The bike sharing market size has grown strongly in recent years. It will grow from $3.82 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historical period can be ascribed to factors such as urbanization and population density, increased environmental awareness, government initiatives and policies, ongoing infrastructure development, and prevailing health and wellness
The bike sharing market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be linked to the integration of electric bikes, the implementation of micro-mobility solutions, utilization of data analytics for optimization, incorporation into smart city initiatives, and the adoption of subscription models and loyalty programs. Noteworthy trends expected in the forecast period encompass technological advancements, collaborative efforts with public transport, the emergence of autonomous bike technologies, a focus on customization and personalization, and the development of climate-responsive infrastructure.
The anticipated increase in demand for e-bikes is set to drive the growth of the bike-sharing market in the future. Electric bikes, equipped with integrated electric motor and battery systems, significantly contribute to bike-sharing programs by enhancing system accessibility, improving climbing capabilities, and elevating the overall user experience. As an illustration, in August 2022, data from the Bureau of Transportation Statistics (BTS), a U.S. federal agency, revealed an increase in the number of available e-scooter systems to 300 in 2022, up from 281 in 2021. Furthermore, the count of cities with e-scooter systems rose to 158 in 2022, compared to 136 in 2021. Hence, the surge in e-bike demand is a driving force behind the expected growth of the bike-sharing market.
The expected rise in fuel prices is poised to contribute to the growth of the bike-sharing market in the future. Fuel prices, encompassing various types such as gasoline and diesel, denote the expenses consumers incur to fill their vehicles or equipment. The escalating fuel prices are fostering increased interest in bike sharing as a practical and cost-effective alternative for short-distance commuting, aligning with sustainability goals. For instance, as of January 2023, the Bureau of Labor Statistics, a U.S.-based government agency, reported a 19.4 percent increase in fuel prices from December 2021 to December 2022. Additionally, in September 2022, the Office for National Statistics, a UK-based government department, disclosed a 48% rise in automotive fuel prices in 2022 compared to 2021. Consequently, the upward trend in fuel prices is a catalyst for the growth of the bike-sharing market.
The adoption of technological advancements stands out as a prominent trend in the bike-sharing market. Leading companies in the bike-sharing sector are embracing innovative technologies to maintain their market positions. For instance, in June 2021, Bird Global Inc., a U.S.-based provider of environmentally friendly electric transportation, unveiled the Bird Bike as a new addition to its shared micro-electric vehicle fleet. Engineered for safety and durability, the Bird Bike is a smart, connected vehicle that seamlessly integrates with existing transportation networks in urban areas. It features a potent electric motor for assistance on inclines, a robust frame with a step-through design to enhance safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. Additionally, the bike incorporates IoT features such as self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of varying sizes.
Major companies in the bike-sharing market are concentrating on introducing advanced solutions, including electric bicycle variants, to gain a competitive advantage. Electric bicycle variants encompass various types and styles of electric bikes designed for recreational riding on flat terrain, such as bike paths and paved roads. For example, in March 2023, MYBYK, an Indian-based company providing bicycle sharing and rental services, launched MYBYK Electric and MYBYK Electric Cargo. MYBYK Electric is equipped with Bluetooth, keyless cycle unlocking, and keyless battery unlocking. On the other hand, MYBYK Electric Cargo is tailored for last-mile delivery for gig workers, featuring a swappable battery with a capacity of 0.54 kWh (kilowatt-hour) and a range of 80–100 kilometers.
In May 2022, Lyft Inc., a U.S.-based transportation network company, completed the acquisition of PBSC Urban Solutions for $160 million. This strategic move by Lyft Inc. aims to bolster its research and development initiatives, enhance supply chain leverage, and diversify its market position to capitalize on the growing demand for innovative mobility solutions. PBSC Urban Solutions, headquartered in Canada, specializes in providing bike-sharing systems and solutions.
Major companies operating in the bike sharing market report are Uber Technologies Inc., Deutsche Bahn AG, Meituan Inc., DiDi Bike, Lyft Inc., JCDecaux Group, Hello Inc., Neutron Holdings Inc., TIER Mobility SE, Bird Rides Inc., Youon Technology Co. Ltd., Tembici, Yulu Bikes Pvt. Ltd., CycleHop LLC, Bond Mobility AG, Blue Bikes, Nextbike GmbH, BIXI Montreal, Swiftmile Inc., Zagster, Donkey Republic, PBSC Urban Solutions, Urbo Solutions, Ofo, Divvy Bikes, Flick.Tech Ltd., SG Bike Pte Ltd, Anywheel Pte Ltd., Beijing Xiaoju Technology Co. Ltd., Santander Cycles.
Asia-Pacific was the largest region in the bike sharing market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bike sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bike sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary bike types within bike sharing encompass e-bikes and conventional bikes. E-bikes, featuring an electric motor to assist the rider's pedaling effort, are integrated into bike sharing fleets to enhance and streamline the riding experience for users. These bikes are utilized in both docked and dockless sharing formats for varying durations, including short-term and long-term periods, across free-floating, peer-to-peer (P2P), and station-based model types.
The bike sharing research report is one of a series of new reports that provides bike sharing market statistics, including the bike sharing industry's global market size, regional shares, competitors with a bike sharing market share, detailed bike sharing market segments, market trends and opportunities, and any further data you may need to thrive in the bike sharing industry. This bike sharing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bike sharing market consists of revenues earned by entities by providing smart bike sharing, and community bike sharing. The market value includes the value of related goods sold by the service provider or included within the service offering. The bike sharing market also includes sales of bicycles, payment systems, and docking Stations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The bike sharing market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be linked to the integration of electric bikes, the implementation of micro-mobility solutions, utilization of data analytics for optimization, incorporation into smart city initiatives, and the adoption of subscription models and loyalty programs. Noteworthy trends expected in the forecast period encompass technological advancements, collaborative efforts with public transport, the emergence of autonomous bike technologies, a focus on customization and personalization, and the development of climate-responsive infrastructure.
The anticipated increase in demand for e-bikes is set to drive the growth of the bike-sharing market in the future. Electric bikes, equipped with integrated electric motor and battery systems, significantly contribute to bike-sharing programs by enhancing system accessibility, improving climbing capabilities, and elevating the overall user experience. As an illustration, in August 2022, data from the Bureau of Transportation Statistics (BTS), a U.S. federal agency, revealed an increase in the number of available e-scooter systems to 300 in 2022, up from 281 in 2021. Furthermore, the count of cities with e-scooter systems rose to 158 in 2022, compared to 136 in 2021. Hence, the surge in e-bike demand is a driving force behind the expected growth of the bike-sharing market.
The expected rise in fuel prices is poised to contribute to the growth of the bike-sharing market in the future. Fuel prices, encompassing various types such as gasoline and diesel, denote the expenses consumers incur to fill their vehicles or equipment. The escalating fuel prices are fostering increased interest in bike sharing as a practical and cost-effective alternative for short-distance commuting, aligning with sustainability goals. For instance, as of January 2023, the Bureau of Labor Statistics, a U.S.-based government agency, reported a 19.4 percent increase in fuel prices from December 2021 to December 2022. Additionally, in September 2022, the Office for National Statistics, a UK-based government department, disclosed a 48% rise in automotive fuel prices in 2022 compared to 2021. Consequently, the upward trend in fuel prices is a catalyst for the growth of the bike-sharing market.
The adoption of technological advancements stands out as a prominent trend in the bike-sharing market. Leading companies in the bike-sharing sector are embracing innovative technologies to maintain their market positions. For instance, in June 2021, Bird Global Inc., a U.S.-based provider of environmentally friendly electric transportation, unveiled the Bird Bike as a new addition to its shared micro-electric vehicle fleet. Engineered for safety and durability, the Bird Bike is a smart, connected vehicle that seamlessly integrates with existing transportation networks in urban areas. It features a potent electric motor for assistance on inclines, a robust frame with a step-through design to enhance safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. Additionally, the bike incorporates IoT features such as self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of varying sizes.
Major companies in the bike-sharing market are concentrating on introducing advanced solutions, including electric bicycle variants, to gain a competitive advantage. Electric bicycle variants encompass various types and styles of electric bikes designed for recreational riding on flat terrain, such as bike paths and paved roads. For example, in March 2023, MYBYK, an Indian-based company providing bicycle sharing and rental services, launched MYBYK Electric and MYBYK Electric Cargo. MYBYK Electric is equipped with Bluetooth, keyless cycle unlocking, and keyless battery unlocking. On the other hand, MYBYK Electric Cargo is tailored for last-mile delivery for gig workers, featuring a swappable battery with a capacity of 0.54 kWh (kilowatt-hour) and a range of 80–100 kilometers.
In May 2022, Lyft Inc., a U.S.-based transportation network company, completed the acquisition of PBSC Urban Solutions for $160 million. This strategic move by Lyft Inc. aims to bolster its research and development initiatives, enhance supply chain leverage, and diversify its market position to capitalize on the growing demand for innovative mobility solutions. PBSC Urban Solutions, headquartered in Canada, specializes in providing bike-sharing systems and solutions.
Major companies operating in the bike sharing market report are Uber Technologies Inc., Deutsche Bahn AG, Meituan Inc., DiDi Bike, Lyft Inc., JCDecaux Group, Hello Inc., Neutron Holdings Inc., TIER Mobility SE, Bird Rides Inc., Youon Technology Co. Ltd., Tembici, Yulu Bikes Pvt. Ltd., CycleHop LLC, Bond Mobility AG, Blue Bikes, Nextbike GmbH, BIXI Montreal, Swiftmile Inc., Zagster, Donkey Republic, PBSC Urban Solutions, Urbo Solutions, Ofo, Divvy Bikes, Flick.Tech Ltd., SG Bike Pte Ltd, Anywheel Pte Ltd., Beijing Xiaoju Technology Co. Ltd., Santander Cycles.
Asia-Pacific was the largest region in the bike sharing market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bike sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bike sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary bike types within bike sharing encompass e-bikes and conventional bikes. E-bikes, featuring an electric motor to assist the rider's pedaling effort, are integrated into bike sharing fleets to enhance and streamline the riding experience for users. These bikes are utilized in both docked and dockless sharing formats for varying durations, including short-term and long-term periods, across free-floating, peer-to-peer (P2P), and station-based model types.
The bike sharing research report is one of a series of new reports that provides bike sharing market statistics, including the bike sharing industry's global market size, regional shares, competitors with a bike sharing market share, detailed bike sharing market segments, market trends and opportunities, and any further data you may need to thrive in the bike sharing industry. This bike sharing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bike sharing market consists of revenues earned by entities by providing smart bike sharing, and community bike sharing. The market value includes the value of related goods sold by the service provider or included within the service offering. The bike sharing market also includes sales of bicycles, payment systems, and docking Stations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Bike Sharing Market Characteristics3. Bike Sharing Market Trends and Strategies32. Global Bike Sharing Market Competitive Benchmarking33. Global Bike Sharing Market Competitive Dashboard34. Key Mergers and Acquisitions in the Bike Sharing Market
4. Bike Sharing Market - Macro Economic Scenario
5. Global Bike Sharing Market Size and Growth
6. Bike Sharing Market Segmentation
7. Bike Sharing Market Regional and Country Analysis
8. Asia-Pacific Bike Sharing Market
9. China Bike Sharing Market
10. India Bike Sharing Market
11. Japan Bike Sharing Market
12. Australia Bike Sharing Market
13. Indonesia Bike Sharing Market
14. South Korea Bike Sharing Market
15. Western Europe Bike Sharing Market
16. UK Bike Sharing Market
17. Germany Bike Sharing Market
18. France Bike Sharing Market
19. Italy Bike Sharing Market
20. Spain Bike Sharing Market
21. Eastern Europe Bike Sharing Market
22. Russia Bike Sharing Market
23. North America Bike Sharing Market
24. USA Bike Sharing Market
25. Canada Bike Sharing Market
26. South America Bike Sharing Market
27. Brazil Bike Sharing Market
28. Middle East Bike Sharing Market
29. Africa Bike Sharing Market
30. Bike Sharing Market Competitive Landscape and Company Profiles
31. Bike Sharing Market Other Major and Innovative Companies
35. Bike Sharing Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Bike Sharing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on bike sharing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for bike sharing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Bike Type: E-Bike; Conventional Bikes
2) By Sharing: Docked; Dock Less
3) By Duration: Short Term; Long Term
4) By Model Type: Free-Floating; Peer-To-Peer (P2P); Station Based
Key Companies Mentioned: Uber Technologies Inc.; Deutsche Bahn AG; Meituan Inc.; DiDi Bike; Lyft Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Uber Technologies Inc.
- Deutsche Bahn AG
- Meituan Inc.
- DiDi Bike
- Lyft Inc.
- JCDecaux Group
- Hello Inc.
- Neutron Holdings Inc.
- TIER Mobility SE
- Bird Rides Inc.
- Youon Technology Co. Ltd.
- Tembici
- Yulu Bikes Pvt. Ltd.
- CycleHop LLC
- Bond Mobility AG
- Blue Bikes
- Nextbike GmbH
- BIXI Montreal
- Swiftmile Inc.
- Zagster
- Donkey Republic
- PBSC Urban Solutions
- Urbo Solutions
- Ofo
- Divvy Bikes
- Flick.Tech Ltd.
- SG Bike Pte Ltd
- Anywheel Pte Ltd.
- Beijing Xiaoju Technology Co. Ltd.
- Santander Cycles.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 4.09 Billion |
| Forecasted Market Value ( USD | $ 5.2 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
