Bike-Sharing Market is estimated to be US$ 13.40 billion by 2032 with a CAGR of 14.2% during the forecast period
Bike-Sharing Market accounted for US$ 3.6 Billion in 2022 and is estimated to be US$ 13.40 Billion by 2032 and is anticipated to register a CAGR of 14.2%. Bike sharing is the provision of bicycles for shared use through a self-service rental scheme in which people can rent bicycles for short-term use. Bike sharing is a shared transportation service that enables individuals to rent or borrow conventional or electric bikes on a short-term basis. It is environmentally friendly and, as a result, allows the rider to travel without using fuel, thereby helping to reduce carbon dioxide (CO2) emissions. It reduces road congestion, increases financial savings and offers health benefits such as preventing depression and anxiety and improving a person's overall fitness. Bike sharing is an innovative urban transportation option that gives individuals instant access to a bicycle to travel around the city. In recent years, bike sharing systems have emerged as a cost-effective and environmental