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Latin America Truck Rental Market Size & Outlook

The truck rental market in Latin America is expected to reach a projected revenue of US$ 12,585.0 million by 2030. A compound annual growth rate of 7.5% is expected of Latin America truck rental market from 2024 to 2030.

Revenue, 2023 (US$M)
$7,574.1
Forecast, 2030 (US$M)
$12,585.0
CAGR, 2024 - 2030
7.5%
Report Coverage
Latin America

Latin America truck rental market, 2018-2030 (US$M)

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Latin America truck rental market highlights

  • The Latin America truck rental market generated a revenue of USD 7,574.1 million in 2023.
  • The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
  • In terms of segment, light duty was the largest revenue generating truck in 2023.
  • Light Duty is the most lucrative truck segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 7,574.1 million
Market revenue in 2030USD 12,585.0 million
Growth rate7.5% (CAGR from 2023 to 2030)
Largest segmentLight duty
Fastest growing segmentLight Duty
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLight Duty
Key market players worldwideAntelope Enterprise Holdings Ltd, The Hertz Corporation, Penske Automotive Group Inc, Avis Budget Group Inc, Daimler Truck Holding AG ADR, United Rentals Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 6.2% of the global truck rental market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 11,166.6 million by 2030.

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Truck Rental Market Scope

Truck rental market segmentation & scope
Truck
Light Duty
Medium Duty
Heavy Duty
Duration
Short Term
Long Term
Propulsion
ICE
Electric
Service Provider
Rental and Leasing Companies
OEM Captives
Third Party Service Providers
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

Truck Rental Market Companies

Name Profile # Employees HQ Website

Latin America truck rental market

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