Shared Mobility - South America

South America

South America is projected to witness a significant increase in revenue in the Shared Mobility market.
According to the latest projections, revenue in this market is expected to reach €57,650.00m by 2024, with an annual growth rate of 3.34% between 2024 and 2029.
By 2029, the projected market volume in the region is expected to be €67,940.00m.
Flights is the largest market, with a projected market volume of €26,450.00m in 2024.
The number of users in Public Transportation is expected to reach 272.30m users by 2029.
The user penetration is expected to increase from 75.6% in 2024 to 81.1% by 2029 in the Shared Mobility market.
The average revenue per user (ARPU) is expected to be €184.50.
Online sales are projected to account for 64% of total revenue in the Shared Mobility market by 2029.
In global comparison, China is expected to generate the highest revenue of €338bn in 2024.
In Brazil, the shared mobility market is rapidly growing due to the high demand for affordable transportation options in urban areas.

Key regions: United States, Saudi Arabia, Germany, Malaysia, India

Definition:

The Shared Mobility market encompasses a diverse range of long- and short-distance mobility services. As the world moves towards a more connected and digital era, the Shared Mobility market is central to driving innovation, collaboration, and the development of intelligent transportation systems.

Structure:

The market consists of eleven further markets. These include the following markets:

The Car Rentals market contains vehicle rentals that have been booked in person, by telephone via the internet or an app.
The Car-sharing market includes professionally run car-sharing services that provide on-demand access vehicles, allowing users to rent cars for short periods, e.g., by minute or hour.
The Bike-sharing market contains short-term bike-sharing services. Bicycles can be found in the provider’s business zone where they are either parked at designated stations or freely distributed without fixed docks.
The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online.
The Taxi market covers exclusively traditional taxi services booked offline, typically via street hailing or phone calls.
The Flights market contains air travel bookings regardless of the purchase channel, such as an airline's website or a travel agency.
In the Public Transportation market, revenues generated by ticket sales from public transportation companies are considered.

Additional Information:

The main performance indicators of the Shared Mobility market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Mercado

Región

Comparación de regiones

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Analyst Opinion

Shared Mobility services have been rapidly gaining popularity in South America, transforming the way people move around in the region.

Customer preferences: Customers in South America are increasingly looking for convenient and cost-effective transportation options, which has fueled the growth of Shared Mobility services. The younger demographic, in particular, values flexibility and sustainability, making services like ride-sharing, bike-sharing, and scooter-sharing appealing.

Trends in the market: In Brazil, ride-sharing services have seen significant growth, with major players expanding their operations to meet the rising demand for convenient urban transportation. Similarly, bike-sharing services have gained traction in cities like Buenos Aires, Argentina, where initiatives to promote cycling and reduce traffic congestion have been well-received.

Local special circumstances: One of the key factors driving the growth of Shared Mobility in South America is the region's rapidly urbanizing population. As cities become more crowded, there is a growing need for efficient and sustainable transportation solutions. Additionally, the prevalence of smartphone usage and the increasing penetration of mobile internet have made it easier for people to access and use Shared Mobility services.

Underlying macroeconomic factors: Economic factors such as rising income levels and changing consumer behavior have also contributed to the expansion of Shared Mobility in South America. As disposable incomes increase, more people are willing to spend on convenient transportation options rather than owning a vehicle. Furthermore, government initiatives to promote sustainable transportation and reduce carbon emissions have created a favorable environment for Shared Mobility services to thrive.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car rentals, ride-hailing, taxi, car-sharing, bike-sharing, e-scooter-sharing, moped-sharing, trains, buses, public transportation, and flights.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.