The internal tourism expenditure on transport equipment rental services in South Africa stood at 15.35 Billion Rands in 2023. The trend from 2013 to 2023 shows a general upward trajectory with fluctuations. Year-on-year variations were notable with a significant rise in 2019 (21.94%) and a sharp decline in 2020 (-16.32%) due to likely external disruptions. The last two years observed a moderate increase with 15.96% in 2022 and 4.09% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged at 6.93%, indicating a consistent upward trend.

Future trends to watch for:

Forecasts suggest an average annual growth rate of 2.97% over the next five years, projecting the value to reach 18.43 Billion Rands by 2028.
The anticipated 15.77% growth over the next five years highlights a continued demand for transport equipment rental services among internal tourists.
Technological advancements and increased tourism infrastructure development could further drive this sector's growth.