The turnover for renting and leasing construction and civil engineering machinery and equipment in France is forecasted to decrease gradually from 2024 to 2028, dropping by approximately 1.7% over the period. In 2023, the market stood at an estimated 4.05 billion euros. The year-on-year decline is subtle, indicating stable yet slightly contracting market conditions. The five-year compound annual growth rate (CAGR) reflects a modest average decline each year.
In terms of future trends to watch for:
- Potential technological advancements in machinery making leasing more attractive.
- Environmental regulations influencing the demand for newer, efficient machinery.
- Economic fluctuations impacting construction investments and machinery needs.