Bike Sharing Market Size, Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2027

IMARC Group's latest research report, titled "Bike Sharing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the global bike sharing market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global bike sharing market size reached a value of US$ 3.28 Billion in 2021. Looking forward, IMARC Group expects the 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. Bike sharing offers both locals and tourists an easy, low-cost and efficient means of transportation around cities.

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 Montréal
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:

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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