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 7.8% is expected of Latin America truck rental market from 2025 to 2030.
Revenue, 2024 (US$M)
$8,086.1
Forecast, 2030 (US$M)
$12,585.0
CAGR, 2025 - 2030
7.8%
Report Coverage
Latin America
Related Markets
Latin America truck rental market highlights
- The Latin America truck rental market generated a revenue of USD 8,086.1 million in 2024.
- The market is expected to grow at a CAGR of 7.8% from 2025 to 2030.
- In terms of segment, light duty was the largest revenue generating truck in 2024.
- Heavy Duty is the most lucrative truck segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 8,086.1 million |
| Market revenue in 2030 | USD 12,585.0 million |
| Growth rate | 7.8% (CAGR from 2025 to 2030) |
| Largest segment | Light duty |
| Fastest growing segment | Heavy Duty |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Duty, Medium Duty, Heavy Duty |
| Key market players worldwide | Antelope 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 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 91,334.2 million by 2030.
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Truck Rental Market Scope
Truck rental market segmentation & scope
Truck Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Hertz Corporation | View profile | - | Melbourne, Victoria, Australia, Oceania | http://hertzaustralia.com.au/ |
| Penske Automotive Group Inc | View profile | 28500 | 2555 Telegraph Road, Bloomfield Hills, MI, United States, 48302-0954 | https://www.penskeautomotive.com |
| United Rentals Inc | View profile | 26300 | 100 First Stamford Place, Suite 700, Stamford, CT, United States, 06902 | https://www.unitedrentals.com |
| Daimler Truck Holding AG ADR | View profile | 104213 | Fasanenweg 10, Leinfelden-Echterdingen, BW, Germany, 70771 | https://www.daimlertruck.com |
| Antelope Enterprise Holdings Ltd | View profile | 43 | 350 Fifth Avenue, Suite 7540, The Empire State Building, Sichuan Province, New York, NY, United States | http://www.aehl-kylin.com |
| Avis Budget Group Inc | View profile | 31000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | https://www.avisbudgetgroup.com |
Latin America truck rental market size, by country, 2018-2030 (US$M)
Latin America Truck Rental Market Outlook Share, 2024 & 2030 (US$M)
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