Market Size of Latin America Bike Sharing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Bike Sharing Market Analysis
The Latin America bike sharing market is poised to register a CAGR of over 6% during the forecast period (2020-2025).
- Increasing traffic congestion, insufficient mass public transport, increasing rates of road fatalities, growing awareness among peoples for environmental concerns, will drive the bike sharing market. Bike sharing provide a convenient way of transportation at minimum cost without any hassle.
- The idea of company bike leasing is becoming increasingly popular in Latin America. bike sharing solutions are successfully adapting success stories of developed countries to small Latin American countries.
- After the success of bike sharing option of conventional bikes many startups and companies started adding electric bikes in their fleet or increasing their fleet. For instance, in June 2020, Tembici has received a USD 47 million series B funding by Valor Capital and Redpoint eventures, through which company is planning to double its electric bike fleet and to expand in other major cities of the region.
