As of 2023, the ownership of goods road motor vehicles in Italy stood at 88.8 units per thousand persons. Between 2024 and 2028, this figure is projected to increase gradually from 89.4 to 91.53 units per thousand persons. The year-on-year percentage growth in ownership is modest, reflecting a stable upward trend with an average annual growth rate (CAGR) of approximately 0.49%. This forecast indicates consistent, albeit slow, growth in vehicle ownership.
Future trends to watch for include:
- Impact of technological advancements and electric vehicles on ownership patterns.
- Possible regulatory changes influencing vehicle ownership and emissions standards.
- Economic factors affecting consumer purchasing power and auto sales in Italy.
- Urbanization trends that might promote shared mobility over individual vehicle ownership.
