Bike Sharing Service Market

Bike Sharing Service Market Size Survey Report – In a Glance

As per the survey report on global Bike Sharing Service Market, the market is projected to foresee a CAGR of 25.4% between 2024-2033, and further generate a market size of USD 16.2 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 2.2 billion revenue.

• The global Bike Sharing Service Market is projected to grow on account of its capability to maintain environmental sustainability.
• In Japan, the growing traffic congestion can be attributed to the growth in the Bike Sharing Service Market.
• KDMI analyst’s growth analysis foresees infrastructure challenges to challenge the market growth.
• Asia Pacific, having the highest market share in the Bike Sharing Service Market, is projected to dominate the global market.

Bike Sharing Service Market Analysis

Bike Sharing Service makes electric or simple bicycles available to a city’s inhabitants and offers a convenient way to have short trips in & around the city. It minimizes greenhouse emissions & air pollution in association with vehicles, and this becomes the primary growth driver of the bike-sharing service market. Taking a bike instead of a car for a day minimizes the average person’s carbon release from vehicles by 67%. In the previous three decades, greenhouse gas emissions have increased, and the combustion-related CO2 emissions of SUVs expanded by approximately 70 million tons in 2022. Regular use of bicycles with the application of bike - sharing services is one way to maintain environmental sustainability. Beijing Xiaoju Technology Co. Ltd., Bird Rides Inc. and BIXI Montréal are significant players in the global Bike Sharing Service market.

Analyst’s Observation on Japan Bike Sharing Service Market Survey

Bike-sharing services promote the application of bicycles for shorter trips and help reduce traffic congestion on busy streets. Bicycles address traffic congestion as they are an appropriate substitute for cars for short trips. The ability of bike-sharing services to reduce traffic congestion will drive its Japanese market. In Japan, total losses because of traffic congestion are approximately 5 billion hours per year, equal to the manpower of around 2.8 million people. Around 61% of Japanese are regularly stuck in traffic jams. OpenStreet Co., Ltd is a significant player in the Japanese Bike Sharing Service market.

Bike Sharing Service Market Growth Driver & Market Restraint

Growth Driver

Rising fuel costs:

Bike sharing has a high potential to minimize energy ingestion and release depending on its rapid advancement. Further, shared mobility services are leveraged to aid people shift to secure and sustainable transportation choices. Increasing global fuel prices is one of the primary growth drivers of the bike-sharing services market size. Since the end of 2022, oil prices have been immensely fluctuating between USD 75 and 85. In 2023, the worldwide average price of gasoline at the pump was around USD 1.12/litre, an 8% decrease from the past year. This expansion is set to initiate from January 2025 and as per the forecast worldwide oil production will grow by 1.6 million barrels/day in 2025.

Market Restraint

Infrastructure challenges:

The worldwide bike-sharing market goes through infrastructure challenges, especially in the rapidly urbanizing sector stresses adjusting dedicated docking stations and cycling lanes. Only 23% of major global cities have cycling infrastructure and the gap is one of the restrains the development of the bike-sharing service market size.

Bike Sharing Service Market Segmentation

Our experts at KD Market Insights have segmented the global Bike Sharing Service Market research report as:

Bike Sharing Service Market Regional Synopsis

Asia Pacific is expected to dominate the bike-sharing service market due to the rise in the number of shared bicycles. In 2022, Beijing recorded around 950 million shared bicycle rides, denoting approximately 42% of the area’s total rail transit ridership. During peak hours, about 44.7% of the shared bicycle trips were connected from or to urban rail stations, demonstrating that more and more people go for shared bicycles to connect the rail transit “last mile”. Further, the Chinese market for bike-sharing services was propelled for growth when Mobike announced that it had raised approximately USD 600 million in a financing round led by Tencent Holdings Ltd. Singapore has two bicycle-sharing companies of which Anywheel received permission from the Land Transport Authority to stretch its fleet by 5000 bicycles reaching to 35000, growing its lead over HelloRide, which functions with around 10,000 bicycles. The bikeshare program in Seoul, the capital of South Korea, produces more than a million trips/month having more than 1500 bikeshare stations, propelling the growth of the Asia Pacific bike-sharing service market.

North America is expected to dominate the bike-sharing service market due to the emergence of the service in the region. As of June 30, 2024, the dockless bikeshare system served around 49 cities, and e-scooters served approximately 130 cities in 2024, the number of areas with a dockless bikeshare system. With over 1500 miles of bike lanes and more than 650 miles of protected bike lanes installed in New York as of 2023, the bike-sharing services have gained momentum. Four large station systems, such as Hubway, Citi Bike NYC and Capital Bikeshare produced the majority of all rides that happened in 2017 in the United States, similar to past years. According to NACTO’s 2023, Shared Micromobility in Canada and the United States denoted that people took 157 million trips on scooter and bike share, overriding the past peak of 147 million trips as of 2019. Further, the Canadian government is investing in climate answers in regions across Quebec, including in the transportation and decarbonizing sector & assisting commuters to access sustainable choices. The investments have helped the introduction of e-bike sharing initiatives to minimize road congestion and to trial ridesharing technologies.

Regional Company Names

• Meituan
• Hello Bike
• Qingju Bike
• Beijing Xiaoju Technology Co. Ltd

Bike Sharing Service Market Competitive Landscape

Some of the key players who top the global Bike Sharing Service Market share:

• Beijing Xiaoju Technology Co. Ltd.
• Bird Rides Inc.
• BIXI Montréal
• CycleHop LLC
• Donkeyrepublic Admin Aps
• JCDecaux Group
• Lime
• Lyft Inc.
• Nextbike GmbH (TIER Mobility AG)
• SG Bike Pte. Ltd. (ISOTeam Ltd.)
• Smoove
• Uber Technologies Inc.
• TAG Company
• Johnson Controls
• Checkpoint Systems
• Agon Systems

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Bike Sharing Service Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Bike Type
      2. By Sharing System
      3. By Application
      4. By Region
5. Market Segmentation by Bike Type
   1. Traditional Bike
   2. E-bike
   3. Others
6. Market Segmentation by Sharing System
   1. Docked
   2. Dockless
   3. Other
7. Market Segmentation by Application
   1. Short Term
   2. Long Term
   3. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application   
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Bike Type, Sharing System and Application    
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Bike Type, Sharing System and Application    
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Beijing Xiaoju Technology Co. Ltd.
      2. Bird Rides Inc.
      3. BIXI Montréal
      4. CycleHop LLC
      5. Donkeyrepublic Admin Aps
      6. JCDecaux Group
      7. Lime
      8. Lyft Inc.
      9. Nextbike GmbH (TIER Mobility AG)
      10. SG Bike Pte. Ltd. (ISOTeam Ltd.)
      11. Smoove
      12. Uber Technologies Inc.
      13. TAG Company
      14. Johnson Controls
      15. Checkpoint Systems
      16. Agon Systems
      17. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References