Road passenger transport employment in Mexico saw a steady increase from 492.09 thousand employees in 2013 to 547.62 thousand employees in 2019. The sector faced a significant drop in 2020 with a year-on-year decline of 11.99%, primarily due to the COVID-19 pandemic. However, the employment numbers rapidly recovered, reaching 566.26 thousand employees in 2023, reflecting a year-on-year increase of 3.58% and showing resilience in the market.

Over the past five years, the sector demonstrated an average annual variation of 0.87%. Looking forward, the forecast indicates a moderate but consistent growth with a forecasted 5-year CAGR of 0.81%, anticipating employment to reach 596 thousand by 2028.

Future trends to watch for:

Potential impacts of technological advancements such as ride-sharing and autonomous vehicles on employment.
Policy changes aimed at promoting sustainable and eco-friendly transport solutions.
Economic conditions and their effect on public and private transport demand.