The Latin America on-demand delivery services market size reached USD 1.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.0 Billion by 2033, exhibiting a growth rate (CAGR) of 18.5% during 2025-2033. The market is propelled by the increasing smartphone penetration and internet accessibility, an expanding middle class with higher disposable incomes, growth in e-commerce and digital payment options, and supportive government policies promoting digital economies.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1.1 Billion |
Market Forecast in 2033 | USD 6.0 Billion |
Market Growth Rate 2025-2033 | 18.5% |
Increasing Smartphone Penetration and Internet Accessibility
The rise in smartphone penetration and internet accessibility is accelerating the growth of on-demand delivery services in Latin America. With internet access reaching 78% in 2023, even remote country are gaining connectivity. Affordable devices and expanded network coverage have enabled a larger population to access delivery platforms, broadening the customer base. Consumers increasingly rely on these apps for the convenience of doorstep deliveries, spanning food, groceries, and retail items. Urban areas, in particular, have seen a surge in adoption, with digital platforms becoming an integral part of everyday life. Additionally, growing financial inclusion through digital payments has further supported this shift. As more individuals experience the benefits of quick and reliable service, demand continues to rise. The accessibility of digital solutions is not only enhancing consumer convenience but also fostering opportunities for delivery service providers to expand their reach, establishing a solid foundation for long-term market growth.
Growing Shift toward Affordable Electric Mobility in Urban Transport
Electric vehicle adoption is accelerating in urban transport systems, driven by partnerships that make EVs more accessible to drivers. Competitive pricing and flexible financing options are reducing upfront costs, encouraging wider EV usage. Additionally, support services like discounted charging, maintenance, and insurance enhance affordability. This shift not only reduces carbon emissions but also aligns with clean energy goals, making sustainable mobility a practical choice for ride-hailing and delivery services. Latin America and Europe are witnessing increased investments in electrified fleets, reinforcing the movement toward greener, more efficient urban transportation. As financial and logistical barriers decrease, more drivers are expected to embrace electric vehicles, contributing to lower emissions and improved air quality. For instance, in July 2024, Uber and BYD announced a strategic partnership to introduce 100,000 BYD electric vehicles (EVs) to Uber's platform, starting in Europe and Latin America. This initiative aims to provide Uber drivers with competitive pricing and financing options for EVs, reducing ownership costs and promoting sustainable transportation.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on service type and end user.
Service Type Insights:
The report has provided a detailed breakup and analysis of the market based on the service type. This includes transportation, warehousing, and value added services.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes B2B, B2C, and C2C.
Country Insights:
The report has also provided a comprehensive analysis of all the major country markets, which include Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Service Types Covered | Transportation, Warehousing, Value Added Services |
End Users Covered | B2B, B2C, C2C |
Countries Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: