Home > Automotive > Automotive Services > Shared Mobility > Bike Sharing Market

Bike Sharing Market Share

Report ID: GMI4302
Published Date: Aug 2019
Report Format: PDF

Download Free Sample

Bike Sharing Market Share

Prominent players operating in the bike sharing market are:

JUMP
Mobike
Ofo Inc
Lime
Lyft
SG Bikes
Tembici.

Companies are adopting several strategies such as collaborations & partnerships and mergers & acquisitions to expand their business operations. For instance, in July 2018, Lyft announced the acquisition of Motivate, a San Francisco-based company. This helped Lyft to enhance its business operations in the U.S. Players are making large investments for the development of new bike stations and adding new bikes to the fleet to expand their geographical reach. For instance, in December 2018, Ford GoBike announced the addition of approximately 600 e-bikes to the U.S. market. Several leading enterprises are making large investments in start-up companies to enhance their business operations. For instance, in March 2018, Alibaba Group announced an investment of around USD 866 million in Ofo Inc. Players are also partnering with other shared mobility companies & public transport companies to expand their performance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bike sharing valued at over USD 4 billion in 2018.

The industry share of bike sharing will grow at a CAGR of 15% from 2019 to 2025.

Bike sharing is likely to register considerable demand on the back of increasing government initiatives for developing reliable bike-sharing infrastructure as well as proliferation of smart city projects.

The demand for e-bikes has grown exponentially over the years owing to their ease of operations and eco-friendly nature, which may further promote the requirement of bike sharing services in future.

Bike sharing services in the APAC region are witnessing increasing demand owing to changing consumer preference toward eco-friendly transportation and investments by numerous bike sharing start-ups across China.