European Rental and Leasing Services Output Share by Country (Million Euros)

The European Rental and Leasing Services sector shows a varied landscape in terms of output share across countries. Germany, France, and the United Kingdom lead in the sector, but other countries like the Netherlands and Ireland have shown significant growth, with year-on-year fluctuations exceeding 6%. Switzerland recorded a notable increase of 11.76% in 2023, indicating robust market dynamics. Emerging markets such as Lithuania and Malta experienced remarkable growth, with Malta achieving over 15% year-on-year variation. Additionally, a few countries, such as Norway and Hungary, saw slight declines, reflecting diverse market trends.

Future trends to watch include:

• Continued growth in countries like the Netherlands and Ireland, driven by strong economic factors and demand recovery.
• Potential for further consolidation in leading markets such as Germany and France.
• Increased focus on digitalization, which could enhance efficiency across the sector.
• Environmental and sustainable practices becoming central, possibly affecting operational modes and customer preferences.