Global Bike Sharing Market 2019- Current trends with Top Players Uber, Ofo, Neutron Holdings Inc. dba Ltd., Lyft, Bluegogo, Mobike, JCDecaux Group, Mingbikes, Hellobike, YooBike, CCbike forecast to 2025

Market Overview
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.

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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.
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.

Major Players:
• Uber
• Ofo
• Neutron Holdings Inc. dba Ltd.
• Lyft
• Bluegogo
• Mobike
• JCDecaux Group
• Mingbikes
• Hellobike
• YooBike
• CCbike
• Zagster
• LimeBike
• Citi Bike
• Hubway

The regional analysis of Global Bike Sharing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share with 39% in 2017 owing to growing increasing demand of Bike Sharing in the developing countries such as India, China and Japan. Europe is also registered to grow in the global Bike Sharing market over the coming years. North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to high focus on rising investment in bike sharing.

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Market Segmentation:
By Product Type:
• Traditional Bike
• E-Bike
By Technology:
• Docked
• Dock Less
By Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

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This release was published on openPR.