Press release
Mexico Car Rental Market Focusing on Leading Players Europcar Group S.A., MEX Rent a Car, Budget Rent A Car System, Fox Rent A Car, and Thrifty Car Rental
Mexico Car Rental Market
Market Estimates:
The Mexico car rental market is estimated to account for US$ 1,625 Mn in terms of value by the end of 2019.
Drivers:
Improving living of standard in Mexico and rising number of a manufacturing unit in the country is creating more employment which in turn resulting in increased disposable income. This has resulted in a rising number of trips by leisure travelers to leisure destinations is leading raise the demand for car rental service. Therefore, this is projected to propel the market growth of car rental in the Mexico. Moreover, the strong presence of major players such as Hertz, Avis, Alamo, Budget, Thrifty etc. in the country is also projected to boost the market growth.
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Major Keyplayers Like : Hertz Corporation
Sixt SE
Avis Budget Group Inc.
Alamo
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.
-----------------------------------
Market Restraints:
Car rental agency is highly dependent on air travel and most of the car rental agencies (approximately 70% to 80%) generate their revenues from airport locations only. If there is any sustained reduction in airline passenger traffic or the loss of an airport the concession could negatively impact the financial conditions of the car rental companies. Therefore, this factor is projected to hinder the market growth over the forecast period. Also, fluctuation in fuel cost is further estimated to hamper market growth.
Segment Analysis:
Among car type, economy car segment dominated the Mexico car rental in 2018, accounting for 25.3% share in terms of value, followed by compact car and intermediate car, respectively. For shorter time, economy rental cars are extensively rented by travelers as these car offers suitable services within less rental cost.
Among booking type, other internet access accounted for largest market share of 45.5% in Mexico car rental market in 2018. Car rental services offer variety of rental services & discounts through their websites, which in turn boosting use of this channel for car booking.
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Key Highlights of the Table of Contents:
Mexico Car Rental Market Study Coverage:It includes key manufacturers covered, key market segments, the scope of
products offered in the global Colposcopy market, years considered, and study objectives. Furthermore, it
touches the segmentation study provided in the report on the basis of the type of product and applications.
Mexico Car Rental Market Executive Summary: This section emphasizes on the key studies, market growth rate,
competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.
Mexico Car Rental Market Production by Region: The report provides information related to import and export,
production, revenue, and key players of all regional markets studied are covered in this section.
Mexico Car Rental Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this
section. This also provides SWOT analysis, products, production, value, capacity, and other vital factors of
the individual player.
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