Mexico Truck Rental Market Research Report By Truck Type (Heavy Commercial Vehicle, Light Commercial Vehicle) and By Lease Type (Finance Lease, Full-Service Lease)- Forecast to 2035

Mexico Truck Rental Market Overview:

As per MRFR analysis, the Mexico Truck Rental Market Size was estimated at 2.98 (USD Billion) in 2023. The Mexico Truck Rental Market Industry is expected to grow from 3.5 (USD Billion) in 2024 to 10.5 (USD Billion) by 2035. The Mexico Truck Rental Market CAGR (growth rate) is expected to be around 10.503% during the forecast period (2025 - 2035).

Key Mexico Truck Rental Market Trends Highlighted

The Mexico Truck Rental Market is experiencing notable growth influenced by several market drivers. The increasing demand for logistics services in Mexico, bolstered by the expanding e-commerce sector, plays a crucial role in driving this market. As more businesses seek efficient transportation options for delivering goods, truck rental services are becoming essential. The rise of small and medium-sized enterprises, which often require flexible transportation solutions, further encourages the growth of truck rental services. Additionally, a robust tourism sector in Mexico adds to the demand for vehicle rentals, including trucks for moving equipment or supplies.

The Mexico Truck Rental Market has several gaps that might be useful to exploit. The government’s efforts to develop road infrastructure as well as promote trade with a number of countries have made transportation much easier and more efficient. This improvement resulted in greater movement of goods, thereby increasing demand for renting trucks. Furthermore, the use of newer digital technology like mobile application-based booking and fleet management systems offers an opportunity for truck rental businesses to enhance user experience and operational efficiency. The last few months have suggested some changes towards more sustainable practices in renting trucks in Mexico.

Many companies are focusing on reducing their carbon footprint by offering eco-friendly vehicles in their fleets. This trend aligns with global movements towards sustainability and may become a key differentiation factor in a competitive market. The incorporation of telematics and vehicle tracking systems is also emerging, allowing companies to optimize routes and manage their fleets more effectively, thus contributing to cost savings. This data-driven approach is expected to shape the future of truck rentals in Mexico, making it a more innovative sector.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mexico Truck Rental Market Drivers

Increasing Demand for E-commerce Logistics

The rapid growth of the e-commerce sector in Mexico significantly drives the Mexico Truck Rental Market Industry. With the rise in online shopping, logistics companies are increasingly relying on rented trucks to meet their delivery needs. According to the Mexican Association of Online Sales, e-commerce sales in Mexico surged by 81% from 2019 to 2021, indicating a strong shift towards online retail. This growth is further supported by companies like Mercado Libre and Amazon, which are expanding their logistics networks to facilitate faster deliveries.As more businesses seek flexible truck rental solutions to accommodate fluctuating delivery demands, the truck rental market is expected to flourish. In addition, the Mexican government has implemented policies to enhance infrastructure for logistics, making transportation more efficient and opening new avenues for truck rentals.

Growth of Construction and Infrastructure Projects

The booming construction sector in Mexico is another key driver propelling the Mexico Truck Rental Market Industry forward. As the government announces ambitious infrastructure projects, including highways, airports, and urban development, the demand for heavy-duty trucks is increasing. The Mexican government plans to invest approximately $45 billion in public works over the next few years, which will inevitably require extensive transportation solutions. This creates opportunities for truck rental companies to provide vehicles for construction contractors who prefer to rent rather than purchase expensive equipment. Organizations such as the Mexican Chamber of Construction (CMIC) have reported that the construction sector is expected to grow by about 6% annually until 2030, showcasing a robust demand for rental trucks to meet the transportation needs of this expanding industry.

Environmental Policies Favoring Truck Rentals

In recent years, Mexico has strengthened its environmental policies, which are positively impacting the Mexico Truck Rental Market Industry. Initiatives aimed at reducing carbon emissions have led many companies to opt for rental trucks with newer, more environmentally friendly engines. The Mexican government has set forth regulations requiring older vehicles to meet stricter emissions standards, pushing businesses to seek rental options that comply with these regulations. According to the Secretaria de Medio Ambiente y Recursos Naturales (SEMARNAT), nearly 40% of the country’s greenhouse gas emissions are attributed to transportation, leading to increased efforts to transition to greener logistics. This shift is aligning with global trends where businesses are prioritizing sustainability, making truck rentals an attractive choice for companies looking to reduce their environmental footprint while still meeting operational needs.

Rise in Urbanization and Population Growth

Mexico is experiencing rapid urbanization and population growth, which are key contributing factors to the Mexico Truck Rental Market Industry. With an estimated 80% of the population living in urban areas by 2030, there is a significant rise in the transportation requirements for both goods and services. The National Institute of Statistics and Geography (INEGI) reported that Mexican cities have seen a population increase of more than 5 million in the last five years, creating a higher demand for logistics and transportation solutions. Consequently, businesses in urban areas increasingly rely on truck rentals to adapt to the dynamic market demands of these growing populations. The increased reliance on rental trucks enables businesses to remain flexible in their supply chains, catering to a larger consumer base without the burden of vehicle ownership.

Mexico Truck Rental Market Segment Insights:

Truck Rental Market Truck Type Insights

The Mexico Truck Rental Market is notably structured around Truck Type, with key categories including Heavy Commercial Vehicles and Light Commercial Vehicles. The Heavy Commercial Vehicle segment holds a significant stake in the overall market, primarily driven by its essential role in logistics and supply chain operations throughout Mexico. These vehicles are vital for transporting large quantities of goods, making them indispensable to industries like construction, retail, and manufacturing. In contrast, Light Commercial Vehicles are gaining traction due to their versatility and suitability for urban delivery services, addressing the growing demand for last-mile logistics in cities as they see increased population density and e-commerce activities.

The surge in the e-commerce sector has bolstered the need for efficient delivery solutions, positioning Light Commercial Vehicles as preferred choices for smaller loads and quicker routes. The segmentation of the Mexico Truck Rental Market highlights a clear response to market demands and economic conditions, whereby businesses and individual consumers alike seek cost-effective solutions to meet their logistical requirements. Challenges within this segment include regulatory pressures, changing fuel prices, and the need for sustainable transportation options, compelling rental services to innovate and adapt their fleets.

This evolution reflects consumer preferences for modern, efficient vehicles that lower operational costs while maximizing reliability. Opportunities abound as the Mexican economy continues to grow, with burgeoning industries requiring versatile truck rental solutions to support their expansion, indicating a favorable trend for both vehicle types in the evolving marketplace. Moreover, the strategic positioning of rental companies in key urban and industrial areas enhances accessibility and service delivery, ensuring they meet the diverse needs of all their clients, whether they require Heavy or Light Commercial Vehicles. As the market continues to develop, ongoing advancements in technology and sustainability will likely shape future trends, fostering a more dynamic and responsive rental landscape. The interplay between these Truck Types and the broader Mexico Truck Rental Market reflects the changing dynamics of transportation and logistics, paving the way for continued growth and adaptation in response to both domestic and international pressures on the economy.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Truck Rental Market Lease Type Insights

The Lease Type segment of the Mexico Truck Rental Market is integral to its overall landscape, with notable relevance in facilitating flexible transportation solutions across various industries. The Finance Lease is increasingly recognized for its ability to provide businesses with cost-effective access to vehicles while maintaining the option to purchase at the end of the lease term, appealing to companies aiming to manage their capital efficiently. Conversely, the Full-Service Lease, encompassing maintenance, insurance, and other operational aspects, addresses the growing need for businesses to outsource logistics and fleet management.

This segment not only simplifies operational burdens but also allows organizations to focus on their core competencies. With a rapidly expanding economy in Mexico and increasing demand for logistical solutions, these lease types present significant opportunities for stakeholders to cater to evolving market needs. The growing interest in environmentally friendly transportation options is also influencing these leasing models as companies seek sustainable alternatives. Ultimately, both Finance Lease and Full-Service Lease are tailored to meet the diverse requirements of various sectors, supporting the growth trajectory of the Mexico Truck Rental Market.

Mexico Truck Rental Market Key Players and Competitive Insights:

The Mexico Truck Rental Market has demonstrated significant growth and competitive dynamics in recent years, driven by an increase in logistics needs, a rise in urban mobility demands, and evolving consumer preferences. The market is characterized by both international and local players striving to enhance their offerings in terms of fleet management, customer service, and technology integration. This competitive landscape values adaptability and service differentiation as companies look to capture market share and respond to the unique transportation and logistical challenges prevalent in the region. The interplay between established companies and new entrants fosters innovation, encouraging firms to refine their services and pricing strategies to better meet customer needs.

In the context of the Mexico Truck Rental Market, Hertz stands out as a formidable player, leveraging its extensive presence and comprehensive fleet range to cater to various customer segments. The company boasts a well-established brand reputation backed by years of experience and a commitment to customer satisfaction. Hertz's operational strengths lie in its robust logistics network and effective fleet management capabilities, which ensure timely and efficient service delivery. Furthermore, Hertz has focused on enhancing the customer experience through technology integration, offering online reservations and comprehensive support services. This ability to continuously evolve alongside market demands significantly contributes to Hertz's competitive edge in Mexico’s truck rental sector.

Alamo Rent A Car has carved out its niche in the Mexico Truck Rental Market by specifically targeting leisure and business travelers who require flexible cargo transportation solutions. The company offers a range of services, from standard truck rentals to specialized transport vehicles, positioning itself as a reliable choice for customers seeking quality and convenience. Alamo Rent A Car benefits from partnerships and alliances that enhance its service offering, allowing for seamless customer experiences across locations. With a strong presence in popular travel destinations across Mexico, the company also emphasizes its commitment to affordability and exceptional customer service.

Moreover, through strategic mergers and acquisitions, Alamo Rent A Car has expanded its operational footprint and diversified its fleet, enabling it to accommodate varying logistic needs. This strategic approach, combined with a strong focus on customer feedback, helps the company maintain a competitive position in the evolving market landscape.

Key Companies in the Mexico Truck Rental Market Include:

• Hertz


• Alamo Rent A Car


• Transfar


• UHaul


• Sixt


• Grupo Lala


• Budget Truck Rental


• Traxion


• Ryder System


• Enterprise Truck Rental


• Penske Truck Leasing


• Movex


• Chassis Logistics


• DHL Supply Chain

Mexico Truck Rental Market Industry Developments

The Mexico Truck Rental Market has seen a series of significant developments recently. In July 2023, Alamo Rent A Car reported an increase in demand for its rental trucks in urban areas due to escalating e-commerce activities, prompting an expansion of fleet offerings. Hertz has also announced plans to introduce electric trucks into its fleet by the end of 2023, aligning with global sustainability goals. Notably, Transfar has expanded its services nationwide, capitalizing on the logistics boom as Mexican supply chains adapt to increased demand.

In terms of mergers and acquisitions, Traxion and Ryder System were noted in discussions for a potential partnership in August 2023, aimed at enhancing logistics efficiency across their networks in Central Mexico. This follows the acquisition of Movex by Grupo Lala in March 2022, which has amplified the latter's operational capabilities in delivering dairy products across various regions. Over the last two years, the overall valuation of companies in the Mexico Truck Rental Market has grown substantially, influenced by rising logistics demands and shifts toward more sustainable transport solutions.

Mexico Truck Rental Market Segmentation Insights

Truck Rental MarketTruck TypeOutlook

• Heavy Commercial Vehicle


• Light Commercial Vehicle

Truck Rental MarketLease TypeOutlook

• Finance Lease


• Full-Service Lease

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	2.98 (USD Billion)
MARKET SIZE 2024	3.5 (USD Billion)
MARKET SIZE 2035	10.5 (USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	10.503% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Hertz, Alamo Rent A Car, Transfar, UHaul, Sixt, Grupo Lala, Budget Truck Rental, Traxion, Ryder System, Enterprise Truck Rental, Penske Truck Leasing, Movex, Chassis Logistics, DHL Supply Chain
SEGMENTS COVERED	Truck Type, Lease Type
KEY MARKET OPPORTUNITIES	Growing e-commerce logistics demand, Urbanization boosting delivery services, Expansion of tourism and events, Increased construction projects requiring rentals, Electric truck rental integration.
KEY MARKET DYNAMICS	growing e-commerce demand , increased logistics services , rising fuel prices , competitive rental pricing , urbanization and population growth
COUNTRIES COVERED	Mexico