The production value of renting and leasing motor vehicles in Denmark has shown considerable growth from 2013 to 2023, starting at €615.6 million in 2013 and reaching €1770.0 million in 2023. The year-on-year growth witnessed a remarkable peak of 61.55% in 2017, followed by fluctuations but maintaining an overall upward trajectory. In the last two years, growth rates were 7.53% in 2022 and 6.93% in 2023. The compound annual growth rate (CAGR) over the past five years is observed at 4.32%, indicating steady average annual growth.
Looking forward, the forecasted production value continues its increasing trend, projected to reach €2330.0 million by 2028. This points to a 23.53% growth over the next five years, sustaining a healthy CAGR of 4.32%. Future trends to watch include increased demand for flexible mobility solutions, advancements in electric vehicle leasing, and potential impacts of economic fluctuations on rental and leasing activities.
