Bike Sharing Market Overview:
The goal of this research is to provide a thorough examination of the Bike Sharing market by component, application, industry, and geography. The report contains in-depth information on the major factors influencing the growth of the Bike Sharing industry. The study also includes a comprehensive examination of the market’s value chain.
To propel the bike sharing market, governments all around the world are supporting e-bikes and taking various efforts to encourage their use. Developing countries, such as China and India, are driving the E-bike market. China, for example, is the world’s largest e-bike market. China has traditionally been the world’s leading exporter of electric motorcycles, with high import and export volumes. According to China’s Ministry of Industry and Information Technology, the country’s electric bicycle production hit 25.48 million units in the first ten months of 2020, up 33.4% year over year. The income of major bicycle manufacturing companies reached around USD 22 billion during this time, an increase of 16.8%.
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Bike Sharing Market Scope:
The method used to assess and forecast the Bike Sharing market begins with the collection of revenue data from key suppliers via secondary research sources. Vendor offerings are also taken into account when defining market segmentation. The income of major corporations was used to estimate the total size of the Bike Sharing market using the bottom-up method.
Bike Sharing Market Segmentation:
Between 2020 and 2025, the market for electric bicycles, which was valued at $15.42 billion in 2019, is expected to grow at a CAGR of 7.49 percent. The market for electric bicycles with pedal assistance dominated that year. Bicycles with pedal assistance accounted for 88.36% of the global market. On the market, urban e-bikes dominated the application category. Up to 130 million electric bicycles (using all battery technologies) could be sold worldwide between 2020 and 2023. Sales of e-bikes are anticipated to reach 40 million units globally by 2023, generating $20 billion in revenue.
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Bike Sharing Market Key Players:
- Neutron Holdings Inc.
- Lyft Inc.
- Bluegogo
- Uber Technologies, Inc.
- Bird Rides, Inc.
- JC decaux Group
- Hellobike
- Youon Bikes
- Meituan Bikes
- Anywheel Pte Ltd.
COVID-19 Impact Analysis on Bike Sharing Market:
COVID-19 is a historic global public health emergency that has impacted nearly every business, and the long-term consequences are expected to impact industry growth throughout the projection period. Our ongoing research includes basic COVID-19 concerns as well as potential next steps. The study illuminates COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of modern market forces, and significant government initiatives. The updated report includes insights, analysis, projections, and predictions based on the market impact of COVID-19.
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Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company’s products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company’s subject-matter expertise and capacity to provide a workable solution to any research problem.
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