The forecast for employment in the UK car and light motor vehicle renting and leasing sector shows a steady growth trajectory from 2024 through 2028. Starting at 45,010 in 2024, employment is projected to increase to 47,670 by 2028. In the preceding year, 2023, the sector employed 44,350 individuals. Year-on-year growth rates are consistent, noting a range from approximately 1.54% to 1.74% annually. The Compound Annual Growth Rate (CAGR) between 2024 and 2028 is expected at around 1.45%, highlighting a moderate but stable expansion in employment within the sector over this period.

Future trends to watch for include:

The impact of environmental regulations on car rental and leasing, potentially diversifying fleet compositions toward more sustainable options.
Technological advancements, like autonomous vehicles, that could reshape operational models and staffing needs.
Market dynamics such as shifts in consumer behavior from ownership to usage-based models that could further drive demand in this sector.