The bike-sharing service is rapidly gaining momentum among youths and the working-class population. Such services offer transport flexibility, reduced vehicular emissions, and health benefits, and these factors are seen to boost consumer inclination towards such services. Easy accessibility and affordability are further encouraging individuals to use these services. The bike-sharing service market seems highly lucrative, and the integration of advanced technologies such as location sharing and digital payments would continue to expand the demand in the future.
MARKET SCOPE
The "Global Bike-sharing Service Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bike-sharing service market with detailed market segmentation by bike type, sharing system, and geography. The report provides key statistics on the market status of the leading bike-sharing service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of bike type, the market is segmented as e-bikes, conventional bikes.
- Based on sharing system, the market is segmented as dockless, docked.
Drivers:
- Rapid urbanization globally
- Easy affordability & availability of bike sharing services
- Sharing systems contribute towards reducing carbon footprint
- An increase in passenger vehicles.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The bike-sharing service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis, highlighting the factors affecting the bike-sharing service market in these regions
IMPACT OF COVID-19 ON BIKE-SHARING SERVICE MARKET
The 2019 novel coronavirus, also known as COVID-19, has created tremors in several industries. The tremendous growth in the spread of the virus has urged governments across the globe to impose strict restrictions on the movement of humans and vehicles. The lockdown imposition has resulted in lesser production of goods and commodities. The bike-sharing service market players also experienced a slowdown in the volumes attributing to the fact that impositions were made on travels and social gatherings. This has had a negative impact on the market. The travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the penetration of sharing service. To curb the spread of COVID-19 pandemic, the government's imposiiton on social gathering has adversely impacted the market growth.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The bike-sharing service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis, highlighting the factors affecting the bike-sharing service market in these regions
IMPACT OF COVID-19 ON BIKE-SHARING SERVICE MARKET
The 2019 novel coronavirus, also known as COVID-19, has created tremors in several industries. The tremendous growth in the spread of the virus has urged governments across the globe to impose strict restrictions on the movement of humans and vehicles. The lockdown imposition has resulted in lesser production of goods and commodities. The bike-sharing service market players also experienced a slowdown in the volumes attributing to the fact that impositions were made on travels and social gatherings. This has had a negative impact on the market. The travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the penetration of sharing service. To curb the spread of COVID-19 pandemic, the government's imposiiton on social gathering has adversely impacted the market growth.
MARKET PLAYERS
The report covers key developments in the bike-sharing service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bike-sharing service market are anticipated to lucrative growth opportunities in the future with the rising demand for bike-sharing service in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bike-sharing service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bird Rides, Inc.
- Lime (Neutron Holdings, Inc.)
- Lyft, Inc.
- Mobike
- Mobycy (BycyShare Technologies Pvt. Ltd.)
- ofo Inc.
- Spin (Ford Smart Mobility LLC)
- Vélib' Métropole
- Youon (Yonganxing Technology Co., Ltd.)
- Yulu Bikes Pvt Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bike-sharing Service Market - By Bike Type
1.3.2 Bike-sharing Service Market - By Sharing System
1.3.3 Bike-sharing Service Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIKE-SHARING SERVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BIKE-SHARING SERVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BIKE-SHARING SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. BIKE-SHARING SERVICE - GLOBAL MARKET OVERVIEW
6.2. BIKE-SHARING SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIKE-SHARING SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - BIKE TYPE
7.1. OVERVIEW
7.2. BIKE TYPE MARKET FORECASTS AND ANALYSIS
7.3. E-BIKES
7.3.1. Overview
7.3.2. E-Bikes Market Forecast and Analysis
7.4. CONVENTIONAL BIKES
7.4.1. Overview
7.4.2. Conventional Bikes Market Forecast and Analysis
8. BIKE-SHARING SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - SHARING SYSTEM
8.1. OVERVIEW
8.2. SHARING SYSTEM MARKET FORECASTS AND ANALYSIS
8.3. DOCKLESS
8.3.1. Overview
8.3.2. Dockless Market Forecast and Analysis
8.4. DOCKED
8.4.1. Overview
8.4.2. Docked Market Forecast and Analysis
9. BIKE-SHARING SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bike-sharing Service Market Overview
9.1.2 North America Bike-sharing Service Market Forecasts and Analysis
9.1.3 North America Bike-sharing Service Market Forecasts and Analysis - By Bike Type
9.1.4 North America Bike-sharing Service Market Forecasts and Analysis - By Sharing System
9.1.5 North America Bike-sharing Service Market Forecasts and Analysis - By Countries
9.1.5.1 United States Bike-sharing Service Market
9.1.5.1.1 United States Bike-sharing Service Market by Bike Type
9.1.5.1.2 United States Bike-sharing Service Market by Sharing System
9.1.5.2 Canada Bike-sharing Service Market
9.1.5.2.1 Canada Bike-sharing Service Market by Bike Type
9.1.5.2.2 Canada Bike-sharing Service Market by Sharing System
9.1.5.3 Mexico Bike-sharing Service Market
9.1.5.3.1 Mexico Bike-sharing Service Market by Bike Type
9.1.5.3.2 Mexico Bike-sharing Service Market by Sharing System
9.2. EUROPE
9.2.1 Europe Bike-sharing Service Market Overview
9.2.2 Europe Bike-sharing Service Market Forecasts and Analysis
9.2.3 Europe Bike-sharing Service Market Forecasts and Analysis - By Bike Type
9.2.4 Europe Bike-sharing Service Market Forecasts and Analysis - By Sharing System
9.2.5 Europe Bike-sharing Service Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bike-sharing Service Market
9.2.5.1.1 Germany Bike-sharing Service Market by Bike Type
9.2.5.1.2 Germany Bike-sharing Service Market by Sharing System
9.2.5.2 France Bike-sharing Service Market
9.2.5.2.1 France Bike-sharing Service Market by Bike Type
9.2.5.2.2 France Bike-sharing Service Market by Sharing System
9.2.5.3 Italy Bike-sharing Service Market
9.2.5.3.1 Italy Bike-sharing Service Market by Bike Type
9.2.5.3.2 Italy Bike-sharing Service Market by Sharing System
9.2.5.4 United Kingdom Bike-sharing Service Market
9.2.5.4.1 United Kingdom Bike-sharing Service Market by Bike Type
9.2.5.4.2 United Kingdom Bike-sharing Service Market by Sharing System
9.2.5.5 Russia Bike-sharing Service Market
9.2.5.5.1 Russia Bike-sharing Service Market by Bike Type
9.2.5.5.2 Russia Bike-sharing Service Market by Sharing System
9.2.5.6 Rest of Europe Bike-sharing Service Market
9.2.5.6.1 Rest of Europe Bike-sharing Service Market by Bike Type
9.2.5.6.2 Rest of Europe Bike-sharing Service Market by Sharing System
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bike-sharing Service Market Overview
9.3.2 Asia-Pacific Bike-sharing Service Market Forecasts and Analysis
9.3.3 Asia-Pacific Bike-sharing Service Market Forecasts and Analysis - By Bike Type
9.3.4 Asia-Pacific Bike-sharing Service Market Forecasts and Analysis - By Sharing System
9.3.5 Asia-Pacific Bike-sharing Service Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bike-sharing Service Market
9.3.5.1.1 Australia Bike-sharing Service Market by Bike Type
9.3.5.1.2 Australia Bike-sharing Service Market by Sharing System
9.3.5.2 China Bike-sharing Service Market
9.3.5.2.1 China Bike-sharing Service Market by Bike Type
9.3.5.2.2 China Bike-sharing Service Market by Sharing System
9.3.5.3 India Bike-sharing Service Market
9.3.5.3.1 India Bike-sharing Service Market by Bike Type
9.3.5.3.2 India Bike-sharing Service Market by Sharing System
9.3.5.4 Japan Bike-sharing Service Market
9.3.5.4.1 Japan Bike-sharing Service Market by Bike Type
9.3.5.4.2 Japan Bike-sharing Service Market by Sharing System
9.3.5.5 South Korea Bike-sharing Service Market
9.3.5.5.1 South Korea Bike-sharing Service Market by Bike Type
9.3.5.5.2 South Korea Bike-sharing Service Market by Sharing System
9.3.5.6 Rest of Asia-Pacific Bike-sharing Service Market
9.3.5.6.1 Rest of Asia-Pacific Bike-sharing Service Market by Bike Type
9.3.5.6.2 Rest of Asia-Pacific Bike-sharing Service Market by Sharing System
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bike-sharing Service Market Overview
9.4.2 Middle East and Africa Bike-sharing Service Market Forecasts and Analysis
9.4.3 Middle East and Africa Bike-sharing Service Market Forecasts and Analysis - By Bike Type
9.4.4 Middle East and Africa Bike-sharing Service Market Forecasts and Analysis - By Sharing System
9.4.5 Middle East and Africa Bike-sharing Service Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bike-sharing Service Market
9.4.5.1.1 South Africa Bike-sharing Service Market by Bike Type
9.4.5.1.2 South Africa Bike-sharing Service Market by Sharing System
9.4.5.2 Saudi Arabia Bike-sharing Service Market
9.4.5.2.1 Saudi Arabia Bike-sharing Service Market by Bike Type
9.4.5.2.2 Saudi Arabia Bike-sharing Service Market by Sharing System
9.4.5.3 U.A.E Bike-sharing Service Market
9.4.5.3.1 U.A.E Bike-sharing Service Market by Bike Type
9.4.5.3.2 U.A.E Bike-sharing Service Market by Sharing System
9.4.5.4 Rest of Middle East and Africa Bike-sharing Service Market
9.4.5.4.1 Rest of Middle East and Africa Bike-sharing Service Market by Bike Type
9.4.5.4.2 Rest of Middle East and Africa Bike-sharing Service Market by Sharing System
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bike-sharing Service Market Overview
9.5.2 South and Central America Bike-sharing Service Market Forecasts and Analysis
9.5.3 South and Central America Bike-sharing Service Market Forecasts and Analysis - By Bike Type
9.5.4 South and Central America Bike-sharing Service Market Forecasts and Analysis - By Sharing System
9.5.5 South and Central America Bike-sharing Service Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bike-sharing Service Market
9.5.5.1.1 Brazil Bike-sharing Service Market by Bike Type
9.5.5.1.2 Brazil Bike-sharing Service Market by Sharing System
9.5.5.2 Argentina Bike-sharing Service Market
9.5.5.2.1 Argentina Bike-sharing Service Market by Bike Type
9.5.5.2.2 Argentina Bike-sharing Service Market by Sharing System
9.5.5.3 Rest of South and Central America Bike-sharing Service Market
9.5.5.3.1 Rest of South and Central America Bike-sharing Service Market by Bike Type
9.5.5.3.2 Rest of South and Central America Bike-sharing Service Market by Sharing System
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BIKE-SHARING SERVICE MARKET, KEY COMPANY PROFILES
11.1. BIRD RIDES, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. LIME (NEUTRON HOLDINGS, INC.)
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LYFT, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MOBIKE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MOBYCY (BYCYSHARE TECHNOLOGIES PVT. LTD.)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OFO INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SPIN (FORD SMART MOBILITY LLC)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VéLIB' MéTROPOLE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. YOUON (YONGANXING TECHNOLOGY CO., LTD.)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YULU BIKES PVT LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bird Rides, Inc.
2. Lime (Neutron Holdings, Inc.)
3. Lyft, Inc.
4. Mobike
5. Mobycy (BycyShare Technologies Pvt. Ltd.)
6. ofo Inc.
7. Spin (Ford Smart Mobility LLC)
8. Vélib' Métropole
9. Youon (Yonganxing Technology Co., Ltd.)
10. Yulu Bikes Pvt Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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