The renting and leasing sector for cars and light motor vehicles in the UK is on a steady growth path from 2024 to 2028. In 2024, the number of enterprises is forecasted to reach 3.69 thousand, with a subsequent gradual year-on-year increase, reaching 3.83 thousand by 2028. Compared to 2023, the sector appears to be showing consistent, albeit modest, growth, reflecting potential stabilization and resilience in the automotive leasing market.
Future trends to watch for:
- Adoption of electric vehicles and sustainable mobility services.
- Technological advancements influencing operational efficiency.
- Impact of regulatory changes on operational dynamics.
- Consumer preference shifts towards flexible leasing options.
