Bike-sharing Services Market

Market Expert

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

• U.S.
• Canada

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC Countries
• South Africa
• Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Bike-sharing Services Market Snapshot
2.2. Global Bike-sharing Services Market by Model, 2017
2.3. Global Bike-sharing Services Market by Bike Type, 2017
2.4. Global Bike-sharing Services Market by Geography, 2017

3. Global Bike-sharing Services Market Dynamics
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading Bike-sharing Service Providers, 2017
3.5.2. Strategies Adopted by Leading Bike-sharing Service Providers

4. Global Bike-sharing Services Market Size (US$ Bn), by Model, 2016 – 2026
4.1. Overview
4.1.1. Bike-sharing Services Market Analysis by Model, 2017 & 2026
4.2. Station-based
4.3. Dockless

5. Global Bike-sharing Services Market Size (US$ Bn), by Bike Type, 2016 – 2026
5.1. Overview
5.1.1. Bike-sharing Services Market Analysis by Bike Type, 2017 & 2026
5.2. Conventional Bicycle
5.3. E-bikes

6. North America Bike-sharing Services Market Analysis, 2016 – 2026
6.1. Overview
6.2. North America Bike-sharing Services Market Size (US$ Bn), by Model, 2016 – 2026
6.2.1. Station-based
6.2.2. Dockless
6.3. North America Bike-sharing Services Market Size (US$ Bn), by Bike Type, 2016 – 2026
6.3.1. Conventional Bicycle
6.3.2. E-bikes
6.4. North America Bike-sharing Services Market Size (US$ Bn), by Country, 2016 – 2026
6.4.1. U.S.
6.4.1.1. U.S. Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
6.4.1.2. U.S. Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
6.4.2. Rest of North America
6.4.2.1. Rest of North America Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
6.4.2.2. Rest of North America Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)

7. Europe Bike-sharing Services Market Analysis, 2016 – 2026
7.1. Overview
7.2. Europe Bike-sharing Services Market Size (US$ Bn), by Model, 2016 – 2026
7.2.1. Station-based
7.2.2. Dockless
7.3. Europe Bike-sharing Services Market Size (US$ Bn), by Bike Type, 2016 – 2026
7.3.1. Conventional Bicycle
7.3.2. E-bikes
7.4. Europe Bike-sharing Services Market Size (US$ Bn), by Country, 2016 – 2026
7.4.1. U.K.
7.4.1.1. U.K. Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
7.4.1.2. U.K. Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
7.4.2. Germany
7.4.2.1. Germany Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
7.4.2.2. Germany Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
7.4.3. France
7.4.3.1. France Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
7.4.3.2. France Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
7.4.4. Rest of Europe
7.4.4.1. Rest of Europe Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
7.4.4.2. Rest of Europe. Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)

8. Asia Pacific Bike-sharing Services Market Analysis , 2016 – 2026
8.1. Overview
8.2. Asia Pacific Bike-sharing Services Market Size (US$ Bn), by Model, 2016 – 2026
8.2.1. Station-based
8.2.2. Dockless
8.3. Asia Pacific Bike-sharing Services Market Size (US$ Bn), by Bike Type, 2016 – 2026
8.3.1. Conventional Bicycle
8.3.2. E-bikes
8.4. Asia Pacific Bike-sharing Services Market Size (US$ Bn), by Country, 2016 – 2026
8.4.1. China
8.4.1.1. China Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
8.4.1.2. China Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
8.4.2. India
8.4.2.1. I. India Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
8.4.2.2. India Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
8.4.3. Japan
8.4.3.1. Japan Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
8.4.3.2. Japan Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
8.4.4.2. Rest of Asia Pacific Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)

9. Rest of the World Bike-sharing Services Market Analysis , 2016 – 2026
9.1. Overview
9.2. Rest of the World Bike-sharing Services Market Size (US$ Bn), by Model, 2016 – 2026
9.2.1. Station-based
9.2.2. Dockless
9.3. Rest of the World Bike-sharing Services Market Size (US$ Bn), by Bike Type, 2016 – 2026
9.3.1. Conventional Bicycle
9.3.2. E-bikes
9.4. Rest of the World Bike-sharing Services Market Size (US$ Bn), by Region, 2016 – 2026
9.4.1. Latin America
9.4.1.1. Latin America Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
9.4.1.2. Latin America Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)
9.4.2. Middle East & Africa
9.4.2.1. Middle East & Africa Bike-sharing Services Market Size, by Model, 2016 – 2026 (US$ Bn)
9.4.2.2. Middle East & Africa Bike-sharing Services Market Size, by Bike Type, 2016 – 2026 (US$ Bn)

10. Company Profiles
10.1. NYC Bike Share, LLC
10.2. Hangzhou Public Transport Corporation
10.3. Gobee.bike
10.4. LimeBike
10.5. Dropbike
10.6. Ofo
10.7. Beijing Mobike Technology Co., Ltd.
10.8. Uber Technologies Inc.
10.9. Zagster,
10.10. GrabTaxi Holdings Pte Ltd

List of Figures

FIG. 1 Global Bike-sharing Services: Market Segmentation
FIG. 2 Global Bike-sharing Services Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Bike-sharing Services Market, by Model, 2017 (US$ Bn)
FIG. 5 Global Bike-sharing Services Market, by Bike Type, 2017 (US$ Bn)
FIG. 6 Global Bike-sharing Services Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global Bike-sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Bike-sharing Services Market
FIG. 9 Market Positioning of Leading Bike-sharing Services Vendors, 2017
FIG. 10 Global Bike-sharing Services Market Value Contribution, by Model, 2017 & 2026 (Value %)
FIG. 11 Global Station-based Bike-sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn)
FIG. 12 Global Dockless Bike-sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn)
FIG. 13 Global Bike-sharing Services Market Value Contribution, by Bike Type, 2017 & 2026 (US$ Bn)
FIG. 14 Global Conventional Bicycle Sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn)
FIG. 15 Global E-bikes Sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn)
FIG. 16 North America Bike-sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 17 Europe Bike-sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 18 Asia Pacific Bike-sharing Services Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 19 RoW Bike-sharing Services Market Value and Growth, 2016– 2026, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Bike-sharing Services Market
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 6 North America Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 7 North America Bike-sharing Services Market Value, by Country, 2016 – 2026 (US$ Bn)
TABLE 8 U.S. Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 9 U.S. Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 10 Rest of North America Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 11 Rest of North America Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 12 Europe Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 13 Europe Bike-sharing Services Market Value, by Bike Type, 2015 – 2023 (US$ Bn)
TABLE 14 Europe Bike-sharing Services Market Value, by Country, 2016 – 2026 (US$ Bn)
TABLE 15 U.K. Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 16 U.K. Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 17 France Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 18 France Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 19 Germany Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 20 Germany Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 21 Rest of Europe Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 22 Rest of Europe Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 23 Asia Pacific Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 24 Asia Pacific Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 25 Asia Pacific Bike-sharing Services Market Value, by Country, 2016 – 2026 (US$ Bn)
TABLE 26 China Bike-sharing Services Market Value, by Model, 2014- 2023 (US$ Bn)
TABLE 27 China Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 28 Japan Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 29 Japan Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 30 India Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 31 India Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 32 Rest of Asia Pacific Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 33 Rest of Asia Pacifc Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 34 Rest of World Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 35 Rest of World Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 36 Rest of World Bike-sharing Services Market Value, by Region, 2016 – 2026 (US$ Bn)
TABLE 37 Latin America Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 38 Latin America Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)
TABLE 39 Middle-East and Africa Bike-sharing Services Market Value, by Model, 2016 – 2026 (US$ Bn)
TABLE 40 Middle-East and Africa Bike-sharing Services Market Value, by Bike Type, 2016 – 2026 (US$ Bn)