Worldwide Bike Sharing Industry to 2026 – Growing Demand for Eco-friendly Transportation is Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Bike Sharing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s providing.

The bike-sharing market was valued at USD 3 billion in 2020 and is anticipated to achieve USD 4 billion by 2026, at a CAGR of about 6% through the forecast interval (2021 – 2026).

Corporations Talked about

• Uber Applied sciences Inc.
• Didi Chuxing Know-how Co.
• Neutron Holdings Inc.
• Lyft Inc.
• Bluegogo
• JCDecaux Group
• Youon Bike
• Chook Rides Inc.
• Hellobike
• Meituan Bike

Key Market Traits

Rising Demand for Eco-friendly Transportation

Mobility performs a major function within the present world. Nevertheless, on account of regularly rising environmental and well being considerations and rising emission ranges, governments and worldwide organizations the world over are enacting stringent emission norms to scale back carbon emission ranges. Moreover, depletion of fossil gas ranges at an alarming fee has been making a sustainability considerations for the longer term generations, thereby, posing an enormous problem for the governments and society. Thus, e-bikes are proving to be a really perfect answer for the problem.

E-bikes, particularly pedelecs, are step by step changing into the best mode of transportation. E-bikes, resembling pedelecs, are eco-friendly and dependable. As an illustration, in December 2020, HumanForest an e-bike supplier, has raised GBP 1.3 million through a crowdfunding marketing campaign. London, U.Ok.-based HumanForest goals to supply a sustainable e-bike service in cities beginning with London within the Spring, adopted by enlargement throughout Europe. HumanForest ran a trial of this service in the summertime with 200 e-bikes and plans to make the most of the most recent funds to broaden the fleet to 1,500 e-bikes..

The governments the world over are selling e-bikes and in addition taking varied initiatives. The e-bike demand is majorly pushed by creating nations, resembling China and India. As an illustration, China is the biggest marketplace for e-bike. The import and export volumes in China are additionally giant, and China has all the time been the biggest exporter of electrical bikes. In line with Ministry of Trade and Data Know-how of China, nation output of electrical bicycles reached 25.48 million through the first 10 months of the 2020, a year-on-year improve of 33.4%. Throughout this era the income of main bicycle manufacturing firms reached about USD 22 billion, a improve of 16.8%.

Bike Sharing Rising Throughout Asia-Pacific

In line with the China Bicycle Affiliation from January to September 2020, the quantity of bicycle exports expanded 12% over the identical interval final yr to USD 2.43 billion, owing to excessive consumption of bicycles in virtually each a part of the world after the pandemic, with a view to keep away from the general public transportation, in addition to avoiding visitors.

Key Matters Coated:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Trade Attractiveness – Porter’s 5 Forces Evaluation

5 MARKET SEGMENTATION

5.1 Bike

5.1.1 Conventional 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 Remainder of the World

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Firm Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For extra details about this report go to https://www.researchandmarkets.com/r/e7kcob