Latin America Shared Mobility Market Size and Growth Overview (2025-2033)

Market Size in 2024: USD 37.10 Billion

Market Forecast in 2033: USD 105.14 Billion

Market Growth Rate 2025-2033: 12.27%

According to the latest report by IMARC Group, the shared mobility market in Latin America reached USD 37.1 billion in 2024. Looking ahead, the market is expected to reach USD 105.14 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 12.27% from 2025 to 2033. 

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Latin America Shared Mobility Market Trends & Drivers

The Latin American shared mobility market is experiencing robust growth driven by rapid urbanization and increasing congestion in major metropolitan areas. Cities across Brazil, Mexico, Argentina, and Colombia are witnessing a fundamental shift in consumer attitudes toward transportation, with younger generations increasingly favoring access over ownership. The rising cost of vehicle ownership, including fuel prices, insurance, parking fees, and maintenance expenses, is encouraging residents to embrace shared mobility services as economically viable alternatives to private car ownership.

Government initiatives promoting sustainable transportation and reducing carbon emissions are creating favorable regulatory environments for shared mobility operators throughout the region. Environmental consciousness is growing among Latin American consumers, particularly in urban centers, driving demand for eco-friendly transportation options. The proliferation of smartphone technology and improved internet connectivity has made ride-hailing, car-sharing, and bike-sharing services readily accessible to millions of users. Additionally, the integration of electric vehicles into shared mobility fleets is addressing environmental concerns while benefiting from government incentives for clean transportation, positioning the region for continued market expansion through 2033.

Latin America Shared Mobility Industry Segmentation

The report has segmented the market into the following categories:

Breakup by Service Model:

• Ride Hailing
• Bike Sharing
• Ride Sharing
• Car Sharing
• Others

Breakup by Channel:

• Online
• Offline

Breakup by Vehicle Type:

• Car
• Two-wheelers
• Others

Breakup by Region:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

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Competitive Landscape

The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.

Recent News and Developments in Latin America Shared Mobility Market

• July 31, 2024: Uber has announced plans to integrate 100,000 BYD electric cars into its ride-sharing service, aiming to expand its operations in Europe and Latin America. This initiative represents a significant step toward promoting sustainable transportation options on its platform. In addition to using BYD electric vehicles, Uber and BYD will collaborate on the development of autonomous vehicles, further advancing Uber's commitment to innovative mobility solutions.

Key Highlights of the Report

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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