According to Solifi’s 2024 Global Leasing Report, global growth in the leasing industry is forecast to decrease to 2.9% in 2024, which is below the historical average of 3.8%. However, the report still projects that, despite the continuing effects of the COVID-19 pandemic, the Russian invasion of Ukraine and the cost-of-living crisis, the economy is gradually recovering and the outlook for the global leasing industry is generally optimistic.

“The Global Leasing Report has been an indispensable guide within the industry for decades, and we are proud to be working with the World Leasing Yearbook once again to produce it,” David Hamilton, CEO of Solifi, said. “With a more accurate picture of how the pandemic has impacted the economy, it is reassuring to see that the industry is expecting continued growth despite significant challenges. The research produced in the report provides leasing organizations the insights needed to guide business strategy to drive growth.”

Solifi’s Global Leasing Report is a digital publication that details trends, economic projections and insights into the top 50 leasing markets in the world. This is the 18th edition that Solifi has partnered with the World Leasing Yearbook to distribute the report, which is available for download free of charge.

Solifi is a global financial technology software provider for the secured finance industry.