Employment in Germany's vehicle renting and leasing sector has shown significant fluctuations over the past decade. Employment increased substantially from 17.15 thousand FTEs in 2013 to 28.1 thousand in 2018, with a notable peak in 2018. The years 2020 and 2021 saw a downturn and a recovery, respectively. Recent forecasts suggest a steady growth pattern, with a 2023-2028 CAGR of 4.93% and a forecast growth rate of 27.18% by 2028.
Year-on-Year Variation (%)
- 2022: 13.09%
- 2023: 10.79%
Future Trends to Watch
The future trends to watch for include the impact of technological advancements, increasing demand for electric vehicles, regulatory changes, and shifts in consumer behavior towards car sharing and leasing rather than ownership. These factors will be crucial in shaping the employment landscape in the sector.
