The European vehicle renting and leasing sector experienced varied employment growth from 2019 to 2023, with the UK leading at 55.14k employed in 2023. Strong growth was seen in Greece (8.13%), France (4.99%), Romania (5.27%), Lithuania (4.97%), and Serbia (5.89%). Poland also maintained notable growth at 3.43%, and Germany at 3.83%. In contrast, the Czech Republic and Slovakia saw contractions of 2.61% and 0.55%, respectively. Challenges in these countries may stem from market saturation or economic conditions.
Future trends to watch in 2024 include:
- Technological advancements impacting operational efficiencies and employment needs.
- Increasing demand for eco-friendly vehicles influencing market dynamics.
- Economic conditions, which could alter consumer and business behaviours, impacting employment variability across countries.
Top countries in Number of Persons Employed of Renting and Leasing of Motor Vehicles by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 55,140 | 2023 | +1.49% | +0.32% | View data |
| 2 | 2 Germany | 50,220 | 2023 | +9.67% | +3.83% | View data |
| 3 | 3 France | 30,900 | 2023 | +3.03% | +4.99% | View data |
| 4 | 4 Spain | 23,080 | 2023 | +2.02% | +0.7% | View data |
| 5 | 5 Italy | 15,880 | 2023 | +2.11% | +2.27% | View data |
| 6 | 6 Poland | 13,710 | 2023 | +4.77% | +3.43% | View data |
| 7 | 7 Greece | 9,220 | 2023 | +13.35% | +8.13% | View data |
| 8 | 8 Netherlands | 8,390 | 2023 | +1.35% | +0.6% | View data |
| 9 | 9 Portugal | 7,900 | 2023 | +10.58% | +7.3% | View data |
| 10 | 10 Romania | 5,230 | 2023 | +4.04% | +5.27% | View data |
