In 2023, the turnover for renting and leasing of cars and light motor vehicles in Germany stood at approximately 39.7 billion euros. The forecasted data from 2024 to 2028 shows a steady increase with values rising from 41.88 billion euros in 2024 to 50.88 billion euros in 2028. This indicates a consistent year-on-year growth in the market.
- Year-on-Year growth percentages reflect an upward trajectory, with increases around 5% annually in the coming years.
- The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is projected to be approximately 5%, underlining sustained growth over this five-year period.
Future trends to watch include the increasing shift towards electric and hybrid vehicles, which may influence rental and leasing preferences. Additionally, technological advancements and digital platforms are likely to enhance user experience and operational efficiencies in the industry.
