Bike Sharing Market Regional Analysis

Cities the size of New York, San Francisco, and Montreal now have mature bike-sharing systems. North America, which encompasses cities such as New York, San Francisco, and Montreal, leads the world in city bike sharing. The region benefits from a tight integration of technology, world-class infrastructure, and a greater importance of public health and sustainability. Cities have invested heavily into bicycle-sharing programs as part of a traffic congestion eases strategy with green traveling alternatives. North America enjoys a strong market position; further leading factors are the presence of many industry leaders' bike-sharing firm companies. In addition, more and more people becoming aware of the health benefits from riding propels more people towards the bike-sharing programs, thus making them an attractive option for both leisure and urban commutes.

Asia-Pacific would witness the fastest growth in bike-sharing as it was witnessed to accompany rapid urbanization and the need for cost-effective transportation options there. China and India are at the fore of this, as dockless bike-sharing services have gained popularity in cities such as Beijing and Shanghai. People facing congested metropolitan environments find such solutions appealing because they are flexible and convenient. The initiatives in the market also include government measures, which encourage cycling as an environmentally friendly medium of transportation. Further, rising disposable incomes and a trend towards more eco-friendly modes of transportation are supporting growth prospects for bike-sharing across Asia-Pacific.