In 2023, the road freight volume of renting and leasing trucks in Europe showed France as the dominant player with 83.08 million vehicle-kilometers, significantly leading its counterparts. Poland followed, posting substantial growth at 16.9% year-on-year. The Czech Republic exhibited a slow but positive increase, while Austria and Sweden faced declines. Notably, Lithuania showed a remarkable upswing by 5.92%. Conversely, Luxembourg experienced a complete market exit. Over the last two years, noticeable fluctuations indicated divergent market dynamics in each country, distinct from the steady long-term projections captured in a 5-year compound annual growth rate analysis.
Future trends to watch for include:
- Potential expansion in Eastern European countries beyond Poland, driven by increased regional trade.
- Innovation in vehicle leasing models might alter market volumes, particularly in sustainable vehicle technology implementation.
- Adapting to environmental regulations will significantly impact sector dynamics, possibly reshaping leading countries' shares in the market.
Top countries in Road Freight Volume of Renting and Leasing of Trucks Sector Share by Country (Million Vehicle-Kilometers)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 83.08 | 2023 | +111.97% | +9.88% | View data |
| 2 | 2 Poland | 10.79 | 2023 | 0% | +16.9% | View data |
| 3 | 3 Czech Republic | 2.72 | 2023 | +6.45% | +1.26% | View data |
| 4 | 4 Austria | 2.06 | 2023 | +4.17% | -5.4% | View data |
| 5 | 5 Slovakia | 0.82 | 2023 | +25% | +1.03% | View data |
| 6 | 6 Portugal | 0.74 | 2023 | +200% | View data | |
| 7 | 7 Romania | 0.41 | 2023 | +400% | -3.58% | View data |
| 8 | 8 Lithuania | 0.33 | 2023 | 0% | +5.92% | View data |
| 9 | 9 Sweden | 0.25 | 2023 | 0% | -5.59% | View data |
| 10 | 10 Latvia | 0.082 | 2023 | 0% | View data |
