Bike-Sharing Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the bike-sharing market and it is expected to grow by $ 5.95 bn, accelerating at a CAGR of almost 22% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Bike-Sharing Market: Key Trends to impact market growth
The is one of the key bike-sharing market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Bike-Sharing Market: Top Drivers to Boost Demand
The Advances in navigation technologies is one of the primary factors driving the growth of the bike-sharing market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: 99 Bikes, Ford Motor Co. and Grab Holdings Inc. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 99 Bikes, Ford Motor Co., Grab Holdings Inc., Lyft Inc., Mobike, MobilityCloud Inc., Neutron Holdings Inc., nextbike GmbH, Trek Bicycle Corp., and Uber Technologies Inc. are some of the major market participants.
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Bike-Sharing Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the Global Bike-Sharing Market and it is expected to grow by USD 5.95 billion, accelerating at a CAGR of over 22% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Bike-Sharing Market: Advances in navigation technologies to drive growth
The continuous advances in navigation technologies is one of the key factors expected to trigger bike-sharing market growth during the forecast period. With advances in smart technologies, vendors are offering bikes with built-in navigational devices which enable convenience for users. Furthermore, smartphone apps allow users to leverage the benefits of these navigation technologies.
The rise in venture capital investments is identified as one of the key emerging trends in the bike-sharing market. Most of the vendors operating in the current market are effectively raising investments from venture capitalists to expand their business and deploy an increasing number of bikes and thus enhance their geographical outreach.
Bike-Sharing Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 99 Bikes, Ford Motor Co., Grab Holdings Inc., Lyft Inc., Mobike, MobilityCloud Inc., Neutron Holdings Inc., nextbike GmbH, Trek Bicycle Corp., and Uber Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
