DUBLIN, Sept. 26, 2018 /PRNewswire/ --
The "Global Bike-sharing Services Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global bike-sharing services market expected to expand at a CAGR of 12.5% during the forecast period from 2018 to 2026.
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.
The global bike-sharing services market is in the nascent stage of development and poised to offer significant investment opportunities for all participants (operators, federal agencies, etc.) across the ecosystem. In view of positive outlook and to gain first movers advantage, established companies in other fields are striving to enter bike-sharing business.
For instance, Uber's recent acquisition of Jump will allow the company to gain first movers advantage in the U.S. market and prove its dedication towards becoming an urban mobility company instead of just a taxi alternative. The bike-sharing services business being in the nascent stage of development, early movers with best consumer experience, flexibility, and quality offerings will gain early advantage in the market.
Key Topics Covered:
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Global Bike-sharing Services Market Snapshot
2.2. Global Bike-sharing Services Market by Model, 2017
2.3. Global Bike-sharing Services Market by Bike Type, 2017
2.4. Global Bike-sharing Services Market by Geography, 2017
3. Global Bike-sharing Services Market Dynamics
3.1. Market Overview
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading Bike-sharing Service Providers, 2017
3.5.2. Strategies Adopted by Leading Bike-sharing Service Providers
4. Global Bike-sharing Services Market Size (US$ Bn), by Model, 2016 - 2026
4.1.1. Bike-sharing Services Market Analysis by Model, 2017 & 2026
5. Global Bike-sharing Services Market Size (US$ Bn), by Bike Type, 2016 - 2026
5.2. Conventional Bicycle
6. North America Bike-sharing Services Market Analysis, 2016 - 2026
7. Europe Bike-sharing Services Market Analysis, 2016 - 2026
8. Asia Pacific Bike-sharing Services Market Analysis, 2016 - 2026
9. Rest of the World Bike-sharing Services Market Analysis, 2016 - 2026
10. Company Profiles
- NYC Bike Share, LLC
- Hangzhou Public Transport Corporation
- Beijing Mobike Technology Co., Ltd.
- Uber Technologies Inc.
- GrabTaxi Holdings Pte Ltd
For more information about this report visit
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