The transport equipment rental employment sector in the US has seen considerable fluctuations over the past decade. Starting from 91,000 employees in 2013, the sector grew steadily till 2019, marking a significant jump in that year with a 13.27% increase. However, 2020 experienced a sharp decline in employment figures due to the pandemic impact. Recovery commenced in 2021 with a 14.02% year-on-year increase, reaching 117.44 thousand employees. By 2023, employment numbers rose to 134.53 thousand, indicating a 5.78% growth from the previous year. This positive trend is expected to continue with a 1.2% CAGR forecasted over the next five years, reaching 145.08 thousand employees by 2028.

Future Trends to Watch For:

Impact of economic recovery post-pandemic on employment growth.
Technological advancements and automation affecting job numbers.
Shifts towards sustainable transport options influencing employment trends.
Potential new regulations and policies in the transport sector.
The growing importance of the gig economy and its effect on traditional employment models.