In 2023, Poland dominated the European road freight volume in the renting and leasing sector with 640 million tonne kilometers, experiencing a 3.65% increase from the previous year. France followed with 430 million tonne kilometers. Noteworthy growth included Slovakia with a 16.12% rise and Spain, and Latvia both increasing by 24.57%. Conversely, Austria and Sweden witnessed declines of -17.11% and -20.1% respectively. Over the last five years, the average growth rate, or CAGR, has been varied across countries, indicating differing market dynamics.
Future trends to watch include the increased adoption of electric vehicles, the influence of regulatory changes on carbon emissions, and technology-driven efficiency improvements. Market participants should consider these factors to leverage opportunities and mitigate risks in this evolving sector.
Top countries in Road Freight Volume of Renting and Leasing of Cars and Light Motor Vehicles Sector by Country
| # | 10 Countries | Million Tonne Kilometers | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 640 | 2023 | +25.62% | +3.65% | View data |
| 2 | 2 France | 430 | 2022 | -68.29% | -27.86% | View data |
| 3 | 3 Lithuania | 79 | 2022 | +154.84% | View data | |
| 4 | 4 Slovakia | 52 | 2023 | -26.92% | +16.12% | View data |
| 5 | 5 Spain | 23 | 2023 | -34.78% | +24.57% | View data |
| 6 | 6 Austria | 18 | 2023 | -50% | -17.11% | View data |
| 7 | 7 Norway | 14 | 2022 | +600% | -10.95% | View data |
| 8 | 8 Romania | 12 | 2023 | 0% | -7.79% | View data |
| 9 | 9 Czech Republic | 9 | 2023 | -55.56% | -25.98% | View data |
| 10 | 10 Latvia | 3 | 2023 | 0% | +24.57% | View data |
