Chinese Bicycle Sharing Market to Keep on Growing in the Offing, Predicts CRI in Its New Research Report Available at MarketPublishers.com
05 May 2017 • by Natalie Aster
LONDON – Bicycle sharing originated in China in the year 2014, considerably gained traction worldwide in 2015 and boomed in 2016.
Today, some bicycle sharing companies in China focus on cities, while others target particular regions of the country. Competition in the Chinese bicycle sharing market is highly intense, given a surging number of bicycle sharing companies.
As of 2016, the production of bicycles in China reached 60 million in terms of volume. However, it has been dropping over the recent years. Despite this, the swift development of the bicycle sharing industry since H2 2016 will likely result in the emergence of new lucrative opportunities. By late 2016, the supply of sharing bicycle had surpassed 3 million, and is currently rising by 1 million per month. In 2017, the number of bicycle sharing users is anticipated to reach 200,000 per month.
Topical research report “Research Report on China Bicycle Sharing Industry, 2017-2021” drawn up by CRI offers trustworthy information on the ongoing situation in the Chinese market for bicycle sharing. The report covers the development environment in the marketplace, analyses the supply dynamics, includes a detailed analysis of demand drivers in the country. Moreover, the competitive market scenario is observed here with a special focus on the major bicycle sharing companies active in China. Besides, this insightful publication also pays special attention to the market opportunities and challenges during 2017-2021. It traces light on the market dynamics, examining unfavorable factors as well as highlighting growth propellers. Future forecasts for the Chinese bicycle sharing market through 2021 are also available in the report.
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