Challenges and Opportunities in the Latin American Micromobility Market – Forecast to 2025 –…

first_img Twitter Challenges and Opportunities in the Latin American Micromobility Market – Forecast to 2025 – ResearchAndMarkets.com By Digital AIM Web Support – March 4, 2021 Facebook Pinterest WhatsApp Facebook DUBLIN–(BUSINESS WIRE)–Feb 15, 2021– The “Challenges and Opportunities in the Latin American Micromobility Market, Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering. By 2025, market revenue is expected to grow at 6.6% CAGR for the bikesharing market with in excess of 127 thousand units in operation, and at 25.4% CAGR for the shared scooter market that is expected to have more than 100 thousand units in operation. The globally ongoing revolution in mobility technology and business model innovations will disrupt urban ecosystems, changing the way people, goods, and information are transported and localized within cities. In recent years, shared micromobility services, such as dockless scooters and bikesharing systems, have become increasingly popular across Latin American cities. Both local governments and private operators have been driving this market through various innovative business models and technological solutions adapted to the specific complexities of Latin American urban dynamics. The first bike-sharing systems were introduced in Latin America early in 2010, in Mexico City and Buenos Aires. However, those beta test systems were relatively rudimentary in terms of technology as well as operative efficiency. As years passed, more and more public systems were inaugurated across the region, and notable participants (operators, technology suppliers, or both together) positioned themselves in the fast growing shared micromobility market. The implementation of policies to incentivize active mobility has intrinsic objectives of diminishing private car usership, mitigating the negative effects of greenhouse gas emissions, promoting healthier lifestyles, and a general compact and highly efficient and resilient urban design. Many cities such as Santiago or Mexico City have made enormous progress in developing a mature and competitive micromobility service ecosystem. In late 2019, there were more than 59.5 thousand bikesharing units in operation in Latin American cities, operated by more than 30 companies. Moreover, there were 11 recently introduced shared scooter operators available in dozens of cities, with an estimated fleet in excess of 36.5 active devices. This research service examines the challenges and opportunities in the operation of shared micromobility services in the region. Many companies across the region have been facing substantial restraints for the development of their activities. Some of these are: the overall vulnerability of some business models, lack of profitability, stringent and inefficient municipal regulations, vandalism and theft impacting asset safety, and the devastating short-term impacts of COVID-19 lockdown measures in early 2020. There was a 31.6% fall in revenue from the bikesharing market and a 74.9% decline in shared scooter service market revenue, with many operators leaving the market. However, in the mid term, this research service has identified considerable growth opportunities for the overall shared micromobility market in LATAM, driven by market innovations, changes in mobility habits and transport modal choice behavior, and the vacant demand left after the 2020 COVID-19 crisis. Key Topics Covered: Strategic ImperativesWhy is it Increasingly Difficult to Grow?The Strategic ImperativeThe Impact of Strategic Imperative on the Shared Micromobility MarketGrowth Opportunities Fuel the Growth Pipeline Engine Growth Opportunity AnalysisLatin American Shared Micromobility Market OverviewShared Micromobility Market SegmentationKey Competitors in the LATAM Shared Micromobility MarketKey Growth Metrics for the Shared Micromobility MarketGrowth Drivers for the Shared Micromobility MarketGrowth Restraints in the Shared Micromobility MarketForecast AssumptionsFleet in Operation and Revenue Forecast-Shared Micromobility MarketRevenue Forecast Discussion-Shared Micromobility MarketRevenue Forecast by Segment-Shared Micromobility MarketRevenue Forecast by Region-Shared Micromobility MarketRevenue Forecast Analysis by Region-Shared Micromobility MarketCompetitive Environment-Shared Micromobility MarketMarket Share-Bike-sharing ServiceMarket Share-Shared Scooter ServiceMarket Share Analysis Trends Impacting the Shared Micromobility MarketMain Trends Impacting the LATAM Bike Sharing MarketTrend 1-Impact of the COVID-19 PandemicTrend 2-New Urban Infrastructure for Active MobilityTrend 3-New Shared Micromobiltiy TechnologiesTrend 4-New Shared Micromobiltiy Business ModelsTrend 5-Multimodality and Mobility-as-a-Service IntegrationTrend 6-Changing Mobility PatternsTrend 7-Delivery App IntegrationTrend 8-Rise of Corporate Mobility Solutions Bikesharing Market AnalysisKey Findings-BikeSharing MarketKey Growth Metrics for the Bikesharing MarketRevenue and Fleet in Operation Forecast-Bikesharing MarketForecast Discussion-Bike Sharing MarketRevenue Forecast by Country-Bikesharing MarketFleet in Operation Forecast by Country-Bikesharing MarketMarket Share Analysis-Bikesharing MarketCompany Profile Case Study-PBSC Urban SolutionsBike-sharing Systems Across Latin American CitiesPublic Bike-sharing Systems in LATAM CitiesPrivate Bike-sharing Systems in LATAM Cities Shared Scooter Market AnalysisKey Findings-Shared Scooter MarketKey Growth Metrics-Shared Scooter MarketRevenue and Fleet in Operation Forecast-Shared Scooter MarketForecast Discussion-Shared Scooter MarketRevenue Forecast by Country-Shared Scooter MarketFleet in Operation Forecast by Country-Shared Scooter MarketMarket Share Analysis-Shared Scooter Market Growth OpportunitiesGrowth Opportunity: Disrupting the Existing Shared Micromobility Ecosystem by Enhanced Technology and Strategic Partnering Next Steps For more information about this report visit https://www.researchandmarkets.com/r/5lypk4 View source version on businesswire.com:https://www.businesswire.com/news/home/20210215005231/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: SOUTH AMERICA CARIBBEAN INDUSTRY KEYWORD: TECHNOLOGY TRANSPORT OTHER TECHNOLOGY OTHER TRANSPORT SOURCE: Research and Markets Copyright Business Wire 2021. 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