Quick Overview of the Latin America Carsharing Market Analysis

The objective of the Latin America Carsharing Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Latin America Carsharing Market is valued at 93.65 million in 2023 and is estimated to grow at a CAGR of around 22.7% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments made globally. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Driver Contributing in the Expansion or Reduction in the Latin America Carsharing Industry

Rising Urban Population in Latin America to Soar the Demand for Carsharing Services – The increasing population in Latin America, propelled by expanding employment prospects, income growth, and enhanced living standards, has led to a surge in daily commuters, consequently leading to mounting traffic congestion. As a result, there is a notable upsurge in demand for carsharing services, particularly among daily commuters sharing similar routes.

In response to this growing demand, numerous carsharing service providers are extending their operations into various countries of Latin America. Furthermore, due to its cost-effectiveness, adaptability, and accessibility, the Latin American Carsharing Market is destined for sustained growth in the years to come.

Latin America Carsharing Industry Recent Development:

• 2023: DiDi Subsidary 99taxis planned to double the number of electric cars serving its passengers in Brazil, with a goal of reaching 1,000.
• 2022: Bla Bla Car raised an investment of nearly USD 15 million to support the shared-travel platform’s growth and boost access to affordable, convenient, and environmentally-friendly travel.

A Detailed Outlook of Latin America Carsharing Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, , and global level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments like Segment A, Segment B, Segment C were used to classify the market for this study.

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-By Model

• Business to Consumer (B2C)
• Peer to Peer (P2P)

-By Rental Service

• By Hour
• By Day
• By Month

-By Application

• Web or Mobile Platform
• Third-Party Operator

Geographical analysis:

-By Country

• Brazil
• Mexico
• Argentina
• Chile
• Colombia
• Others

With the largest share in the Latin America Carsharing Market, Brazil is anticipated to observe a significantly higher prevalence of carsharing services in the coming years. It owes principally to the low quality of public transportation infrastructure in the country, which does not suffice the requirement of the public in terms of both scalabilities across different areas & quality, such as overcrowding, frequent delays, and poor conservation.

Therefore, the demand for carsharing services is displayed as a relatively better option of conveyance, and observing increasing demand across the country. Besides, with a higher level of informal employment, it is becoming an attractive way of earning income for numerous Brazilians.

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Lead the Latin America Carsharing Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

• Turbi
• Awto
• Kinto Share
• MoObie
• Movmi
• GEOTAB
• Cambio Carsharing
• Turo
• Float CarShare
• DiDi Colombia
• Others

Some Key Questions Covered in Our Detailed Report

• What are the trends or opportunities of the Latin America Carsharing Market? Will the market increase or decrease in the forecast period?
• Who are the top players in the Latin America Carsharing industry? And which player dominates the market?
• What is the expected demand for different product categories?
• In the upcoming period, which will dominate the market with prominent share?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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