According to Facts and Factors Market Research, the global e-bike sharing market in 2019 was approximately USD 28.11 Million. The market is expected to grow at a CAGR of 8.6% and is anticipated to reach around USD 50.09 Million by 2026.
An e-bike can be a scooter, bicycle, or motorcycle which runs electrically. It may be completely propelled through electric or partly assisted by peddling. E-bikes are environmental friendly and cost-effective transport solutions.
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Top Market Players
- Pedego Electric Bikes
- Lime Bike
- Citi Bike
- Journey Matters
- and Gobike
The growing concerns regarding environmental and health across the nations have generated demand for electric vehicles. Moreover, the rise in traffic congestion and high fuel prices in the APAC region have proliferated the electric vehicle market. Nowadays, to cut down fuel prices, people are opting for sharing their vehicles which is ultimately increasing the demand for this market. Additionally, most of the young generation flies from their own native place to another state, city, or country either for studying or doing service. In a new place, it gets difficult to own a bike. Thereby, people look out for convenient travel facilities and they opt for vehicle sharing programs. Hence, such factors are significantly influencing the e-bike sharing market in recent years.
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The e-bike sharing market is segmented based on type and industry. On the basis of type segmentation, the market is classified into public organizations & governments, a private company. In terms of the industry segment, the market is bifurcated into internal use and public use. Public use has accounted for the largest market share presently. Rising health consciousness among consumers is proliferating the demand for the e-bike sharing market. Moreover, the invention of electrically powered bicycles has given customers the convenient option of biking without having to strain themselves physically to a large extent. In addition, people are becoming more inclined towards sharing rather than owning. Many people migrate from one place to another for the purpose of education, and jobs. For them, bike-sharing is very convenient and as a result, the use of e-bikes among the public will be more and help to expand the e-bike sharing market size.
The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the E-Bike Sharing sector. Key strategic developments in the e-bike sharing market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the e-bike sharing market are appropriately highlighted in the report.
The demand for e-bikes is increasing owing to their flexible operations and zero carbon emissions. Moreover, high fuel prices across the globe are making individuals incline towards vehicle sharing as it is a cost-effective transport solution. In addition, enterprises are heavily investing in R & D activities to enhance overall vehicle performance. Furthermore, due to heavy traffic congestion, people are adopting convenient travel facilities. , Thereby, certain factors are responsible for the growth of the market. In North America and Europe, bike-sharing enterprises are replacing conventional bikes with e-bikes to users. Thereby, it is anticipated that in the next few years the market size for e-bike sharing will rapidly grow.
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The e-bike sharing market research report delivers an acute valuation and taxonomy of the e-bike sharing industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
On the basis of geography, the e-bike sharing market has been segmenting into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. The Asia Pacific holds the largest market share in 2019. China is having the biggest market share for e-bike sharing owing to the increasing number of new entrants into the market, since 2014. In addition, several towns in China do not need a license to run an e-bike sharing system. In this area, massive investment is being done by private operators which has allowed e-bike sharing operators to grow their business rapidly. In Latin America, countries like Brazil and Mexico have a high demand for low-cost transportation alternatives. Thereby, companies operating in this region have huge opportunities to earn revenues by facilitating e-bike sharing programs to the public. Furthermore, the regions are analyzed into major countries U.S., Mexico, Germany, South Africa, Italy, India, Japan, Brazil, UK, Canada, South Korea, UAE, Egypt, France, China, and Kuwait among others.
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This report segments the e-bike sharing market as follows:
Global E-Bike Sharing Market: By Type Segmentation Analysis
- Public Organization & Government
- Private Company
Global E-Bike Sharing Market: By Industry Segmentation Analysis
- Internal Use
- Public Use
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