A comprehensive analysis of the turnover in the Renting and Leasing of Motor Vehicles sector in France reveals varying trends from 2013 to 2023. The sector experienced fluctuations with notable spikes in 2017 and 2020, and moderate growth over the last two years, achieving a sector value of €15.08 billion in 2023.
The year-on-year variation over the last two years showed a slight rebound in 2022 with a 2.02% increase, followed by a 1.96% increase in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 4.18%. Looking forward, the forecast indicates a steady growth trend with an anticipated 7.3% increase over the next five years at a 1.42% CAGR.
Future trends to watch for:
- Technological advancements in vehicle leasing platforms.
- Increasing demand for electric and hybrid vehicles.
- Regulatory changes and environmental policies affecting the industry.
- Impact of macroeconomic factors such as inflation and interest rates.
