Bike Sharing Market Analysis and Growth Forecast to 2025

The global bike sharing market generated a revenue of $2.7 billion in 2018 and is expected to surpass $5.0 billion by 2025, advancing at a 10.2% CAGR during the forecast period (2019-2025). The market is growing due to the greater convenience of bike sharing, economical mobility option, urban road congestion, and deployment of e-bikes. In terms of type, the market is divided into dock-less and station-based, between which, the dock-less division is predicted to dominate the market during the forecast period. The faster growth is projected to be registered by the station-based division.