Public Transportation - South America

South America is expected to witness a steady rise in the Public Transportation market's revenue, projected to reach US$16.15bn by 2024.
The market is expected to grow at an annual rate of 2.90% from 2024 to 2029, ultimately reaching a projected market volume of US$18.63bn by 2029.
By that time, the number of users is expected to reach 272.30m users, with a projected user penetration rate of 64.0% in 2029, compared to 60.2% in 2024.
The average revenue per user (ARPU) is expected to be US$64.94.
Furthermore, it is projected that 20% of the total revenue will be generated through online sales by 2029.
When compared globally, United States will generate the majority of the revenue in the Public Transportation market, projected to be US$52bn in 2024.
In Brazil, the public transportation market is undergoing modernization efforts to improve efficiency and reduce traffic congestion in major cities.

Definition:

Local public transportation is used to transport people in everyday traffic by road, water, railway tracks, and sometimes by air (cable car) for local and regional transportation. In this market, revenues generated by ticket sales from public transportation companies, such as BVG (Berlin Transport Company), TfL (Transport for London), or Toei (東京都交通局: Tokyo Metropolitan Bureau of Transportation) are considered. Most providers sell single and group tickets or time-limited tickets for up to one year. This market does not take long-distance public transportation with national travel offerings into consideration.

Additional Information:

The main performance indicators of the Flights 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.

Local and regional public transportation by road, water, rail, and air
Regular transportation by bus, train, tram, subway, suburban trains, ferries, cable car, and trolleybus
All online and offline bookings for public transportation tickets and subscriptions, irrespective of the sales channel
Time-limited subscriptions and single tickets

Tickets for long-distance public transportation with nationwide travel offers
Private transportation
Freight transportation

The Public Transportation market in South America is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory. Customer preferences in South America are shifting towards more sustainable and efficient modes of transportation. With increasing concerns about climate change and environmental sustainability, there is a growing demand for public transportation options that reduce carbon emissions and promote a greener lifestyle. Additionally, the rising urban population in South America has led to increased congestion and traffic problems, making public transportation a more attractive option for many people. Trends in the market are also driving the development of the Public Transportation sector in South America. Governments across the region are investing heavily in infrastructure development, including the expansion of public transportation networks. This includes the construction of new subway lines, bus rapid transit systems, and the introduction of electric buses. These investments are aimed at improving mobility, reducing congestion, and providing affordable transportation options to the growing urban population. Local special circumstances in South America also play a role in the development of the Public Transportation market. Many countries in the region have large income disparities, with a significant portion of the population living in poverty. Public transportation is often the most affordable option for low-income individuals, making it an essential service for many people. Governments recognize this and are investing in public transportation as a means of promoting social inclusion and reducing inequality. Underlying macroeconomic factors are also contributing to the growth of the Public Transportation market in South America. Economic growth in the region has led to increased urbanization and a higher demand for transportation services. As more people move to cities in search of better job opportunities, the need for efficient and reliable public transportation becomes paramount. Additionally, governments in South America are increasingly recognizing the economic benefits of investing in public transportation, including job creation and increased productivity. In conclusion, the Public Transportation market in South America is experiencing significant growth and development. Customer preferences for sustainable and efficient transportation, along with government investments in infrastructure and a focus on social inclusion, are driving this positive trend. The underlying macroeconomic factors of urbanization and economic growth further contribute to the expansion of the market. As a result, the Public Transportation sector in South America is poised for continued growth in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of public transportation.

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.