Rental and leasing services providers have gained traction in the wake of an effective COVID-19 vaccination drive and the steady revival of economic activities over the past year. Furthermore, with the growing number of start-ups, the industry is witnessing rising revenues. Last year, new business applications in the United States were the highest they’ve been in the past 15 years.
Analysts expect the global leasing market to grow at an 8% CAGR to $1836.74 billion in 2025. In addition, the expanding landscape of international trade and rapid urbanization worldwide should help the rental and leasing industry grow over the next few years.
