The Bike and Scootersharing Telematics Market 3rd Edition

The Bike and Scootersharing Telematics Market 3rd Edition

The Bike and Scootersharing Telematics Market is the third strategy report from Berg Insight analysing the latest developments on the connected micromobility markets worldwide. This strategic research report from Berg Insight provides you with 125 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

The Bike and Scootersharing Telematics Market 3rd Edition

Passenger cars and light trucks are the main modes of transportation in most industrialised countries. The vast majority of car trips in metropolitan areas are drive-alone trips with only one person in the car and vehicles are used for only about one hour per day on average. Bikesharing and scootersharing are shared micromobility services that have become available for people that want to complement other modes of transportation. Examples of other mobility services include traditional carsharing, carpooling, ridesharing, taxi and ridesourcing services. Many of these mobility services aim to decrease the cost of transportation, create convenience through fewer ownership responsibilities, as well as reduce congestion and environmental impact.

Micromobility includes shared mobility services in urban areas that offer short-term rentals of light vehicles such as bikes, scooters or other similar vehicles to paying members or communities. The services aim to reduce urban congestion as well as car usage and car ownership to improve the inner-city landscape and reduce air pollution. Usage is typically billed by the minute/hour with rates that include parking, fuel or charging and maintenance. The services are generally used for short trips between 0–10 kilometres. Bikesharing is a kind of decentralised bicycle rental service, usually focusing on short term rentals that supplements other modes of transport including walking and public transport. Scootersharing services offer motorised scooters. The vehicles are usually sit-down electric scooters or stand-up electric scooters. Today, most operators use two operational models – free floating and station-based. The station-based operational model enables members to pick up and return the vehicle at any designated station in a city. The free floating operational model is rapidly gaining users and rides. Free floating services mean that vehicles can be picked up and dropped off anywhere within a designated area.

New technologies in the form of telematics systems and smartphones are key enablers of bikesharing and scootersharing micromobility services. Free floating services mostly encompass a telematics system that comprises an on-board computer and a telematics device for capturing trip data, enable fleet management and grant access to the vehicle through a smartphone app. Software platforms include complete systems that can support all the operational activities of a micromobility operation ranging from management of in-vehicle equipment, fleet management, booking management, billing, as well as operations supervision via dashboards and data analytics. Leading vendors of micromobility technology such as connected bike locks, infrastructure for station-based bikesharing and software platforms include Conneqtech, Nextbike, Fifteen, Vaimoo and PBSC. Leading micromobility telematics solution players include Comodule, Drover AI, Invers, Luna Systems and Vulog.

Berg Insight estimates that the total shared micromobility fleet worldwide reached approximately25.3 million vehicles at the end of 2022. Free floating bikesharing was the most dominant servicein terms of deployed vehicles. Berg Insight forecasts that the bikesharing fleet will reach 35.2million globally by the end of 2027 and the scootersharing fleet comprising both sit-down andstand-up scooters will then reach approximately 3.0 million vehicles. The regulatory environmentwill have a considerable impact on the future for this market. Regulators decide the types ofvehicles allowed on the road, helmet requirements as well as award operator licenses that limitthe number of operators and vehicles allowed.

Commercial micromobility services are offered by specialist bikesharing and scootersharingcompanies, local governments, public transport operators as well as other shared mobilityoperators. Examples of leading free floating bikesharing operators include Meituan Bike,Hellobike and Didi (Qingju). Station-based bikesharing operators include Nextbike, BixiMontreal, Forest, Call a Bike by DB Connect, Docomo Cycle, Hello Cycling, JCDecaux, Mevoand Tembici. Leading sit-down scootersharing operators include Vogo and Yulu in India; MartiTechnologies in Turkey; Cooltra, Cityscoot, Felyx, Emmy and Check in Europe; Revel in NorthAmerica as well as GoShare and WeMo in Taiwan. Stand-up scootersharing services was firstlaunched in 2017–2018. The market has grown significantly during the past years and the leadingoperators in this segment include Tier Mobility, Bolt, Voi Technologies, Lime, Bird, SwingMobility, Urent and Whoosh. There has been significant M&A activity on this market in recentyears, involving diverse players from many parts of the ecosystem. A notable deal in 2023 wasBird’s acquisition of Spin from Tier Mobility