Seattle, WA -- (SBWIRE) -- 11/01/2019 -- bicycle-sharing system Market Overview:

A bicycle-sharing system, public bicycle system, or bike-share scheme, is a service in which bicycles are made available for shared use to individuals on a short term basis for a price or free. Many bike share systems allow people to borrow a bike from a "dock" and return it at another dock belonging to the same system. Docks are special bike racks that lock the bike, and only release it by computer control. The user enters payment information, and the computer unlocks a bike. The user returns the bike by placing it in the dock, which locks it in place. Other systems are dockless. For many systems, smartphone mapping apps show nearby available bikes and open docks.

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bicycle-sharing system Market Scope:

Bike-Sharing Service have wide range of applications by age, such as Age 18-24, Age 25-34, Age 35-44, Other. And Age 25-34 was the most widely used area which took up about 38% of the global total in 2018.
JUMP Bikes, Citi Bike, LimeBike, Capital Bikeshare, Divvy Bikes, Blue Bikes (Hubway), Ford GoBike, Mobike, Hellobike, Nextbike are the key suppliers in the global Bike-Sharing Service market.
The global Bike-Sharing Service market is valued at 1570 million USD in 2018 and is expected to reach 5440 million USD by the end of 2024, growing at a CAGR of 28.3% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

bicycle-sharing system Industry Competition
Each industry assessed in the report is studied in relation to different factors such as product and application portfolios, market share, growth potential, future plans, and recent developments. Readers will be able to gain details understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on strategies that leading players are banking on to maintain their dominance in the bicycle-sharing system market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the industry expectation.

Competitive Landscape:
The major players in the market are as follows:
1. JUMP Bikes
2. Citi Bike
3. LimeBike
4. Capital Bikeshare
5. Divvy Bikes
6. Blue Bikes (Hubway)
7. Ford GoBike
8. Mobike
9. Hellobike
10. Nextbike
11. Call a bike
12. Santander Cycles
13. Vélib
14. Bicing
15. SG Bike

Market Segment by Type, covers
Dockless
Station-based

Market Segment by Applications, can be divided into
Age 18-24
Age 25-34
Age 35-44
Other

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