Bike-Sharing Service Market, By Model (Station-based and Dockless), By Type (Conventional Bicycle and E-bikes), By Age (Age 18-24, Age 25-34, Age 35-44, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Improvement in navigational technologies used in bikes globally is witnessing a rapid growth rate in recent years for the bike-hsaring service market. In addition, governments investments to develop reliable bike-sharing infrastructure and encouraging concepts like smart cities is expected to drive growth of the global market over the forecast period. The governments are presenting subsidies for expanding reach to more number of commuters. With rapid growth in urbanization, number of vehicles and travel demand has grown considerably. Moreover, bike-sharing services significantly decrease the long streaks of traffic, thereby allowing countries to manage energy dependency and environmental challenges effectively. In 2018, Chinese Municipal governments sponsored the Public Bike Sharing Program (PBSP) development to boost non-motorized transport and offer flexible, convenient, and low-cost mobility options. These services are majorly used in urban areas due to increased fuel prices and rise in traffic congestion. However, increase in bike vandalism & theft may hamper growth of the global market over the forecast period. Nevertheless, growing concerns related to the rise in environmental pollution are leading toward the adoption of environment-friendly transport solutions including electric bikes and bicycles, supporting industry growth. This is mainly attributed to create lucrative growth opportunities for the global market.

Bike-sharing service market is segmented based on model, type, age, and region.

Based on model type, the bike-sharing service market is segmented station-based and dockless. In 2017, Station-based bike-sharing service segment was preferred over dockless bike-sharing service providers. The trend will grow and station-based bike-sharing model will continue to generate majority of the revenue stream over the forecast period. On the basis of type, the target market is segmented into conventional bicycle and E-bikes. E-bikes type segment is dominating the global market, owing to growing demand for ecofriendly transportation. Based on age, the target market is classified into Age 18-24, Age 25-34, Age 35-44, and Other.

Based on region the bike-sharing service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific bike sharing service market is anticipated to grow at a fastest rate, owing to rapid growth in the region owing to the changing consumer preference toward energy-efficient transport solutions. According to the data published by Ministry of Transport (MoT), China has over 23 million bicycles with & over 400 million users, 70 bike-sharing companies, across the region. The rapidly growing population and increasing urbanization in India and China are contributing to industry expansion. Several start-ups are investing in the Chinese market due to the availability of a large number of potential customers in the region.The key players operating the bike-sharing service market involves Hangzhou Public Transport Corporation, NYC Bike Share, LLC, Gobee.bike, LimeBike, Dropbike, Ofo, Beijing Mobike Technology Co., Ltd., Uber Technologies Inc., Zagster, Inc., and GrabTaxi Holdings Pte Ltd. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in December 2018, Ford GoBike has proclaimed the addition of approximately 600 e-bikes to the U.S. market.

•  Hangzhou Public Transport Corporation*
  • Company Overview
  • Chipset Portfolio
  • Key Highlights
  • Financial Performance
• NYC Bike Share, LLC
• Gobee.bike
• LimeBike
• Dropbike
• Ofo
• Beijing Mobike Technology Co., Ltd.
• Uber Technologies Inc.
• Zagster, Inc.
• GrabTaxi Holdings Pte Ltd.

 “*” marked represents similar segmentation in other categories in the respective section