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