Home About Us Industry Report Store Resources Contact us

UK Bike Sharing Market Research Report 2023

UK Bike Sharing Market Size By Bike Type (Traditional Bike, E-bike) Sharing System (Docked, Dockless) User Type (Tourists and Visitors, Regular Commuters) and Country Market Analysis and Forecast, 2023-2030

0/5
( 0 votes )

Report ID: 175

Categories: Service Industry

Format :

Summary TOC Segmentation Methodology

UK Bike Sharing Market Synopsis

UK Bike Sharing is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

  • Bike sharing in the UK has experienced significant growth in recent years as cities strive to improve air quality, reduce congestion, and promote healthy transportation alternatives. Major bike sharing schemes have been implemented in various cities across the country, making it easier for residents and visitors to access bikes for their commutes or leisure rides.
  • One of the most well-known bike sharing programs in the UK is Santander Cycles, previously known as Boris Bikes, which operates in London. Santander Cycles has a vast network of docking stations, with thousands of bikes available for rental. Users can register for a membership or make use of a pay-as-you-go option to access the bikes.
  • Nextbike is another popular bike sharing scheme, particularly in Cardiff. With its distinctive yellow bikes, Nextbike offers an affordable and convenient option for locals and tourists to explore the city. Nextbike allows users to locate and unlock bikes through their app, making the process quick and straightforward.
  • Edinburgh also has its own bike sharing program called Citybike. It provides bicycles for rent at various locations across the city. Users can access the bikes through a smartcard or mobile app, allowing for seamless pick-up and drop-off.

Top Key Players:

"Santander Cycles (UK), Lime (US), Jump Bikes (US), Mobike (China), Ofo (China), Nextbike (UK), Beryl (UK), Donkey Republic (Denmark), Pony Bikes (Australia), Brompton Bike Hire (UK), Urbo (Ireland), YoBike (UK), Freebike (UK), HumanForest (UK), Voi (Sweden), Bolt Bikes (Australia), CityBike (UK), Indigo Weel (France), Byke (Germany), Linka (UK) and Other Major Players."

UK Bike Sharing Market Trend Analysis

The Increasing Urbanization in the UK

  • The increasing urbanization in the UK has been a significant driver of the growth and popularity of bike-sharing services. Urbanization refers to the process of population growth and concentration in cities, resulting in higher population densities in urban areas compared to rural regions.
  • Urban areas with dense populations often face significant traffic congestion, leading to longer commute times and increased air pollution. Bike-sharing offers an alternative mode of transportation that allows people to navigate through traffic more efficiently, particularly for short-distance trips.
  • In densely populated cities, parking space is often limited and expensive. Bike-sharing eliminates the need for individuals to find parking spots for their private vehicles, making it a more convenient option for short-distance travel.
  • In urban areas, people often rely on public transportation for longer commutes. However, getting to and from public transport stations can be challenging, particularly if they are not within walking distance. Bike-sharing fills the "first-last mile" gap, providing a convenient way for commuters to reach their final destinations after using buses, trains, or subways.

Increasing Popularity and Acceptance of Bike-Sharing in the UK

  • The increasing popularity and acceptance of bike-sharing in the UK present several opportunities that can positively impact various aspects of urban living and transportation. Bike-sharing offers an excellent opportunity to promote sustainable urban mobility. As more people opt for bike-sharing, there is a decrease in the use of traditional fossil fuel-powered vehicles for short-distance trips.
  • The increasing use of bike-sharing encourages more people to engage in regular physical activity. Cycling is a low-impact exercise that promotes cardiovascular health, reduces the risk of obesity, and improves overall fitness levels. A healthier population can lead to reduced healthcare costs and improved productivity.
  • The growth of bike-sharing creates economic opportunities for various stakeholders. Bike-sharing companies generate revenue through membership fees and usage charges. Local businesses can benefit from increased foot traffic and opportunities to provide services related to bike maintenance, accessories, and tourism.
  • In conclusion, the increasing popularity and acceptance of bike-sharing in the UK open up a range of opportunities to create more sustainable, connected, and vibrant urban environments. Embracing these opportunities can lead to significant benefits, including improved air quality, enhanced public health, reduced congestion, and a stronger sense of community.

UK Bike Sharing Market Segment Analysis

UK Bike Sharing market segments covers the Bike Type, Sharing System, and User Type. By Bike Type, E-bike segment is Anticipated to Dominate the Market Over the Forecast Period.

  • The E-bike segment is anticipated to dominate the UK bike-sharing market over the forecast period. E-bikes, also known as electric bikes, have been experiencing growing popularity and demand due to their numerous advantages, which make them an attractive choice for bike-sharing services.
  • E-bikes offer electric-assisted pedaling, making cycling less physically demanding, especially for longer distances or challenging terrains. This convenience and accessibility appeal to a broader range of users, including those who may not typically consider traditional biking.
  • E-bikes have a longer range compared to traditional bikes, enabling riders to cover more significant distances without becoming fatigued. This extended range makes E-bikes suitable for commuters traveling to work or running errands in urban areas. E-bikes can reach higher speeds than traditional bikes, allowing users to reach their destinations more quickly.
  • E-bikes make cycling more accessible to individuals who may have physical limitations or prefer a less strenuous mode of transportation. This inclusivity expands the potential user base for bike-sharing services.

Country Analysis of The UK Bike Sharing Market

England is Expected to Dominate the Market Over the Forecast Period.

  • England, as the largest and most populous country within the United Kingdom. Also, England is home to some of the UK's largest and most populous cities, such as London, Manchester, Birmingham, and Liverpool. These urban centers offer a significant market potential for bike-sharing services, as they have high population densities and face challenges related to traffic congestion and pollution.
  • As the capital city and economic hub of the UK, London has the most developed and extensive bike-sharing system. The Santander Cycles (Boris Bikes) scheme in London is one of the most well-known and widely used bike-sharing services in the country.
  • England's government and local authorities have been increasingly promoting sustainable transportation options, including bike-sharing, to address environmental concerns and promote healthier urban mobility. This support creates a conducive environment for bike-sharing operators to thrive.

COVID-19 Impact Analysis on Bike Sharing Market

  • The pandemic brought about several changes in consumer behavior, transportation patterns, and government regulations, affecting bike-sharing operators and users. During the early stages of the pandemic, the demand for bike-sharing services decreased as people followed stay-at-home orders, worked remotely, and limited non-essential travel.
  • As people avoided public transportation to reduce the risk of infection, some individuals turned to bike-sharing as a safer and socially distanced alternative for short trips. Bike-sharing provided a means of transportation that allowed for physical distancing while avoiding crowded spaces.
  • The travel restrictions and decline in international tourism negatively impacted bike-sharing services in tourist-heavy cities like London and Edinburgh. With fewer tourists visiting the UK, there was a reduction in bike-sharing usage in popular tourist destinations.
  • As lockdown measures eased and vaccination efforts progressed, the bike-sharing market began to show signs of recovery. As people resumed more activities outside their homes, bike-sharing experienced a gradual increase in demand.

The revenue of the UK bike-sharing market experienced steady growth from 2018 to 2019, with a slight increase in revenue during those years. However, in 2020, considered the COVID-19 year, there was a significant spike in revenue, reaching 64.07 million USD. The pandemic prompted people to seek safer and socially distanced transportation options, leading to a surge in demand for bike-sharing services. Despite the challenges posed by the pandemic, bike-sharing provided a viable and eco-friendly solution for short trips and commuting. However, in 2021 and 2022, the revenue declined compared to the peak in 2020, indicating a return to more traditional travel patterns as COVID-19 restrictions eased.

Top Key Players Covered in The Bike Sharing Market

  • Santander Cycles (UK)
  • Lime (US)
  • Jump Bikes (US)
  • Mobike (China)
  • Ofo (China)
  • Nextbike (UK)
  • Beryl (UK)
  • Donkey Republic (Denmark)
  • Pony Bikes (Australia)
  • Brompton Bike Hire (UK)
  • Urbo (Ireland)
  • YoBike (UK)
  • Freebike (UK)
  • HumanForest (UK)
  • Voi (Sweden)
  • Bolt Bikes (Australia)
  • CityBike (UK)
  • Indigo Weel (France)
  • Byke (Germany)
  • Linka (UK) and Other Major Players.

Key Industry Developments in the UK Bike Sharing Market

In January 2023, nextbike UK Ltd merged with TIER Operations Ltd, uniting their efforts to make bike sharing an essential part of urban and regional mobility as a single company. Over the past year, the two companies had already been collaborating on their shared mission of "Changing Mobility for Good," and they continued to do so following the merger.

In October 2022, Electric bikes were added to Transport for London's (TfL) cycle hire scheme, marking a momentous moment for cycling in the capital, according to Mayor Sadiq Khan. TfL made 500 e-bikes available to hire from 800 Santander Cycles docking stations. The cost was £3.30 per 30-minute ride, which was twice the price of standard bikes.

UK Bike Sharing Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2021

Market Size in 2022:

USD XXX Bn.

Forecast Period 2023-30 CAGR:

XXX%

Market Size in 2030:

USD XXX Bn.

Segments Covered:

By Bike Type

  • Traditional Bike
  • E-bike

By Sharing System

  • Docked
  • Dockless

By User Type

  • Tourists and Visitors
  • Regular Commuters

Frequently Asked Questions

What would be the forecast period in the Bike Sharing Market research report?

The forecast period in the Bike Sharing Market research report is 2023-2030.

Who are the key players in Bike Sharing Market?

Santander Cycles (UK), Lime (US), Jump Bikes (US), Mobike (China), Ofo (China), Nextbike (UK), Beryl (UK), Donkey Republic (Denmark), Pony Bikes (Australia), Brompton Bike Hire (UK), Urbo (Ireland), YoBike (UK), Freebike (UK), HumanForest (UK), Voi (Sweden), Bolt Bikes (Australia), CityBike (UK), Indigo Weel (France), Byke (Germany), Linka (UK) and Other Major Players.

What are the segments of the Bike Sharing Market?

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

What is the Bike Sharing Market?

Bike sharing in the UK has experienced significant growth in recent years as cities strive to improve air quality, reduce congestion, and promote healthy transportation alternatives. Major bike sharing schemes have been implemented in various cities across the country, making it easier for residents and visitors to access bikes for their commutes or leisure rides.

How big is the Bike Sharing Market?

Bike Sharing Market is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

Select Licence Type

Single User

US$ 1800

Corporate User

US$ 2650

Excel Datapack

US$ 1500

Yearly Membership/Subscription

Connect with our sales team

Why Pristine Intelligence

100%

Customer
Satisfaction

24x7+

Availability - we are always
there when you need us

200+

Fortune 50 Companies trust
Pristine Intelligence

80%

of our reports are exclusive
and first in the industry

100%

more data
and analysis

1000+

reports published
till date