As of 2023, the turnover in the renting and leasing of motor vehicles sector in Brazil was valued at 27.95 billion Brazilian Reals. Forecasts indicate a steady growth trajectory, with the sector expected to reach 34.03 billion by 2028. Year-over-year, growth rates are consistently around 3-4%, pointing to a healthy and sustainable expansion in the sector. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be approximately 3.1%, reflecting consistent advancements in the industry.

Future trends to watch for include:

The rise of technology-driven services and digital platforms enhancing rental and leasing processes.
Increased adoption of electric and sustainable vehicles in the leasing fleet.
Changing consumer preferences towards shared and subscription-based vehicle use models.
Potential impact of economic factors or regulatory changes on market dynamics.