Market Overview:
The global bike sharing market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for short-term and long-term bike rental services across the globe. In addition, the growing awareness about the benefits of cycling is also contributing to the growth of this market. The conventional bike segment is expected to dominate the global bike sharing market during the forecast period from 2018 to 2030. This segment is anticipated to account for a majority share of this market owing to its low cost and easy availability compared with electric bikes (e-bikes). However, e-bikes are gaining popularity due their enhanced features such as longer battery life and higher speed than conventional bikes.
Product Definition:
Bike sharing is a system in which bicycles are made available for shared use to individuals on a short-term basis. Bike sharing systems can be public, private, or commercial.
Conventional Bike:
Conventional bikes are the traditional type of bicycles that have been in use before the advent of electric assistive vehicles. They are still used by many people for transportation purposes owing to their ease and convenience. Conventional bikes can be operated with the help of muscular power or mechanical effort depending on the weight loaded onto it. The conventional bike sharing system is a network-based service where access is provided through various bicycle parking spaces, residential cycling networks, commercial racks, and indoor malls etc.
E-Bike:
Electric Bike, also known as E-Bike or Electric Bicycle is a bicycle with an integrated electric motor. The basic function of the electric bike is similar to that of a normal bike; however, in addition to this it has several benefits over the normal bikes such as less noise and pollution and more comfort in riding due to smooth drive train. Also, it helps save fuel costs by reducing power used by engine while traveling at same speed as compared to that used by pedaling.
Application Insights:
The long-term segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The major factors contributing to this growth include increasing disposable income, rapid urbanization, rising awareness regarding health & fitness and a growing preference for outdoor activities. Furthermore, governments are taking initiatives to promote e-bikes due to benefits such as reduced costs associated with them. For instance, in July 2018, bike sharing system provider of Capital Bikeshare Inc., Motivate LLC announced that it will provide rebates of up to USD 1000 for electric bikes purchased through its program called Ebike Rewards Program.
The global bike sharing market by application can be classified into short term and long term segments.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding bike sharing services, growing population, rising disposable income of consumers and rapid urbanization in emerging economies such as China and India. Moreover, countries such as Japan are also anticipated to witness significant growth owing to increased government initiatives for promoting sustainable transportation practices.
Europe is projected to grow at a lucrative rate over the forecast period owing to increasing investments by companies operating within this region. For instance, Bewegen Sie! GmbH & Co., based in Germany has introduced its new electric bicycle called Radsport Bike Share (RSB) that can be used for short-term or long-term rental purposes across various cities of Europe including Nantes (France), Bratislava (Slovakia), Riga (Latvia) and Minsk (Belarus). Such innovative concepts are expected drive regional growth during the forecast years.
Growth Factors:
- Increasing urbanization – Bike sharing is an ideal solution for congested cities, as it does not require any special infrastructure and can be operated with a very small footprint. As more and more people move to cities, the demand for bike sharing will continue to grow.
- Rising awareness of the health benefits of cycling – Cycling is a healthy and environmentally-friendly mode of transportation, and its popularity is growing among people who are looking for ways to improve their fitness or reduce their carbon footprint. This trend will help drive growth in the bike sharing market.
- Innovations in technology – Bike sharing companies are constantly innovating new technologies that make it easier and more convenient for users to access bikes share them between different cities or countries). These innovations will help spur growth in the bike sharing market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bike Sharing Market Research Report
By Type
Conventional Bike, E-Bike
By Application
Short Term, Long Term
By Companies
Uber, Ofo, Mobike, Lime, JCDecaux Group, Bluegogo, Didi Chuxing Technology, Lyft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Bike Sharing Market Report Segments:
The global Bike Sharing market is segmented on the basis of:
Types
Conventional Bike, E-Bike
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Short Term, Long Term
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Uber
- Ofo
- Mobike
- Lime
- JCDecaux Group
- Bluegogo
- Didi Chuxing Technology
- Lyft
Highlights of The Bike Sharing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional Bike
- E-Bike
- By Application:
- Short Term
- Long Term
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bike Sharing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bike sharing is a system where people can borrow bikes from a central location and return them to another location. Bike sharing systems are popular in many cities around the world, including Paris, London, and New York City.
Some of the major players in the bike sharing market are Uber, Ofo, Mobike, Lime, JCDecaux Group, Bluegogo, Didi Chuxing Technology, Lyft.
The bike sharing market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bike Sharing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bike Sharing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bike Sharing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bike Sharing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bike Sharing Market Size & Forecast, 2018-2028
4.5.1 Bike Sharing Market Size and Y-o-Y Growth
4.5.2 Bike Sharing Market Absolute $ Opportunity
Chapter 5 Global Bike Sharing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bike Sharing Market Size Forecast by Type
5.2.1 Conventional Bike
5.2.2 E-Bike
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bike Sharing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bike Sharing Market Size Forecast by Applications
6.2.1 Short Term
6.2.2 Long Term
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bike Sharing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bike Sharing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bike Sharing Analysis and Forecast
9.1 Introduction
9.2 North America Bike Sharing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bike Sharing Market Size Forecast by Type
9.6.1 Conventional Bike
9.6.2 E-Bike
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bike Sharing Market Size Forecast by Applications
9.10.1 Short Term
9.10.2 Long Term
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bike Sharing Analysis and Forecast
10.1 Introduction
10.2 Europe Bike Sharing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bike Sharing Market Size Forecast by Type
10.6.1 Conventional Bike
10.6.2 E-Bike
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bike Sharing Market Size Forecast by Applications
10.10.1 Short Term
10.10.2 Long Term
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bike Sharing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bike Sharing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bike Sharing Market Size Forecast by Type
11.6.1 Conventional Bike
11.6.2 E-Bike
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bike Sharing Market Size Forecast by Applications
11.10.1 Short Term
11.10.2 Long Term
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bike Sharing Analysis and Forecast
12.1 Introduction
12.2 Latin America Bike Sharing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bike Sharing Market Size Forecast by Type
12.6.1 Conventional Bike
12.6.2 E-Bike
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bike Sharing Market Size Forecast by Applications
12.10.1 Short Term
12.10.2 Long Term
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bike Sharing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bike Sharing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bike Sharing Market Size Forecast by Type
13.6.1 Conventional Bike
13.6.2 E-Bike
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bike Sharing Market Size Forecast by Applications
13.10.1 Short Term
13.10.2 Long Term
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bike Sharing Market: Competitive Dashboard
14.2 Global Bike Sharing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Uber
14.3.2 Ofo
14.3.3 Mobike
14.3.4 Lime
14.3.5 JCDecaux Group
14.3.6 Bluegogo
14.3.7 Didi Chuxing Technology
14.3.8 Lyft
