Forecast: Number of Enterprises in Renting and Leasing of Motor Vehicles Sector in Brazil

As of 2023, the number of enterprises in Brazil's renting and leasing of motor vehicles sector stood at approximately 6.87 thousand. From 2024 to 2028, a slight annual decline is forecasted, with the number of enterprises decreasing from 6.83 thousand to 6.66 thousand. This demonstrates a gradual trend of contraction in the market, with a compound annual growth rate (CAGR) of approximately -0.6% over the five-year forecast period. The year-over-year decrease varies closely, indicating a consistent downward trajectory.

Future trends to watch for include:

  • Technological advancements in fleet management and car-sharing models may influence market demand.
  • Regulatory changes in environmental policies could impact the sector's growth, especially concerning electric vehicles.
  • Economic conditions and consumer preferences may further shift the demand for rental services.

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