Brazil Shared Mobility Market Size & Outlook, 2023-2040
Brazil shared mobility market, 2018-2040 (US$M)
Related Markets
Brazil shared mobility market highlights
- The Brazil shared mobility market generated a revenue of USD 4.5 million in 2023 and is expected to reach USD 18.8 million by 2040.
- The Brazil market is expected to grow at a CAGR of 8.8% from 2024 to 2040.
- In terms of segment, ride hailing was the largest revenue generating service model in 2023.
- Bike sharing is the most lucrative service model segment registering the fastest growth during the forecast period.
Shared mobility market data book summary
| Market revenue in 2023 | USD 4.5 million |
| Market revenue in 2040 | USD 18.8 million |
| Growth rate | 8.8% (CAGR from 2023 to 2040) |
| Largest segment | Ride hailing |
| Fastest growing segment | Bike sharing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2040 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ride hailing, Bike sharing, Ride sharing, Car sharing |
| Key market players worldwide | Beijing Enterprises Holdings Ltd, Bayerische Motoren Werke AG, Grab Holdings Inc Class A, GreenGood Eco-Tech, Lyft Inc Class A, Uber Technologies Inc, Avis Budget Group Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.7% of the global shared mobility market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2040.
- In Latin America, Brazil shared mobility market is projected to lead the regional market in terms of revenue in 2040.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 15.0 million by 2040.
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Shared Mobility Market Scope
Shared Mobility Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil shared mobility market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shared mobility market will help companies and investors design strategic landscapes.
Ride hailing was the largest segment with a revenue share of 62.22% in 2023. Horizon Databook has segmented the Brazil shared mobility market based on ride hailing, bike sharing, ride sharing, car sharing covering the revenue growth of each sub-segment from 2018 to 2040.
Brazil has dominated the shared mobility market in 2022, primarily due to the country's significant urbanization and the challenges posed by traffic congestion, particularly in cities like Sao Paulo and Rio de Janeiro.
The popularity of ride-sharing services like Uber and 99Taxi has risen as commuters seek efficient and cost-effective alternatives to owning personal vehicles. In addition to ride sharing, bike-sharing services have become popular in certain urban areas, addressing the need for eco-friendly and convenient transportation.
Regulatory challenges and safety concerns have been factors impacting market growth, but Brazil's urban population's increasing digital literacy, smartphone adoption, and digital payment methods have facilitated access to shared mobility. As environmental consciousness grows and regulatory frameworks evolve, shared mobility is expected to continue expanding in Brazil, addressing the mobility needs of its urban centers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil shared mobility market , including forecasts for subscribers. This country databook contains high-level insights into Brazil shared mobility market from 2018 to 2040, including revenue numbers, major trends, and company profiles.
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Brazil shared mobility market size, by service model, 2018-2040 (US$M)
Brazil Shared Mobility Market Outlook Share, 2023 & 2040 (US$M)
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