The production in the motor vehicle renting and leasing sector in Denmark has shown a consistent upward trend. From 2013, starting at 4.59 billion Danish Krones, there has been a significant increase over the years, reaching 13.45 billion Danish Krones in 2023. Notable spikes occurred in 2017 and 2019, with respective year-on-year growth rates of 61.41% and 18.93%. The recent years continue to show moderate growth, with a year-on-year increase of 5.53% and a CAGR of 9.14% in 2023.
Looking ahead, the forecast data from 2024 to 2028 predict a stable increase, reaching 16.82 billion Danish Krones in 2028 with a 5-year forecast CAGR of 3.52%. The sector is expected to grow by 18.89% over this five-year period.
Future trends to watch for include:
- Technological advancements in vehicle leasing systems.
- The impact of electric and autonomous vehicles on leasing preferences and structures.
- Shifts in consumer behavior towards sustainable and shared mobility solutions.
- Potential growth in the corporate leasing market driven by business expansions and fleet optimizations.
