The article cited AMA's "Global Bike Sharing Market Study" explored CAGR of %. According to the report, Advancements in the Navigation Technologies is one of the primary growth factors for the market. Rising Smartphone Penetration Worldwide
is also expected to contribute significantly to the Bike Sharing market. Overall, Government
applications of Bike Sharing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Sharing Model, such as Station-Based/ Dock Based, is boosting the Bike Sharing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Time Period, such as Short Term, is boosting the Bike Sharing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Bike Sharing market identified that the demand is rising in many different parts of the world as "Rapid Urbanization Worldwide
". Furthermore, some recent industry insights like "In May 2019, Uber announced it launching its new electric jump bikes in London (United Kingdom). The company’s red bikes which can be hired through the Uber app. The bikes have an electric motor, which is designed to stop people from breaking a sweat and can reach speeds of 15mph." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Bike Sharing market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bike Sharing market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Bike Sharing market size is calculated using market estimation process, the Bike Sharing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bike Sharing market size has been validated using both top-down and bottom-up approaches.