The Bike Sharing Global Market Report 2023, provides comprehensive information on the bike sharing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Bike Sharing Global Market Report 2023, the global bike sharing market is expected to grow from $3.56 billion in 2022 to $3.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bike sharing market is expected to reach $4.87 billion in 2027 at a CAGR of 6.2%.
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Technological advancements are a key trend gaining popularity in the bike-sharing market. Major companies operating in the bike-sharing market are adopting new technologies to sustain their position in the market. For instance, in June 2021, Bird Global Inc., a US-based provider of environmentally friendly electric transportation, launched Bird Bike, a new addition to its shared micro-electric vehicle fleet. The Bird Bike is designed to prioritize safety and durability and is a smart, connected vehicle that complements existing transportation networks in cities. It features a powerful electric motor capable of assisting riders on steep inclines, a sturdy frame with a step-through design for enhanced safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. The bike also incorporates IoT features like self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of all sizes.
The bike sharing market is segmented:
1) By Bike Type: E-Bike, Conventional Bikes
2) By Sharing: Docked, Dock Less
3) By Duration: Short Term, Long Term
4) By Model Type: Free-Floating, Peer-To-Peer (P2P), Station Based
Asia-Pacific was the largest region in the bike sharing market in 2022.
The table of contents in TBRC’s bike sharing market report includes:
1. Executive Summary
2. Bike Sharing Market Characteristics
3. Bike Sharing Market Trends And Strategies
4. Bike Sharing Market – Macro Economic Scenario
5. Global Bike Sharing Market Size and Growth
…………………………………….
32. Global Bike Sharing Market Competitive Benchmarking
33. Global Bike Sharing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bike Sharing Market
35. Bike Sharing Market Future Outlook and Potential Analysis
36. Appendix
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