Global Bike-sharing Market 2018-2022| 21% CAGR Projection Over the Next Five Years| Technavio
LONDON--(BUSINESS WIRE)--Dec 26, 2018--The global bike-sharing market is expected to post a CAGR of close to 21% during the period 2018-2022, according to the latest market research report by .
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Technavio has released a new market research report on the global bike-sharing market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the advances in navigation technologies. The global bike-sharing market is witnessing a rapid growth rate in recent years owing to the noteworthy improvement in the navigational technologies used in the bikes. Currently, vendors are offering bikes that feature built-in navigational devices, which facilitate the users in reaching their desired destinations easily. Users can access the navigation systems via their smartphones apps. Hence, the technological advancements in terms of navigation will help drive the market during the forecast period.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the rise in venture capital investments as one of the key emerging trends in the global bike-sharing market:
Global bike-sharing market: Rise in venture capital investments
The global bike-sharing market has been witnessing a substantial rise in venture capital investments in the past few years. Most of the vendors operating in the current market are effectively raising investments from venture capitalists to expand their business by deploying a greater number of bikes and enhancing their geographical outreach. For instance, ofo, one of the prominent vendors operating in the global bike-sharing market, raised more than 866 million USD from Alibaba and Qifeng Group to expand its business. Hence, the substantial rise in venture capital investments across the industry is estimated to drive the growth of the market during the forecast period.
“Along with the rise in venture capital investments, the rising adoption of dockless bike-sharing services, the growing popularity of income-based discount programs, and the increasing traffic congestion are some factors that are expected to boost the growth of the global bike-sharing market during the forecast period,” says a senior analyst at Technavio.
Global bike-sharing market: Segmentation analysis
This market research report segments the global bike-sharing market by product (docked bikes and dockless bikes) and geographical regions (APAC, EMEA, and the Americas).
The APAC region led the market in 2017 with a market share close to 39%, followed by EMEA and the Americas respectively. During the forecast period, the APAC region is expected to continue dominating the global market as well as register the highest incremental growth.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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