European Labour Costs in Rental and Leasing Services by Country

In 2023, European labor costs in rental and leasing services showed significant variability across countries. France led with costs at 8.96 billion euros, followed by Germany at 5.62 billion euros. The Netherlands and Italy stood at 2.0 and 1.84 billion euros, respectively. Costs were much lower in Spain, Belgium, and Ireland, while Austria, Finland, Greece, Slovakia, Estonia, and Slovenia recorded minimal values. Year-over-year variations for 2023 highlighted substantial growth in Belgium, Ireland, and Slovakia, indicating dynamic trends across specific markets. The previous 5-year CAGR suggests sustained market changes but highlights regional discrepancies.

Future trends to watch include digital transformation and regulatory shifts impacting labor dynamics, particularly in high-growth areas like Belgium and Ireland. Additionally, economic recovery post-pandemic may influence further country-specific labor cost recalibrations, with automation potentially moderating long-term expenses.