The internal tourism consumption of transport equipment rental services in South Africa saw fluctuations from 2013 to 2023, with values expressed in Billion South African Rands peaking at 15.35 in 2023. The year-on-year variations showcased significant growth periods and some declines. From 2019 to 2020, there was a notable decline of 16.32%, primarily due to the pandemic. However, the market rebounded with a 13.48% increase in 2021 and a robust 4.09% in 2023. The 5-year CAGR from 2019 to 2023 stood at an optimistic 6.93%.

Looking ahead, forecast data from 2024 to 2028 indicate continued growth, albeit at a more tempered 5-year CAGR of 2.97%, translating to a forecasted overall growth rate of 15.77% by 2028.

Future trends to watch for include:

Technological advancements in rental services facilitating seamless consumer experiences.
Potential economic conditions impacting both domestic travel behavior and discretionary spending.
Environmental policies influencing a shift towards greener, more sustainable transport rental options.