In 2023, the employment in the renting and leasing of motor vehicles sector in Switzerland was recorded at 1.94 thousand Full-Time Equivalents (FTEs). The forecasted data for the years 2024 through 2028 shows a positive growth trend.
The employment is expected to rise from 1.99 thousand FTEs in 2024 to 2.22 thousand FTEs by 2028. This represents an average annual growth rate (CAGR) of approximately 2.48% over the forecast period. Year-on-year, the employment is projected to increase by:
• 3.09% from 2023 to 2024
• 3.02% from 2024 to 2025
• 2.44% from 2025 to 2026
• 2.86% from 2026 to 2027
• 2.78% from 2027 to 2028
Future trends to watch for in this sector include the increasing adoption of electric vehicles, policy changes favoring sustainable transportation, and advancements in vehicle technology, which could further influence employment dynamics. Additionally, economic fluctuations and shifts in consumer preferences towards vehicle subscriptions over ownership could significantly impact the sector.
