Forecast: Turnover of Renting and Leasing of Trucks in Denmark

The turnover of renting and leasing trucks in Denmark has shown considerable volatility over the past decade. Starting from 144.2 million euros in 2013, it experienced significant fluctuations, with notable decreases in 2014 and 2015 but a sharp recovery by 2020, peaking at 151.7 million euros. The data indicated a robust recovery post-2016 with a substantial rise in 2020 followed by a moderate decline and subsequent recovery to 137.9 million euros in 2023.

Year-on-year changes reveal a landscape marked by variability. The most significant annual growth occurred in 2020 with 28.56%, while 2021 saw a notable -14.57% decline. Over the last two years, the increases in 2022 and 2023 were moderate at 3.24% and 3.06%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years stands at a modest 5.09%, suggesting a general upward trend despite annual fluctuations.

Projection data from 2024 to 2028 suggest continued growth, albeit at a slower pace, with a forecasted 2.2% CAGR over the next five years, culminating in an 11.48% total growth by 2028. Key future trends to monitor include advancements in vehicle technology, shifts towards sustainable and eco-friendly leasing options, and evolving demands in the transportation and logistics sectors. These factors will likely shape the growth trajectory and the competitive landscape of the truck renting and leasing market in Denmark.