Mexico Car Rental Services Market 2033

Mexico Car Rental Services Market Size, Share, Trends and Forecast by Booking Type, Rental Length, Vehicle Type, Application, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A34994

Mexico Car Rental Services Market Overview:

The Mexico car rental services market size reached USD 1,258.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,586.94 Million by 2033, exhibiting a growth rate (CAGR) of 2.61% during 2025-2033. Increasing number of international tourists, growth in business travel, and airport infrastructure expansion are propelling the market growth. Apart from this, rising domestic road trips, the surge of online booking platforms, demand for luxury car rentals, and eco-friendly vehicle options are supporting the market growth. Furthermore, partnerships with the hospitality sector, the popularity of low-cost rentals, technological advancements, improved customer experience, the demand for premium vehicles, and the trend of flexible mobility solutions for tourists and locals are boosting the Mexico car rental services market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1,258.50 Million
Market Forecast in 2033	USD 1,586.94 Million
Market Growth Rate 2025-2033	2.61%

Mexico Car Rental Services Market Trends:

Increasing Number of International Tourists Visiting Mexico

Mexico has consistently ranked among the top travel destinations worldwide, with tourism playing a key role in driving the car rental market. In 2024, Mexico welcomed over 45 million international tourists, and despite setbacks due to the global pandemic, the country has seen a strong recovery in recent years. This growing influx of international travelers has significantly increased the demand for car rentals, as tourists require convenient transportation options for sightseeing, business trips, or exploring the country's diverse regions. Additionally, Mexico's close proximity to the United States makes it a popular choice for American tourists, further boosting the demand for car rentals. Whether traveling to cities, coastal regions, or cultural heritage sites, international visitors often seek the flexibility and comfort that rental cars provide, driving growth in the market.

Mexico Car Rental Services Market Size

Growth in the Business Travel Sector

There has also been an ongoing increase in business travel in Mexico, particularly with the nation being a prime hub for trade and industry in Latin America. Business travel expenditure in Mexico has witnessed a considerable surge, which reflects the country's robust economic connections with global markets, particularly the U.S. and Canada. This rise in business travel directly impacts the requirement for car rentals. Car rentals are preferred by business travelers as they have autonomy and ease of access to cars when traveling for meetings, conferences, or site visits. Car rentals offer the luxury of scheduling independence and access to cars suitable for business needs, which may not be guaranteed through public transport or taxis, which is further driving the Mexico car rental services market growth. As Mexico cements its position as an international business center, the demand for rental cars will continue and support the development of the market overall.

Expansion of Airport Infrastructure

The modernization and development of Mexico's airports have played a crucial role in the expansion of the car rental industry. Mexico has made significant investments to develop its airport infrastructure in the form of new terminals, enhanced facilities, and improved connectivity from major airports to key tourist destinations. For example, Mexico City's Benito Juárez International Airport, one of the busiest airports in Latin America, underwent extensive modernization in the recent past. The expansion has made it easier for visitors and business travelers to access car rental services upon arrival, encouraging convenience and higher use of rental services, which is further providing a thrust to the market growth. Additionally, In 2025, Grupo Aeroportuario del Pacífico (GAP) announced a historic investment of approximately US$2.6 billion to modernize and expand 12 airports across Mexico by 2029, aiming to increase overall capacity by 50%

Mexico Car Rental Services Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on booking type, rental length, vehicle type, application, and end user.

Booking Type Insights:

Offline Booking
Online Booking

The report has provided a detailed breakup and analysis of the market based on the booking type. This includes offline booking and online booking.

Rental Length Insights:

Short Term
Long Term

A detailed breakup and analysis of the market based on rental length have also been provided in the report. This includes short term and long term.

Vehicle Type Insights:

Luxury
Executive
Economy
SUVs
Others

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes luxury, executive, economy, SUVs, and others.

Application Insights:

Leisure/Tourism
Business

A detailed breakup and analysis of the market based on application have also been provided in the report. This includes leisure/tourism and business.

End User Insights:

Self-Driven
Chauffeur-Driven

The report has provided a detailed breakup and analysis of the market based on end user. This includes self-driven and chauffeur-driven.

Regional Insights:

Northern Mexico
Central Mexico
Southern Mexico
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Car Rental Services Market News:

In 2025, Mexico City-based startup Drivana raised USD 1 million to enhance its peer-to-peer car-sharing platform, connecting vehicle owners with users for flexible rentals.
In 2024, Balety and Romio launched a carsharing startup in Mexico, operating in cities like Guadalajara and Mexico City, aiming to reduce carbon emissions and enhance urban mobility.

Mexico Car Rental Services Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Booking Type Rental Length Vehicle Type Application End User Region
Booking Types Covered	Offline Booking, Online Booking
Rental Lengths Covered	Short Term, Long Term
Vehicle Types Covered	Luxury, Executive, Economy, SUVs, Others
Applications Covered	Leisure/Tourism, Business
End Users Covered	Self-Driven, Chauffeur-Driven
Regions Covered	Northern Mexico, Central Mexico, Southern Mexico, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Mexico car rental services market performed so far and how will it perform in the coming years?
What is the breakup of the Mexico car rental services market on the basis of booking type?
What is the breakup of the Mexico car rental services market on the basis of rental length?
What is the breakup of the Mexico car rental services market on the basis of vehicle type?
What is the breakup of the Mexico car rental services market on the basis of application?
What is the breakup of the Mexico car rental services market on the basis of end user?
What is the breakup of the Mexico car rental services market on the basis of region?
What are the various stages in the value chain of the Mexico car rental services market?
What are the key driving factors and challenges in the Mexico car rental services market?
What is the structure of the Mexico car rental services market and who are the key players?
What is the degree of competition in the Mexico car rental services market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico car rental services market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico car rental services market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico car rental services industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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