In 2023, the production value for renting and leasing motor vehicles in the UK stood at an actual benchmark. Forecasts from 2024 to 2028 indicate a steady increase in production value, escalating from 23.02 billion Euros in 2024 to 24.98 billion Euros in 2028. The year-on-year growth rates demonstrate a consistent uptrend: 2.22% from 2024 to 2025, 2.08% from 2025 to 2026, 2.04% from 2026 to 2027, and 1.92% from 2027 to 2028. The compound annual growth rate (CAGR) for this period averages at approximately 2.07% annually.
Future trends to watch for in the UK motor vehicle renting and leasing market include the impact of economic conditions on consumer behavior, the uptake of electric vehicles in leasing fleets, and regulatory developments. Companies should also focus on technological advancements in fleet management and the increasing importance of sustainability practices.
