The production value of renting and leasing motor vehicles in Germany rose significantly from 2013 to 2023, going from 7.63 billion Euros to 35.6 billion Euros. The trend reflects a strong annual growth with a noticeable spike in 2017 and persistent double-digit growth rates until 2022. From 2022 to 2023, the value increased by 10.52% to 35.6 billion Euros. The average annual growth rate (CAGR) over the past five years until 2023 is 13.12%. Looking forward, the industry is forecasted to continue growing, though at a slightly reduced CAGR of 5.99% over the next five years, reaching 52.11 billion Euros by 2028.
Future trends to watch for:
- Expansion of electric vehicle leasing options.
- Integration of digital and mobility services enhancing customer experiences.
- Market consolidation with possible mergers and acquisitions.
- Adaptation to regulatory changes impacting leasing models.
