The employment in the Renting and Leasing of Motor Vehicles sector in Denmark has experienced a general upward trend from 2013 to 2023. Starting at 1.1 thousand FTEs in 2013, employment has steadily grown to reach 1.78 thousand FTEs by 2023. Notably, after a minor dip in 2020, the sector recovered and continued its growth trajectory.
Analyzing year-on-year percentages:
- 2022: 2.54%
- 2023: 2.48%
The sector's CAGR over the last five years stands at 2.91%, reflecting a stable and modest growth rate.
Projection for the next five years indicates a forecasted 1.72% CAGR, with an overall growth rate of 8.89% by 2028, anticipating a continuous but slower growth pattern.
Future trends to watch for:
- Increasing demand for sustainable and electric vehicle leasing options could drive new employment opportunities.
- Technological advancements in vehicle leasing systems, including digital platforms and AI, could reshape the workforce needs and skill requirements.
- Market consolidation and strategic partnerships may impact the employment landscape, fostering both growth and potential reductions in specific manual employment areas through automation.
