Bicycle Market Share

Asia Pacific Market Forecast

The market in Asia Pacific region, amongst all other markets, is projected to hold the largest market share by the end of 2037, backed by the presence of a strong resilient infrastructure in the region, growing number of bicycles, as well as the rising use of dockless bike-share systems amongst the cycling community. For instance, China played an important role in bringing about the global boom in dockless sharing systems over the past 5 years. With an average of 47 million trips each day, over 360 Chinese cities now have dockless bike-sharing systems. Moreover, rising awareness regarding the environment and the benefits of exercising daily is also helping the growth of the market in the region. In India and China, especially, the culture of riding bicycles is seeing a revival as people become more health and environment – conscious.