The turnover of renting and leasing of air transport equipment in Finland has shown a significant declining trend from 2013 to 2023. In 2023, the value stood at 2.6 million Euros. Over this period, the largest year-on-year decline occurred between 2018 and 2019, where the turnover decreased by 50%. The compound annual growth rate (CAGR) for the five years leading up to 2023 was -7.79%. Between 2022 and 2023, there was a 10.34% decrease in turnover, highlighting the ongoing downward trend.
Looking towards future trends, the forecast from 2024 to 2028 suggests continued decline, albeit at a slightly lower rate with a forecast five-year CAGR of -7.79% and an overall forecasted decline of 33.33%. This trend could be attributed to market saturation, shifts in demand, or advancements in technology that reduce the need for rented or leased equipment.
Future trends to watch for:
- Technological advancements in air transport equipment that may reduce the dependency on leased equipment.
- Economic factors that might impact the demand for air transport services and subsequently the leasing sector.
- Regulatory changes that could affect operational costs for rental and leasing companies.
- Environmental and sustainability considerations that might drive changes in business models.
