White Clarke Group has published its 20th annual Global Leasing Report showing how the industry has maintained an optimistic outlook.

2017 Global Leasing Report

The free report, which is available with a summary video, outlines that the industry has experienced growth in new business volumes for the fifth consecutive year since the global economic crisis.

Overall global annual volumes reached the US$1 trillion milestone, with growth in the industry outperforming that of the overall economy.

North America remained top of the world’s largest leasing regions – increasing its lead on Europe, and the United States remained the world’s largest leasing market by double-digit growth.

Europe, performed well, and its two largest and most mature leasing countries, UK and Germany, continued to improve, with the UK achieving a 14% increase. The rise within both of these markets was driven in part by auto finance.

Asia showed the fastest growth of any region, China continued its rapid rise towards top place, expanding its leasing market more than 25% in one year. Business volumes were driven by infrastructure, manufacturing and a resilient car market.

Brendan Gleeson, group CEO, said: “2016 brought some significant economic and political events, namely Brexit and the election of Donald Trump as U.S. president. Both events have brought short-term volatility on the global foreign exchange and stock markets. It is too early to assess how these events impact upon the economies of the world and the global leasing industry in the medium term – but there may be some resulting economic instability in 2017.”

To download the free 2017 Global Leasing Report, click here.

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