Middle East and Africa Bike Sharing Market: Industry Analysis and Forecast (2021-2027) by Bike Type, Bike Model, Sharing System, and Region.

Middle East and Africa Bike Sharing Market size was valued at US$ 25.10 Million in 2020 and the total Middle East and Africa Bike Sharing Market revenue is expected to grow at 3.44% through 2021 to 2027, reaching nearly US$ 31.80 Million.

Format : PDF | Report ID : SMR_67

Middle East and Africa Bike Sharing Market Overview:

The Moroccan city of Marrakesh was the first in Africa to implement a bike-sharing scheme. Medina Bike was launched by the municipality in November 2016 for the 22nd United Nations Conference of Parties (COP 22), and it was phased down in 2020. (Having 7 bikes available in October 2020). Six systems are now operational in Africa. Nigeria joined Egypt, South Africa, and Morocco in 2019 by launching free-floating systems in two cities (Ede and Lagos), which are run by a local business (AWA Bikes).

Middle East and Africa Bike Sharing Market Dynamics:

PBSC Urban Solutions, a leading smart bike-share solution provider, has announced a partnership with Careem, the Middle East's leading ride-hailing firm, and Dubai's Roads and Transport Authority (RTA) to introduce its electric bikes to the Emirate.

The company will begin rolling out its E-FIT electric pedal-assist bikes and smart stations across Dubai in the coming months. The multi-year agreement calls for 3,500 bikes and 350 charging stations. After successfully launching earlier this year in cities such as Barcelona, Buenos Aires, Santiago, and Monaco, PBSC is making its first venture into the Middle East. It's also the first large-scale electric bike-share network in the region. The RTA has made a determined effort in recent years to improve Dubai's mobility infrastructure by building a network of dedicated bike lanes, with plans to more than double these lanes by 2030. The E-FIT is the ideal vehicle for residents and visitors to take advantage of these initiatives. Despite the fact that Dubai's terrain is generally flat, the e-bike will provide a boost to riders when temperatures rise, lowering the amount of energy necessary to peddle.

The Careem Bike system in Dubai will use PBSC's smart station technology, which allows riders to charge their e-bikes right at the docking station. This eliminates the need for operators to replace the batteries or manually charge the e-bikes. The smart technology that feeds data regarding battery, bike, and network health back to operators, who monitor their system using a bespoke management platform, adds to the operational efficiency of PBSC's system. Both the smart stations and the PBSC e-bikes have undergone extensive testing and have received numerous safety certifications. Cyacle, a bicycle sharing startup founded in Abu Dhabi in 2014, has grown in popularity among the Emirati capital's population. The company now has approximately 75,000 regular customers and is a leader in micro-mobility in the Middle East, with 300 bicycles dispersed across 50 stations.

The success attracted Careem's attention. The VTC provider based in the United Arab Emirates announced the acquisition of Cyacle but did not disclose the purchase price. Careem is making its first push into the micromobility sector, having already established itself in the food delivery market with Careem NOW in the United Arab Emirates and Saudi Arabia. The Emirati VTC Company has continued to extend its variety of services since being acquired by its American counterpart Uber.

Middle East and Africa Bike Sharing Market Scope

Middle East and Africa Bike Sharing Market		Segmentation
Market Indicators:	Details	by Bike Type	• E-bikes • Conventional bikes
Historical Data:	2016-2019	by Model	• Free-floating • P2P • Station based
Forecast Period:	2021-2027	by Sharing System	• Dockless • Docked • Hybride
Base Year:	2020	by Country	• South Africa • GCC • Egypt • Nigeria • Rest Of ME&A
CAGR:	3.44%
Market Size in 2020:	US $ 25.10 Mn.
Market size in 2027:	US $ 31.80 Mn.

Middle East and Africa Bike Sharing Market Players

Careem
Cyacle
PBSC

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Frequently Asked Questions

What is the CAGR of the Middle East and Africa Bike Sharing Market in the forecast period (2021-27)?

Middle East and Africa Bike Sharing Market revenue is expected to grow at 3.44% through 2021 to 2027

Which region has the highest growth rate in the Middle East and Africa Bike Sharing Market?

Nigeria and GCC region have the highest growth rate of 3.5% and 3% respectively in the Middle East and Africa Bike Sharing market

Who are the key players in the Middle East and Africa Bike Sharing Market?

Careem, Cyacle and PBSC are the key players in the Middle East and Africa Bike Sharing market

Which are the top regions in Middle East and Africa Bike Sharing Market?

GCC and Nigeria are the top regions in the Middle East and Africa bike sharing market in terms of system installations

Chapter 1 Scope of the Report
Chapter 2 Research Methodology
     2.1.Research Sharing System
     2.2.Middle East and Africa Bike Sharing Market: Target Audience
     2.3.Middle East and Africa Bike Sharing Market: Primary Research (As per Client Requirement)
     2.4.Middle East and Africa Bike Sharing Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
     4.1.Middle East and Africa Market Share Analysis, By Value, 2021-2027 (In %)
           4.1.1.Middle East and Africa Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                 4.1.1.1.South Africa Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                 4.1.1.2.GCC Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                 4.1.1.3.Egypt Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                 4.1.1.4.Nigeria Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
                 4.1.1.5.Rest of Middle East and Africa Market Share Analysis, By Bike Type, By Value, 2021-2027 (In %)
           4.1.2.Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                 4.1.2.1.Middle East and Africa Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                 4.1.2.2.South Africa Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                 4.1.2.3.GCC Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                 4.1.2.4.Egypt Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                 4.1.2.5.Nigeria Market Share Analysis, By Model, By Value, 2021-2027 (In %)
                 4.1.2.6.Rest of Middle East and Africa Market Share Analysis, By Model, By Value, 2021-2027 (In %)
           4.1.3.Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                 4.1.3.1.Middle East and Africa Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                 4.1.3.2.South Africa Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                 4.1.3.3.GCC Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                 4.1.3.4.Egypt Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                 4.1.3.5.Nigeria Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
                 4.1.3.6.Rest of Middle East and Africa Market Share Analysis, By Sharing System, By Value, 2021-2027 (In %)
     4.2. Stellar Competition matrix
           4.2.1.Middle East and Africa Stellar Competition Matrix
     4.3.Key Players Benchmarking
           4.3.1.Key Players Benchmarking by Bike Type, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
     4.4. Mergers and Acquisitions in Industry
           4.4.1.M&A by Region, Value and Strategic Intent
     4.5.Market Dynamics
           4.5.1.Market Drivers
           4.5.2.Market Restraints
           4.5.3.Market Opportunities
           4.5.4.Market Challenges
           4.5.5.PESTLE Analysis
           4.5.6.PORTERS Five Force Analysis
           4.5.7.Value Chain Analysis
Chapter 5 Middle East and Africa Bike Sharing Market Segmentation: By Bike Type
     5.1.Middle East and Africa Bike Sharing Market, By Bike Type, Overview/Analysis, 2021-2027
     5.2.Middle East and Africa Bike Sharing Market, By Bike Type, By Value, Market Share (%), 2021-2027 (USD Million)
     5.3.Middle East and Africa Bike Sharing Market, By Bike Type, By Value, -
     5.3.1.E-bikes
     5.3.2.Conventional bikes
Chapter 6 Middle East and Africa Bike Sharing Market Segmentation: By Model
     6.1.Middle East and Africa Bike Sharing Market, By Model, Overview/Analysis, 2021-2027
     6.2.Middle East and Africa Bike Sharing Market Size, By Model, By Value, Market Share (%), 2021-2027 (USD Million)
     6.3.Middle East and Africa Bike Sharing Market, By Model, By Value, -
           6.3.1.Free-floating
           6.3.2.P2P
           6.3.3.Station based
Chapter 7 Middle East and Africa Bike Sharing Market Segmentation: By Sharing System
     7.1.Middle East and Africa Bike Sharing Market, By Sharing System, Overview/Analysis, 2021-2027
     7.2.Middle East and Africa Bike Sharing Market Size, By Sharing System, By Value, Market Share (%), 2021-2027 (USD Million)
     7.3.Middle East and Africa Bike Sharing Market, By Sharing System, By Value, -
           7.3.1.Dockless
           7.3.2.Docked
           7.3.3.Hybrid
Chapter 8 Middle East and Africa Bike Sharing Market Size, By Value, 2021-2027 (USD Million)
     8.1.1.South Africa
     8.1.2.GCC
     8.1.3.Egypt
     8.1.4.Nigeria
     8.1.5.Rest of Middle East and Africa
Chapter 9 Company Profiles
     9.1.Key Players
           9.1.1.Careem
                 9.1.1.1.Company Overview
                 9.1.1.2.Bike Type Portfolio
                 9.1.1.3.Financial Overview
                 9.1.1.4.Business Strategy
                 9.1.1.5.Key Developments
           9.1.2.Cyacle
           9.1.3.PBSC
     9.2.Key Findings
     9.3.Recommendations