According to P&S Intelligence, the Indian two-wheeler-sharing market is experiencing growth. The southern region has led the Indian two-wheeler sharing market in the past few years, and the industry in this region is projected to experience a CAGR of 16.0% In the coming few years.
The mainstream of two-wheeler sharing businesses are existing in metropolises of the Southern region including Hyderabad, Chennai, and Bengaluru. It is also witnessed that new two-wheeler sharing businesses usually have started their processes from this region.
The main trend witnessed in the Indian two-wheeler-sharing industry is the growing count of partnerships between two-wheeler-sharing service providers to contend with other companies in the industry. For example, in May 2019, one of the main sharing service providers, Uber Technologies Inc. (Uber) in India joined with Yulu Bikes Pvt. Ltd. (Yulu) in order to offer bicycle-sharing services to its clientele.
On the basis of vehicle type, the motorcycle/scooter category led the Indian two-wheeler sharing industry in the past few years, and it is projected to be in the leading spot in the future as well.
This can be credited to the substantial development in the bike taxi, sharing, and rental category, as it is playing a vital role in resolving the issue of first- and last-mile connectivity matters of individuals in the nation.
The southern region of the country was the largest industry for two-wheeler sharing services in the recent years and is projected to follow the same path in the coming few years.
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This can be ascribed to the fact that the majority of the two-wheeler sharing businesses are existing in metropolises, like Hyderabad, Chennai, and Bengaluru, and the most of new start-ups are happening and scaled up their processes from this region.
In the coming few years, the two-wheeler sharing market in the eastern region of India is projected to experience the fastest development, largely because of the fact that two-wheeler sharing businesses are now discovering cities in the eastern region and have made strategies to cover the unused potential in cities of West Bengal and Assam in the near future.
In the past few years, most companies functioning in the Indian two-wheeler sharing industry have taken solid calculated actions in order to be competitive in the industry, like partnerships, fortifying funds from several investors and huge shared mobility providers, and new service area growths.
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