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E-Scooter-sharing - Argentina

Argentina

Argentina is expected to witness a significant growth in the E-Scooter-sharing market in the next few years.
By 2024, the revenue in this market is projected to reach US$40.14m, which is expected to show an annual growth rate of 27.15% until 2029.
Consequently, the projected market volume by 2029 is expected to reach US$133.40m.
The number of users in this market is expected to grow as well, amounting to 1,178.00k users by 2029.
Furthermore, the user penetration rate is projected to increase from 1.6% in 2024 to 2.5% by 2029.
The average revenue per user (ARPU) is expected to be US$53.46.
It is anticipated that by 2029, 100% of total revenue will be generated through online sales.
It is interesting to note that in the global comparison, United States is projected to generate the most revenue in this market, reaching US$730,200k in 2024.
However, with the projected growth rate and increasing user penetration, in Argentina could potentially become a significant player in the E-Scooter-sharing market in the coming years.
E-Scooter-sharing in Argentina is gaining popularity as a cost-effective and eco-friendly solution for urban transportation.

Key regions: China, Germany, Thailand, Saudi Arabia, India

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Analyst Opinion

The E-Scooter-sharing market in Argentina is experiencing significant growth and development.

Customer preferences: Customers in Argentina are increasingly turning to e-scooter sharing as a convenient and eco-friendly mode of transportation. The younger population, in particular, is embracing this trend, as they are more open to adopting new technologies and are conscious about reducing their carbon footprint. Additionally, the ease of use and flexibility of e-scooters make them attractive to urban dwellers who are looking for alternative transportation options to avoid traffic congestion and parking issues.

Trends in the market: One of the key trends in the e-scooter-sharing market in Argentina is the expansion of service providers in major cities. Both local and international companies are entering the market to capitalize on the growing demand. This has led to increased competition, resulting in improved service quality and lower prices for customers. Furthermore, e-scooter-sharing companies are constantly innovating and introducing new features to enhance the user experience, such as improved battery life, GPS tracking, and mobile app integration.

Local special circumstances: Argentina's large urban centers, such as Buenos Aires, have a high population density and limited parking spaces. This makes e-scooter sharing an attractive option for short-distance travel, as it allows users to easily navigate through traffic and find parking in crowded areas. Additionally, the relatively flat terrain in many parts of the country makes it ideal for e-scooter usage, further contributing to the market's growth.

Underlying macroeconomic factors: The economic situation in Argentina has also played a role in the development of the e-scooter-sharing market. The country has faced economic challenges in recent years, including high inflation and currency devaluation. As a result, many individuals are seeking more affordable transportation options, and e-scooter sharing provides a cost-effective alternative to owning a car or using ride-hailing services. Additionally, the government has been supportive of sustainable transportation initiatives, which has further encouraged the growth of the e-scooter-sharing market. In conclusion, the e-scooter-sharing market in Argentina is experiencing significant growth due to customer preferences for convenience and eco-friendly transportation, the expansion of service providers, local special circumstances such as high population density and limited parking spaces, and underlying macroeconomic factors such as affordability and government support for sustainable transportation. This market is expected to continue to develop and evolve as more individuals embrace e-scooter sharing as a viable mode of transportation.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings and revenues of e-scooter-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.