How About the Power Bank Sharing Market Research ?

 How About the Power Bank Sharing Market Research ? 

The sharing power bank rental business is started from China in 2017, first only few companies launch the power bank station to the shop , surpermarket , cafe , bar to test the market , at that beginning  , many people know ebike , and few people to rent the power bank  , that is a new sharing business model , after advertising in the CCTV in all China market , let the yung people know the sharing power bank also asthe same as the ebike  , they can help user to rental a power bank easily only pay small money , then can rent a power bank to charge his phone  , that is a cheap business model for the life . later more and more users to rent a power bank to charge his phone  , only pay 1 RMB . WOW , that is a connvinent lifetype  , then the power bank sharing business go faster and faster  , many company start to do this business .  

 Power bank sharing business model made more progress  in China, but the business model was quickly adopted in the US, Canada, Singapore, and many European countries.

Power bank sharing is just part of a large sharing market: people are sharing cars, scooters, furniture, clothes, and apartments. According to , the sharing business global sharing market will reach $500 billion by 2025.

In China, there were 350 million users of power bank sharing services in 2020. Despite the COVID-19 hit, the market is still expected to grow 30% to 50% in the next few years.

Power bank sharing has become popular for several reasons:

· It’s relatively easy to build and launch a power bank sharing business.

· There’s high demand for power bank sharing in large cities and especially in tourist destinations.

· Power bank sharing business owners don’t need to get permission from city governments as they do for car or scooter sharing.

· Power bank sharing services are cheap and beneficial for customers.

· Mobile apps make the process or renting a power bank automated and convenient.

· The market is far from saturated, and power bank sharing is a great opportunity right now.

Let’s discuss what you need as an aspiring entrepreneur to launch your own power bank sharing startup. Let’s start with the customer journey and the business model and algorithm for a power bank sharing business.

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