Employment in Transport Equipment Rental in Italy stood at 13.92 thousand employees in 2023. Between 2015 and 2023, the industry saw steady growth, with a sharp increase in employment from 2017 to 2019 and slower growth from 2020 to 2023. Year-on-year variations for the last two years were 2.44% in 2022 and 2.33% in 2023. The five-year CAGR up to 2023 was 3.12%, indicating moderate growth.
Future trends suggest more modest growth with a forecasted five-year CAGR of 1.61% from 2024 to 2028, translating to an overall growth rate of 8.31% over this period. This reflects continually increasing demand for transport equipment rental, albeit at a slower pace.
Future trends to watch for:
- Technological advancements in the transport rental sector.
- Shifts in consumer preferences towards rental models.
- Regulatory changes impacting the transport industry.
- Economic factors affecting consumer and business spending.
