Mexico - Latin America Shared Mobility Market Size & Outlook
Mexico - Latin America Shared Mobility Market, 2021-2040 (US$M)
Global Market
Related Markets
Mexico shared mobility market highlights
- The Mexico shared mobility market generated a revenue of USD 2.8 million in 2023 and is expected to reach USD 15.0 million by 2040.
- The Mexico market is expected to grow at a CAGR of 10.5% from 2024 to 2040.
- In terms of segment, ride hailing was the largest revenue generating service model in 2023.
- Bike sharing is the most lucrative service model segment registering the fastest growth during the forecast period.
Shared mobility market data book summary
| Market revenue in 2023 | USD 2.8 million |
| Market revenue in 2040 | USD 15.0 million |
| Growth rate | 10.5% (CAGR from 2024 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ride hailing, Ride sharing, Bike sharing, Car sharing |
| Key market players worldwide | Beijing Enterprises Holdings Ltd, Bayerische Motoren Werke AG, Grab Holdings Inc Class A, GreenGood Eco-Tech, Lyft Inc Class A, Uber Technologies Inc, Avis Budget Group Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global shared mobility market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2040.
- In Latin America, Brazil shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 15.0 million by 2040.
Mexico's shared mobility market is anticipated to account for the fastest growth over the forecast period, owing to the country's issues related to traffic congestion in cities like Mexico City and Guadalajara. Ride-sharing services, including Uber and Didi Chuxing, have gained popularity as an efficient mode of transportation in congested urban environments.
Additionally, bike-sharing services have become widely used in some cities, offering a sustainable and flexible alternative for short trips. Furthermore, Mexico's government has been supportive of shared mobility initiatives, aligning with environmental goals and providing regulatory frameworks for ride-sharing services.
High penetration of smartphones and digital payment solutions has facilitated easy access to shared mobility services, thereby driving the growth of the market over the forecast period.
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Publish Date: Jun 03, 2025
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Uber Technologies Inc | View profile | 30,700 | 1725 3rd Street, San Francisco, CA, United States, 94158 | www.uber.com |
| Avis Budget Group Inc | View profile | 31,000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | www.avisbudgetgroup.com |
| GreenGood Eco-Tech | View profile | 11-50 | Dubai, Dubai, United Arab Emirates, Asia | www.greengood.ae |
| Bayerische Motoren Werke AG | View profile | 154,950 | Petuelring 130, Munich, BY, Germany, 80809 | www.bmwgroup.com |
| Beijing Enterprises Holdings Ltd | View profile | 31,000 | 18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, Hong Kong | www.behl.com.hk |
| Grab Holdings Inc Class A | View profile | 10,604 | 3 Media Close, No. 01-03/06, Singapore, Singapore, 138498 | www.grab.com |
| Lyft Inc Class A | View profile | 2,945 | 185 Berry Street, Suite 400, San Francisco, CA, United States, 94107 | www.lyft.com |
Mexico - Latin America Shared Mobility Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Shared Mobility Market Outlook will help companies and investors design strategic landscapes.
Ride Hailing was the largest segment with a revenue share of 60.71% in 2023.
Horizon Databook has segmented the Mexico - Latin America shared mobility market based on ride hailing, ride sharing, bike sharing, car sharing covering the revenue growth of each sub-segment from 2021 to 2040.
Mexico's shared mobility market is anticipated to account for the fastest growth over the forecast period, owing to the country's issues related to traffic congestion in cities like Mexico City and Guadalajara. Ride-sharing services, including Uber and Didi Chuxing, have gained popularity as an efficient mode of transportation in congested urban environments.
Additionally, bike-sharing services have become widely used in some cities, offering a sustainable and flexible alternative for short trips. Furthermore, Mexico's government has been supportive of shared mobility initiatives, aligning with environmental goals and providing regulatory frameworks for ride-sharing services.
High penetration of smartphones and digital payment solutions has facilitated easy access to shared mobility services, thereby driving the growth of the market over the forecast period.
- Mexico - Latin America Shared Mobility Market Service model Outlook (Revenue, USD Million , 2021-2040)
- Ride hailing
- Bike sharing
- ride sharing
- car sharing
- Others
- Mexico - Latin America Shared Mobility Market Channel Outlook (Revenue, USD Million , 2021-2040)
- Online
- Offline
- Mexico - Latin America Shared Mobility Market Vehicle Outlook (Revenue, USD Million , 2021-2040)
- Cars
- Two-wheelers
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Shared Mobility Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Shared Mobility Market Outlook from 2021 to 2040, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Shared Mobility Market, 2021-2040 (US$M)
Mexico shared mobility market statistics, by service model, 2021-2040 (US$M)
