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US Bike Sharing Market To Reach USD 377.49 Million By Year 2030

US Bike Sharing Market Size Was Valued at USD 318.67 Million in 2022, and is Projected to Reach USD 377.49 Million by 2030, Growing at a CAGR of 2.14% From 2023-2030.

Swati Kalagate
Service Industry
Pristine Intelligence LLP

Market Overview:

US Bike Sharing Market Size Was Valued at USD 318.67 Million in 2022, and is Projected to Reach USD 377.49 Million by 2030, Growing at a CAGR of 2.14% From 2023-2030.

The US bike-sharing market encompasses the provision of short-term bicycle rentals to the public, catering to urban dwellers seeking eco-friendly transportation options. Offering both pay-as-you-go and subscription models, bike-sharing services facilitate short-distance trips within cities, promoting sustainability and reducing traffic congestion. With significant growth in metropolitan areas, these systems feature both docked and dockless options, providing flexibility for users. Docked systems utilize fixed stations for bike pick-up and return, while dockless systems leverage GPS and smart locks, allowing bikes to be rented from various locations. Overall, US bike-sharing programs offer an efficient and convenient solution to urban mobility challenges, fostering a greener and more accessible transportation network for city residents.

Top Key Players Covered in The US Bike Sharing Market:

    • Motivate (US)
    • Lime (US)
    • Bird (US)
    • Jump (US)
    • Citi Bike (US)
    • Divvy (US)
    • Capital Bikeshare (US)
    • Bluebikes (US)
    • Indego (US)
    • Nice Ride Minnesota (US)
    • Breeze Bike Share (US)
    • CoGo Bike Share (US)
    • Bublr Bikes (US)
    • Houston BCycle (US)
    • Bike Chattanooga (US)
    • Portland Bike Share (US)
    • WeHo Pedals (US)
    • Relay Bike Share (US)
    • Zagster (US)
    • Spin (US) and Other Major Players.

Market Dynamics and Factors:           

Increasing urbanization globally is driving a significant migration of populations from rural to urban areas, fostering the growth and expansion of cities. This shift is fueled by factors such as economic opportunities and a higher standard of living found in urban centers, attracting individuals in search of employment, better services, and enhanced quality of life. Urban areas offer diverse job markets, abundant amenities, cultural experiences, and educational institutions, catering to the preferences and needs of urban dwellers, thus perpetuating the trend of urbanization.

Simultaneously, the escalating demand for efficient transportation and mobility solutions within urban environments presents a burgeoning opportunity for various industries. With cities grappling with challenges like traffic congestion and environmental concerns, there is a pressing need for innovative solutions to address the mobility needs of the urban populace. This has spurred the rise of alternative transportation options like bike-sharing, electric scooters, and ride-sharing services, along with the increasing adoption of electric vehicles, indicating a shifting paradigm towards sustainable and shared mobility solutions in urban landscapes.

The US Bike Sharing Market Report Highlight:

    • By Bike Type, the E-bike segment is Anticipated to Dominate the Market Over the Forecast Period. E-bikes have gained significant popularity in recent years due to their numerous benefits. E-bikes are equipped with electric motors that provide pedal-assistance, making it easier for users to navigate through various terrains and cover longer distances with less physical effort. The added convenience and comfort have attracted a broader range of users, including those who may not have considered traditional bicycles.
    • By User Type, the regular commuters segment stands out as a dominant force. This segment comprises individuals who rely on bike-sharing services as a primary mode of transportation for their daily commute. With increasing concerns about traffic congestion, environmental sustainability, and the need for healthier lifestyle choices, more commuters are turning to bike-sharing as a convenient and eco-friendly option. Regular commuters are attracted to bike-sharing for its affordability, flexibility, and convenience, especially in urban areas where traffic congestion and parking are significant challenges.
    • By Country, New York is Expected to Dominate the Market Over the Forecast Period. New York City is the most populous city in the United States, with a high concentration of residents within a relatively small geographic area. The dense urban environment creates a strong demand for efficient transportation options, making US Bike Sharing a practical and convenient choice for many New Yorkers.

Key Industry Development:

In April 2023, the Portland Bureau of Transportation made an announcement stating that Biketown, Portland's bike share service, would be expanding its fleet by 30% to 2,000 electric bikes by the end of summer. In 2022, Biketown achieved a significant milestone by setting a record of more than half a million rides.

In March 2023, Capital Bikeshare added 850 e-bikes to its fleet. This marked the first iteration of a planned expansion of the regional bike-sharing system in the district since the pandemic began. In 2021, the district had announced $19 million towards a six-year plan to add 80 stations and 2,500 electric bikes.

The US Bike Sharing Market Segmentation:

By Bike Type

    • Traditional Bike
    • E-bike

By Sharing System

    • Docked
    • Dockless

By Duration

    • Short Term
    • Long Term

By User Type

    • Tourists and Visitors
    • Regular Commuters

For this report, Pristine Intelligence has segmented the US 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
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