Forecast: Turnover of Renting and Leasing of Trucks in Italy

In 2023, the turnover of renting and leasing trucks in Italy stood at EUR 390.8 million. Over the past two years, from 2021 to 2023, the sector experienced moderate growth, with a year-on-year increase of 5.83% in 2022 and 5.48% in 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 averaged at 5.66%, indicating a steady, albeit gradual upward trend.

From 2013 to 2023, the industry has seen periods of both rapid growth and slight declines. Noteworthy periods include a substantial increase between 2016 (4.28%) and 2017 (27.21%) and a significant yet temporary drop of -4.29% in 2020, likely due to the pandemic's impact.

Looking ahead, forecasts for 2024 to 2028 suggest a slowing growth rate with a forecasted five-year CAGR of 3.58%, projecting a turnover of EUR 489.8 million by 2028. This growth indicates sustained demand, albeit at a decelerated pace compared to previous years.

The industry should watch for future trends, including potential disruptions from evolving transportation technologies, regulatory changes, and shifts in market demand influenced by broader economic conditions. Emphasis on sustainability and the integration of electric trucks may also play a pivotal role in shaping the sector's trajectory.