India Bike Sharing Market is expected reach nearly USD 45.60 million by 2030, as per Stellar Market Research

Stellar Market Research has published a market intelligence and competitive landscape report on the India Bike Sharing Market. The report combines primary and secondary data, and field experts have examined the India Bike Sharing Market from a local, regional, and global point of view. Over the forecast period, Stellar Market Research expects the India Bike Sharing Market India Bike Sharing Market size was valued at USD 32.41 million in 2023 and the total India Bike Sharing Market revenue is expected to grow at 5 percent through 2024 to 2030, reaching nearly USD 45.60 million.

India Bike Sharing Market Overview:

India Bike Sharing Cycling, a sustainable, healthy, and affordable way to travel, has regained popularity during pandemics due to the distance cars and buses from the road. In India, the bicycle industry is expected to grow by 15-20% in 2020, compared to 5-7% last year, according to the Association of All Indian Cycle Manufacturers. It is important to maintain cycling momentum as traffic in Indian cities almost returns to pre-pandemic levels. The report also includes the competitive landscape of key players in the industry along with their recent developments in the India Bike Sharing Market.

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India Bike Sharing Market Dynamics:

India's bike-sharing market has significant potential, with 35% of vehicle travel being short distances (under 5 km). Public Bicycle Sharing (PBS) systems offer affordable, flexible short trips and improve access to public transport by providing first and last-mile connectivity. Cities like Mysuru, Bhopal, and Kochi have implemented PBS systems, though challenges like funding and cycling culture persist. The best approach to a successful PBS system is to develop a strategy that can identify the right combination of vendors, operating models, and revenue streams that are fully managed and deployed to provide value to end users and service providers. However, many suffer from challenges such as lack of funding for walking and cycling projects, inconsistencies in goals, or simply lack of existing cycling culture and ecosystem.

India Bike Sharing Market Scope:

Market Size in 2023 USD 32.41 Mn.

Market Size in 2030 USD 45.60 Mn.

CAGR 5% (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Number of Pages 255

No. of Tables 125

No. of Charts and Figures 115

Segment Covered by Model, and sharing system

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

India Bike Sharing Market Segmentation:

By Model

E-bikes
Conventional bikes
By Model

Free-floating
P2P
Station-based
By Sharing System

Dockless
Docked
Hybrid

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Leading India Bike Sharing Market key industry:

Ola Pedal (Kanpur)
Yulu (Bangalore)
Zoomcar PEDL (Bangalore)
Letscycle (Delhi)
Zypp
Mobycy (Delhi)
Ofo (China)
Mobike (China)

Key questions answered in the India Bike Sharing Market are:

What is the CAGR of the India Bike Sharing Market in the forecast period (2023-30)?
Which region has the highest growth rate in the India Bike Sharing Market?
Who are the key players in the India Bike Sharing Market?
Which sharing system segment is dominating the India Bike Sharing Market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

Related Report

China Bike Sharing Market
South Korea Bike Sharing Market

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Kothrud, Pune, Maharashtra, 411029

sales@stellarmr.com

+91 9607365656

About Stellar Market Research:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

This release was published on openPR.