As of 2023, the renting and leasing of motor vehicles sector in Italy employed 13,000 individuals. Forecasts indicate a steady growth in this sector, with employee numbers expected to increase to 14,570 by 2028. The year-on-year growth rates are projected to range from approximately 2.48% in 2024 to 2.18% in 2028.
The compound annual growth rate (CAGR) over this period is estimated at 2.30%. This steady increase reflects potential optimism in Italy’s economic environment, growing consumer preferences for renting and leasing over purchasing, and increasing trends in mobility solutions.
Future trends to watch for include:
- The adoption of electric vehicles and its impact on leasing demands
- Innovations in shared mobility and car-sharing platforms
- Potential regulatory changes impacting vehicle leasing practices
- Economic factors influencing consumer spending capacity on leasing services
