The European car and light motor vehicle rental and leasing market saw varied performances across countries in 2023. Germany dominated with a turnover of €39.57 billion, followed by the UK and France. Notably, Spain and Poland experienced double-digit growth, marking 13.87% and 13.27%, respectively. Smaller markets like Slovenia and Bulgaria showed significant growth, highlighting emerging opportunities. In contrast, Greece faced a decline of 1.09%, indicating challenges in its market.
Future trends suggest increasing demand for electric and hybrid vehicle leasing, influenced by environmental policies and technological advancements. A shift towards short-term rentals driven by urban mobility solutions may also transform the market landscape. Continuous digitalization is expected to enhance customer experience and operational efficiencies across countries.
Top countries in Turnover of Renting and Leasing of Cars and Light Motor Vehicles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 39,570 | 2023 | +6.25% | +7.03% | View data |
| 2 | 2 United Kingdom | 19,260 | 2023 | +2.15% | +2% | View data |
| 3 | 3 France | 13,840 | 2023 | +2.82% | +6.39% | View data |
| 4 | 4 Italy | 10,390 | 2023 | +9.6% | +6.31% | View data |
| 5 | 5 Netherlands | 8,590 | 2023 | +2.44% | +3.18% | View data |
| 6 | 6 Spain | 8,310 | 2023 | +10.27% | +13.87% | View data |
| 7 | 7 Belgium | 5,260 | 2023 | +2.82% | +4.5% | View data |
| 8 | 8 Poland | 3,260 | 2023 | +19.3% | +13.27% | View data |
| 9 | 9 Portugal | 2,370 | 2023 | +10.17% | +3.71% | View data |
| 10 | 10 Denmark | 1,750 | 2023 | +8.01% | +10.94% | View data |
