Global Smart Bicycles Market Forecast up to 2023

  • 70
    Pages

  • 16
    Tables

  • 24
    Charts

  • 22
    Regions/ Countries

  • 9
    Companies

  • 10
    Enquiry Hours

Overview

The regulatory push for low carbon emission transit, increasing demand for multi-modal transportation in smart cities, and rapid urbanization in smart cities are fostering the need for smart bicycles. These bicycles are being used as a personal vehicle as well as an on-demand transit mode.

Market Analysis

The global smart bicycles market is segmented by components and by ride-sharing services. The components covered in the report include e-Bike Lock, Anti-theft Features, Smart Bike Monitoring System, Custom Sensors, and Battery. On an average, a smart bicycle owner would have spent over 12% of the cost of the vehicle to enable smart components on it. The e-Bike Lock system is expected to grow at a CAGR of 8.0% during the forecast period to reach revenue of $123.1 million by 2023. This segment has witnessed the failure of smart locking technology from leading dockless bike sharing vendors. The companies such as Vodafone, AT&T, Huawei, and Qualcomm are focused on e-Bike locking devices and anti-theft components.

The ride-sharing services include dockless, docked, and hybrid. The dockless bicycle sharing is popularly used across regions because of the vast Chinese dockless ride-sharing service providers, bringing Chinese manufactured low-cost bicycles in their areas of operations. Due to this, the cost per ride has significantly reduced in Europe and North American countries. However, these companies have failed to protect their vehicles from being misused and theft, which has resulted in the closure of their operations in few of the important cities. However, the dock-based and hybrid ride sharing models significantly focus on vehicle protection and safety, despite the high cost of the ride.

Regions

The Americas and Europe are most likely to hold a significant share in the smart bicycles market. The Americas is expected to remain as a leading adopter of smart bicycles services through 2023, with a CAGR of 4% during the forecast period. Asia is expected to become the third largest market for smart bicycles, primarily due to the increasing demand from China, India, Japan, and South Korea.

Vendors

The report provides details about the global smart bicycles market. The report also contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views, and competitive landscape. The companies included in the report are Google, Mobike, OFO, Giant Bicycles, Beeline, oBike, Velospot, XBikes, and BCycle.

1     Industry Outlook 

1.1        Industry Overview
1.2        Industry Trends
1.3        PEST Analysis

2     Report Outline 

2.1        Report Scope
2.2        Report Summary
2.3        Research Methodology
2.4        Report Assumptions

3     Market Snapshot

3.1        Total Addressable Market
3.2        Segmented Addressable Market

4     Market Outlook 

4.1        Overview
4.2        Porter 5 (Five) Forces

5     Market Characteristics

5.1        Evolution
5.2        Ecosystem
5.3        Market Segmentation
5.4        Market Dynamics
5.4.1     Drivers
5.4.1.1    Impact of regulations aimed at sustainability goals
5.4.1.2    Rapid urbanization
5.4.1.3    Growing demand for multi-modal transit in smart cities
5.4.2     Restraints
5.4.2.1    Unplanned city structure
5.4.2.2    Technological challenges
5.4.3     Opportunities
5.4.3.1    Evolution of new modes of transportation
5.5        DRO – Impact Analysis
5.6         Market Trends

6     Component Types: Market Size and Analysis

6.1        Overview
6.2        e-Bike Lock
6.3        Anti-Theft Features
6.4        Smart Bike Monitoring System
6.5        Custom Sensors
6.6        Battery

7     Ride Sharing Types: Market Size and Analysis

7.1        Overview
7.2        Dock less
7.3        Docked
7.4        Hybrid

8     Regions: Market Size and Analysis

8.1        Overview
8.2        Americas
8.2.1   US
8.2.2   Canada
8.2.3   Brazil
8.2.4   Others
8.3        Europe
8.3.1   UK
8.3.2   Germany
8.3.3   France
8.3.4   Italy
8.3.5   Spain
8.3.6   Sweden
8.3.7   Switzerland
8.3.8   Austria
8.3.9   Others
8.4        Asia Pacific
8.4.1   India
8.4.2   China
8.4.3   South Korea
8.4.4   Japan
8.4.5   Malaysia
8.4.6   Sinagpore
8.4.7   Australia& New Zealand
8.4.8   Others
8.5        Middle East & Africa
8.5.1   UAE
8.5.2   Israel
8.5.3   Turkey
8.5.4   South Africa
8.5.5   Others

9     Vendors Profile 

9.1        Google Inc.
9.1.1     Overview
9.1.2     Business Units
9.1.3     Geographic Revenue
9.1.4     Business Focus
9.1.5     SWOT Analysis
9.1.6     Business Strategies
9.2        Ofo
9.2.1     Overview
9.2.2     Business Focus
9.2.3     SWOT Analysis
9.2.4     Business Strategies
9.3        Giant Bicycles
9.3.1     Overview
9.3.2     Business Focus
9.3.3     SWOT Analysis
9.3.4     Business Strategies
9.4        Mobike
9.4.1     Overview
9.4.2     Business Focus
9.4.3     SWOT Analysis
9.4.4     Business Strategies

10   Companies to Watch for

10.1     XBike
10.1.1  Overview
10.1.2  Offerings:
10.2     oBike
10.2.1  Overview
10.2.2  Offerings:
10.3     BCycle
10.3.1  Overview
10.3.2  Offerings:
10.4     Beeline
10.4.1  Overview
10.4.2  Offerings:
10.5     Velospot
10.5.1  Overview
10.5.2  Offerings:

11   Competitive Landscape 

11.1     Competitor Comparison Analysis

Annexure 

Abbreviations

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.