China Bike Sharing Market Overviews
China Bike Sharing Market size was valued at US$ 1.33 billion in 2023 and the total China Bike Sharing Market revenue is expected to grow at 4.62% through 2024 to 2030, reaching nearly US$ 1.83 billion.
In Shanghai alone, 1.5 million shared bikes were circulating in November, about 1 bike for every 16 citizens. At the end of October 2017 the number of bikes had dropped to 1.1 million because operators were forced to remove bikes that were in a poor condition. In Beijing in September 2017, 15 different operators had about 2.3 million shared bikes in the city, but the addition of further bikes has been banned. In 2020, Chinese market has showed 7.1% YOY growth and expected to register CAGR of 4.62% during the forecast period.
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China Bike Sharing Market Scope and Methodology:
At the beginning of 2018 several bike sharing operators have started to further diversify their businesses in order to say afloat. One common plan is to also offer ebike sharing services in the future. In January 2018, mobike announced that it would enter the ride hailing market with a small pilot project in Guizhou. Almost at the same time, oBike became known to also offer a small delivery service under the name oBike Flash. China’s regulatory compliance:
China Bike Sharing Market Regional Insights
Each reportedly spent more than $ 466 million in deposit funds to fund the business. However, both companies have denied these claims. Bluegogo, the third largest company, went bankrupt in mid-November 2017. But this is not the only company, in 2017 five Chinese bike share operators went bankrupt and $150 million in deposits could not be refunded to users, as it seems that deposits are often used to advance the business. Due to problems with paying back deposits when an operator is going bankrupt, the Chinese Consumer Association is now asking for stricter regulations on deposits.
China Bike SharingMarket Segmentation
The qualitative and quantitative data provided in the China Bike Sharing Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the China Bike Sharing Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the China Bike Sharing Market.
China Bike Sharing Market Key Players
Didi Bike
HelloBike
Ofo
Qingju Bike
Meituan Bike
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Key questions answered in the China Bike Sharing Market are:
- What is China Bike Sharing ?
- What was the China Bike Sharing market size in 2023?
- What is the growth rate of the China Bike Sharing Market?
- Which are the factors expected to drive the China Bike Sharing market growth?
- What are the different segments of the China Bike Sharing Market?
- What growth strategies are the players considering to increase their presence in China Bike Sharing ?
- What are the upcoming industry applications and trends for the China Bike Sharing Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the China Bike Sharing Market?
- Who are the leading companies and what are their portfolios in China Bike Sharing Market?
- What segments are covered in the China Bike Sharing Market?
- Who are the key players in the China Bike Sharing market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- 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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