Mexico Shared Mobility Market Size & Outlook, 2023-2040
Mexico shared mobility market, 2018-2040 (US$M)
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 2023 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ride hailing, Bike sharing, Ride 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.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 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 shared mobility market based on ride hailing, bike sharing, ride sharing, car sharing covering the revenue growth of each sub-segment from 2018 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.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into Mexico shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Mexico shared mobility market size, by service model, 2018-2040 (US$M)
Mexico Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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