The production in the renting and leasing of motor vehicles sector in Finland has shown steady growth from 2013 to 2023. The value stood at €999.5 million in 2023, reflecting consistent growth with a few fluctuations. From 2021 to 2023, year-on-year increases were 4.2%, 3.55%, and 3.39%, indicating a stable upward trend. The 5-year Compound Annual Growth Rate (CAGR) as of 2023 is 3%, demonstrating moderate annual growth.
Forecasts from 2024 to 2028 suggest continued growth, with values expected to rise to €1160 million by 2028. The estimated 5-year CAGR of 2.34% and total growth rate of 12.24% indicate sustained, albeit modest, growth ahead.
Future trends to watch for include potential impacts from advancements in electric vehicle technology, changes in consumer leasing preferences, and regulatory shifts favoring green mobility solutions. These factors could significantly influence market dynamics and growth trajectories in the coming years.
