According to a new report published by Pristine Intelligence, titled, “China Bike Sharing Market by Bike Type, Sharing System, and User Type: Opportunity Analysis and Industry Forecast, 2022–2030,” the China Bike Sharing market size was valued at $ 5.13 billion in 2020, and is projected to reach $ 10.34 billion by 2030, registering a CAGR of 10.53 % from 2022 to 2030. The bike-sharing industry in China has experienced considerable expansion and advancement in recent years, establishing itself as a key player in the urban transportation system of the country. Due to the rise in smartphone apps and the growing need for convenient, eco-friendly transportation options, bike-sharing has gained popularity among city residents.

The market has bump into obstacles like excess supply, regulatory obstacles, and problems linked to vandalism and bike abandonment. These difficulties resulted in a phase of consolidation, as smaller competitors either left the market or joined forces with bigger corporations. Regulatory measures, such as enforcing limits on bikes and parking areas throughout the city, have been implemented to tackle these problems and promote sustainable development.

According to the China Bike Sharing market analysis, the market is divided by application, packaging type, material, and geographical division. By Bike Type, it comprises Traditional Bike, and E-bike. By Sharing System Docked, and Dockless. By User Type, it includes Tourists and Visitors, and Regular Commuters. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players to sustain a competitive environment and increase their market share.

China Bike Sharing Market, Segmentation

The bike sharing market is segmented on the basis of Bike Type, Sharing System, User Type and region & Country.

Bike Type:

The bike type segment is further classified into Traditional Bike, E-bike. The Traditional Bike segment held the major Bike Sharing market share and is likely to remain dominant throughout the Bike Sharing market forecast period. Traditional bikes have been a longstanding mode of transportation in China, deeply ingrained in its culture. They are relatively cheaper to manufacture and maintain compared to e-bikes. Moreover, traditional bikes do not require charging infrastructure, making them more accessible across various regions, including rural areas.  The familiarity and affordability of traditional bikes have been key drivers behind their dominance. Additionally, China's extensive network of bicycle lanes and bike-friendly infrastructure supports the usage of traditional bikes.

Sharing System:

The sharing system segment is further classified into Docked, and Dockless. The dockless bike-sharing systems dominated the bike-sharing market in China. Dockless systems offer users the flexibility to pick up and drop off bikes anywhere within a designated area using a smartphone app. China's rapid urbanization has led to increased demand for convenient and sustainable transportation solutions, driving the growth of bike-sharing services. High smartphone penetration rates in China facilitate the use of dockless systems, as users can easily locate and unlock bikes through mobile apps.

Country:

The Bike Sharing market in Asia-Pacific is projected to show the fastest growth by 2031. China's bike-sharing market has experienced rapid growth over the past few years, revolutionizing urban transportation and becoming an integral part of daily commuting for millions. Bike-sharing services provide convenient, affordable, and eco-friendly transportation options in densely populated cities, addressing the challenges of traffic congestion and pollution. This overview will delve into the current state of the China bike-sharing market, including its reasons for growth, key drivers, emerging trends, and potential opportunities. China's rapid urbanization has led to increased congestion and pollution in major cities. Bike-sharing offers a sustainable and efficient solution to mitigate these challenges by providing an alternative mode of transportation.

Key Players in the China Bike Sharing Market :

• • Mobike (China)
  • Ofo (China)
  • HelloBike (China)
  • Meituan Bike (China)
  • DiDi Bike (China)
  • Bluegogo (China)
  • Youon Bike (China)
  • Baibike (China)
  • Coolqi Bike (China)
  • JD Daojia Bike (China)
  • Xiaoming Bike (China)
  • U-Bicycle (China)
  • Tianjin Flying Pigeon (China)
  • Sinopec Easyjoy (China)
  • Mango Bike (China)
  • iVoka (China)
  • Liangdao (China)
  • GoFun Bike (China)
  • Qingju Bike (China)
  • Biker (China), and Other Major Players.

Key Industry Developments 

• In September 2022, Youon Technology's shares experienced a surge, hitting the exchange-imposed limit, following the launch of China's first hydrogen fuel cell bicycle. The pioneering move by the Chinese bike-sharing company offers an eco-friendly and sustainable transportation option, emitting only water vapor and heat as byproducts. The product launch reflects the increasing demand for greener mobility solutions, showcasing the potential for growth in the hydrogen fuel cell technology sector.
• In July 2021, Chinese bike-sharing giant Hello Inc. formally scrapped plans for a U.S. initial public offering, becoming one of the first big casualties of Beijing's crackdown on overseas listings. The company had requested a withdrawal of its registration for a U.S. share sale, stating that it no longer wanted to conduct the offering at that time, as per a filing made on.

Key Findings of the Study / Key Industry Developments. 

• • Traditional bikes dominate China's bike-sharing market due to their affordability, cultural significance, and compatibility with existing infrastructure.
  • Dockless sharing systems lead the market, offering users flexibility and convenience through smartphone apps.
  • The Asia-Pacific region, particularly China, is poised for significant growth in the bike-sharing market due to rapid urbanization and the need for sustainable transportation solutions.