Worldwide Bike Sharing Industry to 2026 - Growing Demand for Eco-friendly Transportation is Driving Growth - ResearchAndMarkets.com
However, due to continually growing environmental and health concerns and increasing emission levels, governments and international organizations across the world are enacting stringent emission norms to reduce carbon emission levels.
The "Bike Sharing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The bike-sharing market was valued at USD 3 billion in 2020 and is anticipated to reach USD 4 billion by 2026, at a CAGR of about 6% during the forecast period (2021 - 2026).
Companies Mentioned
- Uber Technologies Inc.
- Didi Chuxing Technology Co.
- Neutron Holdings Inc.
- Lyft Inc.
- Bluegogo
- JCDecaux Group
- Youon Bike
- Bird Rides Inc.
- Hellobike
- Meituan Bike
Key Market Trends
Growing Demand for Eco-friendly Transportation
Mobility plays a significant role in the current world. However, due to continually growing environmental and health concerns and 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. E-bikes, such as pedelecs, are eco-friendly and reliable. For instance, in December 2020, HumanForest an e-bike provider, has raised GBP 1.3 million via a crowdfunding campaign. London, U.K.-based HumanForest aims to offer a sustainable e-bike service in cities starting with London in the Spring, followed by expansion across Europe. HumanForest ran a trial of this service in the summer with 200 e-bikes and plans to utilize the latest funds to expand the fleet to 1,500 e-bikes..
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. According to Ministry of Industry and Information Technology of China, country output of electric bicycles reached 25.48 million during the first 10 months of the 2020, a year-on-year increase of 33.4%. During this period the revenue of major bicycle manufacturing companies reached about USD 22 billion, a increase of 16.8%.
Bike Sharing Growing Across Asia-Pacific
According to the China Bicycle Association from January to September 2020, the volume of bicycle exports expanded 12% over the same period last year to USD 2.43 billion, owing to high consumption of bicycles in almost every part of the world after the pandemic, in order to avoid the public transportation, as well as avoiding traffic.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Bike
5.1.1 Traditional Bike
5.1.2 E-bike
5.2 Sharing System
5.2.1 Docked
5.2.2 Dockless
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/e7kcob
View source version on businesswire.com: https://www.businesswire.com/news/home/20210714005537/en/