The UK leads the European truck renting and leasing market with a turnover of 3.15 billion euros in 2024, showing a slight 1.75% increase from the previous year. Germany follows with 2.73 billion euros, marking a 4.76% growth. While France’s market declined by 14.8% to 0.9581 billion euros, Poland saw a notable increase of 8.18% to 0.916 billion euros. Other countries such as Italy and Spain also witnessed moderate growth rates in their respective turnovers. Lithuania displayed significant growth with a 14.3% increase, while Portugal experienced the most substantial rise at 20.33%. On the other hand, Sweden and Finland experienced declines in their turnovers. Future trends to watch include:
- Potential for growth in Eastern Europe due to increasing economic development and demand for logistics solutions.
- Impact of sustainability initiatives and regulations on the truck rental and leasing market.
- Technological advancements, notably electric vehicles, reshaping rental and leasing portfolios.
- Potential market consolidation as companies aim for greater efficiency and service expansion.
Top countries in Turnover of Renting and Leasing of Trucks by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,150 | 2023 | +1.53% | +1.75% | View data |
| 2 | 2 Germany | 2,730 | 2023 | +14.03% | +4.76% | View data |
| 3 | 3 France | 958.1 | 2023 | -11.41% | -14.8% | View data |
| 4 | 4 Poland | 916 | 2023 | +8.18% | +8.18% | View data |
| 5 | 5 Italy | 400.2 | 2023 | +5.48% | +5.66% | View data |
| 6 | 6 Spain | 377 | 2023 | +2.7% | +4.56% | View data |
| 7 | 7 Portugal | 234.9 | 2023 | +8.55% | +20.33% | View data |
| 8 | 8 Belgium | 231.2 | 2023 | +5.52% | +0.6% | View data |
| 9 | 9 Lithuania | 159 | 2023 | +6% | +14.3% | View data |
| 10 | 10 Hungary | 148.2 | 2023 | +4.88% | +1.28% | View data |
