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Global Bike Sharing Market Insight January 6, 2022 Comments

Global Bike Sharing Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Bike Sharing Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 7.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“due to continually growing environmental and health concerns and increasing emission levels, governments and international organizations across the world are enacting stringent emission norms to reduce carbon emission levels.The governments across the world are promoting e-bikes and also taking various initiatives. The e-bike demand is majorly driven by developing countries, such as China and India. With the implementation of environmental protection policies, shared bicycles will have a better development”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI.
Market Insight:
Bike makers are all based on original technology, and the trend toward bike sharing is electric bikes, which companies want to provide a better experience for consumers.According to Market News:In April,2020, Meituan was reported to have placed an order for millions of e-bikes with a Tianjin and Suzhou-based manufacturers. According to estimates from media outlet Zhitong Caijing, the cost of the bikes and batteries could reach billions of yuan.Ride-hailing platform Didi did not lag behind. On April 17, the company announced a plan to boost the number of daily orders on the platform to more than 100 million in three years, with rentable bikes and e-bikes playing a significant role. In April, Didi’s bike-sharing arm Qingju was revealed to have received a $1 billion round of funding, of which a considerable portion would be used for e-bikes.According to Suzhou-based battery manufacturer Phylion, as of April, it has supplied Qingju with 1 million units of lithium batteries for e-bikes. The cells are custom-tailored for bike-sharing use and have accurate displays of remaining battery life.Under such circumstances,Bike sharing hopes to open up the upstream and downstream industrial chain to gain more market share.
Competition Landscape:
The global Bike Sharing industry is divided according to enterprise,the major companies in the Bike Sharing market include Lyft, Meituan, DiDi etc.July 2018: Lyft, a ride-hailing company, acquired the largest North American bike sharing company Motivate. April 2018: Uber acquired Jump Bikes for an amount of approximately USD 200 million. .A Chinese court has ruled that bike-sharing startup OfO, once valued at upwards of $2 billion, has no ability to pay its massive debts to either suppliers and users.Meituan Dianping, China’s largest provider of on-demand online services, is buying bike-sharing firm Mobike for $2.7 billion.Competition among bicycle-sharing companies eventually evolved into competition among Internet giants,market competition is becoming increasingly fierce.
Segmentation of Bike Sharing Market:
The global Bike Sharing market is segmented on the basis of product. By product, it is divided into traditional bicycles and electric bicycles.In the market share, traditional bicycles have the largest market share due to their low cost, while electric bicycles have a relatively small market share due to their high cost.
Bike Sharing Market: Regional Analysis
In terms of geography, the Global Bike Sharing market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. Asia-Pacific is estimated to be the largest Bike Sharing market and Asia-Pacific is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to shared bicycles solving the last mile problem.As people’s environmental awareness continues to increase, the share of shared bicycles will steadily increase.

Cagr: 7.5%
Largest share area:Asia
Largest share country:China