Report Scope & Overview:
Bike Sharing Market Size was valued at USD 3.9 billion in 2021 and is expected to reach USD 8.79 billion by 2028 and grow at a CAGR of 12.2% over the forecast period 2022-2028.
Bike-sharing is a form of shared transportation in which individuals can borrow conventional or electric bikes for a fee or for free for a certain period of time. Users can borrow bicycles from several docked or dock-less stations throughout the city and return them to the same system. While docked bike share does not require a docking station, bikes can be parked within a marked bike rack or down the sidewalk. Both inhabitants and tourists can use bike-sharing to get to cities in a convenient, low-cost, and effective manner.
Bike-sharing is a unique urban transportation option that combines the convenience and usefulness of a commuter with the accessibility of public transportation. Bike share is built on a self-service bike station infrastructure that can attract more people to cycling as a mode of transportation by providing pleasant, clean, and reliable bikes and promoting new demographics.
Mobycy, a bike-sharing startup, debuted its Zipp e-scooter service in November 2020. Smart unlocking is enabled through the internet of things (IoT) devices installed on the scooters.
Rising traffic congestion as a result of increased car use.
Advancements in ride-sharing navigation technology.
An increase in venture capital funding.
Market growth is expected to be fueled by an increase in the use of e-bikes in the sharing fleet.
Early investment expenses are substantial.
Frequent maintenance is required.
Bike-sharing systems have progressed technologically.
An increase in government initiatives for the development of bike-sharing infrastructure.
To keep up with the increased competition, companies have begun to focus on extending their fleets of e-bikes.
The creation of bike stations comes at a high expense.
Concerns about the environment and health are growing all across the world.
The growth is projected to become challenged by an increase in bike vandalism and theft.
IMPACT OF COVID-19:
The Covid-19 health issue has had a severe influence on shared mobility, specifically the use of shared bikes. However, in countries all over the world, stay-at-home orders and limited business activities have resulted in a drop in demand for bike-sharing programs. Although COVID-19 can spread from person to person, public transportation tends to congregate a large number of people in one shared place, implying that people's attitudes and behaviors about public transportation are likely to alter. In the wake of the COVID-19 outbreak, many people are opting for isolated modes of mobility like driving or biking over public transportation or ride-sharing. Many individuals congregate in one shared place on public transportation, which aids in the spread of the coronavirus disease. Due to health and safety concerns during the outbreak, many are opting for bike-sharing programs to cover medium to short distances.
KEY MARKET PLAYERS:
Bluegogo (China), Neutron Holding, Inc (US), Dropbike (Canada), JCDecaux (France), Motivate (US), Jump Bikes (US), OFO (China), Anywheel Pte. Ltd, Uber Technologies Inc, Bird Rides, Inc, BIXI Montreal, Beijing Xiaoju Technology Co, Ltd., Bond Mobility (Europe) AG, Lime, LYft, Inc., Mobike, Mobycy, Nextbike GmbH, SG Bike Pte Ltd, Spin, Tembici. and Youon Technology Co., Ltd. are some of the major players in the Bike Sharing Market.
Market, By Bike Type:
The market is divided into two categories based on the kind of bike type: Traditional Bike, and e-bikes. E-bikes are quickly gaining popularity as a viable means of mobility. E-bikes are both environmentally friendly and dependable. They're also an excellent means of transportation, especially for recreational activities, because they mix the fun of riding with the convenience of a car. Furthermore, they give customers the ability to traverse uneven terrains that would be difficult to ride without an electric motor, making e-bikes popular all over the world.
Market, By Sharing System:
The market is divided into sharing systems, which are further divided into docked, and dock-less. In the bike-sharing market, the dock-less category held the majority of the market share. It was mostly due to an increase in the number of businesses adopting the dock-less bike-sharing model, which requires less capital and investment than a station-based system. Furthermore, people prefer dock-less bike-sharing to station-based bike-sharing because of its cost-effectiveness and handy features, such as greater parking flexibility.
By Bike Type:
By Sharing System:
North America, Europe, Asia Pacific, and the Rest of the World are the four regions that make up the global bike-sharing market. Over the historical era, APAC was the largest market for bike-sharing, and this trend is likely to continue during the forecast decade. The Asia-Pacific region is expected to dominate the market in the future years, owing to increased vehicle manufacturing and the presence of major companies in the region. Furthermore, in the North American and European markets, per capita, disposable income, and spending capacity are rising.
The large fleet sizes of the many firms offering bike-sharing systems in the region, particularly in China, are to blame. Furthermore, Chinese bike-sharing companies have garnered significant funding in recent years. The fast expansion of bike fleets across the area, along with the amount of money available, has made APAC the world's most important bike-sharing market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 3.9 Billion|
|Market Size by 2028||US$ 8.79 Billion|
|CAGR||CAGR of 12.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Bike Type (E-Bike, Traditional Bike)
• by Sharing System (Docked, Dock-less)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Bluegogo (China), Neutron Holding, Inc (US), Dropbike (Canada), JCDecaux (France), Motivate (US), Jump Bikes (US), OFO (China), Anywheel Pte. Ltd, Uber Technologies Inc, Bird Rides, Inc, BIXI Montreal, Beijing Xiaoju Technology Co, Ltd., Bond Mobility (Europe) AG, Lime, LYft, Inc., Mobike, Mobycy, Nextbike GmbH, SG Bike Pte Ltd, Spin, Tembici. and Youon Technology Co., Ltd.|
|Key Drivers||•Rising traffic congestion as a result of increased car use.
•Advancements in ride-sharing navigation technology.
|RESTRAINTS||•Early investment expenses are substantial.
•Frequent maintenance is required.
Frequently Asked Questions (FAQ) :
Ans:- The market size is expected to reach USD 8.79 billion by 2028.
Ans:- Bike-sharing is a form of shared transportation in which individuals can borrow conventional or electric bikes for a fee or for free for a certain period of time.
Ans:- The e-bike sector is predicted to grow in popularity and market share in the worldwide bike-sharing market.
Ans:- Asia pacific region is anticipated to be the primary driver of the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Bike Sharing Market Segmentation, By Bike Type
8.1 Traditional Bike
9. Global Bike Sharing Market Segmentation, By Sharing System
10. Regional Analysis
10.2 North America
10.2.1 the USA
10.3.2 the UK
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Jump Bikes (US),
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Anywheel Pte. Ltd
11.3 Uber Technologies Inc
11.4 Bird Rides, Inc
11.5 BIXI Montreal
11.6 Beijing Xiaoju Technology Co, Ltd.
11.7 Bond Mobility (Europe) AG
11.9 LYft, Inc.
11.12 Nextbike GmbH
11.13 SG Bike Pte Ltd
11.16 Youon Technology Co., Ltd.
11.17 Bluegogo (China)
11.18 Neutron Holding, Inc (US)
11.19 Dropbike (Canada)
11.20 Motivate (US)
11.21 OFO (China)
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
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