Bike Sharing Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2025

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New research report on Bike Sharing market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Bike Sharing market also includes an in-depth study of the industry's competitive scenario.

The demand for free-floating bikes is increasing across the globe due to their benefits such as maximum accessibility and enhanced convenience. Commuters are allowed to park their bikes at any location. Companies are focusing on delivering more dockless bike-sharing services, to expand the customer base. For instance, in April 2018, a Brazilian start-up company, Yellow, announced the deployment of over 20,000 dockless bikes in the market. Players are incorporating advanced GPS technologies to increase the security of free-floating bikes. The technology provides alerts to local security teams when bikes are moved without being unlocked.

The working professionals in North America are increasingly opting for these services to commute to and from their workplace. As per the statistics revealed by the National Association of City Transportation Officials, in August 2019, approximately 84 million shared bikes & scooters trips were taken across the U.S. in 2018, with e-bikes used twice as frequently as pedal bikes. Players in the region are majorly focusing on the deployment of more e-bikes over traditional pedal bicycles to enhance the users? experience. For instance, in April 2019, Citi Bike announced the deployment of 4,000 electric bikes and 13 new bike stations across the U.S. The company is planning to replace its one-third fleet size to electric bikes over the coming years.

Bike Sharing Market is expected to exceed USD 10 billion by 2025. The growing environmental and health concerns across the globe are leading toward the adoption of environment-friendly transport solutions. Commuters are increasingly adopting bike-sharing, carpooling, and electric vehicle alternatives, to address the challenges of increasing traffic congestion and greenhouse gas emissions. Various governments across the globe are supporting the development of bike-sharing programs by offering infrastructure development subsidies and offering ample parking spaces for bikes. The proliferation in the smart city development in Asia Pacific and the MEA is expected to drive the bike sharing market growth over the forecast timeline. The increase in incidents of dockless bike theft & vandalism is hampering the industry. The technological advancements in navigation & GPS technology are aiding service providers to track the exact location of bikes, eliminating the chances of bike thefts. The lack of awareness about bike-sharing in rural areas will restrict their use, limiting industry expansion.

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Major players operating in the bike sharing market are Lime, Mobike, Youon, Lyft, Jump, and ofo. Companies are delivering advanced bikes with IoT and AI technologies to gain competitive edge over the rivals. For instance, in January 2019, Tembici announced the utilization of Stage Intelligence BICO AI optimization technology in its bike-sharing services. The technology provides actionable insights regarding bike usage, addressing several challenges in bike-sharing.

Major Highlights from Table of contents are listed below for quick lookup into Bike Sharing Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Bike Sharing Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Bike Sharing Market Statistical model and forecast
  • Industry insights and validation
  • Bike Sharing Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Bike Sharing industry 360º synopsis - 2025
  • Bike Sharing Business trends
  • Region trends

Chapter 5. Bike Sharing industry Insights

  • Bike Sharing Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Bike Sharing Market Growth potential analysis

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