In 2023, the wages and salaries for renting and leasing cars and light motor vehicles in Germany stood at 1.40 billion Euros. From 2024 to 2028, the forecast indicates a steady upward trend, with values increasing from 1.45 billion Euros in 2024 to 1.68 billion Euros in 2028.
- Year-on-year growth rates show consistent increments: 4.1% in 2024, 4.1% in 2025, 4.0% in 2026, 3.8% in 2027, and 3.1% in 2028.
- The compounded annual growth rate (CAGR) for the forecast period is approximately 4.0%, reflecting a steady growth trajectory in this sector.
Future trends to monitor include the impact of evolving transportation technologies, such as electric and autonomous vehicles, on rental and leasing business models, and potential regulatory changes influencing market dynamics and labor costs.
