South America Bike Sharing Market: Industry Analysis and Forecast (2021-2027) by Bike Type, Bike Model, Sharing System, and Region.

  • South America Bike Sharing Market size was valued at US$ 99.6 Million in 2020 and the total Latin America Bike Sharing Market revenue is expected to grow at 3.52% through 2021 to 2027, reaching nearly US$ 126.89 Million.

  • Format : PDF | Report ID : SMR_70

South America Bike Sharing Market Overview:

The region have 92 public bike sharing systems operational in 11 Latin American countries by the end of 2020. With 42 systems, Brazil leads the way, followed by Colombia and Latin America with 18 and 15 systems, respectively. The systems were mostly implemented in cities with populations of more than one million people. Cities with populations of 250 to 500 thousand people also have a large number of BSS in operation.

 

South America Bike Sharing Market Dynamics:

The majority of the systems (72.83%) are dock-based, and they are either located in megacities like So Paulo and Mexico City, or little towns like Quimbaya, Colombia, with a population of less than 30 thousand people. In 2008, Rio de Janeiro became the first Latin American city to introduce a bike share scheme. This system, known as SAMBA, consisted of 19 stations and a fleet of 190 bicycles. The number of bike sharing systems grew in the following years, with a surge from 2017 to 2020, when 25 dockless systems and 28 new dock based systems went live. New systems evolved throughout the course of more than a decade after the first BSS was implemented, and some systems were restructured or shut down. In the month of December 2020, 92 systems in Latin America were fully operational. Some systems have modified their infrastructure throughout time by extending their fleet and stations, altering technology, and enhancing their performance in order to meet the expectations and needs of the general public. It's worth noting that over this time, 19 of the examined systems went through a restructuring process.

 

BSSs can be used in conjunction with mass transit systems to aid with the "last-mile" problem. To do this, bike sharing systems are expected to be installed near transit stops, allowing for quick and easy access to bikes. Integrated, high-quality, and easily accessible transit networks are critical for encouraging people to switch from private to public transportation. Lack of coordination, institutional governance, and transportation subsidies, which directly affects low-income groups, is a big problem for citizens, governments, and operators are the factors considered to restrain the growth of the Latin America Bike sharing market.

 
 

System operations in Latin America:

The majority of the systems are operational seven days a week, at various times, mainly between 5 a.m. and 12 a.m. There are 18 systems that are operational 24 hours a day, with some BSSs operating at varying hours on weekends. There are 48 different operators offering their services, with a great majority of private enterprises operating the systems across Latin America. There are 29 free systems, and many of them provide daily, monthly, or annual payment plans, accepting a variety of payment methods such as credit or debit card. For non-compliance with the usage regulation, at least 70 of the systems impose a penalty or charge an additional price. Many of the systems are supported by government agencies, indicating the government's attempts to improve BSS adoption. It's also worth noting that a sizable portion of the systems are backed by financial and healthcare firms.

Station based systems are dominating the Latin America bike sharing market:
 

• Tembici, the largest station-supported bike sharing scheme in Latin America, was developed in collaboration with local bank Ita-Unibanco. Although the scheme began in Brazil (in 18 cities as of January 2019), Stage Intelligence, an artificial intelligence (AI) platform provider, is planning to roll it out in Santiago and Buenos Aires soon.

 

• Since the second semester of 2017, the London-based AI firm has collaborated with Central American bike sharing operator BKT biciplica (BKT) in Mexico. It is collaborating with BKT and its MIBICI bike sharing system in Guadalajara, the state capital of Jalisco, using its BICO platform.

 

• Stage Intelligence recently signed an agreement with CityBike Per, a subsidiary of Moventia, a Spanish transportation and mobility provider. In Lima, the two are establishing a 50-station bike plan, with a fleet of 500 bicycles to begin with.

 

Bikesantiago and Bici Las Condes in Santiago, Ecobici in Buenos Aires and Mexico City, Encicla in Medellin, Movete in Montevideo, and Bici Q in Quito are among the various dock-based programmes in Latin America. Station-based bicycles are less vulnerable to vandalism and theft since they are not at risk of being left in potentially unsafe neighbourhoods if they are not tied to a station. It is also less hard logistically because they always have a station to travel to, but you will need a well-organized management system, such as the BICO platform, to ensure that your bikes are docked in proper spots.

 
Dockless Bike sharing is expected to boom during the forecast period:
 

Dockless bike sharing is a little more difficult to come by, but it is a rapidly expanding scheme that is being used in an increasing number of locations around Latin America. Yellow, a Brazilian bike and scooter sharing business, is one of the region's most popular options. It formed Grow Mobility, a last-mile mobility group, with Mexican electric scooter sharing startup Grin in late January.

 

Between October 2018 and January 2019, the company, which operates 135,000 automobiles in six Latin American nations, raised US$259 million in secured funding (2019). It will, however, have to compete with multinationals such as Mobike and Ofo, both of which are based in China. While a dock-based system makes it easy to find a bicycle, it can be inconvenient when it comes to parking at the arrival site because a nearby station may not be accessible.

 

A dockless bike is the polar opposite of a docked bike. While cyclists can arrive at their destination and simply park their bike nearby, finding a free-floating bike in a remote location can be difficult. However, if you live in a very business zone or in a better neighborhood, this is unlikely to be an issue. A few defensive actions can reduce the risk of damage and theft described before. In addition to each bike having a sophisticated tracking mechanism, Yellow Bike incorporates unusual bike parts.

 

South America Bike Sharing Market Scope:

South America Bike Sharing Market

Segmentation

Market Indicators:

Details

by  Bike Type

•    E-bikes

•    Conventional bikes

Historical Data:

2016-2019

by Model

•    Free-floating

•    P2P

•    Station based

Forecast Period:

2021-2027

by Sharing System

•    Dockless

•    Docked

•    Hybrid

Base Year:

2020

by  Country

•    Brazil

•    Argentina

•    Rest of Latin America

 

CAGR:

3.50%

Market Size in 2020:

US $ 99.6 Mn.

Market size in 2027:

US $ 126.89 Mn.

 

South America Bike Sharing Market Players

• Ecobici

• Bici Q

Encicla

• Movete

• BKT

• Moventia

• Tembici

• Bike Santiago


Frequently Asked Questions

Latin America Bike Sharing Market revenue is expected to grow at 3.52% through 2021 to 2027

Chapter 1 Scope of the Report
Chapter 2 Research Methodology

      2.1. Research Sharing System
      2.2. South America Bike Sharing Market: Target Audience
      2.3. South America Bike Sharing Market: Primary Research (As per Client Requirement)
      2.4. South America Bike Sharing Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape

      4.1. Market Share Analysis, By Value, 2021-2027
            4.1.1.  South America Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                  4.1.1.1. Brazil Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                  4.1.1.2. Argentina Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                  4.1.1.3. Rest of South America Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
            4.1.2.  South America Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                  4.1.2.1. Brazil Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                  4.1.2.2. Argentina Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                  4.1.2.3. Rest of South America Market Share Analysis, By Model, By Value, 2021-2027 (In %)
            4.1.3. South America Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                  4.1.3.1. Brazil Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                  4.1.3.2. Argentina Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                  4.1.3.3. Rest of South America Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
      4.2. Stellar Competition matrix
            4.2.1. South America Stellar Competition Matrix
      4.3. Key Players Benchmarking 
            4.3.1.  Key Players Benchmarking by Product, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
      4.4. Mergers and Acquisitions in Industry
            4.4.1. M&A by Region, Value and Strategic Intent
      4.5. Market Dynamics
            4.5.1. Market Drivers
            4.5.2. Market Restraints
            4.5.3. Market Opportunities
            4.5.4. Market Challenges
            4.5.5. PESTLE Analysis
            4.5.6. PORTERS Five Force Analysis
            4.5.7. Value Chain Analysis
Chapter 5 South America Bike Sharing Market Segmentation: By Bike Type
      5.1. South America Bike Sharing Market, By Bike Type, Overview/Analysis, 2021-2027
      5.2. South America Bike Sharing Market, By Bike Type, By Value, Market Share (%), 2021-2027 (USD Million)
      5.3. South America Bike Sharing Market, By Bike Type, By Value, - 
            5.3.1. E-bikes
            5.3.2. Conventional bikes
Chapter 6 South America Bike Sharing Market Segmentation: By Model
      6.1. South America Bike Sharing Market, By Model, Overview/Analysis, 2021-2027
      6.2. South America Bike Sharing Market Size, By Model, By Value, Market Share (%), 2021-2027 (USD Million)
      6.3. South America Bike Sharing Market, By Model, By Value, - 
            6.3.1. Free-floating
            6.3.2. P2P
            6.3.3. Station based
Chapter 7 South America Bike Sharing Market Segmentation: By Sharing System
      7.1. South America Bike Sharing Market, By Sharing System, Overview/Analysis, 2021-2027
      7.2. South America Bike Sharing Market Size, By Sharing System, By Value, Market Share (%), 2021-2027 (USD Million)
            7.2.1.South America Bike Sharing Market, By Sharing System, By Value, - 
                  7.2.1.1. Dockless
                  7.2.1.2. Docked
                  7.2.1.3. Hybrid
Chapter 8 South America Bike Sharing Market Size By Country, By Value, 2021-2027 (USD Million)
            8.1.1. Brazil
            8.1.2. Argentina
            8.1.3. Rest of South America
Chapter 9 Company Profiles
      9.1. Key Players
            9.1.1. Ecobici
                  9.1.1.1. Company Overview
                  9.1.1.2. Bike Type Portfolio
                  9.1.1.3. Financial Overview
                  9.1.1.4. Business Strategy
                  9.1.1.5. Key Developments
            9.1.2. Bici Q
            9.1.3. Encicla
            9.1.4. Movete
            9.1.5. BKT
            9.1.6. Moventia
            9.1.7. Tembici
            9.1.8. Bike Santiago
      9.2. Key Findings
      9.3. Recommendations

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