Domestic tourism expenditure on transport equipment rental services in Mexico has shown a significant upward trend over the past decade. From 2013 to 2019, the sector experienced consistent growth, peaking at 12.43 billion Mexican pesos in 2019. The COVID-19 pandemic caused a notable decline in 2020, but the market rebounded rapidly, reaching 15.5 billion pesos in 2023. The year-on-year variation in 2023 was 10.97%, with a five-year CAGR of 6.67%.
Looking ahead, the forecasted data from 2024 to 2028 indicate a steady growth trajectory. By 2028, the expenditure is expected to reach 20.46 billion pesos, with a forecasted five-year CAGR of 4.39%, reflecting a 23.98% cumulative growth over this period.
Future trends to watch for include the impacts of technological advancements in mobility and the increasing preference for sustainable transport solutions. These factors could further drive the demand for rental services in the domestic tourism sector.
