South America Ride-Hailing Service Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type (E-hailing, Car Sharing, Car Rental, and Station-based Mobility), Vehicle Type (Two-Wheeler, Three-Wheeler, Four-Wheeler, and Others), Location (Urban and Rural), and End-User (Institutional and Personal)
The ride-hailing service market in South America is expected to grow from US$ 3,098.35 million in 2021 to US$ 5,322.36 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
People who are not capable of purchasing car can experience seamless travel through mobility services. Mobility-as-a-service reduces these costs for the user by maximising the use of transportation services like car sharing and ride hailing. It also reduces traffic congestion and overall automobile emissions in cities. As a result, digitally enabled car sharing and ride-hailing efficiently manage transport demands and provide a convenient and environmentally friendly alternative to private automobile ownership. Moreover, according to statistics, 55 percent of the world's population currently lives in cities, and estimations suggest that by 2050, roughly 68 percent of the population will be living in cities. The rapid pace of urbanization is already leading to traffic congestion. The Mobility as a Service (MaaS) concept may be a better choice for reducing traffic congestion by making greater use of existing public and private transportation infrastructure. The urgent demand for effective solutions to handle traffic in smart cities in a faster, less expensive, and convenient manner is expected to fuel MaaS market growth through 2028. Therefore, the increasing trend of mobility as a Service (MaaS) is expected to fuel the growth of the ride-hailing service market.
In South America, Brazil has witnessed the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. Governments are imposing travel restrictions, lockdowns, and trade bans to contain the infection spread. Thus, the SARS-CoV-2 pandemic has been severely affecting the ride-hailing service market growth in this region. . In 2020, the ride-hailing service across the South America region were majorly affected by the COVID-19 pandemic due to travel ban, flight cancelations, and quarantine measures. However, in 2021, with uplifting of lockdown and vaccination processes, the ride-hailing services have started again due to growing manufacturing & construction activities, and opening of most corporate offices, retail shops & shopping malls has helped in positively driving the demand of ride hailing service market in South America region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America ride-hailing service market. The South America ride-hailing service market is expected to grow at a good CAGR during the forecast period.
South America Ride-Hailing Service Market Revenue and Forecast to 2028 (US$ Million)
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South America Ride-Hailing Service Market Segmentation
South America Ride-Hailing Service Market – By Service Type
- E-hailing
- Car Sharing
- Car Rental
- Station-based Mobility
South America Ride-Hailing Service Market – By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Four-Wheeler
- Others
South America Ride-Hailing Service Market – By Location
- Urban
- Rural
South America Ride-Hailing Service Market – By End-User
- Institutional
- Personal
South America Ride-Hailing Service Market – By Country
- Brazil
- Argentina
- Rest of SAM
South America Ride-Hailing Service Market – Companies Mentioned
- Daimler AG
- Delphi Technologies Plc.
- Didi Global Inc.
- Uber Technologies Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Ride-Hailing Service Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4.......................................................................................................... Expert Opinions
5. South America Ride-Hailing Service Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Thriving Trend of On-Demand Transportation Services
5.1.2 Scaling Cost of Vehicle Ownership
5.2 Market Restraints
5.2.1 Irregular Transport Policies of Different Countries and Resistance from Traditional Transport Services
5.3 Market Opportunities
5.3.1 Occurrence of Autonomous Ride Sharing
5.4 Future Trends
5.4.1 Boost in Trend of Mobility-as-a-Service
5.5 Impact Analysis of Drivers and Restraints
6. South America Ride-Hailing Service Market Analysis
6.1 South America Ride-Hailing Service Market Overview
6.2 South America Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
7. South America Ride-Hailing Service Market Analysis – By Service Type
7.1 Overview
7.2 South America: Ride-Hailing Service Market- By Service Type
7.3 E-hailing
7.3.1 Overview
7.3.2 E-hailing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Car Sharing
7.4.1 Overview
7.4.2 Car Sharing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Car Rental
7.5.1 Overview
7.5.2 Car Rental: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Station-based Mobility
7.6.1 Overview
7.6.2 Station-based Mobility: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Ride-Hailing Service Market – By Vehicle Type
8.1 Overview
8.2 South America Ride-Hailing Service Market, By Vehicle Type (2020 and 2028)
8.3 Two-Wheeler
8.3.1 Overview
8.3.2 Two-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Three-Wheeler
8.4.1 Overview
8.4.2 Three-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Four-Wheeler
8.5.1 Overview
8.5.2 Four-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Ride-Hailing Service Market – By Location
9.1 Overview
9.2 South America Ride-Hailing Service Market- By Location
9.3 Urban
9.3.1 Overview
9.3.2 Urban: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Rural
9.4.1 Overview
9.4.2 Rural: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Ride-Hailing Service Market – By End-User
10.1 Overview
10.2 South America Ride-Hailing Service Market- By End-User
10.3 Institutional
10.3.1 Overview
10.3.2 Institutional: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Personal
10.4.1 Overview
10.4.2 Personal: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
11. South America Ride-Hailing Service Market – Country Analysis
11.1 Overview
11.1.1 South America: Ride-Hailing Service Market- By Key Country
11.1.1.1 Brazil: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Ride-Hailing Service Market- By Service Type
11.1.1.1.2 Brazil: Ride-Hailing Service Market- By Vehicle Type
11.1.1.1.3 Brazil: Ride-Hailing Service Market- By Location
11.1.1.1.4 Brazil: Ride-Hailing Service Market- By End-User
11.1.1.2 Argentina: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Ride-Hailing Service Market- By Service Type
11.1.1.2.2 Argentina: Ride-Hailing Service Market- By Vehicle Type
11.1.1.2.3 Argentina: Ride-Hailing Service Market- By Location
11.1.1.2.4 Argentina: Ride-Hailing Service Market- By End-User
11.1.1.3 Rest of South America: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of South America: Ride-Hailing Service Market- By Service Type
11.1.1.3.2 Rest of South America: Ride-Hailing Service Market- By Vehicle Type
11.1.1.3.3 Rest of South America: Ride-Hailing Service Market- By Location
11.1.1.3.4 Rest of South America: Ride-Hailing Service Market- By End-User
12. Impact of COVID-19 Pandemic on South America Ride-Hailing Service Market
12.1 Overview
13. South America Ride-Hailing Service Market-Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 Daimler AG
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Delphi Technologies Plc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 DiDi Global Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Uber Technologies Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. South America Ride-Hailing Service Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. South America: Ride-Hailing Service Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Ride-Hailing Service Market- By Service Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Ride-Hailing Service Market- By Service Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America: Ride-Hailing Service Market- By Service Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South America: Ride-Hailing Service Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South America: Ride-Hailing Service Market- By Location –Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South America: Ride-Hailing Service Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Ride-Hailing Service Market Segmentation
Figure 2. South America Ride-Hailing Service Market Segmentation – By Country
Figure 3. South America Ride-Hailing Service Market Overview
Figure 4. E-Hailing Segment is Growing with Highest CAGR in 2020
Figure 5. Four-Wheeler Held the Largest Market Share in 2020
Figure 6. South America Ride-Hailing Service Market, By Country
Figure 7. South America – PEST Analysis
Figure 8. South America Ride-Hailing Service Market– Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. South America Ride-Hailing Service Market: Impact Analysis of Drivers and Restraints
Figure 11. South America Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America: Ride-Hailing Service Market Revenue Share, By Service Type (2020 and 2028)
Figure 13. E-hailing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Car Sharing: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Car Rental: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Station-based Mobility: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Ride-Hailing Service Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 18. Two-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Three-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Four-Wheeler: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. South America Ride-Hailing Service Market Revenue Share, By Location (2020 and 2028)
Figure 23. Urban: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rural: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. South America Ride-Hailing Service Market Revenue Share, By End-User (2020 and 2028)
Figure 26. Institutional: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Personal: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South America Overview of Ride-Hailing Service Market
Figure 29. South America: Ride-Hailing Service Market Revenue Share, By Key Country (2020 and 2028)
Figure 30. Brazil: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Argentina: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of South America: Ride-Hailing Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic In South America Country Markets
- Daimler AG
- Delphi Technologies Plc.
- Uber Technologies Inc.
- Didi Global Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America ride-hailing service market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America ride-hailing service market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the ride-hailing service market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution