The turnover for renting and leasing of cars and light motor vehicles in the UK is projected to grow steadily from 2024 to 2028, reaching 21.17 billion Euros. Compared to the 18.5 billion Euros recorded in 2023, the industry shows promising growth, with an average Compounded Annual Growth Rate (CAGR) of about 3.25% over these five years.

Key trends to watch include:

Increased demand for electric and hybrid vehicle leasing due to environmental concerns and regulatory push.
Innovations in digital platforms enhancing customer experience and operational efficiency.
The potential impact of inflation on lease costs and consumer spending power.