Between 2013 and 2023, Mexico experienced a dynamic internal tourism consumption of transport equipment rental services, with values rising from 6.82 billion to 15.5 billion Mexican Pesos. Year-on-year growth varied, with notable increases in 2016 (17.24%), 2019 (10.8%), and a significant drop in 2020 (-17.84%) due to the pandemic. The years 2021 and 2022 saw strong recoveries with growth rates of 20.03% and 13.92%, respectively. The 5-year CAGR from 2018 to 2023 stood at 6.67%.
The forecast for 2024 onwards shows continued growth, with a predicted increase to 20.46 billion Mexican Pesos by 2028. The 5-year CAGR forecast is 4.39%, indicating steady but slightly slower growth compared to the previous period.
Future trends to watch for include the impact of technological advancements in transportation services, shifts in tourism patterns post-pandemic, and economic factors affecting consumer demand. Additionally, sustainability trends and government policies promoting eco-friendly transportation options may influence the sector's trajectory.
