European Turnover of Rental and Leasing Services by Country

The European rental and leasing services market displayed notable trends in 2023. Germany led with substantial market turnover, followed by the UK and France. Noteworthy increases were observed in the Netherlands and Switzerland, both experiencing double-digit growth year-on-year. Meanwhile, Austria recorded a slight decline. Eastern European countries like Bosnia and Herzegovina experienced significant growth, although from a smaller base. Italy and Spain also noted moderate increases in turnover, reflecting their stabilizing markets.

Future trends to watch include the impact of digital transformation, which is expected to drive efficiency and customer engagement. Also, sustainability initiatives could influence demand, especially in eco-friendly vehicle rentals and equipment leasing. The evolving economic landscape, geopolitical stability, and technological advancements are crucial factors that will shape market trajectories in European rental and leasing services over the coming years.