Leaseurope, a trade association that represents the leasing and automotive rental sectors in Europe, has published its annual statistics for the leasing market for 2024.

The findings indicate a steady and slower growth trajectory for the industry.

The 2024 Annual Statistical Enquiry revealed that total new European leasing volumes approached €454bn ($526.80bn), which represents a 3.1% increase from 2023. In addition, new leasing contracts signed saw a 3% increase.

By the close of 2024, the portfolio of outstanding leased assets in Europe reached €1tn, marking a 4.9% rise compared to the prior period.

Growth was noted across various regional clusters, although the rate of increase differed among markets.

Central and Eastern Europe (CEE) stood out as the strongest region, achieving a double-digit growth of more than 10% in new leasing volumes.

Other areas saw moderate increases. The only significant markets to report declines in 2024 were Italy and Germany.

The automotive sector remained the predominant asset category, constituting 75% of total new business volumes, or around €338bn.

This segment benefited from a 4.4% increase in passenger cars and a 5.7% surge in commercial vehicle leasing.

Other equipment leasing also showed positive results, increasing by 6.6%, while machinery and industrial equipment remained steady.

Conversely, ICT assets experienced a decline of -6.8%, and larger segments such as planes, ships and rail saw a notable decrease of -20.6%.

Real estate leasing also recorded a slight contraction of -1.5%.

In June 2025, Leaseurope released the results of its Q4 2024 Leaseurope Index, part of its quarterly survey.

This survey evaluates key performance indicators (KPIs) from a selection of 19 European leasing companies and reveals diverse results within the leasing sector, highlighting differences in key ratios and business volumes.