Japan bike sharing service market grew at a CAGR of around 17% during 2014-2019. A bike sharing service refers to the practice of lending bikes on rent to individuals for commutation. It is one of the most popular modes of daily commutation in Japan and has emerged as a defining aspect of the country’s transportation sector.
The market for the bike sharing service in Japan is primarily driven by the country’s thriving transportation industry. Bicycles, or bikes, are extensively utilized by the majority of the population in the country for traveling, especially in their daily commutation. Furthermore, owing to increasing environmental consciousness, there is a rising inclination towards the usage of bicycles, which serve as an eco-friendly alternative to other modes of transportation, such as private cars or public buses. Additionally, people are opting for a healthy lifestyle, which quintessentially includes physical exercise. Since cycling is considered one of the best physical activities to maintain sound health, individuals are incorporating it as a part of their daily life activities. Consequently, they are using bikes to travel to their workplace or for short trips to nearby places. Moreover, it is the most preferred medium of transportation by tourists as it is pocket-friendly, convenient to use, and creates less pollution and on-road traffic. Looking forward, the Japan bike sharing service market is expected to continue its double-digit growth rates in the next five years.
Market Breakup by Business Model
Market Breakup by Bike Type
Market Breakup by User Age Group
Market Breakup by Region
The competitive landscape of the industry has also been examined with some of the key players being Docomo Bikeshare Inc., Mercari, Mobike, Ocean Blue Smart, Ofo, and Openstreet.
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