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Key regions: South America, Malaysia, India, Indonesia, Saudi Arabia
The Bike-sharing market in South America has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to the development of this industry. Customer preferences in South America have played a key role in driving the growth of the Bike-sharing market. With increasing concerns about environmental sustainability, more and more people are opting for eco-friendly transportation options. Bike-sharing provides a convenient and affordable alternative to traditional modes of transportation, making it an attractive option for many consumers. Additionally, the health benefits associated with cycling have also contributed to the popularity of Bike-sharing in South America. Trends in the market have also played a significant role in the growth of the Bike-sharing industry in South America. One notable trend is the increasing adoption of technology in Bike-sharing services. Many Bike-sharing companies now offer mobile apps that allow users to easily locate and rent bikes. This technological advancement has made Bike-sharing more accessible and convenient for consumers, further fueling its growth. Local special circumstances have also contributed to the development of the Bike-sharing market in South America. The region's urban population has been rapidly increasing, leading to congested roads and limited parking spaces. Bike-sharing offers a solution to these challenges by providing a flexible and efficient mode of transportation. Additionally, the warm climate in many parts of South America makes cycling a viable option throughout the year, further boosting the demand for Bike-sharing services. Underlying macroeconomic factors have also played a role in the growth of the Bike-sharing market in South America. The region has experienced economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more people to afford Bike-sharing services and contribute to the market's expansion. Furthermore, government initiatives and support for sustainable transportation have also played a role in promoting the Bike-sharing industry in South America. In conclusion, the Bike-sharing market in South America has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for eco-friendly transportation options, technological advancements, urbanization, favorable climate, and economic growth have all contributed to the development of this industry. As these factors continue to evolve, the Bike-sharing market in South America is expected to further expand in the coming years.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bike-sharing services.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.Mon - Fri, 9am - 6pm (EST)