Latin America Shared Mobility Market

Latin America Shared Mobility Market Size and Share: 

The Latin America shared mobility market size reached USD 37.10 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 105.14 Billion by 2033, exhibiting a growth rate (CAGR) of 12.27% during 2025-2033. The market is driven by rapid urbanization, rising fuel costs, a growing emphasis on sustainability, government support for eco-friendly initiatives, increasing urban congestion issues, a shift towards flexible transportation solutions, rising integration of multimodal transport systems, and the growth of mobile applications for easy access to services.

Latin America Shared Mobility Market Trends:

Rise of electric vehicles (EVs) and autonomous vehicles (AVs)

The emergence of electric vehicles (EVs) and autonomous vehicles (AVs) in the market is now part of sustainable, efficient urban mobility. With the growing concern about the environment, electric vehicles have offered their clean alternative to modern gasoline cars as a meaningful tool for lowering carbon emissions. For instance, in November 2024, Brazil witnessed 51,000 BYD cars on the road, representing 72% of imported vehicles. The new Camaçari plant, costing $1 billion, will produce 150,000 cars in 2025. In recent years, the Latin America government has been increasingly facilitating the switch to EVs by providing incentive programs and subsidies, as well as developing supportive infrastructure in the form of charging stations which are primarily designed for deployment especially in shared mobility services. The integration of autonomous vehicles (AV) technology, thus enhancing safety and reducing operational costs for transport providers. Since AVs operate independently without dependence on human drivers, shared mobility companies are fleet managing toward better reach and service efficiency to meet the ever-growing demand for accessible and sustainable urban mobility solutions. Some other partnerships are powering automakers, tech companies, and shared mobility companies in the fast adoption of EVs and AVs across Latin America.

Increasing investments in transportation infrastructure

The massive inflow of investment in transportation infrastructure is one of the driving factors of the growing Latin America shared mobility market, with governments and private enterprises acknowledging the need for modern, efficient transport systems to support an expanding urban populace. Investments are being made to improve road networks, public transport infrastructures, and dedicated lanes for shared mobility services, thus uplifting the connectivity and accessibility levels in the cities. For instance, in February 2025, the Patrick J. Ottensmeyer International Rail Bridge became operational, enhancing trade between Mexico, the U.S., and Canada. The $100 million project boosts cargo mobility and strengthens North American connectivity. The improved infrastructure is facilitating consumer adoption of shared transport solutions, making shared mobility a more accessible and practical choice for urban residents. Moreover, the development of multimodal transport hubs integrates various transportation options, such as buses, trains, and ride-sharing services, facilitating seamless transitions for commuters. This interconnected facility is encouraging the use of shared mobility by providing convenient alternatives to private vehicle ownership. Apart from this, enhanced infrastructure also promotes the establishment of charging stations for electric vehicles, further bolstering consumer confidence in shared mobility services. Furthermore, these investments play a vital role in stimulating economic growth, attracting startups and established companies to enter the shared mobility space, thereby facilitating competition and innovations.

Latin America Shared Mobility Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on service model, channel, and vehicle type.

Service Model Insights:

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

The report has provided a detailed breakup and analysis of the market based on the service model. This includes ride hailing, bike sharing, ride sharing, car sharing, and others.

Channel Insights:

• Online
• Offline

A detailed breakup and analysis of the market based on the channel have also been provided in the report. This includes online and offline.

Vehicle Type Insights:

• Car
• Two-wheelers
• Others

A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes car, two-wheelers, and others.

Country Insights:

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

The report has also provided a comprehensive analysis of all the major country markets, which include Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.

Competitive Landscape:

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.

Latin America Shared Mobility Market News:

• July 31, 2024: Uber announced plans to integrate 100,000 electric BYD cars into its ride-hailing service, with a focus on expanding operations in Europe and Latin America. This initiative marks a significant step towards promoting sustainable transportation options within its platform. In addition to utilizing BYD's electric vehicles, Uber and BYD will collaborate on the development of "autonomous-capable vehicles," further advancing Uber's commitment to innovative mobility solutions.

Latin America Shared Mobility Market Report Coverage:

Key Questions Answered in This Report:

• How has the Latin America shared mobility market performed so far and how will it perform in the coming years?
• What is the breakup of the Latin America shared mobility market on the basis of service model?
• What is the breakup of the Latin America shared mobility market on the basis of channel?
• What is the breakup of the Latin America shared mobility market on the basis of vehicle type?
• What is the breakup of the Latin America shared mobility market on the basis of country?
• What are the various stages in the value chain of the Latin America shared mobility market? 
• What are the key driving factors and challenges in the Latin America shared mobility?
• What is the structure of the Latin America shared mobility market and who are the key players?
• What is the degree of competition in the Latin America shared mobility market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Latin America shared mobility market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Latin America shared mobility market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Latin America shared mobility industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.