In 2024, the number of establishments in the support activities for the oil and gas extraction sector in Brazil is forecasted at 166.59. Compared to 2023, a decline is anticipated, continuing with negative trends for the subsequent years: a decrease to 159.15 in 2025, 151.85 in 2026, 144.7 in 2027, and finally 137.7 in 2028. This represents a consistent year-on-year decline, average companies diminishing over 5% annually as indicated by a negative CAGR for the period of 2024 to 2028.

Future trends to watch for:

Technological advancements potentially reducing the number of needed establishments.
Shifts in Brazil's energy policy and investments towards renewable sources affecting industry dynamics.
Global oil price fluctuations impacting the financial viability of new entrants and existing players.