjusted for exchange rate fluctuations. 6 © WORLD LEASING YEARBOOK
WHITE CLARKE GROUP GLOBAL LEASING REPORT Asia New business volume in Asia increased by 14.4% in 2015 and takes a 22.2% share of the world market (around US$223bn), up from last year when the market volume for Asia was 20.6%. Small and medium-sized enterprises showed a rise for the first time in two years and large companies declined for the third year in a row. An increase in consumer tax may have been a contributor factor. The Chinese central bank cut interest rates five times during the year, making bank loans cheaper and leasing less attractive. Nonetheless, China remains the biggest player in the Asia market and increased its volume by 26%, reporting US$136.45bn new business volume in 2015. The Chinese leasing industry has positioned itself as the second largest market in the world for asset finance through leasing and hire purchase, despite experiencing the lowest growth in GDP for the past 25 years. The infrastructure and the manufacturing sectors have traditionally dominated the leasing market, but in recent years the car industry has gained market share. The Japanese leasing market recovered from last year’s decline in growth (--17% in 2014) and experienced an increase of 9% in 2015. New business volume increased from US$55bn to US$60.84bn, a growth favoured by the Abe administration’s ‘Japan Revitalization Strategy’ introduced in 2013 where leasing became an instrument to promote technology. The third biggest leasing market in Asia is Korea and it is ranked 13th in the world achieving an increase in new business volume of 8% in 2015 to US$11.39bn. Transportation equipment and industrial machinery continue to be the main assets leased representing more than 80% of new business. Taiwan is the fourth largest Asian leasing market. Since 2010 Taiwan has been experiencing an economic expansion and has left behind the global economic crisis’ effects which caused declines in leasing volumes in previous years. The Taiwanese leasing market is growing and in 2015 new business volume reached US$10.62bn (10% higher than 2014). Recent changes in Taiwanese regulations introduced flexible financing not otherwise available to small enterprises, with the aim of easing capital shortages for SMEs. Also in 2015, the leasing market expanded into high-tech leasing business creating optimism in the leasing industry for the future. Industrial equipment (12%), factory equipment (29%), information and communication equipment (3%) and medical equipment (9%) exhibited growth in comparison with last year, whereas construction equipment (-8.8%) and transport equipment (-3.4%) suffered negative growth. The last Asian country to make it to the Global Leasing Report top 50 is India. It experienced growth of only 2.65%, just enough to be included in this year’s Report, thus eliminating a European country from the top 50 list. 7 © WORLD LEASING YEARBOOK
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