Bike sharing is referred to a bike rental service for short to medium distance commuting for a price or free. It is available at on-street docked or dock-less stations, which allow commuter to borrow a bike and return it at another same station. Most large-scale urban bike sharing programs have numerous bike check-out stations, and operate much like public transit systems, catering to tourists and visitors as well as local residents. Bike sharing systems have also been cited as a way to solve the last mile problem of public transit networks. These services are an innovative solution to the urban mobility challenges and are an effective way of promoting urban cycling and contributing to a more sustainable and environmentally friendly mobility.
The factors such as rise in venture capital investments and increase in inclusion of e-bikes in the sharing fleet are anticipated to drive the market growth. However, high initial investment cost and rise in bike vandalism & theft are expected to hinder the market growth. Further, technological advancements in bike sharing system and increase in government initiatives for the development of bike-sharing infrastructure are some of the factors expected to offer lucrative opportunities for the market growth during the forecast period.
The market is segmented on the basis of bike type, sharing system, and region. By bike type, it is bifurcated into traditional/convectional and e-bike. By sharing system, it is divided into docked and dock-less. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the bike sharing market are Anywheel Pte. Ltd, Beijing Xiaoju Technology Co, Ltd., Bird Rides, Inc, BIXI Montreal, Bond Mobility (Europe) AG, JCDecaux, Lime, LYft, Inc., Mobike, Nextbike GmbH, SG Bike Pte Ltd, Spin, Tembici, Uber Technologies Inc. and Youon Technology Co., Ltd.

COVID-19 Impact Analysis:
The rapid spreading of coronavirus pandemic has brought unprecedented challenges and threats to the normal life of human beings and global public health. Due to high infectivity and destructiveness of COVID-19, and the suddenness of its outbreak, the government authorities across the world have taken strong measures, such as national-wide lockdown and isolation of people at high-risk areas, to stop the spread of this new disease. This has caused huge impacts on global economy, owing to the total lockdown and temporarily shutdown of industries across the world. Whereas, the health crisis due to COVID-19 has had a significant impact on the bike sharing market growth. However, stay-at-home orders and limited business operations in countries across the world has resulted in decrease in demand for shared bikes in first quarter of 2020. Although, owing to the COVID-19 pandemic, commuters are mostly avoiding the use of public transportation and shared bikes are considered as safe, convenient, and affordable alternative to public transportation.

KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global bike sharing market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall global bike sharing market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global bike sharing market with a detailed impact analysis.
- The current global bike sharing market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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KEY MARKET SEGMENTS
By Bike Type
o Traditional/Convectional
o E-Bikes
By Sharing System
o Docked
o Dock-less
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
KEY PLAYERS
o Anywheel Pte. Ltd
o Beijing Xiaoju Technology Co, Ltd.
o Bird Rides, Inc
o BIXI Montreal
o Bond Mobility (Europe) AG
o JCDecaux
o Lime
o LYft, Inc.
o Mobike
o Nextbike GmbH
o SG Bike Pte Ltd
o Spin
o Tembici
o Uber Technologies Inc.
o Youon Technology Co., Ltd.

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