Employment in the Renting and Leasing of Motor Vehicles sector in Italy has shown a general upward trend from 2013 to 2023, growing from 6.55 thousand full-time equivalents (FTEs) in 2013 to 12.64 thousand FTEs in 2023. Notable fluctuations include a significant drop in 2020 due to the pandemic (-20.2% year-on-year), followed by a strong rebound. The recent period, particularly from 2021 to 2023, witnessed an average annual increase of 5.91%, reflecting a robust recovery and growth within the sector.
Looking forward, the forecast indicates a continued positive trajectory, with employment expected to reach 16.36 thousand FTEs by 2028. The forecasted 5-year CAGR stands at 4.07%, suggesting consistent growth driven by increasing demand for rental and leasing services, likely fueled by shifts towards shared mobility and changing consumer behavior.
Future trends to watch for include the impact of electric vehicles (EVs) on the rental market, advancements in digital and mobility solutions enhancing customer experience, and potential regulatory changes affecting the automotive industry, all of which could influence employment dynamics in the sector.
