The employment in the transport equipment rental sector in Mexico had a significant increase from 2013 to 2023, growing from 4.08 thousand employees to 5.63 thousand employees in 2023. Over the last two years, the year-on-year growth was 2.7% in 2022 and 2.61% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years stands at 1.65%.

Looking ahead, from 2024 onwards, the forecasted data shows a steady increase in employment, reaching approximately 6.31 thousand employees by 2028, implying a 5-year forecasted CAGR of 1.82% with an overall growth rate of 9.45% during this period.

Future trends to watch for:

Potential disruptions or advancements in transport technology and their impact on rental needs.
Economic factors influencing transportation demand and overall employment levels.
Regional developments and policies in Mexico affecting the transport equipment rental market.