The turnover of renting and leasing of trucks in Spain has shown a generally upward trend from 2016 to 2023, with value standing at 377.0 million euros in 2023. Observing a significant peak in 2017 with a year-on-year growth of 46.66%, the market then saw fluctuations and a steady increase in more recent years. Between 2021 and 2023, the year-on-year variations were 7.55%, 3.5%, and 2.7%, respectively, indicating a deceleration in growth. The Compound Annual Growth Rate (CAGR) over the past five years stands at 4.56%. Forecasts from 2024 to 2028 suggest a moderate growth rate with an anticipated CAGR of 0.95% and a forecasted value of 403.6 million euros by 2028.
Future trends to watch for include:
- Potential economic fluctuations affecting demand for truck leasing.
- Technological advancements and their impact on the truck leasing market.
- Regulatory changes related to emissions and the adoption of electric trucks.
- Shifts in consumer behavior towards ownership versus leasing.
