South America Bike Sharing Market to Reach USD 140.76 Million by 2030, Growing at a 3.52% CAGR

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South America Bike Sharing Market Overview

The South America Bike Sharing Market was valued at US$ 110.48 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.52%, reaching approximately US$ 140.76 million by 2030. With 92 public bike sharing systems (BSS) operating across 11 countries by 2020, the market is led by Brazil, followed by Colombia and other Latin American countries. These systems primarily serve cities with populations exceeding one million, but smaller urban areas are also adopting bike-sharing solutions.

South America Bike Sharing Market Dynamics

Bike-sharing systems in South America are predominantly dock-based, accounting for 72.83% of all systems. Cities like São Paulo and Mexico City are hubs for such operations, but smaller towns like Quimbaya, Colombia, have also embraced bike-sharing. The first Latin American bike-sharing system was introduced in Rio de Janeiro in 2008, known as SAMBA. Over the years, the market has evolved, with significant growth from 2017 to 2020, seeing 25 dockless and 28 new dock-based systems emerging.

Challenges to the market include poor coordination and governance, and transportation subsidies affecting low-income populations. On the other hand, bike-sharing systems integrated with public transport networks can alleviate last-mile connectivity issues, encouraging public transportation use. Government support, corporate backing from financial and healthcare institutions, and technological advancements are further propelling market expansion.

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South America Bike Sharing Market Segmentation

By Bike Type:

E-bikes: Increasingly popular for longer and more challenging routes.
Conventional bikes: Widely used in urban areas for short-distance travel.

By Model:

Free-floating: Bikes can be parked anywhere, offering flexibility but facing challenges like theft.
P2P (Peer-to-peer): Enables users to rent bikes from other individuals, promoting community-based sharing.
Station-based: These are more secure and logistically simpler but may have limited flexibility.

By Sharing System:

Dockless: Growing rapidly in Latin America, favored for convenience, though harder to manage and prone to theft.
Docked: More common in the region, offering secure parking at designated stations.
Hybrid: A combination of both docked and dockless systems, balancing flexibility and management.

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Country Scope:

Brazil: The largest market for bike sharing with 42 systems.
Argentina: Rapidly growing in bike-sharing adoption.
Rest of South America: Countries like Colombia and Mexico have well-established systems.

Regional Insights: System Operations in Latin America

Bike-sharing operations across Latin America run on flexible schedules, often operating from 5 a.m. to midnight. Some systems, like those in major cities, operate 24/7. The majority of bike-sharing systems are run by private companies, while others are government-supported, providing various subscription options. Brazil’s Tembici, backed by Itaú-Unibanco, is a key player, while systems in Santiago, Buenos Aires, and Lima are expanding with the help of international partners.

Docked vs. Dockless Bike Sharing

Station-based (Docked) Systems: These systems dominate the Latin American market and are less susceptible to vandalism. Bikes are stored at secure stations, making it easier to monitor and manage the system.

Dockless Systems: Gaining popularity for their flexibility, companies like Brazil’s Yellow and Grow Mobility are pioneering this approach, although competition from global players like Mobike and Ofo presents challenges. Dockless systems offer more convenience but require robust tracking and management systems to ensure bikes are used responsibly.

Key Players in the South America Bike Sharing Market

Ecobici: Operates in Buenos Aires and Mexico City.
Bici Q: Active in Quito.
Encicla: Medellin-based operator.
Movete: Montevideo’s bike-sharing system.
BKT: Operates bike-sharing in Central America.
Moventia: A Spanish firm entering the Latin American market.
Tembici: The largest bike-sharing operator in Brazil.

Future Outlook

The South America Bike Sharing Market is expected to expand steadily over the forecast period (2024-2030), driven by urbanization, environmental concerns, and the demand for affordable transportation. Dockless systems, in particular, are set to witness significant growth, supported by innovations in technology and strategic partnerships.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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