From 2013 to 2023, the internal tourism expenditure on transport equipment rental services in France generally showed an upward trend, with significant growth starting in 2019. As of 2023, the expenditure stood at 8.61 billion Euros. This marked growth, particularly noticeable with a significant spike of 116.64% in 2019, followed by notable increases in subsequent years, demonstrated the sector's resilience and expanding demand. Over the last two years, the sector revealed a consistent growth with a year-on-year increase of 15.9% in 2022 and 13.58% in 2023. The compound annual growth rate (CAGR) over the past five years was a robust 26.33%.
Looking into the future, with forecasted data projecting continuous growth, the expenditure is expected to reach 13.61 billion Euros by 2028, suggesting a five-year CAGR of 7.16%, reflecting a sustainable growth trajectory. Key trends to watch for include technological advancements in transport services, increasing environmental concerns driving demand for eco-friendly rental options, and the impact of evolving consumer preferences on the tourism sector.
