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Bike Sharing Market 2023 Competitive Landscape, Future Outlook, Global Trends And Forecast To 2032 | Uber Technologies Inc., Deutsche Bahn AG, Meituan Inc., DiDi Bike
Bike Sharing Market
The Business Research Company's Bike Sharing Global Market Report 2023 identifies rise in demand for e-bikes as the major driver for the Bike Sharing Market's growth in the forecast period. An Electric bike is equipped with an integrated electric motor and battery system. E-bikes play a significant role in bike-sharing programs by increasing the accessibility of bike-sharing systems, improving climbing capability, and enhancing the overall experience for users.
The global bike sharing market is expected to grow from $3.56 billion in 2022 to $3.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bike sharing market is expected to reach $4.87 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the bike sharing market are Uber Technologies Inc., Deutsche Bahn AG, Meituan Inc., DiDi Bike, Lyft Inc., JCDecaux Group, Hello Inc., Neutron Holdings Inc., TIER Mobility SE, Bird Rides Inc., Youon Technology Co. Ltd., Tembici, Yulu Bikes Pvt. Ltd., CycleHop LLC, Bond Mobility AG, Blue Bikes, Nextbike GmbH, BIXI Montreal, Swiftmile Inc., Zagster, Donkey Republic, PBSC Urban Solutions, Urbo Solutions, Ofo, Divvy Bikes, FlickTech Ltd., SG Bike Pte Ltd, Anywheel Pte Ltd., Beijing Xiaoju Technology Co. Ltd., and Santander Cycles.
A key trend in the Bike Sharing Market includes technological advancement. Major companies operating in the bike-sharing market are adopting new technologies to sustain their position in the market. For instance, in June 2021, Bird Global Inc., a US-based provider of environmentally friendly electric transportation, launched Bird Bike, a new addition to its shared micro-electric vehicle fleet. The Bird Bike is designed to prioritize safety and durability and is a smart, connected vehicle that complements existing transportation networks in cities. It features a powerful electric motor capable of assisting riders on steep inclines, a sturdy frame with a step-through design for enhanced safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. The bike also incorporates IoT features like self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of all sizes.
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The Bike Sharing Market is segmented -
By Bike Type: E-Bike, Conventional Bikes
By Sharing: Docked, Dock Less
By Duration: Short Term, Long Term
By Model Type: Free-Floating, Peer-To-Peer (P2P), Station Based
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Bike Sharing Market.
The Business Research Company's "Global Bike Sharing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bike Sharing Market Include:
1. Executive Summary
2. Bike Sharing Market Characteristics
3. Bike Sharing Market Trends And Strategies
4. Bike Sharing Market - Macro Economic Scenario
5. Global Bike Sharing Market Size and Growth
……
32. Global Bike Sharing Market Competitive Benchmarking
33. Global Bike Sharing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bike Sharing Market
35. Bike Sharing Market Future Outlook and Potential Analysis
36. Appendix
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