European Leasing Market Overview in 2024

Leaseurope, the trade association representing the European leasing and automotive rental industries, has released European leasing market figures for the year of 2024. The European leasing market saw steady but slower expansion in 2024.

The 2024 Annual Statistical Enquiry showed that total new leasing volumes in Europe reached nearly €454 billion in 2024, marking a 3.1% increase compared to 2023. The number of newly signed leasing contracts in 2024 rose by 3.0%. The portfolio of outstanding leased assets across Europe grew to €1,008 billion by the end of 2024, representing a 4.9% increase over the previous period.

Growth was recorded across most regional clusters, though the pace varied between markets. Central and Eastern Europe (CEE) emerged as the strongest performer, posting a double-digit rise of more than 10% in new leasing volumes. Other regions experienced steadier, moderate increases, while Italy and Germany were the only major markets to register declines in 2024.

Automotive remained the leading asset category in 2024, accounting for 75% of total new business volumes, or approximately €338 billion. Growth within this segment was driven by a 4.4% increase in passenger cars and a 5.7% rise in commercial vehicles. Other equipment also performed strongly, up by 6.6%, while machinery and industrial equipment remained broadly stable. In contrast, ICT assets declined by -6.8%, and big-ticket segments such as ships, planes, and rail experienced a sharper -20.6% drop. Real estate leasing also saw a modest contraction of -1.5%.

Summary results from the 2024 Annual Statistical Enquiry are available here.