DUBLIN--(BUSINESS WIRE)--The "The Bike and Scootersharing Telematics Market" report has been added to ResearchAndMarkets.com's offering.

According to a this market research report, the number of deployed vehicles in bikesharing schemes worldwide is forecasted to grow from 24.4 million in 2017 to reach 36.9 million in 2023.

Bikesharing is a decentralised bicycle rental service, usually focusing on short-term rentals that supplements other modes of transport including walking and public transport.

Another model that is rapidly gaining in popularity is free floating services, which enables members to pick up and drop off vehicles anywhere within a designated area.

Today, free floating bikesharing has become the most common bikesharing service in terms of deployed vehicles. In 2017, free floating bikesharing companies deployed more than 20 million vehicles in China. This led to an oversupply of bikes and issues with vandalism.

Reports suggest that as much as 50 percent of the deployed fleet in some Chinese cities has been scrapped. The average lifetime of a shared bike from several free floating operators is in addition low. Today, we can see the importance of sustainable operations and vehicle quality and it is expected that high-end vehicles featuring embedded connectivity will win on most markets.

Electric bikes are increasingly common and bikesharing companies are developing more robust vehicles. Leading free floating companies such as Ofo and Mobike have recently scaled down their operations in overseas markets and many operators are facing regulatory hurdles that limit the allowed number of bikes in cities.

Prominent vendors of bikesharing services and technology also include Hellobike, Lime, JUMP (acquired by Uber in April 2018), Motivate (acquired by Lyft in July 2018), JCDecaux, PBSC, Nextbike and CycleHop.

The bikesharing fleet is forecasted to grow as the services offer a sustainable option to car ownership and mitigate the so-called last mile commute problem. Station-based and free floating bikesharing constitute parts of a multimodal sharing economy that will have an important role to play in future cities, concluded Mr. Svegander.

Report Highlights

  • Insights from numerous executive interviews with market leading companies
  • New data on bikesharing and scootersharing fleets worldwide
  • Comprehensive overview of the connected bikesharing and scootersharing value chain
  • In-depth analysis of market trends and key developments
  • Detailed profiles of 17 technology vendors and their propositions
  • Case studies of 34 shared micromobility initiatives
  • Market forecasts by region lasting until 2023

Key Topics Covered

1 Introduction to Micromobility

2 Market Forecasts and Trends

3 Company Profiles and Strategies

  • Anywheel
  • Call a Bike by DB Connect
  • Clear Channel
  • CycleHop (HOPR)
  • Docomo Cycle
  • Donkey Republic
  • Nextbike
  • oBike
  • Ofo
  • VBikes
  • Yulu
  • Zagster
  • Bird
  • Blinkee.city
  • CityScoot
  • Coup
  • ECooltra
  • Emmy
  • Felyx
  • Muving
  • Poppy
  • Popscoot
  • Revel
  • Scoot Networks
  • Scooty
  • Skip
  • Spin
  • Omni
  • Sensefields
  • PBSC Urban Solutions
  • SharingOS
  • Sitael
  • Smoove
  • Vulog
  • and more...

For more information about this report visit https://www.researchandmarkets.com/research/5733sw/the_bike_and?w=4

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Related Topics: Motorcycles, Telematics and Vehicle Electronics, Bikes and Cycling Equipment