Forecast: Turnover of Renting and Leasing of Cars and Light Motor Vehicles in Italy

In 2023, the actual turnover of renting and leasing of cars and light motor vehicles in Italy stood at an estimated value of around 10.5 billion Euros. The forecast data from 2024 to 2028 show a steady year-on-year increase, indicating a strong growth trend in this sector. The annual percentage increases are expected as follows: 6.5% from 2024 to 2025, 5.8% from 2025 to 2026, 5.4% from 2026 to 2027, and 5.0% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years will average around 5.49%.

Future trends to watch for include:

  • Increased demand for flexible mobility solutions spurred by urbanization and changing consumer preferences.
  • Technological advancements such as electric vehicles and digital platforms enhancing user experience and operational efficiency.
  • Potential economic fluctuations and regulatory changes impacting the automotive and rental markets.

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