The European production value of renting and leasing cars and light motor vehicles shows significant variation across countries in 2023. Germany leads with €34.11 billion, followed by the United Kingdom and France at €18.94 billion and €16.69 billion respectively. Growth is noticeable, with Germany experiencing a 14.6% increase and Spain showing a 13.72% rise. Conversely, Greece saw a decrease of 4.91%. Smaller markets like Slovenia and Lithuania saw growth around 9-10%. Notably, the industry's compound annual growth rate (CAGR) reveals resilience and positive trends across many markets.
Future trends to watch include a shift towards electric and hybrid vehicles, integration of digital services, and changing consumer preferences towards flexible mobility solutions. Market convergence and regulatory influences across Europe will also shape growth patterns, impacting cross-border leasing opportunities and sustainability-driven initiatives.
Top countries in Production Value of Renting and Leasing of Cars and Light Motor Vehicles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34,110 | 2023 | +10.46% | +14.6% | View data |
| 2 | 2 United Kingdom | 18,940 | 2023 | +2.1% | +1.97% | View data |
| 3 | 3 France | 16,690 | 2023 | +4.07% | +8.87% | View data |
| 4 | 4 Italy | 9,370 | 2023 | +2.29% | +2.21% | View data |
| 5 | 5 Netherlands | 8,810 | 2023 | +3.15% | +3.88% | View data |
| 6 | 6 Spain | 7,880 | 2023 | +9.35% | +13.72% | View data |
| 7 | 7 Belgium | 4,760 | 2023 | +2.66% | +5.12% | View data |
| 8 | 8 Poland | 2,660 | 2023 | +17.34% | +8.57% | View data |
| 9 | 9 Denmark | 1,580 | 2023 | +6.96% | View data | |
| 10 | 10 Portugal | 1,460 | 2023 | +8.07% | +1.89% | View data |
