The UK motor vehicles renting and leasing sector is projected to grow steadily from 2024 to 2028, with turnover expected to increase from £21.25 billion to £23.45 billion. The year-on-year growth rate ranges from 2.64% to 2.37%. These figures mark a positive trajectory past 2023, culminating in a modest compound annual growth rate (CAGR) over this five-year forecast period.

Future trends to watch for include:

Potential impacts of electric vehicle adoption on rental and leasing models.
The influence of broader economic conditions and consumer spending behavior changes.
Digital transformation in customer service and fleet management within the sector.