The European production value of rental and leasing services is led by Germany, United Kingdom, and France, collectively dominating the market. Germany tops with a substantial market share and a notable increase in year-on-year variation at 6.29%. In 2023, countries like the Netherlands and Switzerland showed rapid growth, posting double-digit increases of 13.65% and 12.79%, respectively. Recent trends suggest resilience within the sector, with only Greece experiencing contraction at -2.36%. Over the past five years, the compound annual growth rate has shown a healthy trajectory for most countries.
Looking forward, the industry could be influenced by technological integration in operations, evolving consumer preferences, and shifts in regulatory landscapes across Europe. The rise of environmental, social, and governance criteria might further impact growth and development. Monitoring the technological advancements and policy changes will be key to understanding future trends in the market.
Top countries in Production Value of Rental and Leasing Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.29 | 2023 | +5.38% | +6.29% | View data |
| 2 | 2 United Kingdom | 15.9 | 2023 | +1.92% | +1.06% | View data |
| 3 | 3 France | 13.5 | 2023 | +1.76% | +2.02% | View data |
| 4 | 4 Netherlands | 11.06 | 2023 | +16.29% | +13.65% | View data |
| 5 | 5 Ireland | 8.47 | 2023 | +5.12% | +4.4% | View data |
| 6 | 6 Italy | 6.15 | 2023 | +4.19% | +0.54% | View data |
| 7 | 7 Spain | 4.46 | 2023 | +4.79% | +2.74% | View data |
| 8 | 8 Belgium | 3.17 | 2023 | +2.41% | +5.38% | View data |
| 9 | 9 Switzerland | 2.97 | 2023 | +6.79% | +12.79% | View data |
| 10 | 10 Poland | 1.99 | 2023 | +7.72% | +3.09% | View data |
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