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Middle East & Africa Bike Sharing Market To Reach USD 356.72 Million By Year 2030

Middle East & Africa Bike Sharing Market Size Was Valued at USD 273.00 Million in 2022 and is Projected to Reach USD 356.72 Million by 2030, Growing at a CAGR of 3.40% From 2023-2030.

Swati Kalagate
Pristine Intelligence LLP

Market Overview:

Middle East & Africa Bike Sharing Market Size Was Valued at USD 273.00 Million in 2022 and is Projected to Reach USD 356.72 Million by 2030, Growing at a CAGR of 3.40% From 2023-2030.

Bicycle sharing, a system enabling individuals to rent bikes for short periods affordably, has emerged as an innovative solution for urban transportation in the Middle East and Africa (MEA). This approach offers convenient, eco-friendly mobility, catering to the region's efforts to ease traffic congestion, encourage healthier lifestyles, and curb carbon emissions. Bike-sharing services in the MEA region find diverse applications, serving short commutes, sightseeing, exercise, and leisure. They particularly excel in providing a last-mile connectivity option, efficiently bridging the gap between transit stops and final destinations for commuters using public transport.

Encouraged by increasing urbanization, growing environmental consciousness, and government backing for sustainable transport, the MEA bike-sharing market displays promising growth. Nations like the United Arab Emirates, South Africa, and Morocco witness the establishment and growth of bike-sharing networks, often through collaborations between public and private entities.

Top Key Players Covered in The Bike-Sharing Market:

    • Careem Bike
    • Cyacle
    • ArborBike
    • Nextbike
    • Donkey Republic
    • GoBike
    • Nablus Bike Share
    • Bbox
    • Mobike
    • HelloRide
    • EasyWheels
    • PBSC, and Other Major Players

Market Dynamics and Factors:           

The Middle East and Africa are experiencing a growing trend centered on prioritizing cycling infrastructure and promoting a biking culture. This movement is fueled by various advantages that specifically cater to the region's distinct needs and challenges. Enhancing accessibility and ensuring safety are crucial factors. The introduction of dedicated cycling lanes tackles safety issues prevalent in crowded urban areas, encouraging both families and commuters to adopt cycling as a dependable mode of transportation. Implementing measures like roundabouts for traffic calming purposes not only improves safety but also creates a conducive environment for cyclists and pedestrians alike.

The Middle East and Africa are expected to hold great potential for advancing their bike-sharing markets by embracing cutting-edge technologies, aiming to enhance user experiences and expand market reach. The integration of advanced technologies offers a promise of increased convenience and efficiency, particularly vital in regions seeking to streamline transportation systems. Innovative smart locking systems, utilizing RFID or Bluetooth, enable swift and hassle-free bike access, reducing waiting times for users. Mobile apps providing real-time bike availability and trip tracking empower users with immediate information, simplifying planning and utilization of bike-sharing services. Furthermore, offering various payment options aligns with the region's digitalization trends, making transactions more straightforward. Merging bike-sharing with other transportation modes significantly enhances accessibility and convenience. This multimodal integration facilitates seamless connections between bikes and public transport, addressing the common challenge of last-mile commuting in many cities across the Middle East and Africa.

The Bike Sharing Market Report Highlight:

    • By Type, the Traditional Bike segment is expected to dominate the market during the forecast period. Traditional bikes are considerably more affordable than e-bikes, making them accessible to a broader consumer base, particularly in regions with lower average incomes. The cost-effectiveness of traditional bikes appeals to many individuals, especially in areas where economic constraints prevail.
    • By Sharing Type, the Dockless segment held the largest share of 70% in 2022. The flexibility and convenience offered by dockless systems stand as a primary driver of their dominance. Users appreciate the freedom to locate and drop off bikes within specified zones without the constraints of fixed docking stations. This flexibility is especially appealing in densely populated urban areas where finding available docking points can be challenging with docked systems.
    • By Country, The United Arab Emirates (UAE) has emerged as a frontrunner in the bike-sharing market within the Middle East and Africa region, holding a substantial market share of approximately 25%. This leading position owes itself to several influential factors that have propelled the growth and adoption of bike-sharing initiatives within the country.

Key Industry Development:

In April 2023, Careem Bike appointed PHAR as its exclusive partnership agency. PHAR Partnerships is thrilled to officially announce its appointment by Careem BIKE as its exclusive partnership agency. Careem BIKE aims to enhance livability through sustainable, eco-friendly transport, boasting 175 stations and 1,750 E-Bikes in Dubai, and expanding to 65 stations and 700 E-Bikes. PHAR launched the Careem Bikeshare Partnership Programme to collaborate with firms aligning with the UAE's eco-transport vision.

In October 2023, Careem Bike, integrated into the Careem Everything App, played a significant role in environmental sustainability by offsetting a substantial 2,976,482 tons of CO2, akin to the emissions of 834 cars. This initiative aligns with the UAE's ambitious objective to slash emissions by 40% before 2030.

The Bike-Sharing Market Segmentation:

By Type

    • Traditional Bike
    • E-bike

 By Sharing Type

    • Docked
    • Dockless
    • Hybrid

 By Model

    • Free-floating
    • P2P
    • Station based

For this report, Introspective Market Research has segmented the Bike Sharing Market based on region:

North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Russia
    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • Singapore
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
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