Employment in Brazil's road passenger transport sector has shown a mostly declining trend from 2013 to 2023. The year 2013 had 375.51 thousand jobs, peaking slightly in 2014, then steadily decreased to 351.05 thousand in 2023. Over the last two years, the market saw minor reductions of around 0.46% annually. The five-year CAGR until 2023 was -0.24%, indicating a gradual decline in employment.
Forecasts predict a continued decrease in employment, with projected figures showing a drop to 342.57 thousand jobs by 2028. The five-year CAGR forecast is -0.39%, suggesting continuing but slow annual declines. By 2028, the workforce reduction rate will be approximately 1.92%.
Future trends to watch for include technological advancements in transport, potential shifts toward electric and autonomous vehicles, and their impact on employment. Government policies promoting infrastructure development and sustainable transport solutions could also influence the sector's employment landscape.
