Bike-Sharing Service 2019 Global Trends, Market Size, Share, Status, SWOT Analysis and Forecast to 2025

Bike-sharing is a popular service segment in modern times. It is the service the bikes are provided for shared use purpose to the certain person who books it for a specific period, for a specific amount. In general, a person has to take a bike on rent from one branch of the service provider and deliver at the other (to which he/she has to visit) of the same service provider. Here the hirer has to make the bike available at the other dock, taking from one dock. The term ‘dock’ basically refers to explicit bike racks meant for locking the bike. These are all digitally controlled. These service providers operate through an explicit application, through which one can get to know about the nearby docks. The service segment is divided in terms of different age groups, ranging from 18-24, 25-35, and 35-45.    

Market estimation and growth rate in the future

The report provides extensive analysis of the global bike-sharing service segment. In this context it goes through the status of the top players of the industry, ranging from Jump bikes, Citi bikes, Lime bikes, Blue Bikes, to Nextbike. The report makes it apparent that the international market of bike-sharing service is of worth 1570 million USD (in the year 2018). The report also speculates for the market to reach 5440 million dollars by the end of the year 2024. It thus predicts the growth rate to be staggering 28.3%. This growth rate is forecasted to occur in between the years 2019 and 2024.     

Key Players:

JUMP Bikes
Citi Bike
LimeBike
Capital Bikeshare
Divvy Bikes
Blue Bikes (Hubway)
Ford GoBike
Mobike
Hellobike
Nextbike
Call a bike
Santander Cycles

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Key markets and business forecast

Going through the report, Asia Pacific certainly appears as a prominent market. It is expected to hold greater share even in upcoming years. Among others, India and China show a promising trend of growth. Ultimately, the market looks quite strong in both Asia and the Asia Pacific.

Among others, the share of the North American market is also expected to be significant. Specifically, the United States as expected is going to be the key destination in this service. The European market also looks quite promising in this service. It is expected to attain success at a huge growth rate by the year 2024.   

Geography based segmentation

Apart from key players, the report also segments the markets in terms of key regions. It divides the global market into North Ameria, Europe, Asia-Pacific, South America, Middle East, and Africa. Nations like the US, Canada, and Mexico fall under the North American domain. Germany, France, UK, Russia, appear among the European nations. Brazil, Colombia, and Argentina appear as the key players for South America. India, Japan, China, and Korea are the top domains in Asia, and UAE, Egypt, South Africa, and Saudi Arabia appear among the key nations of the Middle East and Africa. The report also segments the market in terms of dock-based market and station-based market.

Most trending news from the Industry

Hottest news surfacing at the moment from the industry is that Delhi Metro ties up with bike-sharing service pp Yulu. The Hindustan Business Line has published the report.  

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