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UAE Bike Sharing Market To Reach USD 140.72 Million By Year 2030

UAE Bike Sharing Market Size Was Valued at USD 99.56 Million in 2022 and is Projected to Reach USD 140.72 Million by 2030, Growing at a CAGR of 4.42 % From 2023-2030.

Swati Kalagate
Service Industry
Pristine Intelligence LLP

Market Overview:

UAE Bike Sharing Market Size Was Valued at USD 99.56 Million in 2022 and is Projected to Reach USD 140.72 Million by 2030, Growing at a CAGR of 4.42 % From 2023-2030.

In Vienna, UAE, the bike-sharing market thrives amidst the blend of history and modernity. Citybike Vienna's strategically located stations offer locals and tourists easy access to bikes, enabling them to explore the city's cultural landmarks effortlessly. Tourists can now pedal through Schönbrunn Palace's gardens, immersing themselves in Vienna's imperial history while enjoying the freedom of cycling. UAE's growing environmental awareness and efforts to reduce carbon emissions have contributed to expanding the bike-sharing market. Travelers choosing shared bikes actively participate in building a greener future as they traverse Vienna's streets. Government and local initiatives promoting bike-sharing systems have also played a significant role in encouraging this eco-friendly mode of transportation.

Top Key Players Covered in The UAE Bike-Sharing Market:

    • Citybike Vienna (UAE)
    • Nextbike (Germany)
    • Donkey Republic (Denmark)
    • oBike (Singapore)
    • Swapfiets (Netherlands)
    • Bike Citizens (UAE)
    • Mobike (China)
    • Lime (US)
    • Pony Bikes (UAE)
    • Greenstorm (UAE)
    • RegioRadSteyr (UAE), and Other Major Players

Market Dynamics and Factors:           

Government initiatives to promote sustainable transportation have played a pivotal role in driving the popularity and growth of bike-sharing services in UAE. Acknowledging the pressing need to tackle environmental issues, alleviate traffic congestion, and encourage eco-friendly mobility solutions, UAE governments have taken proactive measures to endorse bike-sharing as a sustainable transport mode. Through the expansion and enhancement of dedicated bike lanes, the establishment of bike-sharing stations, and the provision of safe cycling routes, the government has rendered bike-sharing more convenient and attractive for the populace.

The UAE government has introduced various financial support mechanisms to incentivize both bike-sharing operators and users. Subsidies and grants are allocated to bike-sharing companies to augment their fleets, establish new stations, and improve service quality. Integrating bike sharing with other transportation modes presents a significant opportunity for market expansion and enhanced convenience.

The UAE Bike Sharing Market Report Highlight:

    • By Type, the E-bike segment has emerged as a prominent player, offering users enhanced convenience and efficiency. E-bikes, equipped with electric motors, provide riders with assisted pedaling, making uphill climbs and longer distances more manageable. This segment caters to individuals seeking a faster and less strenuous cycling experience. With rising demand for sustainable transportation options, E-bikes have gained popularity, reflecting a growing trend towards eco-friendly mobility solutions in UAE's urban landscapes.
    • By Sharing System, Dockless sharing system segment has emerged as the dominant force. This dominance can be attributed to several factors. Firstly, dockless systems offer greater flexibility and convenience to users, allowing them to pick up and drop off bikes at various locations without the constraint of fixed docking stations.

Key Industry Development:

In February 2022, Bikmo Bike Shop Insurance was officially launched, marking the introduction of a new and exclusive product and service for cycle retailers seeking a personalized and specialized approach to business insurance. The launch follows more than a year of dedicated efforts, during which the team diligently worked to create a policy that offers comprehensive coverage without being overly burdensome on the budget.

In January 2022, Donkey Republic aimed to raise €3M in debt capital through Oneplanetcrowd for 2022 fleet expansions. The expansion of their fleet via debt financing was a crucial element of Donkey Republic's business plan, as previously communicated. The company sought to enhance its engagement with the local rider community in one of its key markets by utilizing a crowdsourcing platform like OPC.

The UAE Bike Sharing Market Segmentation:

By Bike Type

    • Traditional Bike
    • E-bike

By Sharing System

    • Docked
    • Dockless

By User Type

    • Tourists and Visitors
    • Regular Commuters

For this report, Pristine Intelligence Research has segmented the UAE Bike Sharing Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

 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
Pristine Intelligence LLP

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