Factors Shaping the Future of Leasing in Poland. The Role of External Shocks, Regulations, and Emerging Technologies

Radło, Mariusz-Jan; Szczech-Pietkiewicz, Ewelina; Szarek-Piaskowska, Aleksandra; Sagan, Mariusz

doi:10.2478/ijme-2024-0004

Abstract

This study aims to identify and evaluate the key trends in the leasing sector in Poland from the perspective of both the present situation and the coming years. The literature review and the conducted In-Depth Interviews among senior executives of leasing businesses in Poland and among representatives of the Polish Leasing Association enabled us to determine the following list of contemporary trends that are relevant to the leasing sector: the circular economy, the sharing economy and product-as-a-service, incidental and shock-related changes, digitalization, automation and robotization, as well as the development of the electric vehicle segment. Furthermore, many of these phenomena fit into the broader concept of so-called sustainable finance. All of the indicated trends were deemed as relevant by the experts. The leasing sector has not yet reached the maximum of its potential for market expansion in Poland.

References

Allieron Fintech. (2022), Top 5 challenges in e-leasing for 2022, What’s going on in FinTech, retrieved from https://fintech.ailleron.com/leasetech/top-5-challenges-in-e-leasing-for-2022-whats-going-on-in-fintech/ (Access date: March 23, 2023).
Search in Google Scholar Back to article
Attride-Stirling, J. (2001), Thematic networks: an analytic tool for qualitative research, Qualitative Research, Vol. 1, No. 3, pp. 385–405, https://doi.org/10.1177/146879410100100307
Open DOI Search in Google Scholar Back to article
Braun, V., Clarke, V. (2006), Using thematic analysis in psychology, Qualitative Research in Psychology, Vol. 3, No. 2, pp. 77–101, https://doi.org/10.1191/1478088706qp063oa
Open DOI Search in Google Scholar Back to article
Brinca, P., Duarte, J.B., Faria-e-Castro, M. (2021), Measuring labor supply and demand shocks during COVID-19, European Economic Review, Vol. 139, p. 103901, https://doi.org/10.1016/j.euroecorev.2021.103901
Open DOI Search in Google Scholar Back to article
Cruz Rios, F., Grau, D. (2020), Circular economy in the built environment: designing, deconstructing, and leasing reusable products, in: S. Hashmi, I.A. Choudhury, (Eds), Encyclopedia of renewable and sustainable materials, Elsevier, pp. 338–343, https://doi.org/10.1016/B978-0-12-803581-8.11494-8
Open DOI Search in Google Scholar Back to article
del Rio-Chanona, R.M., Mealy, P., Pichler, A., Lafond, F., Farmer, J.D. (2020), Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective, Oxford Review of Economic Policy, Vol. 36, Supplement_1, pp. S94–S137, https://doi.org/10.1093/oxrep/graa033
Open DOI Search in Google Scholar Back to article
Dziobek, E., Kulczycka, J. (2019), Finansowanie działąlności przedsiębiorstw w modelu gospodarki o obiegu zamkniętym, in: J. Kulczycka (Ed.), Gospodarka o obiegu zamkniętym w polityce i badaniach naukowych,, Wydawnictwo IGSMiE PAN, Kraków, pp. 35–46.
Search in Google Scholar Back to article
European Central Bank. (2022), The impact of the COVID-19 shock on euro area potential output: a sectoral approach, Publications Office, retrieved from https://data.europa.eu/doi/10.2866/010657
Open DOI Search in Google Scholar Back to article
European Commission. (2020), Nowy plan działania UE dotyczący gospodarki o obiegu zamkniętym na rzecz czystszej i bardziej konkurencyjnej Europy, Komunikat Komisji Do Parlamentu Europejskiego, Rady, Europejskiego Komitetu Ekonomiczno-Społecznego i Komitetu Regionów, COM(2020) 98 final.
European Commission. ( 2020 ), Nowy plan działania UE dotyczący gospodarki o obiegu zamkniętym na rzecz czystszej i bardziej konkurencyjnej Europy , Komunikat Komisji Do Parlamentu Europejskiego, Rady, Europejskiego Komitetu Ekonomiczno-Społecznego i Komitetu Regionów, COM(2020) 98 final .

Back to article
Gradzewicz, M. (2022), How do firms respond to demand and supply shocks? NBP Working Papers, (344), 1–42.
Search in Google Scholar Back to article
Huang, Y., Qian, L., Soopramanien, D., Tyfield, D. (2021), Buy, lease, or share? Consumer preferences for innovative business models in the market for electric vehicles, Technological Forecasting and Social Change, Vol. 166, p. 120639. https://doi.org/10.1016/j.techfore.2021.120639
Open DOI Search in Google Scholar Back to article
Koide, R., Murakami, S., Nansai, K. (2022), Prioritising low-risk and high-potential circular economy strategies for decarbonisation: a meta-analysis on consumer-oriented product-service systems, Renewable and Sustainable Energy Reviews, Vol. 155, p. 111858. https://doi.org/10.1016/j.rser.2021.111858
Open DOI Search in Google Scholar Back to article
Liao, F., Molin, E., Timmermans, H., van Wee, B. (2019), Consumer preferences for business models in electric vehicle adoption, Transport Policy, Vol. 73, pp. 12–24. https://doi.org/10.1016/j.tranpol.2018.10.006
Open DOI Search in Google Scholar Back to article
McKendry, D.A., Whitfield, R.I., Duffy, A.H.B. (2022), Product lifecycle management implementation for high value engineering to order programmes: an informational perspective, Journal of Industrial Information Integration, Vol. 26, p. 100264. https://doi.org/10.1016/j.jii.2021.100264
Open DOI Search in Google Scholar Back to article
Najeeb Ghauri. (2022), The impact of digital technology on the leasing industry, retrieved from https://www.world-leasing-yearbook.com/feature/the-impact-of-digital-technology-on-the-leasing-industry/
Search in Google Scholar Back to article
NBP. (2022), Raport o inflacji. Marzec 2022 r, Narodowy Bank Polski.
Search in Google Scholar Back to article
Radło, M.-J., Sagan, M. (2021), Awans krajów Europy Środkowo-Wschodniej w łańcuchach wartości przed pandemią i po jej wygaśnięciu—Szanse i wyzwania na przyszłość, in: A. Chłoń-Domińczak, R. Sobiecki, M. Strojny, B. Majewski, (Eds), Raport SGH i Forum Ekonomicznego 2021, SGH Publishing House, Warszawa, pp. 341-374.
Search in Google Scholar Back to article
Schmidt, D.M., Malaschewski, O., Fluhr, D., Mörtl, M. (2015), Customer-oriented framework for product-service systems, Procedia CIRP, Vol. 30, pp. 287-292. https://doi.org/10.1016/j.procir.2015.02.106
Open DOI Search in Google Scholar Back to article
Weck, M., Afanassieva, M. (2023), Toward the adoption of digital assistive technology: factors affecting older people’s initial trust formation, Telecommunications Policy, Vol. 47, No. 2, p. 102483. https://doi.org/10.1016/j.telpol.2022.102483
Open DOI Search in Google Scholar Back to article
What is circular economy? Ellen MacArthur Foundation. (n.d.). https://www.ellenmacarthurfoundation.org/topics/circular-economy-introduction/overview
Search in Google Scholar Back to article

Factors Shaping the Future of Leasing in Poland. The Role of External Shocks, Regulations, and Emerging Technologies

Abstract

Paradigm

My account