The turnover of the renting and leasing of air transport equipment in Spain has shown a consistent upward trend from 2016 to 2023. The value in 2023 stood at 774.3 million euros, with the last two years showing annual year-on-year variations of 10.25% in 2023 and 11.49% in 2022. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 is 11.92%, reflecting robust growth.

Notably, the period between 2019 and 2021 saw significant spikes, with year-on-year growth reaching 38.78% in 2019 and a further increase to 14.05% in 2021. Future projections suggest a continuous growth trend, reaching 1130.0 million euros by 2028, supported by a forecasted 5-year CAGR of 5.94%.

Future Trends to Watch for:

Technological advancements in air transport equipment enhancing efficiency and attractiveness for leasing.
Increased demand from both commercial and private aviation sectors driving growth.
Regulatory changes impacting the leasing agreements and overall market dynamics.
Evolving market for sustainable and eco-friendly air transport solutions.