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Key regions: South America, Malaysia, India, Indonesia, Saudi Arabia
The Bike-sharing market in Brazil has been experiencing significant growth in recent years.
Customer preferences: One of the key reasons for the growth of the Bike-sharing market in Brazil is the increasing preference for eco-friendly transportation options. With growing concerns about climate change and environmental sustainability, more and more people are opting for greener modes of transportation. Bike-sharing provides a convenient and eco-friendly alternative to traditional modes of transportation such as cars or public transport.
Trends in the market: Another trend driving the growth of the Bike-sharing market in Brazil is the increasing popularity of urban cycling. As cities become more congested and traffic becomes a major issue, many people are turning to bikes as a faster and more efficient way to navigate through the city. Bike-sharing programs provide a cost-effective solution for urban dwellers who want to avoid traffic and enjoy the benefits of cycling.
Local special circumstances: Brazil has a large population and several densely populated cities, which makes it an ideal market for Bike-sharing services. The country also has a strong cycling culture, with many people using bicycles as a mode of transportation for daily commutes. This cultural inclination towards cycling has created a favorable environment for the growth of the Bike-sharing market in Brazil.
Underlying macroeconomic factors: The economic development in Brazil has also played a role in the growth of the Bike-sharing market. As the country's economy continues to grow, more people have disposable income to spend on leisure activities and transportation options. Bike-sharing services offer an affordable and convenient option for people to explore their cities and enjoy outdoor activities. In conclusion, the Bike-sharing market in Brazil is growing due to customer preferences for eco-friendly transportation options, the increasing popularity of urban cycling, the country's cycling culture, and the underlying macroeconomic factors. As these trends continue to evolve, we can expect further growth in the Bike-sharing market in Brazil.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bike-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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)