Europe Bike Sharing Market: Industry Analysis and Forecast (2023-2029) by Bike Type, Bike Model, Sharing System, and Region.
Europe Bike Sharing Market size was valued at US$ 1.41 Billion in 2022 and the total Europe Bike Sharing Market revenue is expected to grow at 4.88% through 2023 to 2029, reaching nearly US$ 1.98 Billion.
Format : PDF | Report ID : SMR_51
Europe Bike Sharing Market Overview:
Since 2019, many Chinese bicycle-sharing models have conquered the European market. But today, some local providers are also starting a bike-sharing business. In addition, bicycles have the added benefit of being small in volume, which greatly reduces traffic congestion. The rise of electric bicycles, which offer the same practicality as all motorcycles and also have the advantage of having less environmental impact, is becoming more popular in European countries. Many young engineers and entrepreneurs with design and innovation experience see the electric bike industry as a great opportunity, especially in the European market. Europe bike sharing market is expected to register CAGR of 4.88% during the forecast period.
Europe Bike Sharing Market Dynamics:
When compared to other types of e-bikes, such as city/urban and bike sharing have seen a tremendous surge in demand in recent years. It's great for off-road use because it's rugged enough to keep you safe even in wet and slick conditions. E-MTBs are used not just for mountain tours, but also for commuting to work and shopping in many cities. The key reason for the increased popularity of bikes is their durability, which makes them ideal for road use and helps in the growth of Europe Bike Sharing Market. MTBs have become a status symbol since they appear to be more expensive and elegant. Government legislation and nomenclature differ in the case of e-bikes. Although some countries have national regulations, governments and provinces set the authorities and legal regulations that govern road use.
The bicycle-sharing sector is expected to grow from 35 per 1,000 inhabitants in major European cities to 1020 per 1,000 inhabitants over the next five years, an annual growth of 2030%. In Europe, bike-sharing riders cost € 0.50 ($ 0.58) to € 1 ($ 1.16) one way and up to € 34 ($ 3,494.65) to get in and out of work. Commuters spend an average of € 1012 ($ 11.6313.96) on their daily commute. Prices will drop significantly as the bicycle sharing market begins issuing monthly tickets. The annual membership fee can be approximately $ 44 $ 110.
ECF advocates purchasing a bonus system to reduce the cost barrier to the acceptance of electric bicycles:
Shimano's report clearly shows that the cost of electric bicycles is the biggest obstacle to future adoption, which 40% of respondents cite as a problem. To take full advantage of the potential of European e-bikes for sustainable and healthy changes in mobility behaviour, the ECF has worked with partners in the bicycle industry to specifically target making more electric bikes. Continue the campaign for the purchase bonus system at an affordable price, even in countries where it is still available, it is not widely accepted. More recently, we have called for a centralized EU Electric Bike Access Fund to support purchase rewards and bike sharing, rental and leasing programs included in the EU Green Recovery Fund. The electric bicycle segment dominates the Europe Bike Sharing market. According to the latest market report from ECF partner CONEBI in the bicycle industry, e-bike remains a strong growth driver in the otherwise stable EU bicycle market.
In 2019, more than 3 million electric bicycles were sold for the first time. This is a significant 23% increase over the previous year. Electric bicycles accounted for 17% of total bicycle sales. It is quite possible that this growth will continue for the next few years in the Europe Bike Sharing Market. The latest "State of the Nation Report" by bicycle component giant Shimano on attitudes towards the use of electric bikes in Europe is likely to buy an electric bike, as shown by 17% of respondents in 11 continental countries. It can be very high, but 8% are already using electric bikes. Sales of electric bicycles in Europe continued to grow tremendously in 2019. According to the latest market report by CONEBI, one of the ECF partners in the bicycle industry, more than 3 million electric bicycles have been sold in the EU. Compared to 23% of the previous year.
The total number of bicycles sold in 2019 was stable at about 20 million units. The electric bicycle boom has also had a very positive impact on the production and employment of bicycles in Europe. After a slight increase in bicycle and electric bicycle production from 2017 to 2018 (+ 0.7%), this trend continued to grow by 11% in 2019 will continue to be significantly more powerful. This is mainly due to the surge in production of pedal-assisted electric bicycles in Europe. From 2018 to 2019, production increased by nearly 60% from 66% in the previous year. In addition to the surge in production, the EU's number of direct jobs totalled over 60,000 in 2019, with an additional 60,000 indirect jobs created upstream and downstream, bringing the total to about 120,000. Again, the growth rate is impressive. Employment growth is 14.4% compared to 2018 and 32% compared to 2017.
Europe Bike Sharing market Mergers & Acquisitions:
Pon Holdings announced the acquisition of Dollel Sports from Dollel Industries was arguably the largest acquisition of the year. On the day of the announcement, Pon Holdings, stated that: "With the acquisition of Gazelle in 2015, with current sales of € 1.5 billion, they have embarked on a strategy to step by step into a bicycle group with major comfort and high performance bicycle brands, 70% of which are electrically operated.
Earlier this year, it became clear that it would be a tough year for the supply chain. In January, Shimano Europe stated in press release that the company "needs to increase production to unprecedented levels. The long lead time for Shimano products will continue until 2021, further delaying the delivery of various bicycles. After the blockade was extended for more than a month, the factory finally reopened on July 15. Around the same time, Shimano also announced a multi-million dollar investment program to expand its existing facilities in Japan and build new ones in Singapore.
As the years went by, the focus shifted from Asia to Europe. Investment in Europe Bike Sharing Market facilities continued to attract attention. The construction of "Europe's largest bicycle factory" in Romania caused a turmoil in February. Operated by Decathlon's partner Sport Mechanical Workshop, the facility will be capable of producing 1.5 million units annually at full capacity, including both regular and electric bikes.
Following news of the acquisition of Dollel Sports, Cannondale was excited to announce new meetinghouses in both Almelo, the Netherlands and Rincon, Georgia, USA. Bike Europe had the opportunity to see Armero's facilities. According to ECF, This is considered as part of the Fix Broken System program. A plan designed to be the most efficient, innovative and responsive brand for the dealer network.
Europe Bike Sharing Market Segmentation:
P2P Bike Sharing segment is dominating the Europe Bike Sharing market in terms of market share:
Investing in carbon frame manufacturing:
In July, Bianchi announced an ambitious investment program to quadruple production by August 2022. The new strategy will not only increase the capacity of both bicycles and electric bicycles, but will also include the start of production of its own carbon frame in Italy
Everyone was talking about carbon frames, not just Italy. In Portugal, a group of investors has set up a "carbon team" to meet the demand for carbon fiber products in Europe. “The factory has a capacity of 25,000 carbon frames per year with a very high level of production automation when everything is fully operational,” explains, general manager of the carbon team. “We expect to achieve this capability by 2024.”
Significant innovations in European Bike Sharing Market:
Product innovations such as Gates' hottest new belt drive, featured in the Bike Europe article in the form of a virtual exhibition stand, were uninterrupted throughout the year. The introduction of Valeo with an integrated drive system also created a sensation. Your Advanced Driver Assistance Systems (ADAS) integrates an adaptive automatic transmission with a 48-volt electric motor and seven gears into the pedal system.
Regulations on European electric bicycles:
In September, with the support of CONEBI, the industry strongly opposed the operation of electric bicycles. Fifteen national bicycle industry groups and 68 companies have signed voluntary efforts to prevent tampering with electric bicycles. "The bicycle industry takes operation very seriously and has taken some steps to curb this dangerous practice. This voluntary effort is one pillar of our overall strategy. It's just that, “according to president of CONEBI. 2021 was also the year the European Commission submitted a proposal to revise the Machinery Directive. The European Commission is proposing to exclude all "vehicles whose sole purpose is the transportation of goods or people" from the scope of the new law. The new proposal will have a significant impact on the regulation of electric bicycles. Sign up for Bike Europe to stay up to date on all these changes and market development in 2022.
The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Europe Bike Sharing market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants.
The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Europe Bike Sharing market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Europe Bike Sharing market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Major breakthroughs in the Europe Bike Sharing industry are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.
Europe Bike Sharing Market Scope:
Europe Bike Sharing Market Scope
Market Size in 2022
USD 1.41 Bn.
Market Size in 2029
USD 1.98 Bn.
By Bike Type
By Sharing System
and Rest of Europe
Europe Bike Sharing Market Players
Frequently Asked Questions
Europe Bike Sharing Market revenue is expected to grow at 5.33% through 2023 to 2029
Donkey Republic, Mobike, Moventia, nextbike, PBSC, Ride On, Smoove, and Uber are the top players in the Europe bike sharing market.
France, Germany, Italy, Poland and Spain are the top 5 countries in the European bike sharing market in terms of system installations.
Germany region have the highest growth rate of 8.93% in the Europe Bike Sharing market with total system installations of 107.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Sharing System
2.2. Europe Bike Sharing Market: Target Audience
2.3. Europe Bike Sharing Market: Primary Research (As per Client Requirement)
2.4. Europe Bike Sharing Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Europe Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.1. UK Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.2. France Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.3. Germany Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.4. Italy Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.5. Spain Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.6. Sweden Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.7. Austria Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.1.8. Rest of Europe Market Share Analysis, By Bike Type, By Value, 2022-2029 (In %)
4.2. Europe Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.1. UK Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.2. France Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.3. Germany Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.4. Italy Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.5. Spain Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.6. Sweden Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.7. Austria Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.2.8. Rest of Europe Market Share Analysis, By Model, By Value, 2022-2029 (In %)
4.3. Europe Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.1. UK Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.2. France Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.3. Germany Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.4. Italy Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.5. Spain Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.6. Sweden Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.7. Austria Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.3.8. Rest of Europe Market Share Analysis, By Sharing System, By Value, 2022-2029 (In %)
4.4. Stellar Competition matrix
4.4.1. Europe Stellar Competition Matrix
4.5. Key Players Benchmarking
4.5.1.Key Players Benchmarking by Product, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.6. Mergers and Acquisitions in Industry
4.6.1. M&A by Region, Value and Strategic Intent
4.7. Market Dynamics
4.7.1. Market Drivers
4.7.2. Market Restraints
4.7.3. Market Opportunities
4.7.4. Market Challenges
4.7.5. PESTLE Analysis
4.7.6. PORTERS Five Force Analysis
4.7.7. Value Chain Analysis
Chapter 5 Europe Bike Sharing Market Segmentation: By Bike Model
5.1. Europe Bike Sharing Market, By Bike Type, Overview/Analysis, 2022-2029
5.2. Europe Bike Sharing Market, By Bike Type, By Value, Market Share (%), 2022-2029 (USD Million)
5.3. Europe Bike Sharing Market, By Bike Type, By Value, -
5.3.2. Conventional bikes
Chapter 6 Europe Bike Sharing Market Segmentation: By Model
6.1. Europe Bike Sharing Market, By Model, Overview/Analysis, 2022-2029
6.2. Europe Bike Sharing Market Size, By Model, By Value, Market Share (%), 2022-2029 (USD Million)
6.3. Europe Bike Sharing Market, By Model, By Value, -
6.3.3. Station based
Chapter 7 Europe Bike Sharing Market Segmentation: By Sharing System
7.1. Europe Bike Sharing Market, By Sharing System, Overview/Analysis, 2022-2029
7.2. Europe Bike Sharing Market Size, By Sharing System, By Value, Market Share (%), 2022-2029 (USD Million)
7.3. Europe Bike Sharing Market, By Sharing System, By Value, -
Chapter 8 Europe Bike Sharing Market Size By Country, By Value, 2022-2029 (USD Million)
8.1.8. Rest of Europe
Chapter 9 Company Profiles
9.1. Key Players
9.1.1. Donkey Republic
220.127.116.11. Company Overview
18.104.22.168. Bike Model Portfolio
22.214.171.124. Financial Overview
126.96.36.199. Business Strategy
188.8.131.52. Key Developments
9.1.5. Ride On
9.2. Key Findings