Market Overview:

The global Saudi Arabia Bike Sharing market size was valued at $34.19 Million in 2022, and is projected to reach $ 53.07 million by 2030, registering a CAGR of 5.65% from 2022 to 2030.

Riyadh, Jeddah, and Dammam are becoming bike-sharing hubs in Saudi Arabia due to their infrastructure and dedicated bike lanes. Companies like Mobike and Lime are competing to capture the market. However, logistical issues and cultural factors could affect cycling adoption. Targeted campaigns are needed to promote bike-sharing benefits and dispel apprehensions. The future of bike-sharing in Saudi Arabia looks promising as efforts are underway to integrate with existing public transportation networks, providing commuters with a comprehensive, interconnected mobility solution.    

According to The Bike Sharing Market is segmented into Bike Type, Sharing System, and User Type. By Bike Type, the market is categorized into Traditional Bike and E-bike. By Sharing System, the market is categorized into Docked, and Dockless. By User Type, the market is categorized into Tourists and Visitors, Regular Commuters.

The Sharing System Docked segment held the major Saudi Arabia Bike Sharing market share offering efficient docking stations for bike pickup and return. This seamless and organized experience ensures bikes are readily available at strategic locations, encouraging user participation. The reliability and convenience of docked bike sharing systems have made them a preferred choice among consumers, contributing significantly to their market leadership in the bike sharing industry.  

Urbanization has increased vehicular traffic, leading to congestion in major cities. Bike-sharing provides a faster, more efficient way to reach destinations, especially during peak hours. With limited parking spaces, bikes require less space and can be easily parked in designated racks or stations. This solution addresses connectivity challenges, complements public transit options, and provides a convenient way for commuters to reach their destinations.

Saudi Arabia Bike Sharing Market, Segmentation

The Saudi Arabia Bike Sharing market is segmented based on Bike Type, Sharing System, and User Type, and Country.

Bike Type:

The Saudi Arabia bike-sharing market is expected to dominate the E-bike segment over the forecast period due to its electric motor-powered bike type. This segment is gaining popularity globally and within Saudi Arabia due to its accessibility and appeal to a wider range of users, including those with physical limitations or those seeking a less strenuous ride experience. E-bikes attract commuters, tourists, and those seeking a comfortable and convenient transportation option. The electric motor reduces pedaling effort, allowing riders to cover longer distances and navigate challenging terrains with ease. This segmentation analysis highlights the increasing popularity of E-bikes in the Saudi Arabian bike-sharing market.

User Type:

The User Type Tourists and Visitors segment dominates the Saudi Arabia Bike Sharing market, primarily due to its convenience and cost-effectiveness. The segment's appeal lies in the ease of access, user-friendly interfaces, and flexibility of bike-sharing systems. As Saudi Arabia continues to attract more tourists and visitors, the Tourists and Visitors segment is expected to maintain its market dominance in the bike-sharing sector.

Country:

Saudi Arabia's urban centers, particularly Riyadh, Jeddah, and Dammam, offer a prime market for bike-sharing services due to their high population densities. The country's rapid urbanization has led to a demand for efficient and eco-friendly transportation options, making bike-sharing a popular choice for short-distance travel. These services provide a practical and convenient means of commuting within busy urban areas. With growing environmental awareness, there is a growing emphasis on sustainable and green transportation solutions, and bike-sharing programs are emission-free and eco-friendly, aligning with the country's commitment to reducing carbon footprints and promoting environmentally conscious practices.

Some of The Leading/Active Market Players Are-

• Mobike (China)
• Lime (US)
• JUMP (US)
• Hellobike (China)
• Nextbike (Germany)
• OBike (Singapore)
• Byky Stations (Lebanon)
• MTB (Mobility Technologies Business) (Saudi Arabia)
• QQA Bike (Saudi Arabia)
• Tel Bikes (Saudi Arabia), and Other Active Players

Key Industry Developments

• In September 2021, Lime announced the continuation of their ongoing partnership with N26, offering riders two free months of Lime Prime, their subscription service designed to enhance the micromobility experience for commuters and everyday riders. The offer was made available to EMEA-based* N26 cardholders, allowing them to unlock the two free months of Lime Prime by connecting their N26 account to the Lime app, setting it as their default payment option, and then signing up for Lime Prime.

Key Findings of the Study 

• Recycled content E-bike held the major share in the market accounting near 60% of the total Saudi Arabia Bike Sharing market.   
• The European region is expected to continue to lead the market followed by North America during the forecast period.

The North America along with Asia-Pacific account for more than half of the total share in 2020.