The production value in the renting and leasing of motor vehicles sector in Italy has shown a mixed trend over the period from 2013 to 2023. In 2023, the value stood at 9.8 billion Euros. The sector saw growth from 2014 to 2019, with notable increases, particularly in 2017 (9.29%) and 2019 (10.85%). However, there was a downturn in 2020 (-8.6%) due to likely external disruptions. Recovery commenced in 2021 (5.67%), maintaining stability in the subsequent years. Over a 5-year period ending in 2023, a moderate CAGR of 2.36% was observed.
Future trends based on forecast data indicate a stable yet modest growth trajectory, with a forecasted 5-year CAGR of 1.71%. By 2028, the sector is expected to grow by 8.85% compared to 2023. Key trends to watch for include potential impacts of evolving vehicle technology, regulatory changes, and shifting consumer preferences towards eco-friendly vehicle options.
