The turnover for the renting and leasing of motor vehicles in Germany has seen substantial growth over the last decade, starting at 8.46 billion euros in 2013 and reaching 38.12 billion euros in 2023. Specifically, the period from 2017 to 2023 witnessed notable increases, a year-on-year variation peaking at 121.83% in 2017, and more moderate growth rates in subsequent years. In 2023, the market stood at 38.12 billion euros, marking a year-on-year increase of 3.66% and an average annual growth (CAGR) of 4.68% over the past five years.
Projected figures indicate a continued upward trend, with the turnover expected to reach 44.65 billion euros by 2028. The forecasted compound annual growth rate (CAGR) over the next five years stands at 2.5%, suggesting steady growth. This forecast translates to a cumulative growth rate of 13.16% for the 2024–2028 period.
Future trends to watch include:
- Increasing adoption of electric and hybrid vehicles in leasing portfolios.
- Technological advancements and digital transformation of rental and leasing services.
- Potential impacts of regulatory changes on the automotive leasing industry.
- Expansion of mobility-as-a-service (MaaS) offerings.
- Macroeconomic factors and their influence on consumer and corporate leasing behaviors.
