The production value of renting and leasing motor vehicles in Italy saw notable fluctuations from 2013 to 2023. It experienced an overall growth trajectory, reaching €9.82 billion in 2023. The year-on-year variations indicate periods of both growth and decline. The most pronounced annual growth occurred in 2018 and 2019, both above 10%. However, a significant dip was observed in 2020 due to the pandemic, with an 8.6% decrease. The compound annual growth rate (CAGR) over the last five years leading up to 2023 is 2.39%.
Future trends to watch for include:
- Continued growth at a forecasted 5-year CAGR of 1.7% from 2023 to 2028.
- Gradual increase in production value, expected to reach €10.93 billion by 2028.
- Potential market adjustments or growth fluctuations due to economic, technological, and regulatory changes.
