Latin America Ride Hailing Service Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Latin America Ride Hailing Service Market

Latin America Ride Hailing Service Market developments include Didi Chuxing launch of Latin America’s first shared electric vehicle fleet through its app in Mexico, as the company further invests in sustainable transportation innovations in the region. In July 2020, Lyft launched The Lyft pass which enabled a means to allow organizations to cover the costs of rides for their people – from employees and essential workers to customers, guests, and patients – while prioritizing safety, convenience, and flexibility.

 Mergers and Acquisitions:

• OLA acquired Pikup on 13 August 2019
• Uber acquired Transplace on 22 July 2021
• Uber acquired Autolab on 06 August 2020

Latin America Ride Hailing Service Market Synopsis

Growing urbanization, rising penetration of the internet coupled with the surging number of smartphone users have augmented the growth of the Ride-Hailing Services market in the Latin America region. Technological advancements, rising preference amongst the people for ride-sharing services which would reduce traffic congestion, and supportive government policies would further fuel the market demand over the coming years.

According to 6Wresearch, Latin America Ride-Hailing Service Market size is expected to register significant growth during 2019-2025. Ride-hailing services have been successful in providing employment opportunities to a large segment of people in Latin America. Government policy, “Brazil’s National Urban Mobility Policy” sets goals which include shared mobility, promoting sustainability, and developing innovative technologies that would give a boost to the ride-hailing services.

Brazil is the leading market for ride-hailing services in the country and has recorded high revenues over the past five years owing to the relaxed government regulations. Whereas, countries such as Mexico and Argentina have faced strict government laws against cash fare payment for ride-hailing services which have adversely affected the market growth.

The Four-wheeler segment is expected to dominate the ride-hailing services market during the forecast period owing to the maximum demand amongst the office commuters. The various technological innovations for digital payments, safety, and comfort for riders, as well as drivers, etc., have further helped in the growth of the four-wheeler segment. Moreover, the two-wheeler segment is also gaining momentum amongst the users.

Latin America Ride-Hailing Services Market report thoroughly covers the market by its vehicle types, service types and countries including Brazil, Mexico, Argentina, and the Rest of Latin America. Latin America Ride-Hailing Services market outlook report provides an unbiased and detailed analysis of the Latin America Ride-Hailing Services market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies according to the future and current market dynamics.

Latin America ride-hailing service market is estimated to witness progressive growth in the coming years on the back of rising technological advancement such as safety, more space, and digital payments which tends to increase the ratio of using hailing rides compared to ride-sharing service and would propel the significant demand for ride-hailing services in the coming years across the region in the coming timeframe. Further, On the basis of the country, Brazil ride-hailing service market is anticipated to contribute towards the significant growth of the ride-hailing market owing to the rising initiatives towards women-only ride service to ensure safe & comfortable ride for women and would proliferate the growth of Latin America ride-hailing service market in the coming years.

Key Highlights of the Report:

• Latin America Ride-Hailing Services Market Overview
• Latin America Ride-Hailing Services Market Outlook
• Latin America Ride-Hailing Services Market Forecast
• Historical Data of Latin America Ride-Hailing Services Revenues for the Period 2015-2018
• Latin America Ride-Hailing Services Market Size and Forecast of Revenues, Until 2025
• Historical Data of Latin America Ride-Hailing Services Market Revenues, By Vehicle Types, for the Period 2015-2018
• Market Size & Forecast of Latin America Ride-Hailing Services Market Revenues, By Vehicle Types, until 2025
• Historical Data of Latin America Ride-Hailing Services Market Revenues, By Service Types, for the Period 2015-2018
• Market Size & Forecast of Latin America Ride-Hailing Services Market Revenues, By Service Types, until 2025
• Historical Data of Brazil Ride-Hailing Services Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Brazil Ride-Hailing Services Market Revenues, until 2025
• Historical Data of Mexico Ride-Hailing Services Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Mexico Ride-Hailing Services Market Revenues, until 2025
• Historical Data of Argentina Ride-Hailing Services Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Argentina Ride-Hailing Services Market Revenues, until 2025
• Historical Data of Rest of Latin America Ride-Hailing Services Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Rest of Latin America Ride-Hailing Services Market Revenues, until 2025
• Market Drivers and Restraints
• Latin America Ride-Hailing Services Market Trends and Industry Life Cycle
• Latin America Ride-Hailing Services Market Share, By Regions
• Latin America Ride-Hailing Services Market Share, By Players
• Latin America Ride-Hailing Services Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Latin America Ride-Hailing Services Market report provides a detailed analysis of the following market segments:

By Vehicle Types:

• Two-Wheeler
• Three-Wheeler
• Four-Wheeler
• Others

By Service Types:

• E-Hailing
• Car Sharing
• Rental

By Countries:

• Mexico
• Brazil
• Argentina
• Rest of Latin America

Latin America Ride Hailing Service Market (2019-2025): FAQs