The internal tourism consumption of transport equipment rental services in Australia showed steady growth from 2013 to 2018, peaking in 2018 at AUD 1.89 billion, then sharply declined in 2019 and further plummeted in 2020 due to external factors likely related to the pandemic. A strong recovery began in 2021, and by 2023, the value was AUD 1.73 billion, just shy of 2018’s peak. The year-on-year growth between 2022 and 2023 was a modest 0.41%. The five-year CAGR leading up to 2023 is -1.81%, indicating overall market contraction in recent years. Forecasts suggest a gradual recovery with an average annual growth rate of 0.34%, reaching AUD 1.75 billion by 2028.

Future trends to watch for include:

Impact of emerging sustainable tourism practices on transport rental services.
Integration of digital technologies and shared mobility services in the rental market.
Economic recovery and its effects on domestic tourism spending.