Shared Mobility - Argentina

Argentina

Highlights

Argentina is expected to witness a significant growth in the Shared Mobility market, with its revenue projected to reach US$18.85bn by 2024.
The market is expected to grow at an annual growth rate of 4.27%, resulting in a projected market volume of US$23.23bn by 2029.
The largest market in Argentina's Shared Mobility market is Flights, with a projected market volume of US$10.04bn in 2024.
In the Public Transportation market, the number of users is expected to reach 29.92m users by 2029.
The user penetration rate is projected to be 94.9% in 2024, which is expected to increase to 95.0% by 2029.
The projected average revenue per user (ARPU) for Argentina is US$431.20.
By 2029, 68% of the total revenue in Argentina's Shared Mobility market will be generated through online sales.
It is interesting to note that in global comparison, China is expected to generate the most revenue in the Shared Mobility market, with its revenue projected to reach US$365bn in 2024.
Argentina's shared mobility market is seeing an increase in demand for electric scooters and bikes as a more sustainable alternative to traditional transportation options.

Key regions:

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.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Shared Mobility market in Argentina has been experiencing significant growth and evolution in recent years.

Customer preferences: Argentinian consumers are increasingly opting for shared mobility services due to the convenience and cost-effectiveness they offer. With the rise of urbanization and traffic congestion in major cities, people are turning to shared mobility options as a more efficient way to commute. Additionally, the younger generation, in particular, is embracing the concept of shared mobility as they prioritize sustainability and flexibility in their transportation choices.

Trends in the market: One noticeable trend in the Shared Mobility market in Argentina is the increasing popularity of bike-sharing and scooter-sharing services. These options provide a convenient and environmentally friendly way for people to navigate through congested urban areas. Moreover, ride-hailing services are also gaining traction, offering an alternative to traditional taxi services. The market is witnessing a shift towards more diverse shared mobility solutions to cater to the varying needs of consumers.

Local special circumstances: Argentina's Shared Mobility market is influenced by unique local circumstances such as government regulations and infrastructure development. The government's support for sustainable transportation initiatives and the improvement of bike lanes and public transportation systems have contributed to the growth of shared mobility services in the country. Additionally, the cultural shift towards sharing economy models is further driving the adoption of shared mobility solutions among Argentinian consumers.

Underlying macroeconomic factors: The economic landscape in Argentina plays a significant role in shaping the Shared Mobility market. As the country faces economic challenges and fluctuating fuel prices, consumers are seeking cost-effective transportation options, making shared mobility services an attractive choice. Moreover, the increasing smartphone penetration and digital payment systems in Argentina have facilitated the widespread adoption of shared mobility platforms, making it easier for people to access and use these services.

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.