Bike-sharing Services Market By Model (Station-Based, Dockless), By Bike Type (Conventional Bicycle, E-Bikes) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

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The global bike-sharing services market is expected to expand at a CAGR of 12.5% during the forecast period from 2018 to 2026. Bike-sharing services have gained remarkable popularity and acceptance among people over the last two years. Factors such as global warming, traffic congestion, and the high cost associated with everyday shuttles have encouraged the urban crowd to opt for bike-sharing services for their daily commute. The rising popularity of bike sharing, especially among urban populations, has enticed several companies around the globe to invest in this business. Through the bike-sharing model, bicycles have made a comeback as an effective mode of commutation within cities, and projects such as smart cities have backed the bike-sharing services. With an almost endless merit list, the bike-sharing service market is expected to grow by leaps and bounds during the forecast period from 2018 to 2026.

Station-based bike-sharing services will maintain their dominance.

Trips on station-based bikes follow common commute trends, with peaks during office hours. On the other hand, trips on dockless bikes spike in the evening after office hours and on weekends, thereby suggesting that dockless trips are preferred by users for fun rather than work. Thus, each of these models fulfills completely different needs. In 2017, the value contribution from station-based bike-sharing services was greater than from dockless bike-sharing services.

The value contribution of station-based bike-sharing services stood at over 86% in the global bike-sharing services market in 2017. The total number of dockless bikes has increased significantly over the last few years, but station-based bike sharing still accounts for over 78% of total bike-sharing trips worldwide. Although dockless bike sharing is more convenient for users (they don't have to worry about the status of stations when they arrive), it causes major headaches for both local federal agencies (who must control and manage a cluster of bicycles on pedestrian paths) and system operators (who must rebalance bikes to meet demand). The scattered nature of dockless bike-sharing operations also poses challenges related to bicycle durability, maintenance, and economic sustainability that station-based bike-sharing services provide. Effective coordination between cities and operators is key to the successful adoption of dockless bike-sharing services in the coming years.

Asia Pacific to Register Strong Growth Throughout the Forecast Period

Several countries in Europe and the Asia Pacific have widely adopted bike-sharing services. For instance, in China, the number of bike-share rides between 2013 and 2017 outnumbered ride-share rides in the United States during the same period. Bike-sharing services have grown in popularity in the Asia Pacific and Europe as a result of collaborative efforts by local governments, federal agencies, and service providers. Investments made by the governments in setting up reliable bike-sharing service infrastructure bode well for market growth in these regions.

In addition, government encouragement of concepts such as smart cities and a willingness to upgrade city infrastructure with a minimum negative impact on the environment is instrumental in driving the adoption of bike-sharing services in these regions. With over 430 bike-sharing programs, China remains the frontrunner in terms of bike sharing, but with the entry of established transportation companies like Uber, the popularity of bike sharing is catching on in the U.S. as well. As a result, the North American bike-sharing services market is expected to gain traction, with an increasing number of companies investing to gain an early-movers advantage.

Bicycles to Prevail; E-bikes to Gain Popularity

In 2017, the value generated through conventional bicycle sharing was the highest in the global bike-sharing services market. It accounted for over 80% of the value generated worldwide in the same year. The relatively lower cost of conventional bicycle-sharing services makes them the preferred option among commuters. Despite advancements made in a range of new technologies (batteries, positioning systems, and sensing), limited availability and uneven distribution of charging stations have posed significant challenges to the adoption of e-bikes for bike-sharing businesses.

To address this challenge and support the adoption of e-bikes, several service providers across the globe are planning to develop charging stations and charging poles over the next few years. For instance, LimeBike, one of the leading bike-sharing service providers in the U.S., is planning to develop a 10:1 ratio of bikes to charging stations. While integrating electric bikes into bike-sharing programs is still a niche mode of transportation, it is poised to register strong growth during the forecast period from 2018 to 2026.

Some of the leading vendors profiled in the study include NYC Bike Share, LLC; Hangzhou Public Transport Corporation, and GOBEE.BIKE; LimeBike; Dropbike; Ofo; Beijing Mobike Technology Co., Ltd.; Uber Technologies, Inc.; Zagster; and GrabTaxi Holdings Pte Ltd., among others.

Periods of History and Forecast

2016 : Historic year.

2017: Base Year

2018–2026: Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Segmentation of Bike Types (2016-2026; US$ Bn)

  • Bicycles
  • E-bikes

Segment by Model Type (2016-2026; US$ BN)

  • Station-based bike sharing
  • Dockless Bike Sharing

Geography (2016-2026; USD Billion)

  • North America
  • United States
  • rest of North America
  • Europe
  • United Kingdom
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

Key questions are answered in this report.

  • Worldwide market size for bike-sharing services in 2016 and 2017
  • Estimated forecasts and market projections up to 2026
  • Which is the largest regional market for bike-sharing services?
  • Which bike segment has the largest penetration of bike-sharing services?
  • Which bike-sharing business model has the largest penetration?
  • Which are the key trends driving the global bike-sharing service market's growth?
  • Who are the leading global bike-sharing service providers worldwide?
  • Key strategies adopted by the leading bike-sharing service providers worldwide

Frequently Asked Questions:

The market for Bike-sharing Services Market is expected to reach US$ XX Mn By 2026.

The Bike-sharing Services Market is expected to see significant CAGR growth over the coming years, at 12.5%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

NYC Bike Share, LLC; Hangzhou Public Transport Corporation, and GOBEE.BIKE; LimeBike; Dropbike; Ofo; Beijing Mobike Technology Co., Ltd.; Uber Technologies, Inc.; Zagster; and GrabTaxi Holdings Pte Ltd are some of the major players in the global market.

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Published Date:  Jul 2018
Category:  Outsourcing Services
Report ID:   59224
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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