Global Shared Bicycle Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Shared Bicycle Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Shared Bicycle Service market finds that the global Shared Bicycle Service market reached a value of USD 5061.52 million in 2022. It’s expected that the market will achieve USD 11235.0 million by 2028, exhibiting a CAGR of 14.21% during the forecast period.

Environmental and health issues of increasing concern

With the improvement of cultural literacy, people pay more attention to environment and health, and consumers have a preference for energy-saving transportation solutions, which promotes the development of Shared Bicycle Service market. Cars that travel daily consume oil and emit a lot of carbon dioxide. Meanwhile, the dust raised by cars is also harmful to people's respiratory tract. Bike-sharing doesn't have these concerns, but can also play the role of physical exercise to a certain extent.

As the pollution and noise emissions in several cities in India are rising, India has begun to develop bike-sharing service industry. For this reason, the government has also developed special bicycle lanes to ensure the maximum safety of pedestrians and cyclists and contribute to the expansion of the industry.

Popularization of facilities in bike-sharing

Because bike-sharing is friendly to the environment and helps to reduce traffic flow. It has attracted the attention of government departments, and the government has taken more and more actions to develop reliable bicycle sharing infrastructure. In addition, the popularity of smart cities around the world has promoted the growth of bike-sharing's service market. Governments in various countries are subsidizing service providers to develop sites and expand their coverage to a large number of commuters. With the attitude of the government and the profitability of the market, more and more industry participants have increased their investment in this market, and the investment in bike-sharing has further increased. The popularity of facilities in bike-sharing has promoted the development of the market to a certain extent.

Risk of vandalism and theft

The main factor hindering the development of the industry is the increase of bicycle damage and theft. Because bike-sharing has no one to supervise at all times, and it is not its own property, the public's awareness of caring for it is not so strong, and the degree of damage caused by bike-sharing at home is treated at will in the process of using it. In addition, there are still some people who take advantage of the loopholes in bike-sharing to bring them home for their own use. For example, Mobike gave up its service in Manchester in September 2018 due to a large number of bicycle losses caused by theft and vandalism in the city.

Region Overview:

In 2022, the share of the Shared Bicycle Service market in China stood at 33.66%.

Company Overview:

Mobike is one of the major players operating in the Shared Bicycle Service market, holding a share of 11.38% in 2020.

Mobike

Mobike provides an affordable way to share transportation for convenient short-distance travel in cities, while reducing traffic congestion and the city's carbon footprint.

Hellobike

Hello Travel is a leading professional mobile travel platform in China, which is dedicated to providing users with convenient, efficient, inclusive and safe travel tools and services. The company was established in Shanghai in September 2016. Since its establishment more than four years ago, adhering to the mission of science and technology promote the evolution of travel, with excellent innovation ability, differentiated development strategy and excellent operation ability driven by technology, Hello stands out from the fierce market competition.

Segmentation Overview:

By type, With Dock segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Personal User, with a market share of 60.09% in 2022.

Key Companies in the global Shared Bicycle Service market covered in Chapter 3:

Hellobike
Nextbike
BIXI
Divvy
Neutron Holdings, Inc.
B-Cycle
Youon
CitiBike Miami
Mobike
Bluebikes
Citi Bike
Bike Chattanooga
Nice Ride
Capital Bikeshare

In Chapter 4 and Chapter 14.2, on the basis of types, the Shared Bicycle Service market from 2018 to 2029 is primarily split into:

With Dock
Dockless

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Shared Bicycle Service market from 2018 to 2029 covers:

Personal User
Business User

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)