Bicycle Sharing Market Size & Share

Bicycle Sharing Market Size & Trends

The global bicycle sharing market size was estimated at USD 9.26 billion in 2024 and is projected to grow at a CAGR of 10.2% from 2025 to 2030. The market growth is attributed to the increasing awareness of environmental sustainability among urban populations. As cities across the globe grapple with pollution and congestion, governments and communities are actively promoting bicycle-sharing as a green alternative to motorized transport. This push aligns with broader climate change mitigation goals, encouraging eco-friendly modes of transport to reduce carbon footprints and energy consumption.

Rapid urbanization has intensified congestion in major cities, prompting authorities to promote alternative transport modes. Bicycle sharing systems offer a flexible, last-mile connectivity solution that complements public transit. For example, in Paris, the Vélib’ bike-sharing scheme is strategically integrated with the metro and bus networks, significantly reducing reliance on private vehicles and easing road congestion.

Growing awareness of climate change and the carbon footprint of conventional transport modes has accelerated the adoption of low-emission mobility solutions. Bicycle sharing contributes to the reduction of greenhouse gas emissions, aligning with global climate initiatives such as the European Green Deal. Cities like Copenhagen and Amsterdam, which are at the forefront of sustainable urban planning, have embedded shared bicycles into broader eco-mobility frameworks.

Public sector support, including subsidies, public-private partnerships, and infrastructure development, is catalyzing the expansion of bicycle sharing programs. For instance, the Indian government’s Smart Cities Mission has incentivized several Tier 1 and Tier 2 cities to implement integrated bike-sharing systems as part of smart urban mobility plans.

Technological innovations-such as GPS tracking, app-based access, IoT-enabled fleet management, and dynamic pricing algorithms-have significantly enhanced the user experience, operational efficiency, and scalability of bicycle sharing platforms. Companies like Lime and Mobike have deployed dockless models that enable real-time bike location and seamless rental via mobile apps, thereby expanding access and usage.

The rise in urbanization and population density has necessitated efficient transportation systems, particularly in crowded metropolitan areas. Bicycle-sharing offers a cost-effective and convenient solution to last-mile connectivity, addressing the needs of commuters who require short-distance travel options to complement public transportation networks like buses and trains. This accessibility and flexibility have heightened the appeal of bike-sharing programs.

Technological advancements in bicycle-sharing systems have also played a crucial role in boosting market growth. Innovations such as GPS tracking, mobile apps for seamless bike rentals, and the integration of dockless systems have enhanced user experience and operational efficiency. These advancements have made bicycle-sharing increasingly user-friendly and accessible, contributing to widespread adoption.

Moreover, health-conscious individuals are increasingly choosing cycling as a mode of transport, recognizing its benefits for physical well-being. The shift towards active transportation aligns with a broader lifestyle trend of prioritizing fitness and wellness, further driving demand for bicycle-sharing services. Simultaneously, the affordability of shared bicycles compared to personal vehicles or ride-sharing services makes them a financially attractive option, especially for students and low-income groups.

Supportive government policies and investments in infrastructure, such as dedicated bike lanes and parking spaces, are catalyzing the growth of this market. Public-private partnerships and subsidies for bicycle-sharing companies are incentivizing the expansion of these services, ensuring their availability and accessibility to diverse user groups.

For instance, in India, cities such as Ahmedabad, Indore, Kochi, Mysuru, Bhopal, and Chandigarh have embraced Public Bike Sharing (PBS) systems. These initiatives are supported by policies such as the National Urban Transport Policy (NUTP) and the Smart City Mission, which emphasize the development of Non-Motorized Transport (NMT) infrastructure.

Consumer Survey & Insights

Cycling Industries Europe (CIE), a trade organization representing a group of cycling businesses in the EU, publishes a benchmarking study regarding bike-sharing schemes active in nearly 148 European cities. In the latest report, the benchmark for daily bike-sharing trips, measured by trips per 1000 inhabitants, identifies the top-performing cities. In 2022, Paris (36.9), Bordeaux, Antwerp (36.1), Toulouse (19.8), and Lyon were leaders. In 2023, new entrants Ljubljana (26.0) and Tartu (20.4) joined the Top 5, maintaining a threshold of over 19 trips per 1000 inhabitants. This data underscores the growing impact of bike sharing on urban mobility across European cities.

Type Insights

Classic bike sharing accounted for a revenue share of 87.9% in 2024, driven by its reliability and organized structure. The presence of designated docking stations ensures that bicycles are readily available and parked in an orderly manner, which is particularly appealing in urban areas where managing space efficiently is crucial. This structured system also provides users with a sense of security, as docking stations are often monitored or located in well-lit, accessible areas.

The e-bike sharing is expected to grow at a CAGR of 11.3% from 2025 to 2030. The increasing demand for eco-friendly and energy-efficient transportation solutions, particularly in urban areas facing issues like pollution and congestion. E-bikes offer a sustainable alternative to traditional motorized vehicles, attracting environmentally conscious commuters who want to reduce their carbon footprint while enjoying the convenience of motorized assistance. In addition, the health and wellness trend has spurred interest in active transportation options that provide both physical activity and ease of use. E-bikes cater to a wide range of users, including those who may not feel confident cycling long distances or tackling uphill routes with traditional bicycles, making them an inclusive and appealing choice.

Payment Method Insights

Subscription-based bicycle sharing accounted for a revenue share of 68.6% in the overall bicycle sharing industry in 2024, driven by the convenience and cost-effectiveness it offers to regular users. Subscription models, often featuring affordable monthly or annual plans, provide unlimited or frequent access to bicycles, making them highly attractive for daily commuters and frequent riders. This predictable pricing structure not only reduces the financial burden for users but also ensures consistent revenue for service providers. In addition, subscription-based services foster customer loyalty and encourage long-term engagement. Riders who subscribe are more likely to continue using the service, as the commitment aligns with their routine transportation needs. This has prompted providers to enhance user experiences by offering perks such as priority access, discounts, and seamless app integrations, further solidifying the appeal of subscription plans.

Pay-as-you-go mode of bicycle sharing is expected to grow at a CAGR of 10.5% from 2025 to 2030 owing to its flexibility and appeal to occasional users. This model is particularly favored by individuals who prefer not to commit to long-term plans or subscriptions. It allows users to access bicycles on an as-needed basis, making it an ideal option for tourists, infrequent riders, and those exploring cycling as a transportation alternative. In addition, the rise of app-based platforms that facilitate seamless booking and payment processes. These apps allow users to locate and rent bicycles quickly, enhancing convenience and making the service more user-friendly. The integration of GPS tracking and real-time availability updates further improves the overall experience.

Service Insights

Docked-based bicycle sharing accounted for a revenue share of 68.9% in the overall bicycle sharing industry in 2024, driven by its organized and reliable structure. The presence of designated docking stations ensures bicycles are easily accessible and parked systematically, catering to the needs of urban areas where space management is critical. This structured system provides users with convenience and security, as docking stations are often strategically located in safe, well-connected areas.

The bicycle sharing through dockless service is expected to grow at a CAGR of 10.6% from 2025 to 2030. The unparalleled convenience it offers to users. Unlike docked systems, dockless services allow riders to pick up and drop off bicycles at any location within the designated service area. This flexibility has made them particularly popular in urban areas where users value time efficiency and ease of access. In addition, the growing emphasis on sustainability and reducing carbon emissions has driven the demand for shared mobility options like dockless bicycles. Governments and private operators have been actively promoting these services as part of broader initiatives to combat urban pollution and encourage eco-friendly modes of transportation.

Regional Insights

The bicycle sharing market in Asia Pacific accounted for a revenue share of 85.8% in 2024. Rapid urbanization and population growth in countries such as China and India have resulted in increased demand for efficient and affordable transportation solutions. Bicycle-sharing services provide an eco-friendly and cost-effective alternative to motorized vehicles, addressing the challenges of traffic congestion and pollution in bustling metropolitan areas. In addition, the strong presence of supportive government policies and infrastructure development, such as the creation of dedicated cycling lanes and public funding for bike-sharing programs, has accelerated the adoption of these services.

For instance, the ADB and Japan launched a bicycle-sharing scheme in 2012 in Davao, Vientiane, and an Indonesian city to improve urban transport, reduce emissions, and address “last-mile” challenges. This USD 2 million initiative, funded by the Japan Fund for Poverty Reduction, aims to enhance air quality, lower pedestrian risks, and promote sustainable mobility across Asia.

North America Bicycle Sharing Market Trends

The bicycle sharing market in North America accounted for a revenue share of 5.3% in 2024. The increasing emphasis on sustainable and eco-friendly transportation solutions has fueled demand for bicycle-sharing services as an alternative to cars, particularly in urban areas. Cities across the U.S. and Canada are actively working to reduce carbon emissions and alleviate traffic congestion, making bicycle-sharing a key component of their environmental and mobility strategies. Government support in the form of subsidies, grants, and investments in cycling infrastructure, such as bike lanes and parking facilities, has further bolstered the market. Additionally, the rise of health consciousness among the population has contributed to the popularity of cycling as a mode of active transportation that combines convenience with fitness.

For instance, in July 2024, Montreal’s bike-sharing service, Bixi, introduced its first Carrefour Bixi at La Fontaine Park, combining a docking station with a repair shop. This initiative aims to decentralize maintenance and reduce downtime for broken bikes. Users appreciate the effort but emphasize the need for further infrastructure to address parking and availability challenges.

U.S. Bicycle Sharing Market Trends

The bicycle sharing industry in the U.S. is expected to grow at a significant CAGR over the forecast period, driven by the increasing awareness of sustainable transportation solutions. As urban areas face challenges such as traffic congestion and carbon emissions, bicycle sharing is becoming an attractive, eco-friendly alternative. Technological advancements in bike-sharing platforms, including mobile app integration and GPS tracking, are enhancing accessibility and convenience for users. Additionally, the rise in health consciousness and the adoption of e-bikes are expanding the appeal of bike-sharing programs to a wider audience, supporting its steady bicycle sharing industry growth.

Europe Bicycle Sharing Market Trends

The bicycle sharing market in Europe is expected to grow at a CAGR of 11.8% from 2025 to 2030 owing to increasing urbanization and a strong focus on sustainable transportation solutions. Governments are heavily investing in cycling infrastructure and green mobility initiatives, promoting bicycle sharing as a way to reduce traffic congestion and carbon emissions. Additionally, technological innovations, such as app-based rentals and integration with public transportation systems, are enhancing user convenience and accessibility. The rising adoption of e-bikes is also contributing to market expansion, appealing to a broader demographic seeking eco-friendly, cost-effective commuting options.

In October 2024, Augsburg, in partnership with Fifteen, launched a modern bike-sharing service featuring 700 standard bikes and 300 e-bikes arriving in 2025. Managed by Stadtwerke Augsburg (SWA), this initiative integrates advanced technology and user-friendly systems. Augsburg aims to enhance urban mobility, increase cycling, and reduce CO2 emissions by 55% by 2030.

Key Bicycle Sharing Company Insights

The bicycle sharing market is fragmented primarily due to the presence of several globally recognized players as well as regional players. Some prominent companies in the bicycle sharing industry are Hellobike, Lyft, Bolt, Lime, and others.

• Bolt has expanded into micro-mobility, offering e-bikes and scooters. The company emphasizes affordability and sustainability, integrating its services into urban transportation systems. Bolt’s partnerships, such as with Forest in London, aim to enhance accessibility and compete with other providers.

• Lime is a pioneer in the bike-sharing space; Lime operates globally with a focus on dockless systems and electric bikes. Backed by Uber, Lime has invested significantly in expanding its fleet and improving user experience. It remains a key player in cities worldwide.

Recent Developments

• In April 2025, Minneapolis launched a year-round shared e-bike and scooter program for residents and tourists, operated by Lime and Spin. Each company provides 1,000 e-bikes and scooters, including Class 1 pedal-assist and Class 2 e-bikes. Equity-focused distribution ensures that 30% of scooters serve north and south neighborhoods, 40% downtown, and 30% in other areas. The program surpassed pre-pandemic ridership in 2024, reaching 1.25 million rides. Seasonal operations are now extended through winter, weather permitting, enhancing accessibility to sustainable micro-mobility options.

• In February 2025, Wicklow County Council collaborated with MOBY and re-launched and expanded its public e-bike sharing scheme on 1 March 2025. Starting with 100 e-bikes in Bray, the scheme extends to Greystones, Arklow, and Wicklow Town, with potential growth based on demand. Operated via the MOBY MOVE app, users can easily rent and park e-bikes at designated locations. Available 24/7, it offers pay-per-use and subscription pricing.

Bicycle Sharing Market Report Scope

Global Bicycle Sharing Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global bicycle sharing market based on type, payment method, service, and region:

• Type Outlook (Revenue, USD Million, 2018 – 2030)

  
  

• Payment Method Outlook (Revenue, USD Million, 2018 – 2030)

  • Pay-as-you-go

  • Subscription Based

• Service Outlook (Revenue, USD Million, 2018 – 2030)

  
  

• Regional Outlook (Revenue, USD Million, 2018 – 2030)