In 2024, France leads with the highest number of enterprises in motor vehicle renting and leasing at 8.69 thousand, followed by Germany, Spain, and Poland. While most countries saw modest growth, Romania and Hungary achieved the highest year-on-year increases, 10.8% and 7.42% respectively, indicating expanding markets. France (-0.13%) and Bulgaria (-0.78%) had marginal declines in 2023. Over the last five years, the sector has shown a mix of stability and growth, with many countries reflecting positive CAGR, highlighting steady interest and investments in this service sector.
Future trends to watch include:
- Potential acceleration in Romania and Hungary due to recent dynamic growth patterns.
- Technological advancements stimulating enterprise growth in mature markets like France and Germany.
- Shifts in consumer behavior towards sustainability could impact demands across Europe.
- Economic expansions in Eastern Europe may create new opportunities for market entrants.
Top countries in Number of Enterprises of Renting and Leasing of Motor Vehicles by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 8,690 | 2023 | +0.84% | -0.13% | View data |
| 2 | 2 Germany | 5,030 | 2023 | +1.8% | -0.78% | View data |
| 3 | 3 Spain | 4,890 | 2023 | +2.95% | +2.5% | View data |
| 4 | 4 Poland | 4,780 | 2023 | +5.59% | +4.66% | View data |
| 5 | 5 United Kingdom | 4,670 | 2023 | +1.13% | +1.16% | View data |
| 6 | 6 Italy | 3,280 | 2023 | +2.53% | +3.38% | View data |
| 7 | 7 Hungary | 2,320 | 2023 | +5.88% | +7.42% | View data |
| 8 | 8 Greece | 2,210 | 2023 | +3.5% | +4.36% | View data |
| 9 | 9 Bulgaria | 2,020 | 2023 | -1.61% | -0.78% | View data |
| 10 | 10 Romania | 1,840 | 2023 | +6.01% | +10.8% | View data |
