In 2023, Italy led the European market in the number of high growth enterprises in renting and leasing motor vehicles, commanding the largest share at 29.45%. Portugal and Hungary followed with 19.12% and 17.05%, respectively. Notably, Slovakia experienced the highest growth with a stunning year-on-year increase of 24.57%. Iceland and Latvia saw modest advancements, while countries like Lithuania and Romania recorded small fluctuations. The broader trend over five years showcased positive growth, particularly highlighted by emerging markets such as Norway and Slovakia.
Future trends indicate a continued emphasis on technological integration and sustainability. High growth enterprises will likely focus on electric vehicle fleets and enhanced digital services to capture market demand. Partnerships with automotive tech companies and regulations encouraging greener transport solutions could define the competitive landscape. Watching how countries balance traditional leasing with innovative mobility solutions will be key.
Top countries in Number of High Growth Enterprises in Renting and Leasing of Motor Vehicles Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.45 | 2023 | +26.67% | +16.12% | View data |
| 2 | 2 Portugal | 19.12 | 2023 | +27.59% | +8.16% | View data |
| 3 | 3 Hungary | 17.05 | 2023 | +10% | +17.08% | View data |
| 4 | 4 Lithuania | 8.27 | 2023 | +6.67% | +5.33% | View data |
| 5 | 5 Romania | 6.72 | 2023 | +18.18% | +5.39% | View data |
| 6 | 6 Czech Republic | 4.65 | 2023 | 0% | 0% | View data |
| 7 | 7 Slovakia | 4.65 | 2023 | +12.5% | +24.57% | View data |
| 8 | 8 Norway | 3.62 | 2023 | +16.67% | +11.84% | View data |
| 9 | 9 Iceland | 3.1 | 2023 | +50% | +3.71% | View data |
| 10 | 10 Latvia | 2.58 | 2023 | +25% | +10.76% | View data |
