Austria Bike Sharing Market development, share, size, trends, strategies and forecast 2027
Vienna has a lengthy history of operating a bicycle sharing system (BSS). One of the world's earliest ICT-based urban bicycle sharing systems is Citybike in Vienna. It has been in use since 2013. Users check in and out at fixed stations using a touch panel terminal that accepts debit and credit cards. It is operated by the advertising agency Gewista (a subsidiary of JCDecaux) and is the forerunner of the well-known Vélo'v in Lyon and Vélib' in Paris, both of which use the same concept. Until 2020, Citybike Wien operates 116 stations with 1500 bicycles. Citybike Wien has 513,820 registered users by the end of 2020.
Austria Bike Sharing Market Report Scope and Research Methodology:
This study goes into great detail about demand projections, market trends, and micro and macro variables. The research also discusses the factors that are driving and restraining the Austria Bike Sharing market's growth. The SMR Matrix informs existing and prospective market participants about potential investment opportunities. To provide market insights, the research use analytical approaches such as Porter's five forces analysis and PESTLE of the Austria Bike Sharing Market. Furthermore, the study investigates current market trends as well as estimates for the years 2022-2029. The research also incorporates major impending developments that are predicted to have an impact on demand during the forecast period. The bottom-up approach was used to estimate market size to Austria Bike Sharing Market.
Austria Bike Sharing Market Overview:
The study examines the Austria Bike Sharing Market in depth, with a focus on market dynamics, competitive environment, geographical growth, segment-by-segment analysis, and key growth strategies. The market has been divided into four sections: region, X, X, and X. The report includes a thorough examination of the Austria Bike Sharing Market size and share as well as a wide number of industrial verticals.
Austria Bike Sharing Market size was valued at US$ 73 Million in 2020 and the total Austria Bike Sharing Market revenue is expected to grow at 4.4% through 2021 to 2027, reaching nearly US$ 98.68 Million.
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Austria Bike Sharing Market Dynamics:
Personal customer service, high quality, adaptability to individual needs, attractive cycling infrastructure and routes have been identified as the three most important success factors for sharing a bike from a tourism perspective. Experts interviewed as part of the survey emphasized particularly focused service and customer relationships to be able to offer individually tailored offers. The possibility of one-way rental of cycling from A to B is also becoming more and more important to customers. Many aspects of the systems currently available are highly regarded, but some systems lack accessories and multilingualism. However, the biggest challenge is that the Austrian bicycle-sharing system creates a largely heterogeneous situation for incompatible systems. There is no super-regional concept. In short, the tourism potential of the area remains unused.
Austria Bike Sharing Market Segmentation:
The OBIS manual on bicycle sharing describes the cost of implementing an offer of € 2,500 to € 3,000 per shared bicycle. According to another source, the investment cost to build a new train station in Vienna amounts to about 50,000 to 70,000 euros. Graz, Austria's second largest city, plans to introduce the same BSS as Vienna in 2018, and the city estimates that 30 bike shared stations will cost 50,000-100,000 euros as an initial cost. Information on the operating costs of Citybike Wien is limited, but the cost is estimated at € 25,000 per station. The manual shows a running cost of € 1500-2500 per bike for this model. This BSS model, including the Citybike Wien, is typically funded through advertising on shared bicycles and other public areas.
Vienna has a lengthy history of operating a bicycle sharing system (BSS). One of the world's earliest ICT-based urban bicycle sharing systems is Citybike in Vienna. It has been in use since 2013. Users check in and out at fixed stations using a touch panel terminal that accepts debit and credit cards. It is operated by the advertising agency Gewista (a subsidiary of JCDecaux) and is the forerunner of the well-known Vélo'v in Lyon and Vélib' in Paris, both of which use the same concept. Until 2020, Citybike Wien operates 116 stations with 1500 bicycles. Citybike Wien has 513,820 registered users by the end of 2020.
Austria Bike Sharing Market Key Competitors:
NextBike
CityBike Wien
Call-a-bike (Germany)
oBike (China)
Austria Bike Sharing Market Regional Analysis:
The geographical insights in the papers will keep readers up to date on the Austria Bike Sharing Market on a regional level. Any meaningful assessment of potential policy options in response to Market change requires a thorough understanding of local energy, economic, political, and geographic elements. The research offers readers regional perspectives on Austria Bike Sharing market and local growth possibilities, as well as domestic area restrictions.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Key Questions answered in the Austria Bike Sharing Market Report are:
- What are the current trends that may negatively impact the Austria Bike Sharing market?
- How will the major segments of this international Austria Bike Sharing Will the market develop over the next few years?
- Who are the major players that are expected to dominate the Austria Bike Sharing market in the future?
- What is the growth forecast for Austria Bike Sharing market?
- Which region is expected to hold the largest Austria Bike Sharing market share?
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