Bike sharing is an innovative urban transportation solution that provides users with easy access to bicycles for city transit. In recent years, bike sharing systems have arisen as a cost-effective and environmentally friendly alternative to public transportation in a number of places throughout the world. Bike sharing (BS) has rapidly grown from its inception over a decade ago to its consolidation in recent years, proving to be a transportation paradigm that brings significant societal benefits to both its riders and the cities that adopt it. They provide residents a speedy mode of transportation for short commutes, a bright option for tourists to explore a variety of local monuments and attractions, and an efficient means for riders to navigate cities in a healthy and interesting manner.
Bike Sharing Market Report Scope and Research Methodology:
The report provides a comprehensive assessment of the market, including main stakeholders in the Bike Sharing industry. The market’s volume, revenue, production and sales have also been included in the Bike Sharing market report in detail. It clearly shows the historical and current status of the market with the forecasted trends and Bike Sharing market size. To understand consumer behaviour in its entirety, the report employed several research methodologies including interviews, surveys, etc.
SMR’s report is the result of the several methodologies used for the study which are PORTER, PESTLE and SWOT analysis along with the bottom-up approach to estimate the Bike Sharing market size. The study used these methods to shed light on the key financial considerations that Bike Sharing key players must focus on when identifying competition and developing market strategies.
Bike Sharing Market Overview:
Stellar Market Research has published an intelligence report entitled Bike Sharing Market, which includes Manufacturers, Regions, Types, Applications, Segments and Forecast to 2029. The report covers the analysis of insights in view of the Bike Sharing market along with its ever-changing patterns, industry environment and all dominant aspects of the market.
Bike Sharing Market size was valued at US$ 3.23 Billion in 2020 and the total Global Bike Sharing Market revenue is expected to grow at 6% through 2021 to 2027, reaching nearly US$ 4.86 Billion.
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Bike Sharing Market Segmentation:
The electric bicycle market was valued at $15.42 billion in 2019 and is expected to grow at a 7.49 percent CAGR between 2020 and 2025. Pedal-assisted electric bicycles topped the market by propulsion type the same year. Pedal assisted bikes dominated the global market, accounting for 88.36% of the total. In terms of application type, urban e-bikes dominated the market. Up to 130 million electric bicycles (using all battery technologies) are expected to be sold globally between 2020 and 2023. Global e-bike sales are expected to exceed 40 million units by 2023, generating $20 billion in revenue.
Due to increasingly hectic lifestyles and the need to commute on a daily basis, owning a car has almost become a requirement, as public transportation is frequently inconvenient. As a result of natural resource scarcity and environmental issues, there is increased concern about maintaining and sustaining the environment for future generations. This is a one-of-a-kind quandary for both society and governments. Electric bicycles are the perfect solution to this issue. They are environmentally friendly and offer a solution to the problem of daily commuting. The growing demand for eco-friendliness among all demographics is driving up demand for e-bikes.
Bike Sharing Market Key Players:
Didi Chuxing Technology Co.
Neutron Holdings Inc.
Lyft Inc.
Bluegogo
Uber Technologies, Inc.
Bird Rides, Inc.
JC decaux Group
Hellobike
Youon Bikes
Meituan Bikes
Anywheel Pte Ltd.
Lime
Nextbike GmbH
Spin
Tembici
Bike Sharing Market Regional Insights:
The Bike Sharing market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Bike Sharing Market Report are:
- What is the expected Bike Sharing market size by the end of the forecast period?
- What are the Bike Sharing market segments?
- Which segment in the Bike Sharing market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Bike Sharing market?
- What key trends are expected to emerge in the Bike Sharing market during the forecast period?
- Which region dominated the Bike Sharing market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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