Bike Sharing Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMAU21888

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Published on

June 2022

Total pages

187

Table of Content

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About the Report

About the Report

Governments all over the world are supporting e-bikes and taking various efforts to encourage their use. Developing countries, such as China and India, are driving the e-bike market. China, for example, is the world's largest e-bike market. China has traditionally been the world's top exporter of electric motorcycles, with high import and export volumes. China's Ministry of Industry and Information Technology reports that during the first 10 months of 2020, the nation's production of electric bicycles increased by 33.4 percent year over year, reaching 25.48 million units. The income of major bicycle manufacturing companies reached around USD 22 billion during this time, an increase of 16.8%. E-bikes are becoming more popular around the world as a result of their quick and flexible operation and zero carbon emissions. The growing popularity of e-bikes as a cost-effective and environmentally responsible mode of transportation is fueling the growth of the bike-sharing industry. The company's expansion is likely to be aided by increased spending in R&D operations aimed at improving battery performance and improving bicycle infrastructure. Commuters mostly use these cycles for hill climbing and carrying big goods, both of which require manual pedaling. Bike-sharing companies in North America and Europe are replacing traditional bikes with e-bikes to give their customers more reliable and efficient service.
 
 
Based on bike type, the market is segmented into Traditional Bike and E-Bike. The E-Bike segment is projected to be the most lucrative segment, as e-bikes are becoming more popular around the world as a result of their quick and flexible operations and zero carbon emissions. In addition, an increase in consumer interest in using e-bikes as a cost-effective and environmentally responsible mode of transportation is fueling the growth of bike sharing. Furthermore, when compared to a pedal-operated bike, an e-bike is a much-favored option because it meets the criteria for higher speed in short-distance commuting. Higher speeds, greater convenience, effortless driving, and changing motor power based on road conditions all contribute to the popularity of e-bikes for sharing. Furthermore, governments all around the world are promoting the use of e-bikes through various projects
Based on sharing system, the market is segmented into Docked and Dockless. Over the anticipated period, the dockless segment is expected to develop at a healthy rate. Due to technical advancements, dockless electric bike-sharing products have been introduced, which enable improved bike-sharing services and convenience of transit access by allowing customers to pick up and drop off bikes at any lawful public vehicle parking instead of the operator's bike stations. The number of dockless electric bikes on the market is increasing. Uber, for example, introduced its dockless electric bikes in London in May 2019. The dockless bikes have baskets and phone mounts, as well as an electric pedal system that delivers up to 15 miles per hour of assistance
Based on the model, the market is segmented into Station-based, Free Floating, and P2P. Because of its increased flexibility, accessibility, and affordability, the free-floating model is likely to spread rapidly. To save the cost of installing huge docking stations, service providers are progressively placing dockless cycles on the roadways. The integration of advanced GPS solutions into bikes makes it easier for service providers to locate them in any location, reducing the risk of theft. Commuters primarily utilize these cycles to travel long distances without having to worry about parking. For returning the bike to a designated parking place, several service providers, such as LimeBike and oBike, offer credit points. Increasing traffic congestion in cities is encouraging commuters to use free-floating options rather than station-based options
For a better understanding of the market adoption of Bike Sharing, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World
Some of the major players operating in the market include Lyft, Inc., Uber Technologies, Inc., Neutron Holdings Inc., Meituan, Dropbike Inc., JCDecaux Group, Mobike, Motivate LLC, Jump Bicycles and Nextbike Berlin

Products


Companies

Lyft, Inc., Uber Technologies, Inc., Neutron Holdings Inc., Meituan, Dropbike Inc., JCDecaux Group, Mobike, Motivate LLC, Jump Bicycles and Nextbike Berlin

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Bike Sharing Market

2.2. Research Methodology of the Bike Sharing Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Bike Sharing Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 BIKE SHARING MARKET COVID-19 IMPACT

6 BIKE SHARING MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY BIKE TYPE

7.1. Traditional Bike

7.2. E-Bike

8 MARKET INSIGHTS BY SHARING SYSTEM

8.1. Docked

8.2. Dockless

9 MARKET INSIGHTS BY MODEL

9.1. Station-based

9.2. Free Floating

9.3. P2P

10 MARKET INSIGHTS BY REGION

10.1. NORTH AMERICA BIKE SHARING MARKET

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. EUROPE BIKE SHARING MARKET

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Italy

10.2.5. Rest of Europe

10.3. ASIA-PACIFIC BIKE SHARING MARKET

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. South Korea

10.3.5. Rest of Asia Pacific

10.4. REST OF WORLD BIKE SHARING MARKET

11 BIKE SHARING MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 BIKE SHARING MARKET OPPORTUNITIES

13 BIKE SHARING MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. COMPETITIVE LANDSCAPE

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Lyft, Inc.

18.2. Uber Technologies, Inc.

18.3. Neutron Holdings Inc.

18.4. Meituan

18.5. Dropbike Inc.

18.6. JCDecaux Group

18.7. Mobike

18.8. Motivate LLC

18.9. Jump Bicycles

18.10. Nextbike Berlin

19 DISCLAIMER

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