Technology firm White Clarke Group has released its tenth edition of the Global Leasing Report 2016.
According to the report, for the fourth consecutive year since the global economic crisis, the leasing industry has enjoyed growth in new business volumes, and the outlook is cautiously optimistic.
The top 50 countries reported 6.83% growth in the value of new contracts closed in 2014, from $883.96bn in 2013 to $944.31bn. Three regions, North America, Europe and Asia account for more than 80% of world volume, and together almost matched the previous year’s global total for new business leasing and hire purchase.
All eyes are turned to Asia, where China’s burgeoning leasing industry is fueling market growth. In 2014, China reported an increase of 31.06% in new business volume.
Latin America, measured by portfolio value (the only readily available data for most countries in the region) exhibited positive growth in 2014, 18.7% in US dollars.
For the Australia/New Zealand region we have now encompassed chattel mortgage transactions into their results. Comparing performance with the previous year, the region experience growth in new business of 4.0% in the local currency, and remained broadly static when expressed in US dollars.
The White Clarke Group Global Leasing Report is prepared by White Clarke Group in association with the World Leasing Yearbook. This report is an extract from the complete Global Leasing Report which is part of the 364 page World Leasing Yearbook. To obtain the full report, which contains 5 additional tables and figures, you can purchase the book at www.world-leasing-yearbook.com.
