Bike Sharing Market Expected to Observe Spectacular Growth rate in the outlook (2020 to 2027) | SG Bike Pte Ltd, Spin, Tembici, Uber Technologies Inc. and Youon Technology Co., Ltd.

Bike-sharing is referred to as a bike rental service for short to medium-distance commuting for a price or free. It is available at on-street docked or dock-less stations, which allow commuters to borrow a bike and return it at another same station. Most large-scale urban bike-sharing programs have numerous bike check-out stations, and operate much like public transit systems, catering to tourists and visitors as well as residents.

Bike-sharing systems have also been cited as a way to solve the last mile problem of public transit networks. These services are an innovative solution to the urban mobility challenges and are an effective way of promoting urban cycling and contributing to more sustainable and environmentally-friendly mobility.

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The factors such as a rise in venture capital investments and an increase in the inclusion of e-bikes in the sharing fleet are anticipated to drive the market growth. However, high initial investment costs and a rise in bike vandalism & theft are expected to hinder the market growth. Further, technological advancements in the bike-sharing system and an increase in government initiatives for the development of bike-sharing infrastructure are some of the factors expected to offer lucrative opportunities for market growth during the forecast period.

The market is segmented based on bike type, sharing system, and region. By bike type, it is bifurcated into traditional/conventional and e-bike. By sharing system, it is divided into docked and dock-less. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

KEY PLAYERS

The key players operating in the bike-sharing market are Anywheel Pte. Ltd, Beijing Xiaoju Technology Co, Ltd., Bird Rides, Inc, BIXI Montreal, Bond Mobility (Europe) AG, JCDecaux, Lime, LYft, Inc., Mobike, Nextbike GmbH, SG Bike Pte Ltd, Spin, Tembici, Uber Technologies Inc. and You Technology Co., Ltd.

COVID-19 Impact Analysis:

The rapid spreading of the coronavirus pandemic has brought unprecedented challenges and threats to the normal life of human beings and global public health. Due to the high infectivity and destructiveness of COVID-19, and the suddenness of its outbreak, the government authorities across the world have taken strong measures, such as national-wide lockdown and isolation of people at high-risk areas, to stop the spread of this new disease.

This has caused huge impacts on the global economy, owing to the total lockdown and temporary shutdown of industries across the world. Whereas, the health crisis due to COVID-19 has had a significant impact on the bike-sharing market growth.

However, stay-at-home orders and limited business operations in countries across the world have resulted in a decrease in demand for shared bikes in the first quarter of 2020. Although owing to the COVID-19 pandemic, commuters are mostly avoiding the use of public transportation, and shared bikes are considered safe, convenient, and affordable alternatives to public transportation.

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KEY BENEFITS FOR STAKEHOLDERS

- This study presents an analytical depiction of the global bike-sharing market analysis along with current trends and future estimations to depict imminent investment pockets.

- The overall global bike-sharing market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global bike-sharing market with detailed impact analysis.
- The current global bike-sharing market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

KEY MARKET SEGMENTS

By Bike Type
o Traditional/Convectional
o E-Bikes

By Sharing System
o Docked
o Dock-less

By Region
o North America
? the U.S.
? Canada
? Mexico
o Europe
? THE UK
? Germany
? France
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? the Middle East
? Africa

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