As per the latest report by IMARC Group, titled “Bike Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the market reached a value of US$ 3.28 Billion in 2021. Looking forward, IMARC Group expects the global bike sharing market to reach a value of US$ 4.49 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Bike sharing is a system that makes conventional and electric bikes available for shared use on a short-term basis through a self-service rental scheme, which is often free. These systems are generally segmented into docked and dockless systems. In a dockless system, the bikes do not require a docking station and are allowed to be parked within a defined bike rack, while docked systems provide special bike racks to lock the bike that releases it by computer control.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by bike type, sharing system and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for bike sharing market
- Strategies of major players and product offerings
The market is primarily driven by the growing need for urban transportation that offers ease of transit. In addition to this, considerable advancements in technologies, such as the widespread integration of bike sharing systems with GPS, consumer-ready mobile payments, and the internet of Things (IoT), are providing a substantial boost to the market growth. Furthermore, the rising venture capital investments, numerous government initiatives undertaken for the development of bike-sharing infrastructure and extensive research and development (R&D) activities are creating a positive market outlook.
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Key Players Included in Global Bike Sharing Market Research Report:
- Beijing Xiaoju Technology Co. Ltd.
- Bird Rides Inc.
- BIXI Montreal
- CycleHop LLC
- Donkeyrepublic Admin Aps
- JCDecaux Group
- Lime, Lyft Inc.
- Nextbike GmbH (TIER Mobility AG)
- SG Bike Pte. Ltd. (ISOTeam Ltd.)
- Smoove and Uber Technologies Inc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bike sharingmarket, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on bike type, sharing system and application.
Breakup by Bike Type:
- Traditional and Convectional
- E-Bikes
Breakup by Sharing System:
- Docked
- Dock-Less
Breakup by Application:
- Short Term
- Long Term
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Bike Sharing Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Bike Sharing Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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