How Has Bike Sharing Given a Better Alternative to Travelling Around a City with Higher Health Benefits?
With the rising urbanization and increasing adoption of four-wheelers all across the globe, road congestion is becoming an emerging concern. Heavy traffic is resulting in air pollution, creating safety risks, causing problems in terms of smooth accessibility, and also causing energy expenditure. For these rising issues, the bike-sharing system is an effective solution for the millennials, as it delivers an environment-friendly mode of transport and is widely used in urban areas for making short trips.
From ancient times, cycling is a sustainable, healthy and low-cost mode of travel that individuals have been using for travelling purposes inside the city. Nowadays, the increasing urbanization, adoption of four-wheelers among millennials, and the rising initiatives for designing energy-saving vehicles are some major reasons escalating the concept of bike-sharing all across the globe. The bike-sharing concepts are widely applicable in urban cities where governments are making provisions to build parking stations for bikes in the city.
Furthermore, the usage of bike-sharing schemes at a greater pace is much beneficial for society and mankind. It helps in reducing the use of harmful vehicle emissions, saving fuel consumption, causing various health benefits to millennials and also helping them to create significant financial savings. Many governments are showing their interest in adopting biking sharing schemes across the city to promote cycling as a normal and safe mode of transport. Let’s now move towards the advantages of bike-sharing and its importance for the future generation.
Advantages of Bike Sharing
The concept of bike-sharing is mainly implemented for providing individuals with an easy, pollution-free and convenient mode of transport across the city. Following are some key advantages of bike-sharing:
- Eliminates the Need for Personal Bike Ownership- The bike-sharing system enables people to opt for an instant mode of transport across the city without worrying to spend money on having their personal bikes. This provision helps many individuals especially youngsters to freely access the bikes around the city for their personal use or to enjoy the ride of the city with their friends.
- Quite Cheaper than a Car Rental- The bike-sharing scheme is more affordable than that renting a car. Any individual can instantly opt for the bikes anytime they are in need. This is why bikes sharing provide a lower transit cost and save excessive spending money.
- No Emotional Attachments with the Bikes while Sharing- This concept of bike sharing is a better solution to ride the bikes of others without having an attached feeling of sharing a personal bike. This scheme helps in saving the time for availing buses and trains or any other public transport. One can easily grab a bike from one station to another without waiting for any time-bound vehicles.
- Quite Healthier than Riding a Car- While it is a matter of an occasional trip or a primary mode of transportation, riding a bike is much healthier than driving a car. Cycling helps in building muscles, burning calories, and many more. Cycling is considered the best physical exercise that delivers numerous health benefits.
- Providing Great Options for Occasional Bikers- Bike sharing provides a broad option for those who are looking to enjoy the bike ride, once in a while around their own city in the morning or in the evening. Some people admire riding bikes in the memory of their childhood.
- Good Options for Visitors to Move Around- Nowadays, many urban cities are using bike-sharing systems to make tourists endeavor various locations in the town. Bike-sharing also delivers low parking charges than that of a four-wheeler and also consumes less time in covering the distance from one location to other by walk.
Future Insights of Bike Sharing Market
With the increasing emphasis on energy-efficient and environmentally friendly travelling mostly within a city, the global bike-sharing market is expected to witness significant growth in the near future. The market is expected to generate a revenue of $2,969.0 million and grow at a CAGR of 7.9% over the analysis period from 2021-2028. Furthermore, the increasing government initiatives worldwide to promote environment-friendly vehicles is predicted to create massive growth opportunities in the forecast period.
Key Take Away Message
With the rising awareness of using bikes as a medium of transport for various health benefits, people are paying more interest to include cycling in their regular routine. This factor is expected to boost the use of bike-sharing systems in the cities of various developed and developing nations in the upcoming days.
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