In 2023, the number of regular employees in the automobile rental industry in Japan stood at 46.69 thousand persons. The forecasted data indicates a steady increase of regular employees from 2024 to 2028, starting at 47.12 thousand in 2024 and reaching 48.82 thousand by 2028. This represents a year-on-year increase within the range of approximately 0.93% to 0.85% during this period. The compound annual growth rate (CAGR) over these five years stands at around 0.86%, indicating a modest but consistent growth trend.
Future trends to watch for:
- Impact of evolving consumer preferences and technology on the automobile rental industry.
- Potential market disruptions from ride-sharing and car-sharing services.
- Regulatory changes influencing employment in the industry.
- Impact of economic factors and travel-related trends on demand for rental services.