The analysis of European turnover in renting and leasing office machinery and equipment demonstrates a mixed trajectory across countries. In 2023, France led with the highest turnover but experienced a notable decline of 6.81%, while Spain and Poland showed remarkable growth rates of 35.01% and 22.93%, respectively. Germany experienced a modest increase of 4.39%, indicating a stable market. Other countries like Croatia, Lithuania, and Iceland also experienced significant growth. In contrast, the United Kingdom and Belgium underwent declines, reflecting market challenges.
Looking forward, European countries could face varying growth rates influenced by economic policies and technological advancements. Observing the continued expansion in digital transformation endeavors and the demand for flexible office solutions will be crucial. Watch for potential growth opportunities in under-penetrated markets like Eastern Europe, where increased investment could further boost turnover.
Top countries in Turnover of Renting and Leasing of Office Machinery and Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,590 | 2023 | +3.8% | -6.81% | View data |
| 2 | 2 Germany | 2,610 | 2023 | +0.22% | +4.39% | View data |
| 3 | 3 Italy | 1,400 | 2023 | +2% | -1.27% | View data |
| 4 | 4 Spain | 1,120 | 2023 | +22.96% | +35.01% | View data |
| 5 | 5 United Kingdom | 717.3 | 2023 | -1.27% | -2.4% | View data |
| 6 | 6 Poland | 132.8 | 2023 | +6.16% | +22.93% | View data |
| 7 | 7 Belgium | 94.6 | 2023 | -7.07% | -9.3% | View data |
| 8 | 8 Denmark | 75.8 | 2023 | -0.39% | +3.12% | View data |
| 9 | 9 Norway | 71.8 | 2023 | +0.14% | +1.03% | View data |
| 10 | 10 Sweden | 63.8 | 2023 | -0.31% | -0.94% | View data |
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