Bike-sharing service market is anticipated to grow at a CAGR of 14.2% during the forecast period (2023–2030). Bike sharing is a shared transport service in which conventional bikes or E-bikes are made available for shared use to individuals on a short-term basis for a very low price or free. Users may pick up bicycles around the city from multiple docked or dock-less stations and return them at another same system. These services offer both locals and tourists an easy, low-cost, efficient means of transportation around cities. Bike sharing systems are often facilitated through mobile applications or membership cards, enabling users to locate and unlock bikes, track their usage, and make payments. The bike sharing services market has witnessed a significant growth over the past few years owing to the increasing urbanization, a focus on sustainable transportation options, and the popularity of shared mobility services.
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Furthermore, the growing interest in physical activity along with the increased health consciousness has boosted demand for bicycle sharing programmes. Cycling encourages exercise and assists in preventing inactive behaviours, improving fitness and health. Hence, the market players are also focusing on introducing new programme and initiatives to cater to the rising demand for bike-sharing services. For instance, in March 2023, Bike Share Pittsburgh launched the program’s 2023 plans at POGOH’s inaugural Community Coalition Annual Meeting. Through this, POGOH introduced around 220 new bikes and 22 new dock stations along with updated pricing policy.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Bike-Sharing Service Market by Type
- Traditional and Conventional
- Electric-Bikes (E-Bikes)
Global Bike-Sharing Service Market by Sharing System
- Docked
- Dock-Less
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Anywheel Pte. Ltd.
- BIXI Montreal
- JCDecaux
- Lime
- Lyft, Inc.
- Mobike
- Tier Mobility SE (Tier Mobility SE)
- PitchBook Data, Inc.
- SG Bike Pte Ltd.
- Skinny Labs Inc.
- Tembici
- Uber B.V. and Uber Technologies Inc.
- X-Bike B.V.
- YOUON TECHNOLOTY CO.,LTD.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bike-sharing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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