Global Bike-Sharing Service Market Overview:
Bike-Sharing Service is a system in which bicycles are rented for a short period of time by an individual for the purpose of commuting or recreational activities. The services are either dock-less or with docks and can be availed on the go by smartphone mapping apps. Growing need for green transportation and cost effectiveness of bike sharing is supplementing the very market.
Growth Drivers
- Growing Health Concern Among Commuters
- Rising Demand for Green Transportation to Reduce the Carbon Foot-print
Roadblocks
- Growing Market for Other Two-wheeler Sharing Services
- Inability to Provide Safety Equipment such as Helmet by Service Providers
Opportunities
- Increasing Government Support to Promote Bicycle Use
- Growing Awareness in Emerging Countries
Challenges
- Congested Docking Stations
- Unfriendly Weather Conditions in Asia Pacific Limits the Driving Distance
Competitive Landscape:
Some of the key players profiled in the report are Mobike [China], OFO [China], BlueGoGo [China], Youon [Portugal], Mingbikes [Taiwan], Hellobike [Netherlands], Zagster [United States], LimeBike [United States], Citi Bike [United States], Capital Bikeshare [United States], Divvy [United States], Hubway [United States], Docomo Bike Share [Japan] and Relay Bikes [United States]. Additionally, following companies can also be profiled that are part of our coverage like GrabTaxi Holdings Pte Ltd [Singapore], Dropbike Haven [Canada], Uber [United States], NYC Bike Share, LLC [United States] and Blue Bikes [United States]. Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Bike-Sharing Service market by 2026.
Latest Market Insights:
April 2018 - : Uber has acquired Jump Bikes to enter into dock-less bike market. Both these companies first began working together in February when Uber began offering some users the option to order a Jump bike in San Francisco.
What Can be Explored with the Bike-Sharing Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bike-Sharing Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bike-Sharing Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bike-Sharing Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bike-Sharing Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bike Sharing Service Providers, Potential Investors, Research Institutes and Government Agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.