Solifi, a global fintech software partner for secured finance, announced the release of the 2023 Global Leasing Report. This one-of-a-kind report provides detailed analysis of the top 50 leasing markets worldwide, providing historical data insights, economic projections, and trends. Solifi has been partnering with the World Leasing Yearbook since 2006 to provide this global report at no charge – available to download here.
As the global leasing industry emerged from the pandemic and equipment investments rebounded, the report findings revealed a promising 9.3 percent increase in new business volumes in 2021. The top 50 countries reported new business volume of $1.463 billion in 2021, up from $1.338 billion in 2020.
The Global Leasing Report shows the industry has grown 84 percent in the past decade; however, findings predict international growth will slow from 6 percent in 2021 to 2.7 percent in 2023. While global inflation is expected to slow down in 2023 (6.5 percent) compared to 2022 (8.8 percent), it’s forecasted to rise another 4.1 percent by 2024.
Our research finds that the United States remains the world’s largest leasing market (+7.40 percent growth) with China (+10.71 percent), the United Kingdom (+14.32 percent), Germany (+21.85 percent), and Japan (+8.71 percent) rounding out the top five market-leading countries. Combined, these five markets account for more than 72 percent of the world’s leasing volume. The Global Leasing Report takes a closer look at these regional markets to help predict where the industry is heading in the future.
“Despite constant business disruption from the residual pandemic effects, unpredictable economic turbulence, and supply chain shortages, the global leasing market is growing. Innovation and resilience are key attributes of the leasing market and continue to underpin the industry’s growth,” said Solifi CEO David Hamilton. “For the past 17 years, the Solifi Global Leasing Report has been the go-to guide for the industry and has become one of the leasing market’s most trusted and definitive resources. The invaluable research findings at both global and individual country levels provide the knowledge and insights leasing organizations need to make crucial business decisions to drive their continued growth.”
Visit our website to download your free copy of the 2023 Solifi Global Leasing Report.