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Latin America welcomed its first bikesharing systems in the early 2010s. Ever since, the regional fleet has grown to more than 45,000 units. City governments have played a big part in developing this industry, with many public system initiatives under their management. Tembici was an early entrant in Brazil during the industry’s formative years...

In 2019, the Latin American economies faced several challenges, including generalized social unrest, economic crises in some countries, and political instability, all of which had a certain impact on local light vehicle (LV) markets. From 6.1 million units commercialized in 2018, the market fell by 5.0% to merely 5.8 million units in 2019, far from...

Connected, autonomous, shared, and electric mobility in Latin America are in varying growth stages. Connected and shared mobility segments are growing, while electric and autonomous mobility segments remain nascent. Local mobility companies continue to expand, although foreign companies hold the majority market share in some segments, such as ride-...

The Latin American automotive industry continues to grow, despite COVID-19, scarcity of resources and auto parts, the Russo-Ukrainian War, inflation, and exchange rates affecting vehicles’ availability and prices. With 4.4 million units sold and a slow recovery from the pandemic, Latin American automotive expanded by 2.7% in 2022. Ecuador showed...

In 2020, there was a 26.8% drop in total LATAM passenger vehicle sales, equivalent to a reduction of 1.5 million units. The Brazilian market was responsible for the largest drop in units, reaching 710,000 units less than 2019, followed by Mexico’s 368,000 unit drop. The automakers had different strategies for this period, from closing plants to dev...

31 Oct 2022  |  Global  |  Market Research

Strategic Insights on Future Smart Parking Systems

Global Market to Reach $18 Billion By 2030 With IoT, Blockchain, and RFID Reshaping Business Models and Enhancing Management Solutions

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This study offers strategic insights into the technologies and trends affecting the smart parking market. Digital technologies, such as IoT, 5G, and blockchain, have helped consumers locate parking lots through cell phones and vehicle infotainment systems. Image processing, RFID, and ground sensors have simplified the parking monitoring process wit...