The Transport Equipment Rental industry in South Africa stood at 10,870 jobs in 2023. From 2013 to 2023, the industry experienced significant fluctuations, with a notable decline from 2013 to 2014 followed by a period of modest recovery and stabilization. The year-on-year variation for 2022 was 1.54%, and for 2023 it was 1.48%. The average variation per year over the last five years (CAGR) is -0.95%.

Future trends to watch for include:

Continued gradual recovery and growth, with an anticipated 5-year CAGR of 1.05% leading up to 2028.
Potential influence of technological advances in transport equipment and rental systems on employment patterns.
Regulatory changes and economic conditions impacting the demand for transport equipment rental services.