Bike-Sharing Market By Bike (Traditional Bike and E-Bike), By Sharing System (Docked and Dockless), and By Region - Market Trends, Analysis, and Forecast till 2032

Bike sharing is an economical and convenient mode of transportation that is mainly used for short distances and is therefore environmentally friendly. Bike sharing is a shared transportation service in which convectional bikes or electric bikes are made available to individuals for shared use on a short-term basis at cost or for free. A user can pick up bicycles from several docked or dock less stations around the city and return them to another similar system. Bike share is provide convenient travel option for many short trips. Bike share systems consist of user-friendly and durable bikes placed at convenient stations in urban areas. Bike sharing is a relatively inexpensive and easily implementable infrastructure extension to a city's public transportation system. Growing government initiatives to develop reliable bike-sharing infrastructure along with the proliferation of smart cities around the world are fueling the growth of the bike sharing market. Increase in applications of Global Positioning System (GPS) tracking in bikes, prepaid payment options and Internet of Things (IoT). Accordingly, increasing demand for dock less bike-sharing systems across the globe, as it saves time in parking bikes, is fueling the market growth.

Rising demand for bike sharing and growing adoption of bike sharing

The market is driven by the rising demand for bike-sharing due to its flexibility, accessibility, and affordability. There is increasing adoption of bike-sharing due to the growing concerns regarding the environment. The rising need for urban transportation has increased the number of vehicle usage on roads resulted in heavy traffic jams and pollution Increased adoption of electric bikes due to increased partnership with bike sharing companies and mobility as service providers is expected to drive the market growth, on the other hand vandalism, theft and high initial investment cost of bikes are some of the major factors, impeding market growth.

Technological advancement

Technological advancements have led to dockless electric bike-sharing products that provide better bike-sharing services, facilitating transportation access by providing users with complete flexibility to pick up and drop off bikes freely at any legal public vehicle parking lot, Operator's Bike Stations. There has been a surge in the launch of dockless electric bikes. Technological advancements in bike sharing systems and increase in government initiatives for development of bike-sharing infrastructure are expected to provide lucrative opportunities for market growth during the forecast period. Increasing technologies, such as the proliferation of GPS technology, consumer-ready mobile payments, and IoT, and the reduction in investment costs of locking and tracking systems for bikes have introduced dockless bike sharing systems to the market.

Bike-Sharing Market is segmented based on bike, sharing system and region.

On the basis of bike, the Bike-Sharing Market is segmented into Traditional Bike and E-Bike. On the basis of sharing system, the target market is classified into Docked and Dockless. In sharing system, the dockless segment is expected to witness positive market growth over the forecast period, technological advancements have led to dockless electric bike-sharing products that provide better bike-sharing services, facilitating transportation access by providing users with complete flexibility to pick up and drop off bikes freely at any legal public vehicle parking lot. Operator's Bike Stations. There has been a surge in the launch of dockless electric bikes.

Regional Insights:

On region the Bike-Sharing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In China more than 70 bike-sharing organizations, with 23 million bicycles and more than 400 million riders nationwide, according to the Ministry of Transport (MoT). Growing urbanization and rapidly growing populations in India and China are helping industry expansion.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Bike-Sharing Market report based on bike and sharing system and region:

Bike-Sharing Market, By Bike:

• Traditional Bike
• E-Bike  

Bike-Sharing Market, By Sharing System:

• Docked
• Dockless

Bike-Sharing Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the Bike-Sharing Market includes JUMP Bikes, Citi Bike, Didi Chuxing Technology Co., Neutron Holdings Inc., Lyft Inc., Bluegogo, Uber Technologies Inc., Bird Rides, Inc., JC decaux Group, Hellobike, Youon Bikes, Meituan Bikes, Anywheel Pte Ltd., Lime, Nextbike GmbH. For instance, In September 2022, Uber has a new tool to help companies clean up their transportation carbon footprint. Uber has also expanded its Comfort Electric service, which offers rides in premium EVs like Teslas and Polestars, to 25 cities in North America. However, for many journeys, alternatives such as transit or biking are the lowest emission routes. Uber offers both scooter and bike options (via Lime), although they are only available in certain cities.

In September 2022, China bike-sharing helps boost green goals, Over the past year, users of bicycles and e-bikes shared by Internet platform Meituan have saved 436,500 tons of carbon dioxide by cycling, the company said in a report released ahead of World Cycling Day.

• JUMP Bikes*
• Citi Bike
• Didi Chuxing Technology Co.
• Neutron Holdings Inc.
• Lyft Inc.
• Bluegogo
• Uber Technologies Inc.
• Bird Rides, Inc.
• JC decaux Group
• Hellobike
• Youon Bikes
• Meituan Bikes
• Anywheel Pte Ltd.
• Lime
• Nextbike GmbH