Key Market Indicators
**Mexican Passenger Transport Expenditure to Reach $2.46 Billion by 2028** Mexican Passenger Transport Expenditure is projected to hit $2.46 billion by 2028, marking a slight growth from $2.44 billion in 2023. This represents a modest compound annual growth rate (CAGR) of 0.1% year on year. Since 2013, the demand for passenger transport in Mexico has decreased by approximately 3% annually. In 2023, Mexico ranked 14th globally in passenger transport expenditure, with Indonesia narrowly ahead at $2.44 billion. France, Canada, and Italy occupied the second, third, and fourth positions, respectively. **Revenue Stagnation in Mexican Passenger Transport Market** Meanwhile, Mexican Passenger Transport Revenue is anticipated to remain stagnant, reaching roughly $1.27 billion by 2028, the same level as in 2023. This translates to a 0% growth rate year on year on average. Since the year 2000, the Mexican market has seen no significant annual changes in revenue. In 2023, Mexico held the 15th spot globally, with Belgium just ahead, also at $1.27 billion. Qatar, Ireland, and Russia ranked second, third, and fourth, respectively, in this category.
