Mexico Car Rental Market Shows Positive Growth and is Expected to Reach US$3,146.7 Million by 2027 | Alamo, Hertz, Fox
#3200, SEATTLE, WASHINGTION, USA, April 6, 2022 /EINPresswire.com/ — The latest study has been released on the global car rental market in Mexico by Coherent Market Insights. The research study assesses important research data and evidence as a handy reference document for managers, analysts, industry experts, and other key people to have a study ready to access and auto -analyzed to help understand market trends and growth drivers, upcoming opportunities and challenges, and competitors. The economy car segment was valued at US$378.4 million in the Mexico car rental market in 2018 and is expected to register a CAGR of 8.6% between 2019 and 2027.
A comprehensive overview of the Mexico Car Rental Market research report promises absolute consumer satisfaction. While the changes caused by the pandemic have imposed adverse consequences on the performance of the industry, hampering growth and associated non-essential offerings, growth has however suffered minor declines at present, showing signs of recovery promising. The global Mexico car rental market research document has grown steadily under the historic and current Mexico car rental market conditions and is estimated to successfully continue the growth trends.
𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁
A car rental, vehicle rental, or rent-a-car service is a private business that rents cars to the general public, typically for several days to a few months. Car rentals are available in almost every city, state and country around the world. Car rental services are very popular all over the world. Since most people prefer to lease rather than buy a new vehicle, car rental companies have grown rapidly over the years and can be found in almost every city and country.
❈ This report provides quantitative analysis of market segments, current trends, estimates and dynamic analysis to identify the current implementation of market opportunities.
❈ Market studies are offered along with information related to key drivers, constraints and opportunities.
❈ Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
❈ In-depth analysis of Implantable Medical Devices market segmentation helps to determine the existing market opportunities.
❈ Major countries in each region are mapped according to their revenue contribution in the global market.
❈ Positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
Partners: Hertz Corporation, Sixt SE, Avis Budget Group Inc., Alamo, National Car Rental, Europcar Group SA, MEX Rent a Car, Budget Rent A Car System, Inc., Fox Rent A Car and Thrifty Car Rental, Inc. .
𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:
Improving living standards and growing number of leisure travelers in Mexico are driving the growth of the Mexican car rental market. Thus, the expansion of travel and tourism will also promote the growth of the market. According to Mexican embassies abroad, in the first quarter of 2021, US nationals accounted for 75% of all passengers arriving in Mexico by air. Of all arrivals, Canadians represented 1.6%, Europeans 7.1% and South Americans 11.6% (mainly from Colombia 2.8% and Brazil 2.2%).
The increasing adoption of growth strategies such as mergers and acquisitions by key players is expected to drive the market growth. For example, in August 2021, Hyatt Hotels Corporation announced that Hyatt had entered into a definitive agreement to acquire Apple Leisure Group (ALG), a luxury resort management, travel and hospitality services group, from subsidiaries of KKR and KSL Capital. Partners, LLC for $2.7 billion in cash.
➡ The Mexico car rental market is expected to grow at a CAGR of XX% over the forecast period, owing to the increasing launch of advanced approaches for car rental agencies in Mexico.
➡ Growing number of partnerships and collaborations to expand customer reach is driving market growth. For example, in June 2017, HTZ announced that its subsidiary The Hertz Corporation had signed an agreement with Hertz Mexico (operated by Avasa) and the main Mexican airline – Aeroméxico.
𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗼𝗳𝗳𝗲𝗿!!! !!!
𝟮𝟬𝟬𝟬 𝗨𝗦𝗗 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗢𝗻 𝗢𝗻 𝗢𝗻 𝗔𝗻𝘆
𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 :-
Car rental market in Mexico, by car type:
» Economy car
” Compact car
» Intermediate Car
» High end car
” Luxury car
» Sport utility vehicle
» Other (includes minivans, vans, etc.)
Mexico car rental market, by booking type:
» Offline access
” Mobile app
» Other Internet access
The report provides an overview of global market size, segmentation data, marketing growth strategies, market share, export and import information, market trend analysis and forecast, competition, national production, best sales prospects, statistical data, tariffs, regulations, distribution. and business practices, end-user analytics, touchpoints and more. These research reports include information on competitive strategies, solutions, factual research, key takeaways, recommendations, market considerations, emerging business models, and market opportunities for multiple segments of an industry.
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