In 2023, the renting and leasing of motor vehicles sector in Brazil employed approximately 69.8 thousand people. From 2024 to 2028, forecasts suggest a moderate year-on-year growth averaging around 2% as employment figures rise steadily from 70.98 thousand in 2024 to 76.09 thousand in 2028.
- Year-on-year variation: 2024 to 2025 shows a growth of 1.86%; 2025 to 2026 shows a growth of 1.78%; 2026 to 2027 shows a growth of 1.72%; and 2027 to 2028 shows a growth of 1.64%.
- The compound annual growth rate from 2024 to 2028 anticipates an average increase of about 1.8% per year.
Future trends to watch include technological advancements in vehicle management, the impact of economic conditions on consumer habits, and regulatory changes impacting the sector. Workforce demand may vary with shifts toward electric and autonomous vehicles, redefining roles and expertise needed.
