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.