The European market for wages and salaries in the renting and leasing of cars and light motor vehicles has shown varied growth across countries. As of 2024, the United Kingdom leads the market share, closely followed by Germany and France. Significant year-on-year growth was observed in Spain and France, while smaller economies like Lithuania and Slovakia demonstrated strong percentage increases. Notably, Norway and Greece experienced slight declines. The five-year CAGR indicates robust growth trends, especially in Eastern European countries, suggesting a potential shift in market dynamics.
Future trends to watch include the impact of digital transformation on the rental business and the growing influence of sustainable mobility solutions, which are likely to drive changes in wages and salaries distribution across countries.
Top countries in Wages and Salaries of Renting and Leasing of Cars and Light Motor Vehicles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 21.72 | 2023 | +2.14% | +1.92% | View data |
| 2 | 2 Germany | 20.84 | 2023 | +4.6% | +2.76% | View data |
| 3 | 3 France | 16.57 | 2023 | +4.51% | +12.66% | View data |
| 4 | 4 Spain | 9.61 | 2023 | +12.18% | +16.75% | View data |
| 5 | 5 Italy | 7.05 | 2023 | +10.93% | +5.62% | View data |
| 6 | 6 Netherlands | 5.3 | 2023 | +3.11% | +2.34% | View data |
| 7 | 7 Poland | 2.55 | 2023 | +17.15% | +10.41% | View data |
| 8 | 8 Belgium | 2.51 | 2023 | +2.57% | +5.79% | View data |
| 9 | 9 Denmark | 2.16 | 2023 | +14.22% | +11.5% | View data |
| 10 | 10 Portugal | 1.68 | 2023 | +7.14% | +5.08% | View data |
