The turnover in the Renting and Leasing of Motor Vehicles sector in Germany has exhibited a notable upward trend over the past decade. Beginning from a turnover of €8.46 billion in 2013, the sector saw a significant surge to €38.12 billion by 2023. Particularly striking years include 2016 and 2017, with year-on-year growth rates of 28.17% and 121.83% respectively. In recent years, the growth rate has moderated, with the sector seeing a 3.66% increase from 2022 to 2023.
Looking ahead to 2028, the forecasted turnover is expected to reach €44.65 billion, with a compounded annual growth rate (CAGR) of 2.5% over the next five years. While this forecasted growth rate is more modest, it suggests continued expansion in the sector.
Future Trends to Watch for:
- Growing emphasis on electric vehicle leasing as part of sustainability initiatives.
- The impact of technological advancements, such as autonomous driving features, on rental and leasing models.
- Potential shifts in consumer behavior influenced by mobility-as-a-service (MaaS) solutions.
- Regulatory changes impacting the automotive sector and their effect on leasing models.
- Market consolidation or the emergence of new players within the rental and leasing ecosystem.
