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Europe Bike Sharing Market Analysis

The Europe Bike Sharing Market size is estimated at USD 3.04 billion in 2024, and is expected to reach USD 6.17 billion by 2029, growing at a CAGR of 15.64% during the forecast period (2024-2029).

Over the medium term, rising consumer inclination in the wake of growing awareness about the benefits offered by bike-sharing services across the region, the presence of prominent players is expected to drive demand in the market. Consumers today are unwilling to invest hugely in commodities that can be used for only a brief period. Therefore, players in Europe are also supporting and launching new services in European countries.

In May 2023, the micromobility industry welcomed the French government's EUR 2 billion investment in a new bicycle plan through to 2027. The new bicycle plan includes building infrastructure, renewing aid for cycle purchases and pedaling training courses at primary schools, and tripling the cycling modal share from 3% to 9%.

Moreover, the players in Europe, such as Fifteen, which powers public bike rental services in more than 30 cities in France and globally, are supporting the initiatives for decarbonizing the transportation sector and net zero emission goals.

The bike-sharing system is designed specifically for commuters who can pick up bicycles as per their need at convenient times and locations. With hassle-free, low maintenance, and cheap pricing, bike sharing is also becoming popular in the European markets. Chinese bike-sharing models mostly penetrated the European bike-sharing market. Today, several local operators are also starting up their bike-sharing businesses. Also, Bikes provide the added benefit of leaner volume, which significantly reduces traffic congestion.

The rise of E-bikes that provide the same utility as any two-wheelers with the added benefit of reduced ill-effects on the environment are also becoming popular amongst European countries. Many young engineers and entrepreneurs with experience in design and innovation see the E-bike industry as a massive opportunity, especially in the European markets. 

• May 2023: nextbike by TIER announced that it won the tenders to operate its bike-sharing systems in Santander, Arteixo, and the Bizkaia (Biscay) region, after the launch of four new systems in Spain at the start of 2023.

Germany, the United Kingdom, Belgium, and others are expected to hold a significant market share due to rising bike-sharing activities and infrastructure development across these countries.

Europe Bike Sharing Industry Segmentation

Bike sharing is a shared transporting service in which bikes and scooters are shared among individuals on a short-term basis for a better and more affordable price structure.

The European bike sharing market is segmented by rental duration type (short-term and long-term), application type (tourism and commuting), and country (Germany, the United Kingdom, Italy, France, and the Rest of Europe). The report offers market size and forecasts for the European bike sharing market in value (USD) and volume (units) for all the above-mentioned segments.