The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global bicycle sharing market is poised for robust expansion, with a projected growth trajectory from $3.56 billion in 2022 to $3.82 billion in 2023, translating to an impressive compound annual growth rate (CAGR) of 7.3%. However, it is important to note that the global economic landscape has been significantly affected by the Russia-Ukraine conflict, casting a shadow over the recovery process from the COVID-19 pandemic. This geopolitical strife has precipitated economic sanctions on numerous nations, elevated commodity prices, and induced disruptions in supply chains, thereby triggering inflationary pressures across a wide spectrum of goods and services, thereby exerting influence on various sectors worldwide.
Nonetheless, the bicycle sharing market exhibits resilience, anticipated to reach $4.87 billion by 2027, albeit at a more subdued CAGR of 6.2%. This showcases the adaptability of this sector amidst challenging economic conditions.
The burgeoning demand for electric bicycles, commonly known as e-bikes, is poised to serve as a driving force behind the continued expansion of the bike-sharing market. An electric bike is characterized by its integrated electric motor and battery system, a technological marvel that offers a multitude of advantages. E-bikes are pivotal contributors to the success of bike-sharing initiatives as they bolster the accessibility of such systems, elevate the prowess of these bicycles in conquering inclines, and, perhaps most importantly, enhance the overall user experience. The amalgamation of these electric marvels into bike-sharing programs not only represents a significant technological advancement but also signifies a profound transformation in the realm of urban transportation.
For instance, in August 2022, according to the Bureau of Transportation Statistics (BTS), a U.S. federal agency, the number of available e-scooter systems increased to 300 in 2022, up from 281 in 2021. Additionally, the number of cities with e-scooter systems grew to 158 in 2022, compared to 136 in 2021. Therefore, the rise in demand for e-bikes is driving the growth of the bike-sharing market going forward.
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The bike sharing market segments in the report are:
1) By Bike Type: E-Bike, Conventional Bikes
2) By Sharing: Docked, Dock Less
3) By Duration: Short Term, Long Term
4) By Model Type: Free-Floating, Peer-To-Peer (P2P), Station Based
The table of contents in TBRC’s bike sharing market report includes:
1. Executive Summary
2. Bike Sharing Market Characteristics
3. Bike Sharing Market Trends And Strategies
4. Bike Sharing Market - Macro Economic Scenario
………….
32. Global Bike Sharing Market Competitive Benchmarking
33. Global Bike Sharing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bike Sharing Market
35. Bike Sharing Market Future Outlook and Potential Analysis
36. Appendix
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