The production value of renting and leasing cars and light motor vehicles in the UK is expected to steadily grow from €19.3 billion in 2024 to €20.92 billion in 2028. This indicates a positive trajectory with an average year-on-year growth of around 2.1% from 2024 onwards, following a stable trend observed in previous years. The corresponding Compound Annual Growth Rate (CAGR) over these five years is approximately 2%. As of 2023, the confirmed values set the foundation for these projections.

Future trends to watch include:

Increasing adoption of electric and hybrid vehicles, impacting rental fleets.
Evolving consumer preferences towards mobility solutions and flexible leasing options.
Potential regulatory changes affecting emissions and sustainable practices.
Technological advances enhancing user experience and fleet management efficiency.