E-Scooter-sharing - Chile | Statista Market Forecast

Chile is projected to reach a revenue of US$5.80m in the E-Scooter-sharing market by 2024.
The market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 7.28% between 2024-2029, resulting in a projected market volume of US$8.25m by 2029.
It is anticipated that the number of users in the E-Scooter-sharing market will amount to 468.10k users by 2029, with a projected user penetration of 1.9% in 2024 and 2.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$15.49.
By 2029, it is projected that 100% of the total revenue in the E-Scooter-sharing market will be generated through online sales.
In comparison to other countries, United States is expected to generate the most revenue (US$730m in 2024) in this market.
Chile's E-scooter-sharing market is on the rise, with major players like Lime and VOI entering the market and expanding their fleets.

Definition:

The E-Scooter-sharing market comprises e-scooter-sharing services that provide short-term rentals of electric motorized scooters (stand-up scooters). In e-scooter-sharing, scooters are generally owned by an e-scooter-sharing provider and can be reserved independently by customers around the clock. Customers are required to open an account with the e-scooter-sharing provider and can then reserve the vehicles, typically with a smartphone app. Providers normally offer dockless services, so it is possible to find e-scooters everywhere within the provider’s business zone, e.g., on sidewalks, and to leave the scooters anywhere in accordance with traffic regulations. Moped-sharing services are not available in all countries; thus, only a limited number of countries and regions can be selected.

Additional Information:

The main performance indicators of the E-Scooter-sharing market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Free-floating e-scooter-sharing services
Services such as Lime, Tier, Bird, and Movo

Private e-scooter usage
Multi-day e-scooter rentals
Peer-to-peer e-scooter reservations
Bike sharing and other forms of micro-mobility

The E-Scooter-sharing market in Chile has seen significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Chilean customers are increasingly looking for convenient and eco-friendly transportation options. E-Scooter-sharing services provide a solution to the last-mile problem, allowing users to easily travel short distances in congested urban areas. The ease of use and flexibility of E-Scooter-sharing services have made them popular among young professionals and students who value convenience and cost-effectiveness. Additionally, the rising awareness of environmental issues has led to an increased demand for sustainable transportation alternatives, further driving the popularity of E-Scooter-sharing in Chile.

Trends in the market: One of the key trends in the E-Scooter-sharing market in Chile is the expansion of service coverage. E-Scooter-sharing companies have been expanding their operations to cover more cities and neighborhoods, making it easier for customers to access their services. This expansion has been driven by the increasing demand for E-Scooter-sharing and the need to compete with other players in the market. Furthermore, companies are also investing in technology improvements, such as better battery life and GPS tracking, to enhance the user experience and attract more customers.

Local special circumstances: Chile's urban areas face challenges such as traffic congestion and limited parking spaces, which make E-Scooter-sharing an attractive alternative to traditional modes of transportation. The compact size and maneuverability of e-scooters allow users to navigate through traffic and find parking spaces more easily. Additionally, the mild climate in many parts of Chile makes it favorable for outdoor activities, including riding e-scooters. These local factors have contributed to the rapid adoption of E-Scooter-sharing services in the country.

Underlying macroeconomic factors: The growth of the E-Scooter-sharing market in Chile is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has created a favorable environment for the E-Scooter-sharing industry, as customers have more financial resources to spend on transportation services. Additionally, the government has been supportive of sustainable transportation initiatives and has implemented policies to promote the use of electric vehicles, including e-scooters. These factors have provided a conducive environment for the development and expansion of the E-Scooter-sharing market in Chile. In conclusion, the E-Scooter-sharing market in Chile is experiencing significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The convenience, cost-effectiveness, and environmental benefits of E-Scooter-sharing services have made them popular among Chilean customers. The expansion of service coverage and investment in technology improvements have further fueled the growth of the market. With favorable macroeconomic conditions and government support, the E-Scooter-sharing market in Chile is expected to continue its upward trajectory in the coming years.

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.

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