In 2023, the United Kingdom led the sector in Europe with a significant value of 22.84 million euros, followed by Germany and France. Notably, Poland and Denmark showed double-digit growth from the previous year. Lithuania recorded the highest year-on-year increase at 17.57%, while Greece was the only country with a negative growth trend. Over the past five years, the leasing market has generally experienced modest growth, driven by changes in consumer behavior and post-pandemic recovery.
Future trends to watch include:
- Increased adoption of digital tools for vehicle leasing processes.
- Continued expansion of electric vehicle leasing options.
- Potential impacts of regulatory changes and environmental policies.
- Growth opportunities in Eastern European markets due to economic development.
Top countries in Wages and Salaries of Renting and Leasing of Motor Vehicles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 22.84 | 2023 | +1.93% | +1.79% | View data |
| 2 | 2 Germany | 19.44 | 2023 | +4.34% | +2.56% | View data |
| 3 | 3 France | 16.73 | 2023 | +4.49% | +8.97% | View data |
| 4 | 4 Spain | 8.7 | 2023 | +12.44% | +7.31% | View data |
| 5 | 5 Italy | 6.7 | 2023 | +11.46% | +6.33% | View data |
| 6 | 6 Netherlands | 4.76 | 2023 | +2.89% | +1.54% | View data |
| 7 | 7 Poland | 2.93 | 2023 | +16.52% | +11.94% | View data |
| 8 | 8 Belgium | 2.3 | 2023 | +2.45% | +5.37% | View data |
| 9 | 9 Denmark | 2.03 | 2023 | +12.81% | +11% | View data |
| 10 | 10 Portugal | 1.64 | 2023 | +9.07% | +6.92% | View data |
