Key regions: Germany, Europe, India, Indonesia, United States
The Moped-sharing market in South America has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in South America have played a crucial role in driving the growth of the Moped-sharing market. With increasing urbanization and traffic congestion in many South American cities, people are seeking alternative modes of transportation. Moped-sharing offers a convenient and affordable solution for short-distance travel, allowing commuters to navigate through congested streets quickly and easily. Additionally, the younger generation, who are more environmentally conscious, are embracing Moped-sharing as a sustainable and eco-friendly transportation option. Trends in the market have also contributed to the growth of Moped-sharing in South America. One key trend is the rise of smartphone usage and mobile applications. Moped-sharing companies have capitalized on this trend by developing user-friendly apps that allow customers to locate and unlock mopeds with ease. This technological advancement has made Moped-sharing more accessible and convenient for users, further driving its popularity in the region. Local special circumstances in South America have also influenced the development of the Moped-sharing market. In many cities, public transportation options may be limited or unreliable, making Moped-sharing an attractive alternative. Additionally, the relatively low cost of operating and maintaining a moped compared to a car has made it an appealing option for individuals seeking affordable transportation solutions. Underlying macroeconomic factors have also contributed to the growth of the Moped-sharing market in South America. Economic growth and rising disposable incomes have increased the demand for convenient and efficient transportation options. Additionally, the sharing economy has gained traction globally, with people increasingly opting for shared services rather than owning assets. This shift in consumer behavior has created a favorable environment for the growth of Moped-sharing in South America. In conclusion, the Moped-sharing market in South America has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As urbanization and traffic congestion continue to increase, and as consumers seek more sustainable and affordable transportation options, the Moped-sharing market is likely to continue its upward trajectory in the region.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings and revenues of moped-sharing services.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
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