In 2023, the gross value added (GVA) of transport equipment rental services in Australia's tourism sector stood at 1.14 billion Australian Dollars. According to forecasts, this GVA is expected to rise to 1.16 billion in 2024, progressing annually to 1.23 billion by 2028. The year-on-year variations indicate modest but steady growth: 1.72% from 2024 to 2025, 1.69% from 2025 to 2026, 0.83% from 2026 to 2027, and 1.65% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) stands at approximately 1.54%.
Future trends to watch for include digital transformations in the transport rental sector, sustainable and electric vehicle adoption, and the evolving preferences of eco-conscious tourists. Monitoring these trends will be crucial for understanding and leveraging the sector's potential growth drivers.
