Mexico Bike Sharing Market: Industry Analysis and Forecast (2024-2030) by Bike Type, Bike Model, Sharing System, and Region.

Mexico Bike Sharing Market Overview:

EcoBici, Mexico City's public bike sharing scheme, has been launched as a complementary mode of transportation to public transportation. Citizens and visitors can use bicycles for free if they register and pay a small, inexpensive cost for a specified period of time (one year, one week, three days or one day). Customer service centres, as well as many modules and stalls located across the city, are available for registration. Users who register obtain an EcoBici card, which allows them to borrow a bike from a designated bike station, ride it about, and return it to the next closest station within 45 minutes. If this period is surpassed, there will be an extra charge.

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Mexico Bike Sharing Market Dynamics:

EcoBici, Mexico City's bike-sharing programme, began in 2010 with the goal of increasing cycling while also lowering traffic congestion and transportation-related greenhouse gas emissions. When users register and pay a nominal price, bikes located at many stations can be utilized for transportation within the city. Since the program's inception in 2010, customer demand has risen significantly in line with the expansion of bike and bike station infrastructure, which now covers roughly 35 kilometers². The initiative began with approximately 84 bike stations and 1,200 bicycles. By 2020, the number of bike stations had expanded to 484, with over 5200 bikes available for the over 100,000 users. . In addition, nearly 300 kilometres of new bike lanes have been built across the federal area of Mexico City. These new bike pathways serve not only EcoBici users, but other bikers in the city as well.

A standard one-day membership costs around 90 pesos (5.6 Euros), according to the EcoBici webpage in 2020, while an annual membership costs around 400 pesos (25 Euros). Bike stations are frequently positioned near public transportation stops, allowing for a seamless integration of modes of commuting.

The study, which was completed in 2019, also predicted that EcoBici's advantages will expand in the coming years. The total reduction in carbon dioxide emissions from 2020 to 2030 is anticipated to be 3,641 TonCO2eq, or the equivalent of planting 10,938 trees over the same time period. The EcoBici system is planned to grow over time, so emission reductions are predicted to increase on an annual basis. Local financing source of EcoBici - the capital investment for EcoBici was supported entirely by Mexico City's general budget, and each bike cost around 3,400 Euros. The average operational cost per trip is estimated to be around 12 Euros.

P2P bike sharing is the dominating segment in the Mexico bike sharing market as P2P is the only cost budgeted option for the poor demographics of the Mexico city. P2P bike sharing costs average of 25 Euros which is quite efficient comparing to station based bikes.

Mexico City's government has introduced EcoBici. SEDEMA, Mexico City's Ministry of the Environment, manages and implements the project. The system is managed by a commercial corporation called "Clear Channel," which was hired by SEDEMA to carry out the project.

Government of Mexico City Plans for Bike Sharing:

Mexico Bike Sharing Market Scope:

Mexico Bike Sharing Market Players

• Ecobici