Market Research Report
Global Bike-Sharing Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||759932|
|Published||Content info||96 Pages
Delivery time: 1-2 business days
|Global Bike-Sharing Market 2018-2022|
|Published: December 7, 2018||Content info: 96 Pages||
Rising adoption of dockless bike-sharing services to gain traction in the market. Dockless bikes can be picked up and dropped off anywhere without the need for parking or dock stations. This serves the users better by increasing the availability of bikes across a location. Technavio's analysts have predicted that the bike-sharing market will register a CAGR of around 21% by 2022.
The global bike-sharing market is witnessing a rapid growth rate in recent years owing to the noteworthy improvement in navigational technologies used in bikes.
Despite installing sophisticated security mechanisms in the bikes, many vendors have been facing theft related challenges since the inception of bike-sharing concept.
For the detailed list of factors that will drive and challenge the growth of the bike-sharing market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Techman-Head Group and Brackett Aircraft Company the competitive environment is quite intense. Factors such as the advances in navigation technologies and the rising adoption of dockless bike-sharing services, will provide considerable growth opportunities to bike-sharing manufactures. Brackett Aircraft Company, Techman-Head Group, HYDRO SYSTEMS, and K&M Airporttecknik are some of the major companies covered in this report.