Global Bike-Sharing Service
Market Report
2025
the global Bike-Sharing Service Market was USD 6.3 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Bike-Sharing Service Market was USD 6.3 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Bike-Sharing Service Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 11.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Bike Type |
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Market Split by Sharing System |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Bike-Sharing Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The bike-sharing service market is expanding due to its sustainable and convenient urban mobility solution. Rising environmental concerns, traffic congestion, and a shift towards healthier lifestyles have fueled demand. Governments and businesses are investing in providing affordable and accessible transportation options. Additionally, technological advancements and the integration of mobile apps have made bike-sharing services more user-friendly and efficient, further contributing to the market's growth.
In February 2021, according to 36Kr, Didi Chuxing's bike-sharing subsidiary Qingju raised USD 600 million in a Series B equity financing round and got an additional USD 400 million in loans. Qingju, which originally debuted in the Sichuan region of Southwest China in 2018, raised USD 1 billion from Legend Capital and an unnamed foreign investment company in April 2020. Along with Hello Bike, which is supported by Ant Group, and Meituan Bike, Qingju is one of the main bike-sharing services that are still accessible in China. Before Meituan purchased the business for USD 2.7 billion in April 2018 and relaunched it in 2019, it was known as Mobike.
The influx of venture capital investment fuels the Bike-Sharing Service Market. Investors recognize the potential for sustainable urban transportation solutions, prompting funding for new startups and the expansion of existing players.
For instance, from its establishment until April 2021, Didi Chuxing's bike-sharing subsidiary, Qingju, successfully secured funding of USD 23.2 billion across 26 investment rounds. Additionally, Qingju strategically invested in various other enterprises such as Bolt, Lyft, and Grab.
(Source:techcrunch.com/2017/07/23/grab-raises-2b-from-didi-chuxing-and-softbank/)
This financial support enables technological advancements, expansion into new markets, and the development of user-friendly platforms, ultimately driving innovation and growth in the bike-sharing industry. The increased availability of capital is transforming bike-sharing into a more competitive and dynamic market.
The bike-sharing service market faces challenges due to the high initial investment required to establish infrastructure, develop technology, and manage operations. Procuring bikes, setting up docking stations, and implementing tracking and payment systems entail significant costs. Ensuring user safety, maintenance, and efficient customer support further adds to the expenses. While these investments are essential for a successful bike-sharing program, they can deter potential entrants or lead to financial strains for existing providers.
COVID-19 significantly disrupted the bike-sharing service market. Lockdowns and safety concerns led to a drastic decline in ridership as people stayed indoors. Operations were temporarily halted, causing revenue loss for companies. However, the market rebounded as restrictions eased due to a preference for socially distant transportation. Enhanced cleaning protocols, contactless payment, and flexible rental options emerged as strategies to restore consumer confidence and adapt to the new normal.
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The rise of e-bikes presents a significant trend, offering users assisted mobility. E-bikes cater to a broader audience, making biking accessible to individuals facing physical limitations or longer distances. Dockless bike-sharing systems are gaining traction due to their flexibility. Users can locate and rent bikes through apps without requiring designated docking stations. However, concerns over parking and clutter have led to regulatory challenges in some regions. Collaborations with municipalities and urban planning initiatives are becoming essential. Bike-sharing companies are working closely with cities to ensure well-managed infrastructure, sustainable practices, and alignment with transportation goals. Bike-sharing aligns with environmental goals, reducing carbon emissions and congestion. Players highlight their commitment to sustainability as a marketing strategy and a way to attract environmentally-conscious consumers.
March 2023: MYBYK introduced electric bicycle models: MYBYK Electric and MYBYK Electric Cargo. The MYBYK Electric version serves residents and visitors, providing an efficient first- and last-mile travel solution. Conversely, the MYBYK Electric Cargo model aims to aid gig workers by tackling issues related to last-mile deliveries.
(Source:www.financialexpress.com/auto/bike-news/mybyk-launches-two-electric-bicycles/3026191/?)??????
January 2021: Lime has collaborated with Edenred Benefits to offer commuting benefits to over 10,000 employers, subsidizing trips to accommodate around 10 million employees. This initiative will drive increased demand as the post-pandemic work landscape takes shape.
(Source:www.li.me/en-gr/blog/lime-edenred-improve-commutes-to-get-cities-moving)
December 2020: Mobike concluded its operations following a complete integration into its parent company, Meituan. Users were informed of this transition through an updated message on Mobike's app, WeChat mini program, and website, instructing them to access services via the Meituan app.
(Source:pandaily.com/bike-sharing-app-mobike-ends-operations-as-meituan-takes-full-control/)
February 2020: The Italian city of Trieste inaugurated a fresh public bike-sharing initiative named BiTS. This system is an integral component of the city's Integrated Sustainable Urban Development Plan (PISUS), costing approximately EUR 390,000. The primary objective is to foster sustainable mobility by encouraging walking and cycling, thereby mitigating urban pollution.
(Source:www.eltis.org/in-brief/news/new-public-bike-sharing-scheme-launched-trieste)
Top Companies Market Share in Bike-Sharing Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
The North American region possesses the largest share of the bike-sharing service market due to urbanization, environmental concerns, and increasing adoption of sustainable transportation solutions. Government initiatives and private investments in bike-sharing infrastructure have propelled its growth. The high population density in urban centers and the need for congestion and pollution mitigation further contribute to the popularity of bike-sharing services across North America.
The United States secured the largest market share in bike-sharing services due to its extensive urbanization, changing mobility preferences, and strong emphasis on environmental sustainability. Robust urban populations and traffic congestion have driven demand for convenient, eco-friendly transportation options. Government support, private investments, and a tech-savvy population have facilitated the growth of bike-sharing programs across major U.S. cities, cementing the country's dominance in the market.
Due to several factors, the Asia Pacific bike-sharing service market is projected to witness the highest Compound Annual Growth Rate (CAGR) in the forecast period. Rapid urbanization, increasing traffic congestion, and a growing awareness of environmental concerns are driving the demand for sustainable transportation solutions. Governments and private players are investing in bike-sharing infrastructure, while a large population and rising smartphone penetration are accelerating adoption, positioning the region for substantial growth.
The current report Scope analyzes Bike-Sharing Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Bike-Sharing Service Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bike-Sharing Service Industry growth. Bike-Sharing Service market has been segmented with the help of its Bike Type, Sharing System , and others. Bike-Sharing Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Traditional/conventional bikes dominate the bike-sharing service market due to their simplicity and familiarity. Users are accustomed to riding standard bicycles, making them an accessible choice. Additionally, traditional bikes require lower maintenance costs and a longer lifespan than electric alternatives. Their straightforward design appeals to a wide demographic, ensuring widespread adoption. However, the market is evolving by integrating electric and smart bikes to cater to changing preferences.
E-Bikes in the docked sharing system market are witnessing the highest Compound Annual Growth Rate (CAGR) in the forecast period due to their ability to offer assisted mobility. Electric bikes cater to a broader range of users, including those who might find traditional biking strenuous. They extend the range of travel and tackle challenging terrains, making them attractive for urban commuters seeking efficient and eco-friendly transportation options.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Bike-Sharing Service Industry. Request a Free Sample PDF!
Docked-sharing systems dominated the bike-sharing market due to their organized infrastructure. Docking stations ensured easy bike pick-up and drop-off, streamlining operations for users. They also facilitated better maintenance and charging of electric bikes. Users had consistent access to bikes at designated locations, which increased convenience. However, the rise of dockless systems provided more flexibility, leading to market dynamics shifting over time.
Due to its enhanced flexibility and convenience, the dockless sharing system is experiencing the highest Compound Annual Growth Rate (CAGR) in the forecast period. It eliminates the need for fixed docking stations, enabling users to pick up and drop off bikes anywhere. This appeals to users' on-the-go lifestyles, leading to increased adoption. Additionally, technological advancements in GPS tracking and mobile apps have improved dockless systems' efficiency and user experience.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Bike-Sharing Service Market is witnessing significant growth in the near future.
In 2023, the Traditional/Convectional Bikes segment accounted for noticeable share of global Bike-Sharing Service Market and is projected to experience significant growth in the near future.
The Docked segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Uber Technologies Inc. , Bird Rides Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Bike Type | Traditional/Convectional Bikes, E-Bikes |
Sharing System | Docked, Dock-less |
List of Competitors | Uber Technologies Inc., Anywheel Pte. Ltd., Bird Rides Inc., TIER Mobility SE, Lyft, MOBILE, Bond Mobility, BIXI, Lime, Spin, Ofo, Citi Bike, Divvy Bikes, Capital Bikeshare, Donkey Republic, Yulu, ToBike, Biki, Sobi, Bolt Bikes, Zagster, Bluegogo |
This chapter will help you gain GLOBAL Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review Global Bike-Sharing Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review North America Bike-Sharing Service Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review Europe Bike-Sharing Service Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review Asia Pacific Bike-Sharing Service Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review South America Bike-Sharing Service Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review Middle East Bike-Sharing Service Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Bike-Sharing Service. Further deep in this chapter, you will be able to review Middle East Bike-Sharing Service Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Bike-Sharing Service. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Bike Type Analysis 2019 -2031, will provide market size split by Bike Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Bike Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Sharing System Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bike-Sharing Service market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Traditional/Convectional Bikes have a significant impact on Bike-Sharing Service market? |
What are the key factors affecting the Traditional/Convectional Bikes and E-Bikes of Bike-Sharing Service Market? |
What is the CAGR/Growth Rate of Docked during the forecast period? |
By type, which segment accounted for largest share of the global Bike-Sharing Service Market? |
Which region is expected to dominate the global Bike-Sharing Service Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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