LATAM Car Rental Market Size & Outlook, 2025-2033

LATAM Car Rental Market Insights

Deep Market Insights analysis indicates that the LATAM Car Rental Market size, which was USD 14.5 Billion in 2024, is projected to attain USD 34.24 Billion by 2033.
The market is expected to register a CAGR of 10.02% over the period 2025–2033.
In 2024, Leisure emerged as the dominant Service based on market size.
Long-term/lease is projected to register the fastest growth, positioning it as the most attractive Service segment over the forecast horizon.

In 2024, LATAM accounted for 10.34% of the global Car Rental Market size.
By 2033, United States is projected to lead the global market in terms of market size.
Colombia is projected to emerge as the fastest-growing market in LATAM, reaching USD 0.59 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 14.5 Billion
Market Size In 2033	USD 34.24 Billion
Largest segment	Leisure
Units	Revenue in USD Billion
CAGR	10.02% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Segments	Sub Segments
LATAM	Brazil Mexico Argentina Colombia Chile
Service	Leisure Corporate Long-term/lease
Vehicle	Economy Premium EVs
Booking	OTA Direct Corporate portals