Global Number of Persons Employed in Rental and Leasing Services Share by Country (Thousand Units (Persons))

The United States remains the dominant player with 43.32 thousand persons employed in rental and leasing services as of 2023, having experienced a minor growth of 0.46% over the previous year. The United Kingdom and Germany follow, with year-on-year increases of 1.95% and 0.93% respectively. Notably, Italy and Hungary saw the largest growth rates at 2.41% and 3.95%. In contrast, Spain and Australia experienced slight declines of 0.4% and 1.12%. Over the past five years, the sector has witnessed diverse trends across countries, with notable positive CAGRs in Poland and Ireland.

Looking ahead, several trends warrant close observation:

• The slow but steady growth in developed markets like the United States and United Kingdom is expected to persist.
• Emerging markets in Eastern Europe, such as Poland and Hungary, may continue to see significant workforce expansion.
• The potential impact of economic fluctuations and regulatory changes on employment levels across different regions remains a critical area of interest.