The turnover of renting and leasing of trucks in the UK exhibited variability over the past decade. Starting in 2013 with 2.48 billion Euros and showing strong growth in 2014 with a 23.42% increase, the trend saw fluctuations, dipping notably in 2016 by 13.05%. Growth stabilized somewhat in the following years, with modest positive changes from 2018 onwards. By 2023, the turnover had reached 3.15 billion Euros, reflecting an annual growth of 1.53%. The compound annual growth rate (CAGR) over the last five years was 1.75%, indicative of steady, albeit slow, growth.
Future trends to watch for include the forecasted growth rate of 1.08% annually over the next five years, leading to a turnover of 3.37 billion Euros by 2028. This is aligned with a forecasted 5.54% growth rate by 2028. Key factors impacting future trends include advancements in electric truck leasing, the ongoing shift towards sustainable transportation solutions, and economic conditions influencing business investments in leasing services.
