25 Jul 2021
The Bike Sharing Market is continuously growing across the world over the coming years. Bike sharing is an innovative approach to urban mobility, combining the convenience and flexibility of a bicycle with the accessibility of public transportation. Many bike share systems allow people to borrow a bike from a "dock" and return it at another dock belonging to the same system. Docks are special bike racks that lock the bike, and only release it by computer control. Growing awareness towards environmental pollution and government initiatives to encourage bike sharing are the substantial driving factors of the Bike Sharing market. In addition, increasing problem of traffic due to rising usage of vehicles and advances in navigation technologies in bike sharing are also factors which increasing demand of bike sharing across the world. Bike Sharing relies on a system of self-service bike stations, it can introduce new people into bicycle commuting by providing fun, safe, and secure bikes and it an encourage new demographics. According to the National Association of City Transportation Officials (NACTO), bike share programs increase the visibility of cyclists and making riding safer for everyone. Furthermore, increasing demand for e-bikes is creating numerous opportunity in the market. However, Several issues such as vandalism and theft and increasing price of fuel consumption are the restraining factors of the bike sharing market in the upcoming years
Uber Technologies, Inc., commonly known as Uber, is an American technology company established in 2009 and headquartered at 1455 Market St #400, San Francisco, California, 94103, United States. Specialties in mobile, transportation, logistics, and technology. Uber had nearly 22,800 Employees and had revenue of $11 Billion.
Mobike, also known as Meituanbike established in 2015 and headquartered at Beijing, Beijing China. Specialties in Smart Bike, IoT, Shared Bicycle System, Urban Mobility Solution, Sustainable Transport, and Healthy Lifestyle. Mobike had nearly 109 employees and had revenue of $683 Million.
JCDecaux established in 1964 and headquartered at 7 South Gyle Crescent Ln, Currie, Edinburgh, EH12 9EG, United Kingdom. Specialties in Out Of Home Media, Outdoor Advertising, Street furniture, Airport / Transport Advertising, and Billboard. JCDecaux had nearly 13,210 Employees and had revenue of $4 Billion.
Hellobike established in 2016 and headquartered at Shanghai, Shanghai China. Specialties in Sharing, smart hardware, software development, smart travel, and travel industry. Hellobike had nearly 26 Employees and had revenue of $5 Million.
Zagster established in 2007 and headquartered at 109 Kingston St, Fl 5, Boston, Massachusetts, 02111, United States. Specialties in Bike Sharing, Community Engagement, Sustainable Transportation, Multimodal Transportation, On-Demand Transportation, Bike Share Operations, Transportation Planning, scooter sharing, electric bike sharing, technology, technology platforms, microtransit, micromobility, mobility operations, sponsorship opportunities, operations as a service, and city of the future.
Target Audience of the Global Bike Sharing Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers