Bike Sharing Market Size - By Bike, By Category, By Sharing System, By Business Model, By End use, Growth Forecast 2025 – 2034

Bike Sharing Market Size

The global bike sharing market was valued at USD 9 billion in 2024 and is estimated to register a CAGR of 7.6% between 2025 and 2034.
 

The growing urbanization, traffic congestion, and a shift towards the need for budget-friendly mobility options increases the demand for bike sharing. In 2022, the micro mobility market’s value was 66.4 billion USD with a projected growth of over 13% CAGR from 2023 to 2032. The population of cities across the globe surge, their traffic density increases and as a result outdates the efficiency of traditional transport systems for short distance travel. Bike-sharing services are a sustainable approach towards enhancing public transport systems, particularly for spearheading and concluding first and last mile connectivity.

Our annual NACTO report on Shared Micromobility in the U.S. and Canada showed that bike and scooter share users took a total of 157 million trips in 2023, exceeding the prior record of 147 million set in 2019. The trend towards environmentally friendly, economical transport fuels the adoption of bike-sharing systems even further. To address their carbon concerns, a significant number of commuters are choosing zero-emission modes of travel which enables them to save on travel expenses. Additionally, the introduction of e-bike sharing schemes has expanded the range of micro-mobility by solving rider fatigue problems; thus, bike-sharing is possible over greater distances and within more hilly areas.
 

The addition of smart features, particularly GPS, IoT based locks, and mobile payment options have made it more convenient for users, therefore increasing retention and engagement rates in bike-sharing programs. Firms and learning institutions have also adopted bike-sharing systems for their sustainability and employee wellness programs. An increasing number of businesses have started establishing corporate bicycle sharing schemes with the aim of encouraging active commuting and reducing greenhouse gas emissions. University students are also able to benefit from some universities' bicycle sharing programs designed to improve mobility and reduce dependence on cars and campus buses.
 

Bike Sharing Market Trends

• IoT has merged successfully into bike-sharing services, resulting in better security, exceptional efficiency, and enhanced user experiences. However, vandalism and theft are troublesome issues for bike-sharing programs causing extensive operational and replacement inefficiencies. Many firms are adopting these technologies to enhance bike-sharing services. For instance, Nextbike commenced cooperation with 1NCE Connect which offers IoT solutions. The operators now monitor the location of the fleet in real-time, which makes any potential theft a very costly and uncomfortable exercise.
   
• The embedded GPS, RFID, cellular communication, and tracking devices transform shared bikes into in-serviced bikes forever, guaranteeing that the bikes are not dumped into no-service zones. They not only enable bike visibility, but they also make it possible to optimize fleet bike servicing locations as well. Bicycles are strategically positioned in points of high demand, while locations with low demand are served. Hence, overall service effectiveness is maximized.
   
• Anti-theft IoT technology tracking mechanisms have changed the security landscape of the bike-sharing industry. Most bike-sharing services today use remote smart locks that utilize geofencing to restrict the user parking of bikes to certain areas. The locks are remotely activated or deactivated through an app by verified users with payment access.
   
• In addition, other sensors are also able to detect vandalism or forcible removal of the bikes and alert operators immediately. This advancement has curtailed theft and unauthorized usage of shared bikes, increasing their durability as well as the profit margin for service operators. There are also plans to integrate fraud and misuse of shared bikes with blockchain ownership verification to track usage and ownership history.
   
• IoT-enabled tracking systems enhance security measures and provide accurate data analytics as well as predictive maintenance forecasts that improve service dependability. Through data collection on riding habit metrics such as bike riding frequency and component wearing patterns, operators can optimize maintenance schedules, which, in turn, reduces downtime and promotes a seamless user experience. This approach extends the lifespan of shared bikes, increases ROI, while also making sure users are safe.
   
• Businesses are efficiently allocating bikes based on predicted usage trends with real-time demand forecasting enabled by AI-powered integrations. The continual utilization of IoT tracking and anti-theft systems by the cities and bike-sharing companies will lead to an increase in market growth due to improved security, fleet management, and overall customer satisfaction.
   

Bike Sharing Market Analysis

Based on bikes, the bike sharing market is divided into conventional bikes and e-bikes. The conventional bikes segment held a market share of over 80% and is expected to cross USD 14 billion by 2034.
 

• Conventional bikes are both cost-effective and easy to use. Utilizing regular bicycles does not require spending on batteries, charging facilities, or even periodic maintenance, which makes them budget-friendly for both consumers and providers. These affordable measures enable bike-sharing operators to deploy sizable fleets in multi-layered metropolitan areas at a reasonable fee which lower the rental cost and entice different types of customers, such as average commuters, sightseeing tourists, and recreational riders.
   
• For instance, in May 2024, TVS Motor Company’s recent expansion into Italy, where it intends to sell new conventional and electric scooters and motorcycles, signifies a shift towards more inclusive mobility solutions. This move demonstrates how big players understand the enduring need for regular two-wheelers, which are, consequently, essential to both private and public shared mobility systems.
   
• In addition, the reduced lifespan and mechanical intricacy of e-bikes help to lower operational expenses and aid in fleet management. Many cities prefer them due to the comparatively lower regulatory barriers relative to e-bikes which simplifies deployment and expansion. 
   
• There exists a large assortment of bike-sharing programs in cities where biking is common, and traditional bikes fit easily into the bike lanes and cycling stations. The public, especially tourists who travel within a city, find traditional bikes very useful and easy to operate for users of all ages because they do not have to deal with a battery system and its maintenance.
   
• Besides, in the areas where bike-sharing systems are largely advertised as a green way of moving about a city, conventional bikes are in line with green objectives because they do not emit any gas as well as need less investment both in manufacture and maintenance than an e-bike. All these reasons deepen the proliferation of conventional bikes in the cycling-sharing market across the globe.
   

Based on the sharing system, the bike sharing market is categorized into free-floating and station based. The free-floating segment held a market share of 49% in 2024.
 

• A free-floating bike-sharing system is more user-friendly and convenient. Unlike station-based systems, free-floating models let users find and park bikes anywhere in a service area instead of designated docking stations. This greatly improves access for users, especially in cities where the last-mile problem is a challenge. The absence of a fixed infrastructure reduces deployment costs for operators, allowing them to cover more areas. Furthermore, the users’ increasing acceptance is fueled by simpler processes of bike retrieval and payment made possible through advances in GPS tracking and mobile application integration.
   
• The flexibility of freely available bikes is that it supports spontaneous short-distance travel. This feature is appreciated by commuters, tourists and casual riders. These people do not have to hassle with finding a docking station, rather they can simply pick up a bike. Those cities aiming at fostering micro-mobility and alleviating traffic blockages have already started taking advantage of this solution.
   
• For instance, according to Statista, the total amount of free-floating shared bikes in Italy from 2017 to 2021 did not surpass 25,000. In 2022, bike operators boosted the number of bikes deployed in the streets to around 39,400.
   
• In addition, free-floating systems enhance bike fleet usage since they are not constrained to docking stations but rather positioned according to user demand. Increased satisfaction along with greater availability makes the free-floating model the best option to choose in the bike-sharing industry.
   

Based on category, the bike sharing market is divided into docked and dockless. The dockless segment dominated the market accounting for over USD 5 billion in 2024.
 

• The dockless systems can easily be accessed by users with great ease and comfort. Interviews with users indicate that the overall flexibility of the system is broadened as bikes can be picked up and dropped off at any point within a service area, eliminating the need to search for designated docking stations. This feature is particularly useful to riders taking short trips such as errands and commuting. The capability of unlocking bikes through mobile applications further increases bike adoption among different societal groups, improving user experience.
   
• Furthermore, the lack of restrictions on bikes makes dockless systems more economical than the docked systems, allowing for easier scalability. The absence of docking and maintenance requirements accelerates the expansion of service areas. Greater fleet utilization is made possible through bike redistribution across urban areas, meaning that more bikes that are desperately needed will be available. The combination of these advantages, alongside increasing consumer desire for flexible and effortless transportation solutions, have made dockless bike sharing the most efficient operational model in the market.
   

Based on end user, the bike sharing market is divided into tourists & recreational users, daily commuters, corporate users, and university & campus users. The tourists & recreational users’ segment is projected to grow to the fastest CAGR of over 8% during the forecast period.
 

• The growing interest in budget-friendly and environmentally friendly methods of transportation by tourists and recreational users help increase the growth rate for bike sharing. Bike sharing gives tourists an economical and efficient means of transportation for city exploration, especially in places which are friendly towards walkers.
   
• As fitness trends and green methods of transport continue to rise, biking emerges as a refreshing recreational outdoor activity for users. The availability of standard and electric bicycles makes it easier for people to enjoy scenic, lazy rides, or reach their destinations faster, thus increasing sales in the market.
   
• In addition, the growth of this segment has been fueled by the increased use of bike-sharing services in popular tourist destinations. Cities are actively putting in place bike-sharing systems to meet the increasing number of visitors who are looking for other ways to travel.
   
• The ease with which users can rent bikes through mobile applications coupled with the ease with which a person can walk around the city has made bike-sharing favorable. The continuous efforts of metropolitan areas in encouraging sustainable tourism and recreational activities are expected to increase the need for service, which will positively impact this segment of the market.
   

In 2024, the China dominate the APAC bike sharing market with revenue around USD 1.4 billion.
 

• China’s market in APAC leads with the highest market share because of its increasing urban population and government backing for eco-friendly transportation policies. Major cities like Beijing, Shanghai, and Shenzhen are incorporating bike-sharing into their urban mobility strategy to help tackle traffic and pollution challenges in cities.
   
• China has a well-established infrastructure, including technological payment systems like Alipay and WeChat, which have made renting bikes through mobile apps convenient. The ease of bike rental through apps has greatly increased bike-sharing, alongside other technologies, which has significantly increased the growth of the market.
   
• The bike-sharing industry in China is boosted by Ofo and Mobike, the pioneers of the dockless bike shuttle system. Benefitting from the geographical competitive climate and high peripheral transport demand in the region, their networks have rapidly grown beyond cities into rural regions.
   
• These bike-sharing systems are preferred by locals and tourists, since these systems are affordable and easy to use. As China continues with its agenda on promoting green mobility, bike-sharing services will remain as the leader in the APAC region
   

Predictions suggest that from 2025-2034, the U.S. bike sharing market will grow tremendously.
 

• U.S. possesses a remarkable portion of the North American bike sales market due to its advanced and diversified cities focusing more on eco-friendly urban transportation. San Francisco, New York, and Washington, D.C. are among the cities with bike-sharing programs which are constantly plagued by traffic congestion and pollution.
   
• According to the estimates of U.S. Bureau of Transportation statistics, the annual usage of bike-sharing programs in selected six cities in the US increased by 27% in 2022 compared to the pre-pandemic period.
   
• The number of trips made by bike shared in the powering programs reached 45 million. 2023 is estimated to yield even more jaw dropping numbers.
   
• The infrastructure investment boom, for instance separated bike traffic lanes or bike-parking garages, has improved the bike-and-ride environment in otherwise hostile US cities. The diffusion of an eco-friendly attitude towards sightseeing and city navigation turned bike-sharing into a widespread service for visitors and residents.
   
• In addition, the rapid take-up of bike-sharing programs in metropolitan areas in the U.S. is largely due to the increasing use of mobile applications that allow for quick and easy rentals. The growth of the bike-sharing market can be attributed to the popularity of dockless systems that offer hassle-free bike access. Bike-sharing programs have increasingly become a component of the public transport system as American cities shift their focus to urban mobility and sustainability, helping to consolidate America's leading position in the North American market. America is likely to sustain its dominance in the region with the growth of electric bike-sharing and increasing coverage of services.
   

Predictions suggest that from 2025-2034, the Germany bike sharing market will grow tremendously.
 

• Due to the combination of bike sharing and other modes of transportation, Germany enjoys extensive market coverage and is one of the leading countries in Europe for bike-sharing services. These services are greatly enhanced by the wide-ranging coverage of public transport. Some German cities has developed bike-sharing schemes which are part of the broader mobility network for locals and visitors which includes cycling, trams, buses, and trains.
   
• This fusion has facilitated the ease with which users can use multi-modal systems for commuting or leisure purposes. Moreover, Towns in Germany are famous for their unique culture of cycling for leisure and for commuting. Equally, the implementation of bike-share schemes has been made easier due to strong government regulation and public-private collaboration.
   
• Germany’s policies are directed at fostering the use of green modes of travel and the development of pedestrian and bicycle only zones in urban centers. In relation to those policies, many bike sharing programs have been established and received with great advantage in both big and small cities.
   
• Germany has maintained dominance in the European bike-sharing industry due to the impressive public transport system provided alongside Germany policies.
   

Bike Sharing Market Share

• The top seven companies hold a significant market share of over 25% in the bike sharing industry.
   
• Lyft has engaged in bike sharing business for quite some years now. The company was able to easily integrate bike and electric bike sharing into their services with the use of its strong brand equity and already existing infrastructure, therefore allowing for cost effective and convenient short distance travel for many users.
   
• Furthermore, the enhancement of Lyft's bicycle sharing services has also greatly benefited from Lyft's geographic expansion, the increase of service quality through technology, and the mergers and acquisitions of various municipalities which helped increase market share and dominance.
   
• Bolt focuses on competitive prices and appealing pricing strategies which has garnered them wide reach. Most of the markets are catered by Bolt's accessible bikes that can be unlocked using a smartphone app, in addition to lower prices. Bolt has also taken advantage of the liberal demand for greener and more flexible means of transport within metropolitan areas where urban mobility is getting more attention. As a result of the readiness of metropolitan regions and the increased adoption of e-scooters and e-bikes, Bolt has been able to capture the market and attract more customers. Lime, having pioneered the bicycle sharing economy, has singlehandedly popularized dockless electric bike sharing systems across the globe and altered the scope of city transport.
   
• The company commands a sound market position owing to its innovation and technology focus as well as first-mover advantage. Lime’s introduction of electric bikes and scooters has expanded its customer base to include those seeking efficient means of travel in congested cities. The company has also grown its market capture through strategic partnerships with local governments and the use of smart technologies for seamless bike rentals.
   

Bike Sharing Market Companies

Major players operating in the bike sharing industry include:

• Bird
• Bolt
• Dott
• JUMP
• Lime
• Lyft
• Nextbike
• Ofo
• Spin
   

The bike-sharing market has evolved greatly in the past several years, brought on by the need for environmentally friendly modes of travel. The players in this industry usually have rivalry in service quality, technology, and costs. A good number of market players are employing mobile applications and Global Positioning System (GPS) technology to enhance user satisfaction by simplifying the processes of bike location, rent, and returns.
 

The competition becomes even tougher with the addition of e-bikes, which are easier to use for riders in cities that are hilly or have a longer distance to travel. Moreover, in many cases, operators work together with local authorities and municipal institutions to establish sponsored agreements, which change the competition dynamics.
 

The competition revolves around operational efficiency and effective fleet management. Customer satisfaction relies on the maintenance of bikes and their availability in major locations. Certain competitors target metropolitan areas, whereas others specialize in hot tourist regions or specific locations. Similarly, firms also implement different pricing strategies as they test market conditions and regulations with pay-per-ride, subscription, and free-riding models.
 

In general, the bike-sharing market is undergoing rapid change, as new players are constantly attempting to break the market dominance of established firms, while the industry is also subject to consolidation, in which case large, powerful firms purchase small, less powerful firms to grow their market share.
 

Bike Sharing Industry News

• In January 2025, to enhance accessible and affordable e-bike services, Forest and Bird have established a remarkable partnership that will come into. Forest’s fleet of 15,000 e-bikes will be integrated into Bird’s app, enabling Bird’s users to rent Forest bikes during their stay in London. This initiative seeks to improve e-mobility in cities, fostered by the existing policies of both organizations to mitigate the use of cars and promote cleaner cities. It also helps target millions of Bird’s users around the globe who visit London, making it easier for Bird users to access the city. 
   
• In August 2024, Bike-sharing programs are rapidly growing across Canada, with notable expansions in cities like Montreal, Toronto, Calgary, and Vancouver. These programs, including BIXI in Montreal and Bike Share in Toronto, have seen significant increases in ridership, driven by convenience and sustainability. The introduction of e-bikes has further boosted usage. Despite challenges like winter weather, some cities, like Montreal, have adapted with winter bikes. With expanding bike lanes and reduced reliance on cars, these programs contribute to cleaner urban mobility.
   
• In April 2024, MTC and Lyft have launched an expansion of the Bay Wheels bike-sharing program into East Bay. This marks a significant step toward enhancing regional mobility by offering a broader range of transportation options, including electric bikes. The expansion is expected to provide more accessible and eco-friendly transport alternatives to residents and visitors in the area, contributing to reducing congestion and emissions.
   
• In August 2022, The Schwarz Group has partnered with Nextbike to provide bike rental stations at Lidl and Kaufland stores in North Rhine-Westphalia, Germany. This initiative is part of their commitment to sustainable mobility, making bikes available for customers to rent via the Nextbike app. The stations are located at stores in cities like Bochum, Bonn, and Düsseldorf, with plans for future expansion. The bikes are equipped with baskets for convenient grocery transportation, enhancing flexibility for urban travel.
   

The bike sharing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and fleet size (Units) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Bike

• Conventional bikes
• E-bikes

Market, By Category

• Docked
• Dockless

Market, By Sharing System

• Free-floating
• Station-based

Market, By Business Model

• Government-sponsored
• Public-private partnerships (PPP)
• Fully private operators

Market, By End Use

• Tourists & recreational users
• Daily commuters
• Corporate users
• University & campus users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia

• Latin America
  • Brazil
  • Mexico
  • Argentina

• MEA
  • UAE
  • South Africa
  • Saudi Arabia