Global e-Bike Sharing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global e-Bike Sharing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

e-Bike Sharing is a service in which e-Bike are made available for shared use to individuals on a short-term basis for a price or free. Many bike share systems allow people to borrow a e-Bike from a dock and return it at another dock belong to the same system.

Market Overview:

The latest research study on the global e-Bike Sharing market finds that the global e-Bike Sharing market reached a value of USD 269.61 million in 2022. It’s expected that the market will achieve USD 757.71 million by 2028, exhibiting a CAGR of 18.79% during the forecast period.

There are certain security risks

Due to the extremely low cost of damage and the difficulty of supervision, the shared electric bike is prone to failure, which makes the user vulnerable to injury during use. Traffic accidents occur frequently. The existence of such safety hazards has led some people to refuse to use shared electric bikes. In the case of frequent security incidents, the claim process is complex, which not only has a certain negative impact on the image of the industry, but also has a negative impact on the profitability of the industry companies.

High maintenance costs

Due to the large amount of delivery, the cost of destruction is low. Therefore, in some areas, the shared electric bike is easily damaged, and the service provider needs to frequently repair and replace the placed vehicle. The cost on the hardware is part of it. In the later stage, it is necessary to track and locate the vehicles to be placed, and manage the parking lot of the electric bike.

Gradually launch better quality models

Currently, due to policy and market control in some regions, the number of shared motorcycles in some regions is limited. Service providers should demand more energy efficient solutions and environmentally friendly models, as well as different models depending on the age of the user or the intended use. Thereby occupying a larger share in the market.

Seeking a more rational operating model

The current mode of sharing electric bicycles is carried out by the company and is profitable through the cash flow of deposits. After a period of operation, the economies of scale brought by open source and expenditure will become one of the profit points of service providers. Cooperating with advertisers to advertise is also one of the profit points for sharing electric bicycles. In the subsequent development, due to different delivery points, more targeted advertising can be launched. At present, urban areas are the main place to share electric bicycles, but rural suburbs may have more demand for sharing electric bicycles, and can also be considered as one of the development trends.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:

Mifengchuxing Inc. is one of the major players operating in the e-Bike Sharing market, holding a share of 24.09% in 2018.

Mifengchuxing Inc.

Beijing Bee Travel Technology Co., Ltd. is an operator that provides urban pile-free electric bicycle sharing services, and is committed to providing convenient travel services for urban residents.

Shanghai Jun Zheng Network Technology Co., Ltd.

Shanghai Junzheng Network Technology Co., Ltd. develops and provides a bicycle sharing mobile application. Its application promotes the development of the shared bicycle segment market through the cooperation with the traditional car rental businesses and scenic spot supervision agencies of the tourist attractions. The company was founded in 2016 and is headquartered in China.

Segmentation Overview:

As for product types, the Pedelecs segment held the largest market share in 2021.

Fully Electric Bike

An electric bike, also known as an e-bike, powerbike or booster bike, is a bike with an integrated electric motor which can be used for propulsion. E-bikes use rechargeable batteries and the lighter ones can travel up to 25 to 32 km/h (16 to 20 mph), depending on local laws, while the more high-powered varieties can often do in excess of 45 km/h (28 mph).

Pedelecs

A pedelec (from pedal electric cycle) is a bike where the rider's pedalling is assisted by a small electric motor; thus, it is a type of low-powered e-bike. However, unlike some other types of e-bikes, pedelecs are classified as conventional bikes in many countries by road authorities rather than as a type of electric moped. Pedelecs include an electronic controller which cuts power to the motor when the rider is not pedalling or when a certain speed – usually 25 km/h (16 mph) – is reached. Pedelecs are useful for people who ride in hilly areas or in strong headwinds.

Application Overview:

By application, the Business District segment occupied the biggest share from 2017 to 2022.

Business District

A business district is a concentration of commercial activity in a metropolis that may be both downtown, or part of the city centre, or even outside the city centre. Generally speaking, in a city with a long history, the business district is often part of the city center, or a new urban area outside the city center, and in the emerging city, the business center area is often the city center. The business district usually has a low concentration of office buildings, many commuters, and a large amount of public transportation.

Industrial Area

Industrial zone refers to the planning of urban development strategy level. It is necessary to determine industrial land of various natures, such as machinery, volunteers, and manufacturing industries. The various industries are arranged in different sections to form various industrial zones. Industrial areas usually have large areas, and direct access to transportation in different parks also requires a large amount of transportation.

School

A school (or a college) is an institution that provides a learning environment for teachers and students, and promotes knowledge and value systems for students through specific educational methods. At present, most countries have a formal education system and sometimes provide compulsory education to the citizens. Schools include universities and colleges. This type of school usually has a large area and is used by public transportation.

Key Companies in the global e-Bike Sharing market covered in Chapter 3:

Ofo Inc.
Mangobike
Beijing Mobike Technology Co., Ltd
BikeMi
Bycyshare Technologies Private Limited
Lyft Inc.
Spin
Uber Technologies Inc.
Lime Bike
Bonopark
Barcelona de Serveis Municipals, S.A.
Vélo'v
Shanghai Jun Zheng Network Technology Co., Ltd.
Mifengchuxing Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the e-Bike Sharing market from 2018 to 2029 is primarily split into:

Pedelecs
Fully Electric Bike

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the e-Bike Sharing market from 2018 to 2029 covers:

Business District
Industrial Area
School
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)