The turnover of renting and leasing of air transport equipment in Austria has shown significant variability over the past decade. The period from 2013 to 2023 saw considerable fluctuations, including sharp increases in 2014 and 2018, and notable declines in 2015, 2019, and 2020. As of 2023, the turnover stood at 252.8 million Euros, indicating stability but also a slight decline from the previous two years.
In 2023, the year-on-year variation was -0.67%, preceded by a -0.78% change in 2022, reflecting a relative stabilization in the market. The Compounded Annual Growth Rate (CAGR) over the last five years was -0.37%, suggesting an overall stagnation in the market. Forecasts for the next five years predict a gentle decline, with a CAGR of -0.37% anticipated by 2028.
Future trends to watch for include potential impacts of technological advancements in air transport, the global economic environment, and changing regulations that could either inhibit or encourage growth in the renting and leasing market for air transport equipment in Austria. Keeping an eye on these factors will be crucial for anticipating market shifts.
