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Key regions: South America, Malaysia, India, Indonesia, Saudi Arabia
Bike-sharing has become an increasingly popular mode of transportation in Southern Europe in recent years. This trend can be attributed to several factors, including customer preferences, local special circumstances, and underlying macroeconomic factors.
Customer preferences: One of the main reasons for the growth of the Bike-sharing market in Southern Europe is the changing preferences of customers. In today's fast-paced world, people are looking for convenient and environmentally-friendly transportation options. Bike-sharing provides a solution to both of these needs. Customers appreciate the flexibility and ease of use that bike-sharing offers, allowing them to quickly and conveniently travel short distances without the hassle of parking or traffic congestion.
Trends in the market: The Bike-sharing market in Southern Europe is experiencing several key trends. Firstly, there has been a significant increase in the number of bike-sharing companies operating in the region. This competition has led to improvements in the quality and availability of bikes, as well as more affordable pricing options for customers. Additionally, bike-sharing services are expanding beyond major cities and into smaller towns and rural areas, catering to a wider range of customers. Another trend in the market is the integration of bike-sharing with other modes of transportation. Many bike-sharing companies have partnered with public transportation systems, allowing customers to easily combine biking with bus or train travel. This integration has made bike-sharing even more convenient and accessible to a larger number of people.
Local special circumstances: The unique characteristics of Southern European cities and towns have also contributed to the growth of the Bike-sharing market. Many cities in the region have narrow streets and limited parking options, making traditional car ownership less practical. Additionally, Southern Europe is known for its pleasant climate, with mild winters and long, sunny summers. This weather is ideal for outdoor activities like biking, making bike-sharing a popular choice for residents and tourists alike.
Underlying macroeconomic factors: The Bike-sharing market in Southern Europe is also influenced by underlying macroeconomic factors. The region has seen a steady increase in urbanization, with more people moving to cities for work and leisure. This urbanization trend has led to increased demand for alternative transportation options, as well as a greater focus on sustainability and reducing carbon emissions. Furthermore, Southern Europe has experienced economic growth in recent years, with rising disposable incomes and increased tourism. This economic prosperity has allowed more people to afford bike-sharing services and has created a larger customer base for bike-sharing companies. In conclusion, the Bike-sharing market in Southern Europe is developing rapidly due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. As more people seek convenient and environmentally-friendly transportation options, bike-sharing has emerged as a popular choice. With the expansion of bike-sharing services, integration with other modes of transportation, and favorable local conditions, the market is expected to continue its growth trajectory in the coming years.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bike-sharing services.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)