The employment in Passenger Transport Supporting Services in Mexico saw a fluctuating trend from 2013 to 2023. There were incremental increases between some years, such as from 2014 to 2015 and from 2020 to 2022, with a notable peak in 2015. However, a significant drop occurred in 2020, decreasing by 11.14% due to external disruptions likely caused by the COVID-19 pandemic. Over the last two years, a slight recovery was seen with a 0.79% increase in 2023, bringing the employment value to 3.18 thousand employees. The CAGR over the last five years up to 2023 was a decline of 1.66% per year on average.
Looking ahead, the employment trend from 2024 forecasts a continued decline, albeit at a slower rate than observed during the previous declines. The forecasted CAGR for the next five years is -1.22% annually, indicating a modest decrease in employment projected to reach 2.95 thousand employees by 2028, representing a 5.94% overall reduction from the 2023 levels.
Future trends to watch for include the potential impacts of technological advancements, government policies aiming at modernizing passenger transport, and economic factors that could either mitigate or exacerbate the downward trend in employment within the sector. Additionally, global events affecting travel demand could also play a critical role in shaping employment trends in this industry.
