Global
Bike Sharing Market Overview:
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.
Get Free Sample Report of
Global Bike Sharing Market
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 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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Alternate Transportation Market
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