Bike Sharing Market Predicted to Grow at High CAGR, Complete Business Overview by 2026
Market Highlights
Global Bike Sharing Market is expected to increase with ahealthy growth rate of 9% over the 2020-2026 projection period. The Bike ShareIndustry is continuously growing across the globe over the near future. Bikesharing is an innovative approach for urban mobility that combines the ease andflexibility of a mass transportation connectivity. Bike sharing focuses on aself-service bike station system by offering pleasant, safe, and reliable bikesand fostering new audiences, which could attract new people to bikeriding. Additionally, rising traffic concerns due to the increasing use of carsand innovations in navigation technologies for ride sharing are also factorsthat drive the growth of the global bike sharing market.
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In 2019, Asia-Pacific Contributed Significantly to the BikeSharing Market in Terms of Share: MRFR
Based on region, the bike sharing market has been segmentedinto North America, Europe, Asia-Pacific, and the rest of the world.Asia-Pacific is expected to lead the bike sharing market in the coming years,which can be attributed to the increasing vehicle production and the presenceof prominent players operating in this region. Furthermore, the per capitadisposable income levels and spending capacity are increasing in the NorthAmerican and European markets.
The global market for bike sharing has been segmented bybike type, sharing system, and region. Based on bike type, the global bikesharing market can be segmented into traditional bike and e-bike. Thetraditional bike segment is anticipated to grow at a significant CAGR in thecoming years. By sharing system, the global bike sharing market has been splitinto docked and dockless. The dockless segment held a sizeable share and isanticipated to grow at a significant CAGR in the coming years. By sharingduration, the bike sharing market has been split into short term and long term.The short term segment held a sizeable share and is anticipated to grow at asignificant CAGR in the coming years. Global Bike Sharing Market isanticipated to register a CAGR of 9% between 2020 and 2026.
Scope of the Report
This report provides an in-depth analysis of the global bikesharing market, tracking three market segments across four geographic regions.The report studies key players, providing a six-year annual trend analysis thathighlights the market size and shares for North America, Europe, Asia-Pacific,and the rest of the world. The report also presents a forecast, focusing on themarket opportunities for the next six years for each region. The scope of thestudy segments the global bike sharing market by bike type, sharing system,sharing duration, and region.
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Bike type
Traditional Bike
E-Bike
Sharing System
Docked
Dockless
Sharing Duration
Long Term
Short Term
By Region
North America
Asia-Pacific
Europe
Rest of the World
Key Players
Key players operating in the Global Bike Sharing Market areBluegogo (China), Dropbike (Canada), JCDecaux (France), Lyft, Inc (US), Mobike(China), Neutron Holding, Inc (US), Motivate (US), Jump Bikes (US), OFO(China), and Nextbike Berlin (Germany).
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