The Rental and Hiring Services (Except Real Estate) sector in Australia saw a period of fluctuation from 2013 to 2023, peaking at 19.74 billion AUD in 2023. The sector experienced declines between 2014-2016, then a steady growth pattern emerged from 2017 onwards, with a significant surge of 30.37% in 2022, reaching 19.33 billion AUD, and a moderate increase of 2.11% in 2023. The average yearly growth (CAGR) over the past 5 years stands at 8.47%.

Future trends to watch for include:

A forecast CAGR of 1.93% over the next 5 years, signaling more stable yet slower growth.
Market value expected to climb to 22.3 billion AUD by 2028.
Potential impacts from technological advancements and shifts in consumer behavior.