In 2023, France dominated the European road freight volume for renting and leasing cars and light motor vehicles at 61.04 million vehicle-kilometers, despite a 2.36% decline from the previous year. Poland's market expanded by 2.19%, maintaining its significant role with 30.13 million vehicle-kilometers. Slovakia experienced rapid growth with a 27.23% increase, while Spain saw an 8.45% rise. The Czech Republic had a notable 14.87% growth. In contrast, Austria and Romania faced declines of 12.94%, with Sweden's figures remaining stable.
Future trends to watch in this sector include:
- Potential recovery or further decline in major markets like France and Austria
- Continued growth in emerging markets such as Slovakia and Spain
- Impact of evolving environmental regulations and technology on the industry dynamics across Europe.
Top countries in Road Freight Volume of Renting and Leasing of Cars and Light Motor Vehicles Sector Share by Country (Million Vehicle-Kilometers)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 61.04 | 2023 | +1.28% | -2.36% | View data |
| 2 | 2 Poland | 30.13 | 2023 | +25.81% | +2.19% | View data |
| 3 | 3 Slovakia | 7.73 | 2023 | -33.33% | +27.23% | View data |
| 4 | 4 Norway | 3.09 | 2022 | +300% | 0% | View data |
| 5 | 5 Lithuania | 3.09 | 2022 | +100% | View data | |
| 6 | 6 Spain | 2.32 | 2023 | +50% | +8.45% | View data |
| 7 | 7 Czech Republic | 1.55 | 2023 | 0% | +14.87% | View data |
| 8 | 8 Austria | 0.77 | 2023 | -50% | -12.94% | View data |
| 9 | 9 Sweden | 0.77 | 2023 | -19.73% | View data | |
| 10 | 10 Romania | 0.77 | 2023 | 0% | -12.94% | View data |
