South Korea ranks sixth in APAC in bike sharing, with a 28% year-on-year increase, as new bike-sharing technologies emerge in Seoul and other regions. Furthermore, people are choosing a healthy lifestyle over others, which is expected to drive market growth in the region.
South Korea Bike Sharing Market Report Scope and Research Methodology
The report analyses the South Korea Bike Sharing market size, growth, supply, demand, share, innovations, and recent developments, and key stakeholders can use the simple statistics, tables, and figures for strategic planning that leads to the organization's success. The report includes a detailed competitive landscape analysis of the South Korea Bike Sharing market, as well as Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales. The value of the and regional South Korea Bike Sharing markets was estimated using the bottom-up approach. The information gathered using both methods The primary and secondary research methodologies were combined to create an authentic and error-free market report. In order to obtain an accurate South Korea Bike Sharing market size, the analyst obtained these figures from South Korea Bike Sharing industry experts and company representatives and externally validated them by analysing historical data of these product types and applications. SWOT analysis and Porter's Five Force Analysis are used to define, characterise, and analyse the South Korea Bike Sharing market competition landscape, with a focus on key players.
South Korea Bike Sharing Market Overview:
Stellar Market Research offers a summary of the South Korea Bike Sharing Market as well as the most recent market snapshots. This aids comprehension of its features by providing an overview of the South Korea Bike Sharing market that highlights common topics. This overview helps clients understand the situation in the South Korea Bike Sharing industry.
South Korea Bike Sharing Market size was valued at US$ 2.83 Million in 2020 and the total South Korea Bike Sharing Market revenue is expected to grow at 4% through 2021 to 2027, reaching nearly US$ 3.72 Million.
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South Korea Bike Sharing Market Regional Insights:
The report assists clients in understanding the South Korea Bike Sharing market structure by providing detailed information on key players in each key country. It is a clear representation of local energy, economic, political, and geographic variables that is required for any meaningful evaluation of potential policy options in response to the development of each region's South Korea Bike Sharing market. North America, Asia Pacific, Europe, South America, the Middle East, and Africa are all covered in the report.
South Korea Bike Sharing Market Dynamics:
The city of Seoul has introduced a new service for users of the Ttareungyi public bicycle sharing service, in addition to a series of safety and maintenance measures. During the coronavirus pandemic, app-based bicycle-sharing services in the city have become a popular personal mode of transportation as people avoid crowded public transportation such as trains and buses. In 2020, the number of Ttareungyi users increased by 24% year on year to 2.78 million. The city government stated that the new measures are intended to prevent potential breakdowns and accidents, as the number of bicycle rentals has also increased by 14% year on year to 23.7 million.
South Korea Bike Sharing Market Segmentation:
South Korea's ride-hailing company reported a surge in business as bicycle sharing grows in popularity as a green mode of transportation amid growing concerns about air pollution. Automobile exhaust is regarded as one of the major sources of air pollution in South Korea. If the city government declares an emergency to reduce particulate matter levels, some polluting vehicles may be prohibited from driving in Seoul. The two companies also emphasise that the service is far more user-friendly than the municipality's service, as users do not need to look for a parking space after renting a bicycle. Cocoa users, for example, can use the cocoa T app to locate their bike before using it.
South Korea Bike Sharing Market Key Players:
Ddareungi (Seoul)
PUMP (Daegu City)
Kakao (Gwangju)
Socar (Seoul)
Key questions answered in the South Korea Bike Sharing Market are:
- What is South Korea Bike Sharing Market?
- What are the South Korea Bike Sharing Market segments?
- Which South Korea Bike Sharing market segment is expected to grow at a high rate during the forecast period?
- Who are the top players in the South Korea Bike Sharing market industry?
- What is the expected South Korea Bike Sharing Market size by 2029?
- What was the South Korea Bike Sharing Market size in 2021?
- Which region is expected to grow at a high CAGR?
- Who held the largest market share in South Korea Bike Sharing Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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