From 2013 to 2023, there has been a significant decline in the turnover of renting and leasing of air transport equipment in Italy, which has fallen from 136.7 million Euros in 2013 to just 41 million Euros in 2023. The segment saw its highest value in 2013, followed by year-on-year fluctuations, with notable drops, especially in 2021 and 2022. Over the last five-year period leading up to 2023, the segment experienced an average annual decline (CAGR) of -13.4%.
Forecasted data from 2024 to 2028 indicate a further sharp decrease, with a forecasted five-year CAGR of -34.35%, suggesting a total contraction of around 87.8% by 2028, reaching only 4 million Euros. This indicates strong downward pressure on the market, which is expected to continue to erode significantly in the coming years.
Key future trends to watch for:
- Technological advancements and their impact on leasing demand
- Regulatory changes at the European level
- Impacts from the current economic climate and airline industry dynamics
- Potential shifts in business models such as increased ownership versus leasing
