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2018 Leasing Facts & Figures

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About Leaseurope

Leaseurope brings together 45 member associations in 32 European countries representing the leasing, long term and/or short term automotive rental industries. In 2018, these associations represented over 1,700 leasing firms and more than 530 short term rental companies.

The scope of products covered by Leaseurope members ranges from hire purchase to finance and operating leases of all asset types (automotive, equipment and real estate) and also includes the rental of cars, vans and trucks. It is estimated that Leaseurope represented approximately 91% of the European leasing market in 2018.

For a copy of the Leaseurope's Facts & Figures consult here:

2018

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The European Leasing Market in 2018*

In 2018, total new leasing volumes worth €386.4 billion were granted by the firms represented through Leaseurope’s members. This represents an increase of 7.7%2 compared to 2017. The portfolio of leased assets (outstandings) in Europe grew by 6.4%, reaching €832.6 billion at the end of 2018. The UK was the largest European leasing market in 2018, with new volumes worth €91.9 billion, followed by Germany (€57.6 billion) and France (€56.2 billion).

The upturn of leasing business entered its sixth year, with most of the countries taking part in this survey enjoying positive results, except Greece, Slovakia, Turkey and the Czech Republic. About one third of the national markets experienced double digit growth. Notably the Netherlands, Poland, Russia and Bulgaria saw high increases in new volumes. The major leasing sectors, including automotive, machinery and industrial equipment, as well as computers and business machines, demonstrated strength and significantly contributed to the leasing market growth across the board.

During the year, European lessors granted new equipment (including vehicles) volumes of €371.8 billion and new real estate volumes of €14.5 billion. The equipment segment grew by 7.9% compared to the previous year, while real estate leasing saw a more modest increase of 2.5%.

In 2018, Leaseurope’s total penetration rate3, measured as the amount of overall new leasing volumes granted to businesses divided by investment in the 22 countries reporting, increased to 14.8% from 14.5% in 2017. When restricted to equipment and vehicles (i.e. excluding real estate from the calculation), the penetration rate stood at 25.9% compared to 25.0% in 2017.

 

 

 

(*) For details on participants and methodology, please consult the pdf file for 2018.

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Equipment and Vehicle Leasing

Automotive assets, i.e. passenger cars and commercial vehicles, accounted for 69% (€267.8 billion) of total new volumes granted during 2018, remaining the largest individual asset segment of the European leasing market. The passenger car sector performed well, growing by 7.2% and, according to Leaseurope estimates, European leasing and rental companies purchased over 9.2 million5 passenger cars in 2018. New leasing volumes for commercial vehicles also increased, albeit at a somewhat higher rate than for passenger cars, gaining 7.9% in 2018, to reach new leasing volumes of €70.4 billion.

Positive performance was observed in other equipment categories in 2018. The machinery and industrial equipment segment enjoyed another year of growth, expanding by 9.8% to reach 16% (€59.4 billion) of new equipment leasing volumes. The ships, aircraft, railway, and rolling stock segment and “other types of equipment”, which includes energy generating assets, such as photovoltaic panels, also saw an upturn, with each experiencing a rise of 14.5% and 3.3%, respectively. Another growth area was the leasing of computers and business machines, increasing by 8.4%.

Just under three quarters of new leasing volumes for equipment (including vehicles) were made to the private sector, with 25% granted to consumers and 3% to public authorities. Leasing to consumers was the only client category that has been steadily increasing since 2010.

As in previous years, the vast majority of new equipment and vehicle contracts (71.0%) were made for an original contract term between 2 to 5 years, with the average contract size being about €33,200, a 2.5% increase compared to 2017.

Real Estate Leasing

Real estate leasing saw some improvement in new volumes, growing by 2.5% in 2018 to reach €14.5 billion. The number of new contracts7 granted increased by 32.8%, mainly influenced by a rise of such contracts in Italy.

The largest segment of all property leases was industrial buildings, comprising nearly 37% of total new real estate leasing volumes. In 2018, new business in this segment declined by 6.4%. The negative performance was also observed in other segments of property leases, namely hotels and leisure buildings as well as utilities, contracting by 3.6% and 32.9%, respectively. In contrast, office buildings experienced growth of 24.0%, while retail outlets increased by 5.4%. The leasing of other types of buildings also saw some gains.

Short Term Car Rental

The short term car rental members reporting in the Leaseurope 2018 Annual Enquiry purchased nearly 550,000 cars during the year and, at year end, owned a fleet of about 532,000 cars. In total, the firms represented through these members made over 21.7 million individual rental contracts during the course of the year.

 

 

 

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