The employment in the renting and leasing of motor vehicles sector in France has demonstrated a fluctuating but overall upward trend from 2013 to 2023. Notably, there was significant growth in 2017 (49.85%) and 2020 (27.58%), contrasted by declines in 2018 (-27.71%) and 2021 (-12.03%). The employment stood at 27.22 thousand in 2023, marking a 3.11% increase from 2022. Over the past five years, the sector experienced an average annual growth rate (CAGR) of 5.44%. Moving forward, employment is forecasted to continue growing, reaching 31.2 thousand by 2028, with a forecasted five-year CAGR of 2.16%.
Future trends to watch for:
- Technological advancements in vehicle rental systems and fleet management.
- The shift towards environmentally friendly and electric vehicle fleets.
- Market adaptations to changing consumer behavior post-COVID-19 pandemic.
- Regulatory changes impacting the automotive rental and leasing sector.
