European Production of Rental and Leasing Services by Country

In 2023, Germany and France led the European production of rental and leasing services with values of €74.93 and €74.4 billion respectively. Ireland showed notable growth with a significant year-on-year increase of 5.62%, presenting the fastest growth rate among the countries analyzed. Belgium followed closely with a growth rate of 5.39%, while Greece was the only country to experience a decline of 0.89%. Over the past five years, Europe has witnessed a steady growth trend in rental and leasing services, despite some regional variations. This overarching growth is underscored by positive compound annual growth rates across most countries.

Future trends to watch in the European rental and leasing services sector include increased digital transformation, heightened competition leading to strategic alliances, and growth in sustainable and environmentally conscious leasing options. Additionally, observing changes in regulatory environments and economic developments will be crucial in anticipating shifts in market dynamics across different countries.