Bike-sharing Services Market By Model (Station-Based, Dockless), By Bike Type (Conventional Bicycle, E-Bikes) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026
Market Excerpt
The global bike-sharing services market 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 high cost associated with everyday shuttles has encouraged urban crowd to opt for bike-sharing services for their daily commute. Rising popularity of bike sharing, especially among urban population has enticed several companies around the globe to invest in this business. Through 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 almost endless merit list, bike-sharing service market is expected to grow leaps and bounds during the forecast period from 2018 to 2026.
Station-based Bike Sharing Services to Continue Dominance
Trips on station-based bikes follow common commuting trends, with peaks during office hours. On the other hand, trips on dockless bikes spike in the evening after office hours and on the weekends, thereby suggesting that dockless trips are preferred by users for fun rather work. Thus, each of these models fulfills completely different needs. In 2017, the value contribution from station-based bike-sharing services was greater than dockless bike-sharing services. The value contribution of station-based bike sharing services stood at over 86% in the global bike-sharing services market 2017. The total number of dockless bikes have 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 offers more convenience for users (users need not worry about the status of stations on arrival), it gives major headaches to both local federal agencies (who must control & manage a clutter of bicycles on pedestrian ways) and system operators (who must rebalance bikes to meet requisite 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 co-ordination between cities and operators is key for successful adoption of dockless bike sharing services in the coming years.
Asia Pacific to Register Strong Growth throughout the Forecast Period
Several countries across Europe and Asia Pacific have adopted bike-sharing services on a huge scale. For instance, in China the number of bike-share rides between 2013 and 2017 outnumbered rideshare rides in the United States during the same period. Popularity of bike-sharing services in Asia Pacific and Europe are a result of cumulative efforts by the local government, federal agencies, and service providers. Investments made by the governments in setting-up reliable bike-sharing service infrastructures bodes well for the market growth in these regions. In addition, government encouragement to concepts such as smart cities and willingness to upgrade city infrastructures with minimum negative impact on the environment are instrumental in driving 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. Thus, bike-sharing services market in North America is expected gather momentum with increasing number of companies investing to gain early movers advantage.
Bicycles to Dominate; E-bikes to Register Maximum Adoption
In 2017, value generated through conventional bicycle sharing was highest in the global bike-sharing services market. It accounted for over 80% of the value generated worldwide in the same year. Relatively lower cost of conventional bicycle sharing services makes them the preferred option among commuters. Despite advancements made in range of new technologies (batteries, positioning systems, and sensing), limited availability and uneven distribution of charging stations have posed significant challenge to adoption of e-bikes for bike sharing business. To address this challenge and support 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 program 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, GOBEE.BIKE, LimeBike, Dropbike, Ofo, Beijing Mobike Technology Co., Ltd., Uber Technologies Inc., Zagster, and GrabTaxi Holdings Pte Ltd. among others.
Key questions answered in this report
- Worldwide market size for bike-sharing services in 2016 and 2017
- Estimated forecast and market projections up to 2026
- Which is largest regional market for bike-sharing services?
- Which bike segment has the largest penetration of bike-sharing services?
- Which bike-sharing business model has the largest penetration?
- Which are the key trends driving the global bike-sharing services market growth?
- Who are the leading global bike-sharing service providers worldwide?
- Key strategies adopted by the leading bike-sharing service providers worldwide
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
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)
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 %)
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