The turnover of renting and leasing of trucks in Finland has experienced significant fluctuations over the last decade. Actual data from 2013 to 2023 showed a general downward trend, with intermittent recoveries. It peaked at €85.3 million in 2013, and as of 2023, it stood at €60.9 million. The most notable decline occurred in 2019 and 2020, with values dropping to €63.0 million and €56.2 million respectively. The last two years saw a decline with year-on-year percentage changes of -1.72% in 2022 and -3.03% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -5.03%, signalling a prolonged downward trend.
Looking forward, forecasted data from 2024 to 2028 suggest a continued decline. By 2028, the turnover is anticipated to drop to €44.5 million, with a forecasted 5-year CAGR of -5.03% and an overall decrease of -22.74% from 2024 levels. Future trends to watch for include market consolidation, potential impacts from environmental regulations, and shifts in demand due to technological advancements in the automotive and logistics industries.
