Our comprehensive research on the Global Bike-Sharing Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global bike-sharing market size was US$ 3,011.0 million in 2021. The global bike-sharing market is forecast to grow to US$ 8,601.2 million by 2030 by growing at a compound annual growth rate (CAGR) of 14.9% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The availability of bike-sharing services at low cost is expected to significantly benefit the bike-sharing market during the study period. In addition, the growing preference for carpool and bike pool services is expected to contribute to the growth of ride-hailing and ride-sharing services.
The growing range of innovative strategies announced by leading market players, such as Ola and Uber, is expected to drive the market forward. Furthermore, the convenience offered by bike-sharing service providers, such as easy pick-up and drop at the exact location, will escalate the growth of the market.
Favourable initiatives by government bodies for the development of bike-sharing infrastructure will escalate the growth of the market. For instance, the municipal governments of China subsidized the Public Bike Sharing Program (PBSP) development in 2018 with the aim to encourage non-motorized transport. Moreover, this initiative also aims to offer convenient, flexible, and low-cost mobility options to the end-users. Thus, such initiatives will accelerate the growth of the market during the study period.
The growing range of ride-hailing and ride-sharing services at low cost will surge the competition between the industry players. As a result, efficient strategies to attract customers will propel the market forward during the forecast period.
High initial investment costs may limit the growth of the market during the study period.
Regional Analysis
Based on the regions, the North American bike-sharing market is forecast to emerge as the largest market. It is owing to the growing demand for these services for short and long-distance travel. Furthermore, the rising adoption of electric bikes is forecast to benefit the overall market during the study period. Rising disposable income and the early adoption of the business model are expected to benefit the market during the forecast period. The presence of a large working population will also contribute to market growth.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic negatively affected the bike-sharing business as governments in many countries imposed strict lockdown to curb the virus’s spread. Furthermore, the demand for bike-sharing drastically fell as the majority of the working population got work-from-home. In addition, the reduction in the workforce due to the virus spread further hampered the growth of this market.
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Competitors in the Market
- Anywheel Pte. Ltd
- BIXI Montreal
- Beijing Xiaoju Technology Co, Ltd.
- Bird Rides, Inc
- Bond Mobility (Europe) AG
- JCDecaux
- SG Bike Pte Ltd
- Spin
- Tembici
- Lime
- LYft, Inc.
- Mobike
- Nextbike GmbH
- Uber Technologies Inc.
- Youon Technology Co., Ltd.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Bike-Sharing industry experienced notable growth in its workforce. Starting in January, employment within the Bike-Sharing sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Bike-Sharing output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Bike-Sharing output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Bike-Sharing market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Bike-Sharing market.
Market Segmentation
The global bike-sharing market segmentation focuses on Bike Type, Sharing System, and Region.
By Bike Type Outlook
- Traditional/Convectional
- E-Bikes
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By Sharing System Outlook
- Docked
- Dock-less
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Bike-Sharing Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Bike-Sharing Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Bike-Sharing Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Bike-Sharing Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Bike-Sharing market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Bike-Sharing market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Bike-Sharing business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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