The turnover for renting and leasing of motor vehicles in France has shown a volatile trend over the past decade. Between 2013 and 2016, the market experienced modest growth. However, in 2017, there was a significant spike of 51.5%, followed by a steep decline of 30.41% in 2018. The market rebounded in 2019 and 2020, with notable year-on-year increases of 7.95% and 29.86%, respectively. However, a drop of 15.84% was observed in 2021. Since then, the market has stabilized, with smaller, yet positive growth percentages in 2022 and 2023, standing at 15.08 billion euros in 2023. The forecast for the next five years indicates a steady CAGR of 1.42%, with the market expected to reach 16.49 billion euros by 2028.
Future trends to watch for:
- Continued stability in the market with moderate growth.
- Potential impacts of shifts in consumer preferences toward electric vehicles.
- Technological advancements in vehicle telematics and fleet management solutions.
- Regulatory changes and environmental policies influencing vehicle renting and leasing markets.
- Exploration of new business models such as subscription-based services.
