What is Bike Sharing Market?
The bike-sharing system is a service in which bikes are made available for shared use to individuals on a short term basis for a price or free. The many of the bike-sharing systems allow people to borrow a bike from a dock and return it at another dock belonging to the same system. In these systems, smartphone mapping apps show nearby available bikes and open docks.
Highlights from Bike Sharing Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Jump Bikes (United States), Citi Bike (United States), Nextbike (Germany), Lime (United States), Capital Bikeshare (United States), Call a bike (Germany), Blue Bikes (United States), Mobike (China), Hellobike (China) and Santander Cycles (United Kingdom) |
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bike Sharing market throughout the forecasted period.
Jump Bikes (United States), Citi Bike (United States), Nextbike (Germany), Lime (United States), Capital Bikeshare (United States), Call a bike (Germany), Blue Bikes (United States), Mobike (China), Hellobike (China) and Santander Cycles (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SG Bike (Singapore) and Mobycy (India). Bike Sharing Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Government, Enterprises and Others |
Type | Conventional Bike and E-Bike |
Sharing Model | Station-Based/ Dock Based,Dockless/ Free Floating,Hybrid Bike Sharing |
Time Period | Short Term,Long Term |
On the basis of geography, the market of Bike Sharing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in the Navigation Technologies
Market Growth Drivers:
Rising Smartphone Penetration Worldwide, Increasing Youth Population and Growth in the Internet of Things (IoT)
Challenges:
Risk of Theft and Vandalism
Restraints:
Continuous Maintenance of the Bikes
Opportunities:
Rapid Urbanization Worldwide and Increasing Middle-Class Population in Developing Countries
Key Target Audience
Bike Sharing System Providers, Research Professionals, Emerging Companies, Government Body & Associations and End-user
In May 2019, Uber announced it launching its new electric jump bikes in London (United Kingdom). The company’s red bikes which can be hired through the Uber app. The bikes have an electric motor, which is designed to stop people from breaking a sweat and can reach speeds of 15mph.