E-Scooter-sharing - Peru | Statista Market Forecast

Peru is projected to witness a revenue of US$3.45m in the E-Scooter-sharing market by 2024.
The revenue is estimated to have an annual growth rate (CAGR 2024-2029) of 2.79%, leading to a projected market volume of US$3.96m by 2029.
The number of users in this market is expected to reach 221.40k users by 2029.
The user penetration rate is projected to be 0.6% in 2024 and grow to 0.6% by 2029.
The average revenue per user (ARPU) is expected to be US$17.14.
By 2029, 100% of the total revenue in the E-Scooter-sharing market will be generated through online sales.
In terms of global comparison, United States is expected to generate the most revenue, with US$730m in 2024.
E-Scooter-sharing is gaining popularity in Lima, Peru as a cost-effective and environmentally friendly transportation option for both locals and tourists.

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 Peru has seen significant growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: Peruvian customers have shown a growing interest in convenient and sustainable transportation options, leading to an increased demand for E-Scooter-sharing services. The ease of use and flexibility offered by E-Scooters align with the preferences of urban dwellers who are looking for affordable and efficient ways to navigate congested city streets. Additionally, the younger demographic in Peru, who are more tech-savvy and environmentally conscious, are particularly drawn to the concept of E-Scooter-sharing.

Trends in the market: One of the key trends in the E-Scooter-sharing market in Peru is the rapid expansion of service providers. Numerous local and international companies have entered the market, leading to increased competition and a wider availability of E-Scooters in major cities. This trend is driven by the success of E-Scooter-sharing models in other countries, as well as the favorable regulatory environment in Peru. Another trend in the market is the integration of E-Scooter-sharing services with existing transportation infrastructure. Many cities in Peru have implemented bike lanes and dedicated parking spaces for E-Scooters, making it easier for users to access and park the vehicles. This integration with the existing transportation network enhances the overall user experience and encourages more people to adopt E-Scooter-sharing as a viable mode of transport.

Local special circumstances: Peru's urban areas face significant traffic congestion and air pollution issues, making E-Scooter-sharing an attractive alternative to traditional modes of transportation. The compact size and maneuverability of E-Scooters allow users to navigate through congested streets and reach their destinations faster, while also reducing their carbon footprint. Additionally, the relatively low cost of E-Scooter-sharing compared to owning a personal vehicle or using ride-hailing services makes it an affordable option for many Peruvians.

Underlying macroeconomic factors: Peru's growing middle class and increasing urbanization have contributed to the rise of the E-Scooter-sharing market. As more people move to cities and seek efficient transportation options, the demand for E-Scooter-sharing services is expected to continue growing. Furthermore, the government's focus on sustainable development and reducing greenhouse gas emissions has created a favorable environment for the expansion of E-Scooter-sharing in Peru. In conclusion, the E-Scooter-sharing market in Peru is experiencing significant growth due to changing customer preferences, market trends, and local special circumstances. The convenience, affordability, and sustainability of E-Scooter-sharing services have resonated with Peruvian customers, leading to increased adoption and expansion of the market. With ongoing urbanization and a focus on sustainable transportation, the E-Scooter-sharing market in Peru 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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.