Mexico Car Rental Market – Industry Analysis, Global Trends, Market Size, Share and Forecasted Growth Opportunities to 2028

NEW JERSEY, USA, September 13, 2022 / — Description

A new research study “”Analysis of Mexico Car Rental Market 2022 by Market Trends (Drivers, Restraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook”” has been added to Coherent. market-insight

A car rental service is a business that rents cars for a short period of time, usually ranging from several days to a week or more. Car rental services are primarily for people who need a temporary car, such as people who don’t own their vehicle, who are on vacation, or business owners who need a temporary car to a special occasion. A variety of car rental services are available around the world. The customer can rent a car on an hourly, daily or monthly basis depending on the rental contract. It is widely practiced in tourist places, where travelers come to visit the city or the countryside. With an increase in air traffic and a growing trend of booking cars online, car rental is the preferred option for travel, as it is the fastest and most economical means of transport.

According to our latest study (Coherent market insights), due to the COVID-19 pandemic, the economy car segment was valued at US$378.4 million in the car rental market in Mexico in 2018 and is expected to register a CAGR of 8.6% between 2019 and 2027.

The report provides a fundamental overview of the sector, complete with definitions and classifications. The Mexico Car Rental Market analysis is offered for global markets and includes analysis of competition landscape, development trends, and major regions.

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Along with discussing development policies and plans, manufacturing procedures and cost structures are also analyzed. Additionally, this report includes data on supply and demand, import/export consumption, cost, price, revenue and gross margins.

The research focuses on the world’s largest and most influential market players and provides details about them including company profiles, product specifications, prices, costs, and contacts.

Major key players in this market:

◘ Hertz Corporation
◘ SixtSE
◘ Avis Budget Group Inc.
◘ Alamo
◘ National car rental
◘ Europcar SA Group
◘ MEX Car Rental
◘ Budget Rent A Car System Inc.
◘ Fox Rent A Car
◘ Thrifty Car Rental Inc.

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Key Market Drivers:

The rising trend of on-demand transportation services is expected to propel the growth of the Mexico car rental market over the forecast period. For example, New Mexico Rental Car officially opened on July 19, 2021. The company offers new and nearly new SUVs and cars for daily, weekly and/or long-term rental. The Company targets services to customers in the Albuquerque metro area and surrounding Middle Rio Grande Valley.

In addition, increasing adoption of electric vehicles (EV) or pro-electrification government initiatives are expected to increase the growth of the Mexican car rental market. For example, in February 2022, Grupo Guepardo, which represents Budget Rent-A-Car in Mexico, signed a business alliance with JAC, a Chinese automaker. As part of the alliance, Grupo Guepardo will provide a fleet of City Cars for Budget, all-electric versions of its JAC E10X. It will be the first company in Mexico to have a fleet of fully electric vehicles.

Detailed segmentation:

Car rental market in Mexico, by car type:
◘ Economy car
◘ Compact car
◘ Intermediate car
◘ High end car
◘ Luxury car
◘ Sport utility vehicle
◘ Others (includes minivans, vans, etc.)

Mexico car rental market, by booking type:
◘ Offline access
◘ Mobile app
◘ Other internet access

Market segment by region/country comprising:

◘ North America (United States, Canada and Mexico)
◘ Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
◘ Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.)
◘ South America (Brazil, Argentina and Colombia etc.)
◘ Middle East and Africa (South Africa, UAE and Saudi Arabia etc.)

COVID-19 impact analysis:

The COVID-19 outbreak has had a severe impact on the growth of the car rental market in Mexico. With the reduction in global air traffic, demand for rental cars slowed as there were travel restrictions around the world to contain the spread of the virus. This sharp decline in the number of travelers has had a considerable impact on the car rental business.

Key points to remember:

The Mexico car rental market is expected to grow at a CAGR of XX% during the forecast period owing to the increase in air traffic and the growing trend of online car booking. For example, in October 2021, Hertz Global Holdings Inc. placed an order for approximately 100,000 Teslas in the first stage of an ambitious plan to electrify its rental car fleet. According to the company, customers will have access to Tesla’s network of superchargers, and Hertz is also building its own charging infrastructure.

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Table of contents with main points:

1 Industry Overview
1.1 Basic information about car rental in Mexico
1.1.1 Definition of car rental in Mexico
1.1.2 Car rental classifications in Mexico
1.1.3 Applications of car rental in Mexico
1.1.4 Characteristics of car rental in Mexico
1.2 Overview of Car Rental Development in Mexico
1.3 Enter Mexico Car Rental Obstacle Analysis

2 Mexico International and Chinese Car Rental Market Analysis
2.1 International Market Analysis of Mexico Car Rental Industry
2.1.1 Mexico International Car Rental Market Development History
2.1.2 Mexico Car Rental Competitive Landscape Analysis
2.1.3 Mexico Major Car Rental Countries Development Status
2.1.4 Mexico International Car Rental Market Development Trend
2.2 China Market Analysis of Mexico Car Rental Industry
2.2.1 Mexico Car Rental Market Development History in China
2.2.2 Mexico Car Rental Competitive Landscape Analysis
2.2.3 Mexico Car Rental Major Regions Development Status in China
2.2.4 China Mexico Car Rental Market Development Trend
2.3 Comparative Analysis of International and Chinese Car Rental Markets in Mexico

3 Mexico Car Rental Environmental Analysis
3.1 Analysis of the international economy
3.2 Analysis of Chinese Economy
3.3 Mexico Car Rental Policy Analysis
3.4 Mexico Car Rental News Analysis

4 Revenue Analysis by Classifications
4.1 Global Mexico Car Rental Revenue by Classifications 2022-2030
4.2 Global Mexico Car Rental Revenue Growth Rate by Classifications 2022-2030
4.3 Mexico Car Rental Revenue by Classifications

5 Revenue Analysis by Regions and Applications
5.1 Global Mexico Car Rental Revenue by Regions 2022-2030
5.2 2022-2030 United States Revenue and Mexico Car Rental Revenue Growth Rate
5.3 2022-2030 Europe Revenue and Mexico Car Rental Revenue Growth Rate
5.4 2022-2030 Japan Revenue and Mexico Car Rental Revenue Growth Rate
5.5 2022-2030 China Revenue and Mexico Car Rental Revenue Growth Rate

6 Mexico Car Leasing Revenue Market Status Analysis 2022-2030
6.1 Mexico Car Rental Revenue 2022-2030
6.2 Mexico Car Rental Revenue Market Share Analysis 2022-2030
6.3 Mexico Car Rental Revenue Overview 2022-2030
6.4 Mexico Car Rental Gross Margin 2022-2030

7. Company Profiles

7.1 key player 1

7.1.1 Overview of activities

7.1.2 Financial overview

7.1.3 Business strategies

7.2 key player 2

7.2.1 Activity Overview

7.2.2 Financial overview

7.2.3 Business strategies

7.3 key player 3

7.3.1 Activity Overview

7.3.2 Financial overview

7.3.3 Business strategies

7.4 key player 4

7.4.1 Company Overview

7.4.2 Financial overview

7.4.3 Business strategies

7.5 key player 5

7.5.1 Activity Overview

7.5.2 Financial overview

7.5.3 Business strategies


8 Sales Price and Gross Margin Analysis

9 Marketing Trader or Mexico Car Rental Distributor Analysis

10 Development Trend of Mexico Car Rental Industry 2016-2021

11 Industrial Car Rental Chain Suppliers in Mexico with Contact Information

12 Mexico New Car Leasing Project Investment Feasibility Analysis

13 Conclusion of the 2015 Market Research Report on Global Mexico Car Rental Industry


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Pamela W. Robbins