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eHailing, Bike Sharing, and Integrated Mobility Offers Immense Growth Opportunities and New Revenue Potential
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The mobility market in Latin America is rapidly moving towards offering new mobility business models that are focused on an on-demand, integrated, multi-modal mobility network, driven by changing demographics, preferences, and technologies. Mobility in Latin America, although rapidly changing, still focuses heavily on traditional modes and personal vehicle ownership. However, Latin America has been experiencing disruption over the past 3-5 years. Business models embodying the sharing economy are rapidly growing. These solutions are becoming an additional alternative to everyday mobility. While in some cases this is primarily complementing vehicle ownership, signs of replacing ownership is also selectively being witnessed among some demographics. The aim of this study is to research, analyze, and forecast the market for new mobility business models in Latin America and discuss the growing trends in shared and integrated mobility towards 2023, focusing on Argentina, Brazil, Chile, and Mexico.Research Scope:New Mobility Business Models: Carsharing, Bike Sharing, Ride Sharing, E-Hailing, Integrated Mobility, Corporate MobilityGeographical Scope: Latin America: Argentina, Brazil, Chile and MexicoStudy Period: 2016–2023A change to the mobility ecosystem towards solutions that are on-demand is providing new opportunities and the market is witnessing the entry of a number of new non-traditional stakeholders. This wide-scale disruption is heavily impacting traditional market structures and the positioning of traditional ecosystem participants among new competition is leading to the need to respond to changes in terms of regulations, investment, and market structure. This study focuses on 4 key markets - Argentina, Brazil, Chile, and Mexico and discusses various new mobility models including bike sharing, carsharing, e-hailing, integrated mobility, and corporate mobility. It provides insights into the market structure, the competitive landscape, and also market trends and forecasts towards 2023. The study presents the growth in mobility infrastructure and mobility-related regulations as these aspects form the bedrock for the functioning of new mobility business models. The study then concludes by presenting the overall disruption and transformation that the landscape is experiencing in LATAM, with several company exhibits, growth opportunities, key conclusions, and Frost & Sullivan's top predictions towards 2023.Key Questions This Study will Answer:What are key trends impacting the evolution of new mobility business models in Latin America? How are each of the key regions placed with regards to new mobility business models?Which new mobility business model is expected to have the highest growth potential and what is the forecast for the various select models?Which are the key market participants across the regions and under each of the new mobility business models? What are the business models that are followed?What is the current structure and future outlook for infrastructure related to urban mobility in Latin America? What are some of the key regulations impacting change and what are the imperatives for success and growth in this space?What are the key study conclusions and future outlook for new mobility business models in LATAM? What are the key growth opportunities and which are the companies disrupting the value chain?
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