Bike-Sharing Service Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: JUMP Bikes, Citi Bike, LimeBike, Capital Bikeshare, Divvy Bikes

Bike-Sharing Service Market was valued at USD 11.08 billion in 2020 and is expected to reach USD US$ 28.55 billion by 2027, at a CAGR of 20.13% over the forecast period 2022-2027

Bike-Sharing Service Market Overview

The growing technologies, such as the proliferation of GPS technology, consumer-ready mobile payments, and IoT, and the reduction in investment cost of locking and tracking systems for bikes led to the introduction of a dockless bike-sharing system in the market. The dockless bike-sharing system resulted in offering better bike-sharing services in the growing urban commutes, which allows the ease of transit access by offering users the sheer flexibility of picking up and dropping off bikes freely at any legal public vehicle parking instead of operator’s bike stations.

E-bikes, especially pedelecs, are gradually becoming the ideal mode of transportation. E-bikes, such as pedelecs, are eco-friendly and reliable. For instance, in December 2020, HumanForest, an e-bike provider, raised GBP 1million via a crowdfunding campaign. London-based HumanForest aims to offer a sustainable e-bike service in cities, starting with London in the Spring, followed by expansion across Europe. HumanForest ran a trial of this service in the summer with 200 e-bikes, and it plans to utilize the latest funds to expand the fleet to 1,500 e-bikes.

Who are the Major Players in Bike-Sharing Service Market?

The Bike-Sharing Service Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes JUMP Bikes, Citi Bike, LimeBike, Capital Bikeshare, Divvy Bikes, Blue Bikes (Hubway), Ford GoBike, Mobike, Hellobike, Nextbike, Call a bike, Santander Cycles, Vélib, Bicing, SG Bike, Ola Pedal, Zoomcar PEDL, Mobycy, Yulu Bikes, Letscycle, Docomo Bikeshare

Recent Developments:

April 7, 2021: Citi Bike set to become world’s biggest bike-share outside of China.The incursion into the Washington Heights and Inwood area will bring the total number of bikes in the system to 20,000, Citi Bike said — triple the number when bike-share started in 2013, and more than the sizable systems in Seoul and Paris.

November 2020, the German Development Cooperation (GIZ) and the Ministry of Construction of Vietnam signed a memorandum of understanding on the development of technical guidelines for the design of cycling infrastructure. Under the partnership, the DeveloPPP program ‘Promote and Pilot a Public Bike-Sharing (PBS) Scheme in Vietnam toward Sustainable Urban Mobility and Smart Cities, will be funded by the German Federal Ministry of Economic Cooperation and Development (BMZ).

December 2020, the Ho Chi Minh City Department of Transport announced that the municipal People’s Committee gave the in-principle approval for piloting a public bicycle-sharing system in some areas across the city for 12 months. The bicycle-sharing system is invested and operated by Tri Nam Group JSC.

What are the major Applications, Types, and Regions for Bike-Sharing Service Market?

The bike-Sharing Service Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Dockless


• Station-based

By Applications it is segmented into

• Age 18-24


• Age 25-34


• Age 35-44


• Others

Bike-Sharing Service Market Regional Analysis

Chinese Municipal governments subsidized the Public Bike Sharing Program (PBSP) development to encourage non-motorized transport and offer convenient, flexible, and low-cost mobility options. These services are majorly used in urban areas due to the rise in traffic congestion and increased fuel prices. In addition, governments of various countries across the world are taking initiatives to reduce the carbon footprints by encouraging the use of shared mobility including bikes and scooter for daily commute.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Bike-Sharing Service Market report scope?

Key Takeaways from this Bike-Sharing Service Report

• Evaluate Bike-Sharing Service market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Bike-Sharing Service market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Bike-Sharing Service Market is studied from 2017 - 2027.

What is the growth rate of Bike-Sharing Service Market?

The Bike-Sharing Service Market is growing at a CAGR of 20.13% over the next 5 years.

Who are the leading key players in Bike-Sharing Service Market?

JUMP Bikes, Citi Bike, LimeBike, Capital Bikeshare, Divvy Bikes, Blue Bikes (Hubway), Ford GoBike, Mobike, Hellobike, Nextbike, Call a bike, Santander Cycles, Vélib, Bicing, SG Bike, Ola Pedal, Zoomcar PEDL, Mobycy, Yulu Bikes, Letscycle, Docomo Bikeshare

What regions regions does this Bike-Sharing Service Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Bike-Sharing Service Market?

Dockless, Station-based

What are the significant Applications of Bike-Sharing Service Market?

Age 18-24, Age 25-34, Age 35-44, Others

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