The bike sharing market size has grown strongly in recent years. It will grow from $4.02 billion in 2024 to $4.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to urbanization and population density, environmental awareness, government initiatives and policies, infrastructure development, and health and wellness trends
The bike sharing market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to electric bike integration, micro-mobility solutions, data analytics for optimization, smart city integration, subscription models, and loyalty programs. Major trends in the forecast period include technology advancements, collaboration with public transport, autonomous bike technologies, customization and personalization, and climate-responsive infrastructure.
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How have varous drivers impacted the growth of the bike sharing market?
The rise in demand for e-bikes is expected to propel the growth of the bike-sharing market going forward. An Electric bike is equipped with an integrated electric motor and battery system. E-bikes play a significant role in bike-sharing programs by increasing the accessibility of bike-sharing systems, improving climbing capability, and enhancing the overall experience for users. For instance, in August 2022, according to the Bureau of Transportation Statistics (BTS), a U.S. federal agency, the number of available e-scooter systems increased to 300 in 2022, up from 281 in 2021. Additionally, the number of cities with e-scooter systems grew to 158 in 2022, compared to 136 in 2021. Therefore, the rise in demand for e-bikes is driving the growth of the bike-sharing market going forward.
What are the primary segments of the bike sharing market?
The bike sharing market covered in this report is segmented –
1) By Bike Type: E-Bike, Conventional Bikes
2) By Sharing: Docked, Dock Less
3) By Duration: Short Term, Long Term
4) By Model Type: Free-Floating, Peer-To-Peer (P2P), Station Based
Subsegments:
1) By E-Bike: Pedal-Assist E-Bikes, Throttle-Controlled E-Bikes, Cargo E-Bikes
2) By Conventional Bikes: Standard Bikes (Single-Speed), Multi-Speed Bikes, Folding Bikes
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Which firms are leading the bike sharing market?
Major companies operating in the bike sharing market include Uber Technologies Inc., Deutsche Bahn AG, Meituan Inc., DiDi Bike, Lyft Inc., JCDecaux Group, Hello Inc., Neutron Holdings Inc., TIER Mobility SE, Bird Rides Inc., Youon Technology Co. Ltd., Tembici, Yulu Bikes Pvt. Ltd., CycleHop LLC, Bond Mobility AG, Blue Bikes, Nextbike GmbH, BIXI Montreal, Swiftmile Inc., Zagster, Donkey Republic, PBSC Urban Solutions, Urbo Solutions, Divvy Bikes, SG Bike Pte Ltd, Anywheel Pte Ltd., Beijing Xiaoju Technology Co. Ltd., Santander Cycles
How will industry trends affect the trajectory of the bike sharing market?
Technological advancements are a key trend gaining popularity in the bike-sharing market. Major companies operating in the bike-sharing market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Vancouver’s public bike share system, launched Mobi by Shaw Go, This initiative involves adding 50 new stations, including 30 dedicated to e-bikes, expanding the total fleet to 2,500 bikes and 250 stations citywide. Mobi by Shaw Go, Vancouver’s public bike-sharing program, offers both standard and e-bikes through flexible memberships or pay-per-use plans, with stations strategically placed to complement public transit and key city areas. The e-bikes offer three levels of pedal assistance, enhancing accessibility, especially on Vancouver’s hilly routes. Mobi supports sustainable transportation by offering an eco-friendly alternative to driving, aligning with the city’s climate objectives.
Which geographic trends are shaping the bike sharing market, and which region has the highest market share?
Asia-Pacific was the largest region in the bike-sharing market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bike-sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Bike Sharing Market Report 2025 Offer?
The bike sharing market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Bike sharing, also known as bicycle sharing, is a system that allows individuals to rent bicycles for short-term use. Bike sharing provides an accessible and convenient transportation option that promotes sustainable mobility, reduces congestion, and supports healthier and more active communities.
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