Between 2013 and 2023, Italy's motor vehicle renting and leasing market exhibited a general upward trend, despite occasional dips. The market value increased from 6.04 billion euros in 2013 to 10.84 billion euros in 2023, reflecting an overall positive trajectory.
During this period, the industry faced a notable decline in 2015 (-1.33%) and 2020 (-10.43%), likely due to economic fluctuations and the pandemic, respectively. However, recovery was swift, with significant growth, especially in 2021 (12.77%) and 2022 (11.56%). The average year-on-year variation over the last two years was solid, and the Compound Annual Growth Rate (CAGR) over five years remained strong, at approximately 6.4% until 2023.
Forecasts from 2024 to 2028 predict continued growth, with a CAGR of 4.47%, culminating in a market value of 14.4 billion euros by 2028. Key trends to watch include technological advancements like electric and autonomous vehicles, increased urbanization, and evolving consumer preferences towards flexible mobility solutions.
