The production value of renting and leasing trucks in France has seen a fluctuating trend from 2013 to 2023. The value peaked in 2015, followed by a significant decline in 2017. Despite a brief recovery in 2018, the sector has experienced a steady downward trajectory, with a notable drop in 2019. As of 2023, the value stands at €0.819 billion, showing a substantial decline compared to previous years.
Key Year-on-Year variations:
- 2021 to 2022: -11.97%
- 2022 to 2023: -13.46%
Last five years CAGR: -14.82%
Future trends indicate a continued decline in the production value, with forecasted figures revealing a drastic reduction to €0.2012 billion by 2028. This translates to a negative CAGR of -21.91% over the next five years, indicating a 70.96% overall decrease.
Future trends to watch for:
- Increased focus on sustainable and electric vehicle rentals.
- Potential market consolidation to mitigate declining revenues.
- Integration of advanced telematics and digital platforms to enhance fleet management.
