Mexico Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value includes car rentals for business, leisure purposes, and insurance replacement. Market volumes represent the size of the rental car fleet (absolute unit) within the respective countries. The calculation excludes leasing and long-term rentals. Taxis/cabs or other passenger vehicles driven by drivers are excluded from the calculation. Distribution channels are divided into airport and non-airport locations, with a focus on leisure and business segments. Other distribution channel represents the value of the fleet rented for insurance purpose.
- The Mexican car rentals market had total revenues of $561.2 million in 2022, representing a compound annual growth rate (CAGR) of 3.4% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 0.5% between 2017 and 2022, to reach a total of 36,573.0 cars in 2022.
- According to GlobalData, the capital investment in travel and tourism in Mexico reached $18.9 billion in 2022 from $17.5 billion in 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in Mexico
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico car rental market with five year forecasts by both value and volume
- What was the size of the Mexico car rental market by value in 2022?
- What will be the size of the Mexico car rental market in 2027?
- What factors are affecting the strength of competition in the Mexico car rental market?
- How has the market performed over the last five years?
- Who are the top competitors in Mexico's car rental market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the latest developments of the leading players?
- 8 Company Profiles
- 8.1. Sixt SE
- 8.2. Enterprise Holdings Inc
- 8.3. Hertz Global Holdings Inc
- 8.4. Alamo Rent A Car LLC
- 8.5. Royal Rent a Car SA de CV
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Mexico car rental market value: $ billion, 2017–22
- Table 2: Mexico car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: Mexico car rental market category segmentation: % share, by value, 2017–2022
- Table 4: Mexico car rental market category segmentation: $ billion, 2017-2022
- Table 5: Mexico car rental market geography segmentation: $ billion, 2022
- Table 6: Mexico car rental market value forecast: $ billion, 2022–27
- Table 7: Mexico car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Table 8: Sixt SE: key facts
- Table 9: Sixt SE: Annual Financial Ratios
- Table 10: Sixt SE: Key Employees
- Table 11: Enterprise Holdings Inc: key facts
- Table 12: Enterprise Holdings Inc: Key Employees
- Table 13: Hertz Global Holdings Inc: key facts
- Table 14: Hertz Global Holdings Inc: Annual Financial Ratios
- Table 15: Hertz Global Holdings Inc: Key Employees
- Table 16: Hertz Global Holdings Inc: Key Employees Continued
- Table 17: Alamo Rent A Car LLC: key facts
- Table 18: Royal Rent a Car SA de CV: key facts
- Table 19: Mexico size of population (million), 2018–22
- Table 20: Mexico gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Mexico gdp (current prices, $ billion), 2018–22
- Table 22: Mexico inflation, 2018–22
- Table 23: Mexico consumer price index (absolute), 2018–22
- Table 24: Mexico exchange rate, 2018–22
- List of Figures
- Figure 1: Mexico car rental market value: $ billion, 2017–22
- Figure 2: Mexico car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: Mexico car rental market category segmentation: $ billion, 2017-2022
- Figure 4: Mexico car rental market geography segmentation: % share, by value, 2022
- Figure 5: Mexico car rental market value forecast: $ billion, 2022–27
- Figure 6: Mexico car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in Mexico, 2022
- Figure 8: Drivers of buyer power in the car rental market in Mexico, 2022
- Figure 9: Drivers of supplier power in the car rental market in Mexico, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in Mexico, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in Mexico, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in Mexico, 2022
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