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Mexico Car Rental Market, By Car Type (SUV, Hatchback, Sedan) By Booking Type (Offline Booths, Mobile Application, Aggregator & Booking Websites, and others), By Airport Facility (International, Domestic)-

Publisher Coherent Market Insights
Published Mar 24, 2025
Length 90 Pages
SKU # CMI20004782

Description

A company that rents automobiles to the general public for brief periods of time, typically ranging from a few hours to a few weeks, is known as a car rental, hire car, or car hire agency. It is typically arranged in a network of numerous local branches, the majority of which are situated close to busy airports or city centers and frequently complemented by websites that permit online reservations. These branches enable customers to return a vehicle to a different location .People who do not own a car, travelers who are out of town, or owners of damaged or destroyed vehicles who are waiting for repairs or insurance compensation are the primary customers of car rental companies. Vans and trucks can be rented from car rental companies to meet the needs of the self-moving industry. In some markets, other types of vehicles such as motorcycles and scooters may also be available. Car rental companies typically provide additional services in addition to the standard rental of a vehicle, such as insurance, GPS navigation systems, entertainment systems, mobile phones, portable Wi-Fi, and child safety seats.

Market Dynamics

Mexico Car Rental Market size was valued at US$ 1,108.1 Million in 2022, exhibiting a compound annual growth rate (CAGR) of 10.1% from 2023 to 2030. The rising number of investments in the country is expected to foster the market growth of car rental. The Mexican car rental market is also expected to expand as a result of favorable government initiatives via increased use of electric vehicles (EVs). For instance, Budget Rent-A-Car's Mexican representative, Grupo Guepardo, entered into a commercial alliance with JAC, a Chinese automaker, in February 2022. As part of the alliance, Grupo GuepardoH will supply Budget with a fleet of City Cars, including fully electric versions of its JAC E10X. It will be the first Mexican business to have an entire fleet of electric vehicles.

Key Features of the Study
  • This report study showcase the current scenario and the future potential of Mexico Car Rental Market. The market for the same has been segmented on the basis of car type, booking type, and airport facility.
  • This report provides in-depth analysis of the Mexico car rental market and provides market size in terms of value (US$ Million) and compound annual growth rate (CAGR) (%) for the forecast period 2025-2032
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, challenges, opportunities, new product launches, and competitive strategies adopted by the leading players.
  • It profiles leading players in the Mexico car rental market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, and key developments
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launches, market expansion, and marketing tactics
  • Stakeholders would greatly benefit in decision-making through various strategy matrices used in analyzing the Mexico car rental market
Detailed Segmentation
  • Mexico Car Rental Market, By Car Type:
  • SUV’s
  • Hatchback
  • Sedan
  • Mexico Car Rental Market, By Booking Type:
  • Offline Booths
  • Mobile Application
  • Aggregators & Booking Websites
  • Others
  • Mexico Car Rental Market, By Airport Facility:
  • International
  • Domestic
  • Company Profiles
  • National Car Rental
  • EUROPCAR GROUP S.A
  • MEX Rent a Car
  • Budget Rent A Car System Inc.
  • Fox Rent A Car
  • Thrifty Car Rental, Inc
  • THE HERTZ CORPORATION
  • Sixt SE
  • Avis Budget Group Inc.
  • Alamo

Table of Contents

90 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Car Type
Market Snippet, By Booking Type
Market Snippet, By Airport Facility
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increased Standard of Living in Mexico
Increased Business Travels to Mexico
Restraints
Highly Sensitive To Economic Downturn
Fluctuation in Fuel Cost
Market Opportunities
Introduction of New Business Models
Electric and Hybrid Vehicles
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic
4. Mexico Car Rental Market, By Car Type, 2020-2032 (US$ Million)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
SUVs
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Hatchback
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Sedan
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
5. Mexico Car Rental Market, By Booking Type, 2020-2032 (US$ Million)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
Offline Booths
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Mobile Application
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Aggregator & Booking Websites
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
6. Mexico Car Rental Market, By Airport Facility, 2020-2032 (US$ Million)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
International
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Domestic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
7. Competitive Landscape
Company Profiles
First Edmund Optics Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
EUROPCAR GROUP S.A
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
MEX Rent a Car
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Budget Rent A Car System Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Fox Rent A Car
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Thrifty Car Rental Inc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
THE HERTZ CORPORATION
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Sixt SE
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
TT Electronics
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Avis Budget Group, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
8. Section
References
Research Methodology
About Us and Sales Contact
*Browse 60 market data tables and 40 figures on Mexico Car Rental Market - forecast to 2032”.

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