The employment in the UK motor vehicle renting and leasing sector is projected to steadily increase from 2024 to 2028, reaching 58.96 thousand employees by 2028. The year-on-year growth rates suggest a consistent upward trend, indicating a healthy expansion of the sector. Compared to 2023 levels, the Compound Annual Growth Rate (CAGR) for this sector will likely maintain a stable and modest increase, reflecting sector resilience and an optimistic outlook.
Future trends to watch for include technological advancements such as AI-driven rental platforms and electric vehicle leasing which could further drive employment, alongside shifts towards sustainable and shared mobility solutions. Additionally, regulatory changes and consumer preferences shifts could impact growth dynamics.
