The analysis of European turnover for renting and leasing motor vehicles shows diverse growth trends across countries. In 2023, Germany led with significant market strength, followed by the United Kingdom and France. Noteworthy growth was observed in Poland, Denmark, and Bulgaria, with double-digit growth rates, while Switzerland also showed a strong uptrend. Overall, many smaller markets are experiencing rapid expansion, such as Slovenia and Lithuania, signifying a dynamic shift in the industry landscape. Conversely, the Czech Republic and Greece encountered slight declines.
Future trends to watch include shifts towards sustainable mobility solutions and the integration of digital platforms. As environmental regulations tighten, demand for electric and hybrid vehicles may increase. Additionally, the rise of flexible, app-driven rental services is poised to redefine the vehicle leasing experience, potentially driving growth across Europe, particularly in digitally mature markets.
Top countries in Turnover of Renting and Leasing of Motor Vehicles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38,120 | 2023 | +3.66% | +4.68% | View data |
| 2 | 2 United Kingdom | 22,410 | 2023 | +2.06% | +1.96% | View data |
| 3 | 3 France | 15,080 | 2023 | +1.96% | +4.18% | View data |
| 4 | 4 Italy | 10,840 | 2023 | +9.59% | +6.4% | View data |
| 5 | 5 Netherlands | 8,680 | 2023 | +2.21% | +2.68% | View data |
| 6 | 6 Spain | 8,250 | 2023 | +7.22% | +4.59% | View data |
| 7 | 7 Belgium | 5,440 | 2023 | +2.53% | +4.13% | View data |
| 8 | 8 Poland | 3,900 | 2023 | +14.11% | +10.52% | View data |
| 9 | 9 Portugal | 2,170 | 2023 | +4.88% | +0.96% | View data |
| 10 | 10 Denmark | 1,930 | 2023 | +7.94% | +10.94% | View data |
