Bike sharing market size is gaining immense momentum due to increasing environmental and health concerns across the world. This system helps in reducing the usage of automobiles for environment purposes which leads to lower traffic congestion and makes urban areas easier to navigate.

With new advancements in these technologies, service providers are providing bicycles with GPS navigation systems and helping commuters in finding destinations with ease. Seeing the proliferating demand and changing consumer preferences, venture capitalists are making hefty investments in the startups to augment their business operation. Such trends will boost the adoption of services and provide commuters with a convenient and time-saving travel mode.

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The demand for conventional bikes is proliferating day by day owing to their low maintenance costs and longer life in terms of time and distance. With the propagation of consumer-ready mobile payments, GPS technology, IoT, and AI, service providers are making huge investments for the implementation of these technologies in conventional bikes.

Over the past few years, station-based bike sharing system has become a notable tech trend and introduced to many cities globally, encouraging more bicycles and promoting healthy environment. Companies are consistently working towards installing various novel sharing stations at different public locations to expand their footprint and provide customers bikes at convenient locations.

Furthermore, these station-based model solves the major concerns like loss from theft or vandalism and provide better security options. Since the launch of this systems, the station-based service segment has experienced explosive growth due to considerable flexibility and affordability.

Owing to transport flexibility and growing demand for e-bike sharing services in the U.S., service providers are promoting e-bikes over traditional bikes as these bikes help in improving multimodal transport connections and reduced congestion and fuel use.

North America bike sharing market size is slated to witness a notable growth at 10% CAGR by 2025. In June 2019, Madison BCycle had announced the replacement of its conventional bikes over e-bikes in the U.S. and it had been observed that working professionals in various cities including Chicago and New York had opted these e-bikes in large number.

The prominent Key companies in the market include ofo, Lime, Mobike, Neutron Holdings Inc., Youon Bikes, Tembici, Capital Bikeshare, Divvy Bikes

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Table of Content

Chapter 4. Bike Sharing Market, By Type

4.1. Key trends by type

4.2. Conventional bikes

4.2.1. Market estimates and forecast, 2015 – 2025

4.3. E-bikes

4.3.1. Market estimates and forecast, 2015 – 2025

Chapter 5. Bike Sharing Market, By Model

5.1. Key trends by model

5.2. Station-based

5.2.1. Market estimates and forecast, 2015 – 2025

5.3. Free floating

5.3.1. Market estimates and forecast, 2015 – 2025

5.4. P2P

5.4.1. Market estimates and forecast, 2015 – 2025

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