The turnover in the renting and leasing of motor vehicles sector in Denmark has shown consistent growth from 2013 to 2023, with the value standing at 15.13 billion Danish Krones in 2023. Over the past five years, the average annual growth rate (CAGR) was 12.06%. Year-on-year variations over the last two years stood at 10.41% in 2022 and 9.35% in 2023, indicating robust growth.
Forecast for 2024 and beyond suggests continued growth, with an expected turnover of 21.43 billion Danish Krones by 2028. The forecasted 5-year CAGR stands at 5.48%, with an overall growth rate of 30.6% over this period.
Future trends to watch for:
• Increasing adoption of electric and autonomous vehicles.• Technological advancements in fleet management and telematics.• Emerging business models focusing on mobility-as-a-service (MaaS).• Growing environmental regulations influencing vehicle leasing preferences.