PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463808
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463808
Bike Sharing Market Size and Share Analysis by Type (Traditional Bikes, E-Bikes), Sharing System (Docked, Dockless) - Global Industry Demand Forecast to 2030
Market Overview
In 2023, the bike-sharing market reached a value of USD 7,390.2 million and is anticipated to achieve a CAGR of 10.6% from 2024 to 2030. This growth is expected to lead the market to a value of USD 14,915.0 million by 2030. This growth of the market can be credited to the increasing count of service providers, growth in technologies, and the growing need for bike-sharing services.
Additionally, the growing number of MaaS providers and bike-sharing companies' alliances fuels market growth too. As a result of these partnerships, a lot of companies are witnessing increasing ridership and revenue, in most cases, the two help in speed and comfort improvement over short distances. For example, TVS Motor Company has acquired a 75 % stake in SEMG (Swiss E-Mobility Group), thus it will buy the other 25 % later in the coming year.
Technological innovation has flourished the bike-sharing experience through the introduction of GPS, smartphones, AI, and IoT by the providers. For example, a good e-scooter model would have IoT devices to automatically unlock and track them. This was the first step on the road towards implementing a dockless bike-sharing system in the sector.
Key Insights
The dockless category has significantly influenced the bike-sharing industry, advancing at a fast rate.
Numerous businesses favor dockless bike sharing because of lesser capital needs and decreased expenditures compared to station-based systems.
Clients find dockless sharing more appealing due to its cost-effectiveness, parking flexibility, and convenient features.
The progress of GPS technology, as well as mobile payments and the decline in the cost of locking and monitoring subsystems, have been the key drivers in dockless sharing systems.
This dockless bike sharing is characterized by multiple advantages, in which cyclists can rent them from one place and leave them to another one, conveniently using public parking spaces.
Uber, a partner of Yulu which is an electric cycle-sharing app, has given its users accessibility to bike through their app. This is the better way of transportation for everyone.
The Asia-Pacific is the largest industry for bike-sharing worldwide and is projected to uphold this trend.
Development is propelled by the growing count of bike-sharing arrangements and expenditures, mainly in China with businesses like Mobike and Hellobike securing substantial investments.
Fast acceptance of bike-sharing facilities is seen in nations such as China, India, Vietnam, and Singapore, leading to a surge in bike fleets and docking stations.
North America grips a substantial industry share, with providers concentrating on increasing electric bicycle fleets for a competitive benefit, like Jump Bike in San Francisco.
Markets in Europe should enjoy the most fervent pace of growth, fueled by bicycle sharing that offers benefits like air cleaning, openness of the community, increased life expectancy, and reduced traffic congestion.
It is being witnessed that more and more people are getting interested in bike-sharing travel mode in their ways to work as compared to the previous years. The survey of the UK bike-sharing market in 2019 showed that the bike-sharing services were offering travel mode at the rate of 42%.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by sharing system
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by Sharing System (2017-2030)
- 6.4. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by Sharing System (2017-2030)
- 7.4. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by Sharing System (2017-2030)
- 8.4. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by Sharing System (2017-2030)
- 9.4. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by Sharing System (2017-2030)
- 10.4. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by Sharing System (2017-2030)
- 11.4. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by Sharing System (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by Sharing System (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by Sharing System (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by Sharing System (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by Sharing System (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by Sharing System (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by Sharing System (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by Sharing System (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by Sharing System (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by Sharing System (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by Sharing System (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by Sharing System (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by Sharing System (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by Sharing System (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by Sharing System (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by Sharing System (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by Sharing System (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Youon Technology Co. Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Vox Media LLC
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Neutron Holdings Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Uber Technologies Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. DonkeyRepublic Admin Aps
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Tier Mobility SE
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Yulu Bikes Pvt. Ltd.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
