Mexico Ride Hailing Market Overview

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 2.2 Billion

Market Forecast in 2033: USD 7.5 Billion

Market Growth Rate: 13.20%(2025-2033)

According to the latest report by IMARC Group, The Mexico ride hailing market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.5 Billion by 2033, exhibiting a growth rate (CAGR) of 13.20% during 2025-2033.

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Mexico Ride Hailing Market Industry Trends and Drivers:

Mexico’s ride-hailing industry has grown sharply, thanks to urban populations that want convenient and economical ways to get around. The busy cities of Mexico City, Guadalajara and Monterrey are making people rely on ride-hailing apps for convenience. These services let people quickly hire a driver by using their smartphones, instead of calling traditional taxi companies. Many more people now use mobile technology and the internet which has led to the rise of ride-hailing as the top pick for getting around, whether you are a resident or a visitor. Because ride-hailing is flexible, it serves different purposes, making it popular with people across the country at all times.

Mexicans have started using ride-hailing services more because they trust them to be both safe and dependable. When customers see driver ratings, active tracking and open prices, they trust these platforms more. Many people in busy areas prefer having an alternative to crowded buses or uncertain taxis. They have also added things such as emergency tools and round-the-clock customer service to deal with any safety worries. Mexican passengers are drawn to cashless payments and being able to book either an economy or premium ride which helps these services to stay important.

Mexico Ride Hailing Market Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Mexico Ride Hailing Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

The report has segmented the market into the following categories:

Vehicle Type Insights:

• Two-Wheeler
• Passenger Car

Booking Type Insights:

• Online
• Offline

End Use Insights:

• Personal
• Commercial

Regional Insights:

• Northern Mexico
• Central Mexico
• Southern Mexico
• Others

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Mexico Ride Hailing industry.

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 need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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