In 2024, the European Turnover of Renting and Leasing of Motor Vehicles saw Germany leading with a significant share, followed by the United Kingdom and France. Germany's turnover stood at 29.79 million Euros, reflecting a 4.68% year-on-year increase. The UK witnessed a moderate rise of 1.96%, while France experienced a 4.18% growth. Italy and Spain also showed robust growth rates of 6.4% and 4.59%, respectively. Notable high growth rates were observed in Poland (10.52%) and Denmark (10.94%), while Bulgaria and Slovenia recorded increases of 11.13% and 12.31%, respectively. The Czech Republic experienced a slight decline of 0.29%, while Greece saw a 1.23% decrease.
Future trends to watch include:
- The continued dominance of Germany, the UK, and France in the market.
- Significant growth potentials in Eastern European countries like Poland, Romania, and Bulgaria.
- Shifts in market dynamics due to green initiatives and electric vehicle adoption.
- Potential market expansion and new opportunities arising from increased leasing penetration in smaller markets.
- Impacts from economic changes and consumer preferences on renting over purchasing motor vehicles.
Top countries in Turnover of Renting and Leasing of Motor Vehicles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.79 | 2023 | +3.66% | +4.68% | View data |
| 2 | 2 United Kingdom | 17.51 | 2023 | +2.06% | +1.96% | View data |
| 3 | 3 France | 11.78 | 2023 | +1.96% | +4.18% | View data |
| 4 | 4 Italy | 8.47 | 2023 | +9.59% | +6.4% | View data |
| 5 | 5 Netherlands | 6.78 | 2023 | +2.21% | +2.68% | View data |
| 6 | 6 Spain | 6.44 | 2023 | +7.22% | +4.59% | View data |
| 7 | 7 Belgium | 4.25 | 2023 | +2.53% | +4.13% | View data |
| 8 | 8 Poland | 3.05 | 2023 | +14.11% | +10.52% | View data |
| 9 | 9 Portugal | 1.7 | 2023 | +4.88% | +0.96% | View data |
| 10 | 10 Denmark | 1.51 | 2023 | +7.94% | +10.94% | View data |
