China Bike Sharing Market share Leaders, Future Trends and Forecast 2027
In November, 1.5 million shared bikes circulated in Shanghai alone, equivalent to one bike for every 16 inhabitants. The number of bikes had fallen to 1.1 million by the end of October 2017 as operators were forced to remove bikes in poor condition. In September 2017, 15 separate operators had approximately 2.3 million shared bikes in the city of Beijing, however the addition of additional bikes was prohibited. In 2020, the Chinese market grew 7.1% year on year and is predicted to increase at a CAGR of 4.62% during the forecast period. China Bike Sharing Market Report Scope and Research Methodology: The market report provides historical data and revenue growth estimates at the regional and country levels, as well as a full analysis of China Bike Sharing market trends in each of the main segments and its sub-segments from 2022 to 2029. The Stellar Market Research team's major research approach is data triangulation, which includes an investigation of the impact of data variable