From 2013 to 2023, the turnover for renting and leasing of motor vehicles in Finland has shown a steady upward trend, rising from 632.6 million Euros to 1070.0 million Euros. The annual year-on-year variation during this period exhibits moderate fluctuations, with standout increases such as the 25.8% rise in 2017 and minor declines like the 3.34% drop in 2020. Over the last five years leading to 2023, the average annual growth rate (CAGR) was 2.62%.
In 2023, the turnover reached 1070.0 million Euros, marking a 3.42% increase from the previous year. Looking into the forecasted data from 2024 to 2028, the turnover is expected to continue its growth trajectory, with a forecasted CAGR of 2.4%, projecting to reach 1240.0 million Euros in 2028, reflecting a cumulative growth of 12.59% over these five years.
Future trends to watch for:
- Impact of economic fluctuations on consumer spending and business investments in vehicle rentals and leasing.
- Technological advancements and their influence on the industry, including the adoption of electric vehicles and digital leasing platforms.
- Shifts in consumer preferences towards sustainable and flexible mobility solutions.
- Regulatory changes and incentives driving the uptake of eco-friendly vehicles.
