The renting and leasing of trucks in Spain have experienced significant growth from 2016 to 2023, standing at 376.7 million Euros in 2023. The most notable increase was in 2017 with a year-on-year variation of 47.25%, followed by fluctuations in annual changes with a CAGR of 4.88% over the last 5 years. From 2021 to 2023, the year-on-year variations were 8.55%, 3.5%, and 2.7%, respectively. Future forecasts predict a deceleration in growth, with the CAGR from 2024 to 2028 expected to be 0.96%.
Future trends to watch for include:
- Potential disruptions and shifts in consumer behavior due to economic conditions
- Technological advancements impacting the leasing and rental market
- Regulatory changes affecting the transportation and logistics sectors