The European production value of renting and leasing cars and light motor vehicles shows significant variations by country in 2023. Germany dominates the market with a substantial 28.91 million euros, followed by the United Kingdom and France with 16.05 and 14.15 million euros, respectively. The sector experienced notable growth in Germany (14.6%), Spain (13.72%), and France (8.87%) year-on-year. Some smaller markets like Latvia, Slovenia, and Serbia also recorded significant percentage growth, whereas Greece saw a decline of 4.91%. These variations highlight differing market dynamics across Europe.
Future trends to watch for include the increasing demand and adaptation of eco-friendly vehicles, technological advancements in leasing operations, and the shifting consumer preferences post-pandemic. Additionally, economic factors could influence investment in this sector, impacting the growth trajectory across different European countries.
Top countries in Production Value of Renting and Leasing of Cars and Light Motor Vehicles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.91 | 2023 | +10.46% | +14.6% | View data |
| 2 | 2 United Kingdom | 16.05 | 2023 | +2.1% | +1.97% | View data |
| 3 | 3 France | 14.15 | 2023 | +4.07% | +8.87% | View data |
| 4 | 4 Italy | 7.95 | 2023 | +2.29% | +2.21% | View data |
| 5 | 5 Netherlands | 7.47 | 2023 | +3.15% | +3.88% | View data |
| 6 | 6 Spain | 6.67 | 2023 | +9.35% | +13.72% | View data |
| 7 | 7 Belgium | 4.03 | 2023 | +2.66% | +5.12% | View data |
| 8 | 8 Poland | 2.25 | 2023 | +17.34% | +8.57% | View data |
| 9 | 9 Denmark | 1.34 | 2023 | +6.96% | View data | |
| 10 | 10 Portugal | 1.24 | 2023 | +8.07% | +1.89% | View data |
