Bike Sharing Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031

Bike Sharing Market 2022

Bike sharing is a service or public Bike sharing scheme in which bikes are available for shared use for a short time or a monthly basis to an individual. The Bike sharing system allows the people to rent a bike from a dock and return it at another dock of the same system.

Docks are special Bike racks that lock the bicycles and unlock it using Bluetooth enabled devices such as smartphones. In recent times, dockless bicycle sharing system is gaining traction in the market, in this system, all Bike are GPS enabled and can be tracked by the bicycle sharing operators.

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In a dockless bicycle sharing system, user can borrow or return the Bike at any legal public parking instead of dock station across the same city with the help of smartphone applications. These dockless system reduces the pressure on existing road or footpath infrastructure and reduces the usage of motor personal vehicles.

Bike Sharing Market: Dynamics

Increased demand for urban mobility has led to a rise in the number of vehicles, particularly two-wheelers and passenger cars, which has resulted in both high traffic congestion and noise pollution.

The government of various nations, including India, China, and Germany, is promoting bike sharing programmes by creating road infrastructure that is specifically used for riding bikes in an effort to lessen the aforementioned problems.

Another element that is anticipated to boost the expansion of the bike sharing business is the population's increasing knowledge of the benefits of using bikes for short commutes.

With the advancement in technologies, such as proliferation in GPS, prepaid payment options, IoT and reduced cost of tracking and locking systems for Bikes has led to the increase in the number of sharing Bike fleet across the globe.

Additionally, with the introduction of dockless Bike sharing system, there is significant increase in the number of sharing Bike users in the developing and developed nations as these system saves the times to park the Bikes and also encourage the people to travel through Bike for short-distance commute.

Key Players- 

• OfO
• Mobike
• Beijing Xiaoju Technology Co, Ltd.
• Meituandianping Inc.
• Zagster
• Hello-Bike
• PBSC Urban Solutions
• Donkey Republic
• Motivate Inc.
• Nextbike GmbH
• Flick Bike
• Urbo Solutions and more

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Bicycle Sharing Market: Segmentation

On the basis of bicycle type        

Conventional Bike
Electric Bike

On the basis of platform              

Docked
Dockless

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 

Bike Market Manufacturers 
Bike Market Distributors/Traders/Wholesalers 
Bike Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in This Report -

• Which is the largest regional market for Bike?
• What are the upcoming trends of Bike Market in the world?
• What are the key driving factors for the growth of the Bike Market?
• What are the top players operating in the Bike Market?
• What are the key regions in the global Bike market?
• Who are the key players/companies in the global Bike market?

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