In 2023, employment in the transport equipment rental sector in Brazil stood at 49.56 thousand jobs, witnessing a steady growth pattern since 2021. The year-on-year employment variation showed consistent growth, albeit at a modest pace: 1.29% in 2023, following a rise of 1.33% in 2022 and 1.38% in 2021. Over the last five years, the sector experienced a Compound Annual Growth Rate (CAGR) of 4.05%.
Looking forward, from 2024 onwards, the employment trend is expected to maintain a gradual upward trajectory, with forecasted data indicating a projected increase to 52.84 thousand jobs by 2028. The forecasted 5-year CAGR is 1.01%, suggesting a relatively stable growth rate.
Future trends to watch for:
- Potential impacts of new regulations in the transport sector
- Adoption of innovative technology and its effect on employment numbers
- Economic factors influencing rental demands and subsequent employment
