The post Pedaling Towards Convenience: The Booming Bicycle Subscription Market appeared first on Newstrail.com authored by Fact.MR

The Bicycle Subscription Market is a relatively new market that has emerged in recent years, offering customers the opportunity to subscribe to a service that provides access to a bicycle or a fleet of bicycles for a monthly or annual fee. This market is also known as the “bike-sharing” or “bike-rental” market. Bicycle subscription services can offer a number of benefits to customers, such as convenience, flexibility, and cost savings. Customers can access a bicycle whenever they need it, without the hassle of owning and maintaining a bicycle themselves. Additionally, subscription services can provide access to a wider range of bicycle models and types than an individual could afford to purchase outright.

Some of the key players in the bicycle subscription market include companies like Mobike, Lime, Jump, and Ofo, which offer bike-sharing services in various locations around the world. Other companies like Swapfiets and Hello Vélo offer subscription services that allow customers to rent a bicycle for a longer period of time, typically a year or more.

The bicycle subscription market is expected to continue to grow in the coming years, driven by increasing interest in sustainable transportation options and the convenience of bike-sharing services. However, the market may also face challenges related to infrastructure and regulatory issues, as well as competition from traditional bike rental and ownership models

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At the same time, the study prepares the stakeholders for dealing with the threats and challenges related to the global Bicycle Subscription Market effectively and efficiently. The experience and knowledge of the researchers and analysts have been leveraged in authoring this report so as to offer a detailed report. Authors have meticulously considered the prevailing pandemic, SARS-CoV-2 induced Covid-19, and have taken the implications of the outbreak into consideration to arrive at the estimations and conclusions. Analysts at Fact.MR has made a careful analysis of the market in pre- and present Covid-19 times to derive estimations and projections for the Global Bicycle Subscription Market in the post-pandemic era.

Multiple rounds of primary and exhaustive secondary research have been conducted and the data thus gathered have been utilized to analyze by the professionals at Fact.MR to come up with accurate estimations and projections for the Global Bicycle Subscription Market.

In an effort to provide the users of this report with a comprehensive view of the Global Bicycle Subscription Market, experts have included an elaborate discussion on the competitive scenario and product portfolio of each of the key vendors spread across various geographies. The report study also makes inclusion of SWOT analysis and PESTEL analysis of the said industry. The study incorporates a market attractiveness analysis, in which all of the segments have been benchmarked based on their growth rate, market size, and general attractiveness in terms of incremental value growth and investment opportunity.

After going through the study on Global Bicycle Subscription Market, readers will get valuable insight into the following: 

• The challenges, restraints, opportunities, and drivers prevailing in the Global Bicycle Subscription Market
• New as well as promising major avenues of growth in key geographies of the market
• Emerging revenue streams for all the market players in the developing regions
• The competitive landscape with profiles of leading market players
• Technologies and business models with disruptive potential 
• Influence of Covid-19 in the market and how the pandemic is going to shape the contours of the market in the forthcoming years

What are the Various Dynamics of the Bicycle Industry?

• Bicycle demand has increased as a result of post-pandemic structural changes in cycling trends, rising ridership, and expanding penetration.
• Due to a persistent imbalance between supply and demand as well as ambiguous market forces, the world bicycle boom will continue.
• When demand is at its peak and key players’ inventories are low, they are forced to operate at full capacity, which causes fluctuations throughout the supply chain.
• Southeast Asia produced a lot of bikes in 2021, which gave India a lot of opportunity.

Request for Sample detailed and COVID-19 impact analysis on this market: 

Corporations are facing a growing litany of business-critical concerns associated with the coronavirus outbreak, comprising further drop in consumer spending, the looming risk of recession, and disruptions in the supply chain. Nevertheless, it is expected that each of these scenarios will play out differently in different industries and geographies of the world, which makes timely and accurate market research more crucial than ever before. As the pandemic situation goes on evolving, Fact.MR offers up-to-date market intelligence on the prevailing global pandemic, Covid-19, so as to assist business players to make an assessment of the economic impact that Covid-19 is likely to leave. This will assist in the making of effective and efficient management of uncertainties and risk and subsequent contingency plans for the global Bicycle Subscription Market.

Analysts have conducted several rounds of researches, both primary and secondary, to collect data and information, which are examined by the business intelligence experts at Fact.MR to come up with accurate estimations and projections for the global Bicycle Subscription Market.

How are Prominent Market Front Runners Making it Big?

Prominent companies operating in this market include

• Bike Club
• BiXi
• Brompton Subscription
• Buzzbike
• Cowboy
• Dance
• Dash
• GetHenry
• Hurrecane
• MOBY BIKES LTD.
• MyByk
• Revel
• Swapfiets
• Yulu
• Zoomo

Market Development Scenario: Are Investments the Driving Force?

investments are certainly a driving force behind the development of the bicycle subscription market. In recent years, there has been a significant amount of investment in bike-sharing and bike-rental companies, which has helped to fund the development of new technologies, expansion into new markets, and the acquisition of competitors.

For example, in 2018, bike-sharing company Mobike was acquired by Meituan-Dianping, a major Chinese e-commerce platform, for $2.7 billion. This acquisition helped to fund the expansion of Mobike’s services into new markets around the world.

Similarly, Lime, a bike and scooter-sharing company, has raised over $1.5 billion in funding since its founding in 2017. This funding has helped Lime to expand its services into new markets and to develop new technologies, such as its “smart bikes” which can be locked and unlocked using a smartphone app.

However, while investment is certainly important to the development of the bicycle subscription market, it is not the only driving force. Other factors, such as changing consumer preferences, the need for sustainable transportation options, and advances in technology, are also driving the growth of the market.

As more people become interested in sustainable transportation options and seek to reduce their carbon footprint, bike-sharing and bike-rental services are becoming an increasingly attractive option. Additionally, advances in technology, such as GPS tracking and smartphone apps, are making it easier for customers to access and use these services, which in turn is driving the growth of the market