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Key findings: Job needs and car leasing
This job needs and car leasing sourcing and procurement report offers actionable information on the global and regional spend potential, pricing strategies, and supply selection criteria that is specific to this market. Insights delivered in this report will help purchasers to identify cost-saving opportunities while procuring job needs and car leasing services.
The growth of the job needs and car leasing market is primarily being driven by the increasing preference towards full services leasing (FSL). This is characterized by the provision of all the purchase and maintenance-related services within a single bundle. Such offerings are known to significantly reduce buyer's total procurement spend while also reducing the complexities associated with the mobility to the businesses. The growth of the tourism industry is also acting as a catalyst towards accelerating the category spend momentum. The leading car leasing services suppliers are collaborating with leading hotel companies in the tourism industry, which is promoting the category growth to a significant extent.
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This job needs and car leasing market research report informs on the suitable category pricing strategies to help the buyers achieve cost-savings. It also covers the sustainability practices, the risk management/mitigation strategies, and supplier selection criteria to improve category spend. In this sourcing and procurement report, the category spend is analyzed from the perspective of the buyers and the suppliers.
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The corporate sector is deepening its focus on limiting costs associated with mobility and their other core businesses. This focus is consequently creating a huge requirement for the corporate leasing services, that is a category segment which has claimed a market share of over 50% last year and is predicted to grow in the coming years. In an effort to reduce CAPEX, SMEs are preferring to lease cars than purchasing them. This is contributing to the category spend growth to a great extent.
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This job needs and car leasing market research report offers coverage of:
Optimize category spend for job needs and car leasing
Often the leasing fees quoted by suppliers do not include expenditure such as VAT, disposition fees, interest rates, and other taxes charged by suppliers. Consequently, this results in an incurring procurement spend for buyers. In the job needs and car leasing market, buyers are advised to analyze the detailed fee structure that considers all the costs charged by the suppliers. This enables buyers to devise effective category pricing strategies that can maximize cost-savings and help to choose the most cost-effective supplier.
This job needs and car leasing sourcing and procurement report also offers coverage of:
Assess category spend for the US region
Increasing demand for vehicle leasing services from the millennials and the corporate sector is driving the category spend momentum in the US. The emergence of innovative business models such as car sharing is also propelling demand for car leasing services in the US. The development of autonomous vehicles and EVs in the US is driving investment in this category to aid the leading players to identify growth opportunities and offer enhanced services to the buyers.
Additional information offered in this job needs and car leasing market research report will help buyers analyze:
Build strategies for effective supplier selection
Selecting a supplier on the basis of their provision for value-added services is one of the best strategies to reduce excess spend. Such services include vehicle branding, fuel cards, emergency roadside assistance, and replacement vehicles that can benefit buyers with significant cost-saving opportunities.
This job needs and car leasing sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
Supplier assurance is critical for buyers whose business is largely reliant on this category. The inability of the suppliers to offer services at the right time causes delays and interrupts buyers' business activities.
Key insights offered in this job needs and car leasing market research report will help the buyers identify:
Determine the spend dynamics for key geographies
Focus on reducing mobility costs and to achieve employee satisfaction are driving organizations in APAC to increase demand for leased cars as a business vehicle, as a part of CTC, and car as a perk APAC is expected to attain the highest market share in the years to come. In Europe, the shifting preference from purchasing cars to leasing the same, and the need to reduce CAPEX, are supplementing the growth of the job needs and car leasing market in the region.
Key geographies analyzed in this job needs and car leasing sourcing and procurement report include the following:
Information on the top job needs and car leasing suppliers, pricing strategies, supplier selection criteria, and significant risks faced while procuring job needs and car leasing is offered in this market research report. Download a free sample to access the report's complete scope of coverage.
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.