Home >> News >> Bike-sharing Services Market to Expand at A 12.5% CAGR between 2018 And 2026 analysis by Credence Research

Bike-sharing Services Market to Expand at A 12.5% CAGR between 2018 And 2026 analysis by Credence Research

The Bike-sharing Services Market Report is a professional and in-depth study on the current state of the Bike-sharing Services Industry. Bike-sharing Services Market expected to exhibit steady growth during the forecast period.

Firstly, this research report presents a basic outline of the Bike-sharing Services industry covering boundaries, purposes, classifications and market chain structure. The growth policies and strategies are presented as well as manufacturing processes and cost structures.

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Secondly, this research study shows the Bike-sharing Services market size (volume and value), and the share markets by types, regions, applications, and companies are also discussed. Third, the Bike-sharing Services market report is presented for major regions including USA, Europe, China, and Japan, and other regions can be added.

Then, the research report especially concentrates on global major leading industry players with data such as company product pictures, profiles and terms, trades, market share, and contact information.

Market Insights

Investments made by the governments worldwide in developing reliable bike-sharing infrastructure and encouraging concepts like smart cities augurs well with the market growth. The governments are offering subsidies to service providers for setting-up stations and expanding reach to more number of commuters. With rapid growth in urbanization, travel demand and the number of vehicles have grown considerably. Today, many cities across the globe are battling traffic congestion, increased fuel consumption, and deteriorated air quality. Rising fuel consumption has endangered long-term energy security of several countries, making them increasingly susceptible to global oil supply fluctuations. Bike-sharing services significantly reduces the long streaks of traffic, thereby allowing countries to manage environmental challenges and energy dependency effectively.

In terms of business model, station-based bike-sharing model was preferred over dockless bike-sharing by service providers. The value contribution from station-based bike sharing services stood at over 86% in 2017.  The trend will prolong and station-based bike-sharing model will continue to generate majority of the revenue stream throughout the forecast period. On the other hand, dockless bike sharing offers more convenience for users since thy need not worry about full stations upon arrival or empty stations at the front-end of the trip. On the contrary, vandalism and theft remains the biggest challenges for dockless bike-sharing service providers. Various incidence of vandalism and bike theft have been reported in several companies across the globe. For instance, in Europe, a leading dockless bike-sharing service provider, Gobee.bike was forced to abandon its operations in Paris after thousands of its bikes were either vandalized or stolen. Similarly, the company had also abandoned its operations in Rome and Brussels because of significant vandalism to its fleet. Service providers are trying to address these issues by installing GPS trackers in their bicycles.

Bike-sharing Services Market

Leading Players:

NYC Bike Share, LLC, Hangzhou Public Transport Corporation, Gobee.bike, LimeBike, Dropbike, Ofo, Beijing Mobike Technology Co., Ltd., Uber Technologies Inc., Zagster, and GrabTaxi Holdings Pte Ltd. among others.

Research Methodology

Credence Research has used various sources of information and study to determine the market wealth of the global Bike-sharing Services market. In series to give the industry value forecast till 2026 end, Credence Research analysts have first searched Bike-sharing Services solutions by services, end user, product type and purpose. After this, the analysts aimed to arrive at the stated market figures so they have done primary and secondary research. In the primary research, consultations with industry specialists were carried out and the secondary research consists of qualitative information collecting through journals, various articles, industry association data, blogs, company websites, and other secondary sources. In the data study phase, adoption of Bike-sharing Services solutions across various industries was examined, along with value chain analysis.

Report content

  • Qualitative Analysis
  • Industry overview
  • Industry trends
  • Key market opportunities prioritized
  • Market size
  • Growth prospects
  • Product benchmarking
  • Competitive landscape
  • Company overview
  • Financial performance
  • Market drivers and restraints
  • Latest strategic developments

Quantitative Analysis

  • Bike-sharing Services Market size, estimates, and forecast from 2018 to 2026
  • Bike-sharing Services Market estimates and forecast for product segments up to 2026
  • Regional market size and forecast of Bike-sharing Services for product segments up to 2026
  • Market valuations and the outlook for demand segments up to 2026
  • Regional business size and forecast for application segments up to 2026

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