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Latin America Carsharing Market to Grow at a CAGR of 5.01% in the Forecast Period of 2021-26

08-26-2021 03:28 PM CET | Tourism, Cars, Traffic

Press release from: MarkNtel Advisors LLP

Latin America Carsharing Market to Grow at a CAGR of 5.01% in

According to a new study by MarkNtel Advisors, the Latin America Carsharing Market” is likely to grow at a CAGR of 5.01% in the forecast period of 2021-26. The significant rise in the demand for carsharing services attributes to the rising environmental concerns and the burgeoning adoption of novel mobility solutions.

Additionally, the rising awareness regarding greenhouse emissions resulting in reduced ownership of private vehicles shall also contribute to the overall market growth, further states the research report “Latin America Carsharing Market Analysis, 2021.”

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Key Questions Answered in the Study
1. What are the current and future trends in the Latin America Carsharing market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across Latin America, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Latin America Carsharing market?
5. What are the customer orientation, purchase behavior, and expectations from carsharing service providers across Latin America?

Impact of COVID-19 Outbreak on the Latin America Carsharing Market

The Covid-19 pandemic severely impacted the overall transportation industry owing to the lockdown imposition, travel restrictions, and fears of contracting & spreading the virus while using carsharing services. Therefore, the demand for carsharing services got severely decreased across Latin America.

For detailed analysis:

The safety concerns will continue to affect the carsharing market growth even after lockdown mandates get entirely lifted. Carsharing companies are rigorously working to retain the trust between passengers & drivers regarding safety & sanitation. The strict cleanliness protocols shall help people to become more comfortable with carsharing services. Hence, it will help the market to recover in the coming future.

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Carsharing Market Analysis in Brazil

The Carsharing industry in Brazil is significantly growing with time. The focus areas for the market development are political & economic situations entwined with customer behavior. Improvements in socioeconomic scenarios like high consumer power and downsides on logistics infrastructure, including the lack of availability of affordable carsharing services, shall have a positive impact on the market growth in the coming years, reveals MarkNtel Advisors in their research report, “Latin America Carsharing Market Analysis, 2021.”

Key Market Competitors:
According to MarkNtel Advisors, the leading industry players in the Latin America Carsharing Market are Turbi, Awto, Kinto Share, MoObie, Movmi, GEOTAB, Cambio Carsharing, Turo, Float CarShare, DiDi Colombia, and Others.

Market Segmentation:
1. By Model (Business to Consumer (B2C) [Round Trip, Free-Floating Service, One Way Services], Peer to Peer (P2P))
2. By Rental Service (By Hour, By Day, By Month)
3. By Application (Web or Mobile Platform, Third-Party Operator)
4. By Country (Brazil, Mexico, Argentina, Chile, Colombia, Others)
5. By Competitor (Turbi, Awto, Kinto Share, MoObie, Movmi, GEOTAB, Cambio Carsharing, Turo, Float CarShare, DiDi Colombia, Others)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Tel: +1 604 800 2671

About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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