In 2023, Italy led with 57 high-growth enterprises in motor vehicle renting and leasing, followed by Portugal with 37, and Hungary with 33. Noticeably, Italy and Hungary experienced significant year-on-year growth rates of 16.12% and 17.08% respectively. Slovakia saw a remarkable increase at 24.57%, reflecting robust development in the sector. Conversely, growth was stagnant in the Czech Republic. The five-year CAGR indicates a strong trajectory, especially for growth-oriented Eastern European countries.
Future trends to watch include technological advancements in leasing systems and increased adoption of sustainable vehicles. Additionally, shifts in consumer preferences toward environmentally friendly options in mobility solutions might further drive growth across Europe.
Top countries in Number of High Growth Enterprises in Renting and Leasing of Motor Vehicles by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 57 | 2023 | +26.67% | +16.12% | View data |
| 2 | 2 Portugal | 37 | 2023 | +27.59% | +8.16% | View data |
| 3 | 3 Hungary | 33 | 2023 | +10% | +17.08% | View data |
| 4 | 4 Lithuania | 16 | 2023 | +6.67% | +5.33% | View data |
| 5 | 5 Romania | 13 | 2023 | +18.18% | +5.39% | View data |
| 6 | 6 Czech Republic | 9 | 2023 | 0% | 0% | View data |
| 7 | 7 Slovakia | 9 | 2023 | +12.5% | +24.57% | View data |
| 8 | 8 Norway | 7 | 2023 | +16.67% | +11.84% | View data |
| 9 | 9 Iceland | 6 | 2023 | +50% | +3.71% | View data |
| 10 | 10 Latvia | 5 | 2023 | +25% | +10.76% | View data |
