Bike Sharing Industry/ Innovation/ Related News
Aug.16, 2021 --- Spin,
a bike-sharing company in the US, announced the integration of Google Maps into
Spin eScooters and eBikes to make it easier for millions of users to locate
vehicles during their daily trips. Spin has deployed its vehicles in 84 towns,
cities, and campuses in the US, Canada, Germany, and Spain. Spin's goal is to
make it as low friction as possible for consumers to plan multi-modal journeys. Users
then would be taken to the Spin app to pay for the vehicle.
Global Bike Sharing Market
The global bike
sharing market size is garnering huge traction.
Due to the increasing pressure to reduce the carbon footprint across the globe,
e-mobility has become a practical solution to commute short distances.
Moreover, the increasing fuel costs and maintenance of fuel-powered vehicles
are escalating the market on the global platform.
Although still in its nascent stage, the bike
sharing market is projected to gain substantial revenues growth. In this
regard, Market Research Future (MRFR) asserts that the global bike sharing
market is estimated to grow exponentially by 2030, posting a significant CAGR
throughout the forecast period (2023 – 2032).
New government targets for introducing
e-mobility are acting as a key driving force for the growth of the market.
Additional factors pushing the growth of the market include developments in
battery technologies and declining battery costs. Technological upgrades are
expected to have a positive impact on industry growth.
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Free Sample Report of Global Bike Sharing Market
Global Bike Sharing Major Players:
Players leading the global bike sharing market
include Dropbike (Canada), Bluegogo (China), JCDecaux (France), Mobike (China),
Lyft, Inc (US), Neutron Holding, Inc (US), Jump Bikes (US), Motivate (US), OFO
(China), and Nextbike Berlin (Germany), among others.
Global Bike Sharing Market -
Segments
The market report is segmented into bike types,
sharing systems, sharing durations, and regions. The bike type segment is
sub-segmented into traditional bikes and e-bikes. Of these, the traditional
bike segment accounts for the largest market shares. The sharing system segment
is sub-segmented into docked and dockless sharing systems.
The dock-less segment holds a sizeable share
and is anticipated to grow at a significant CAGR in the coming years. The
sharing duration segment is sub-segmented into short term and long term. Among
these, the short-term segment accounts for the largest market share. The region
segment is sub-segmented into Asia Pacific, North America, Europe, and
Rest-of-the-World.
Global Bike Sharing Market - Regional
Analysis
The Asia Pacific region dominates the global
bike sharing market owing to the presence of various key manufacturers and the
rapid adoption of these services. Moreover, the rising per capita disposable
incomes and spending capacity of consumers boost the bike sharing market size
in this region.
Developing countries such as Japan, China, India,
Taiwan, Singapore, and others have a large number of two-wheeler users. China
and Taiwan are considered, as a home for bike-sharing services in Asia, whereas
India's bike-sharing market is continually rising due to the immense focus on
the EV industry by the Modi Government.
Global Bike Sharing Market - Competitive
Landscape
Highly competitive, the bike sharing market
appears to be well-established due to the presence of several notable players.
Players incorporate strategic initiatives such as acquisition, partnership,
product launch, and expansion to gain a competitive advantage in this market
while focusing on product innovation and new manufacturing processes.
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