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The global bike sharing market is segmented by bike type (Traditional/Regular Bike and E-Bike), by Sharing System (Docked, and Dockless), and Geography
Fastest Growing Market:
Greater Than 6.5 %
The global bike sharing market is anticipated to register a CAGR of over 6.5% during the forecast period (2020 – 2025).
The global bike sharing market is segmented by bike type (Traditional/Regular Bike, E-Bike), by Sharing System (Docked, Dockless), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
|Rest of the World|
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Mobility plays a significant role in the current world. However, due to continually growing environmental and health concerns, increasing emission levels, governments and international organizations across the world are enacting stringent emission norms to reduce carbon emission levels. Additionally, depletion of fossil fuel levels at an alarming rate has been creating a sustainability concerns for the future generations, thereby posing a huge challenge for the governments and society. Thus, e-bikes are proving to be an ideal solution for the challenge.
E-bikes, especially pedelecs, are gradually becoming the ideal mode of transportation for the coming years.
The governments across the world are promoting e-bikes and also taking various initiatives. The E-Bike demand is majorly driven by developing countries such as China and India. For instance, China is the largest market for E-Bike. The import and export volumes in China are also large, and China has always been the largest exporter of electric bikes. The Government of India has also encouraged to use electric bikes. By the end of 2035, the government is looking forward to convert fuel vehicles into electric vehicles.
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The people across Asia are renting bikes via phone apps for rides and leaving cars and motorcycles or taxis. According to the Ministry of Transportation of China more than 16 million bike sold in 2016-2017. China has contributed to more than 50% of the Asia-Pacific electric bike sharing market in 2016-2017, owing to its high consumption of electric bikes, in order to tackle heavy traffic conditions as well as growing vehicle pollution in the country.
Mobike and Ofo have been the major players in the Chinese bike sharing market. However, there are other players in the Chinese market trying to the capture growing bike sharing market, for instance, Hellobike, a start-up company established in 2016, has captured presence in 300 Chinese cities, majorly in smaller rural cities, and claims around 20 million rides on their bicycle daily.
The US federal government subsidizes the purchase of electric car where about USD 7,500 realized as income tax reduction at the end of financial year. Unlike electric cars, currently there are no government programs that provide incentives toward the purchase of e-bike in the United States. However, some of the bicycle associations in the states of United States, such as Californian Bicycle Coalition, is filing a petition for the similar benefit from the government. Thus, e-bike sharing has been widely preferred across the United States.
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The bike sharing market is majorly dominated by players which includes, Lyft, Ofo, Uber, Neutron Holdings Inc. dba Lime (formerly LimeBike), Youon Bike, Mobike, Bird Rides, etc. The bike sharing market is growing swiftly and companies are expanding their business by making acquisitions and launching new services. For instance,
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Traditional Bike
5.2 Sharing System
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Uber Technologies Inc.
6.2.2 ofo Inc.
6.2.3 Neutron Holdings, Inc.
6.2.4 Lyft, Inc.
6.2.6 JCDecaux Group
6.2.7 Youon Bike
6.2.8 Bird Rides, Inc.
6.2.10 *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability