This report provides Transforma Insights’ view on the Bike & Scooter Sharing Application Group. Over the past few years, increasing demand for economical, flexible, and convenient alternatives for commuting and micromobility has fuelled the bike and scooter sharing market. Advancements in regulations for micromobility sharing applications and a focus on sustainability are likely to propel the overall market. Dockless bike sharing in particular has gained prominence due to its ease of use (in terms of locating and tracking) through a smartphone application. China, Europe, and the US are the key markets with successful systems operated by Bird, Bolt, Lime, and Jump, amongst others.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue.
A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The “Market Forecast” section begins with a list of some programs which show the growth of the global bike sharing market. For instance, after 2008, the Hangzhou district authority launched a public bike sharing scheme with 4,900 bicycles that expanded to 50,000 within a year.
The report then examines key factors that are influencing the development of the market, including:
This section of the report lists some of the drivers behind the rising adoption of Bike & Scooter Sharing (like the additional transportation flexibility it provides users) and claims that local authorities are likely to introduce measures to alleviate congestion and reduce urban pollution. It explains how micromobility schemes make them a compelling short-term solution for cities looking to reduce congestion or ease the burden on their public transport networks. It also charts how the COVID-19 pandemic accelerated the adoption of bike and scooter sharing trend, owing to reasons such as the ability to be socially distanced and related health benefits. For instance, in 2020, bicycle sales were up 65% in the US and electric bike sales by 145%.
This section talks about the connectivity technology that are used in these devices and their advantages. For instance, cellular IoT (particularly LPWA networks) increases the lifespan of bikes and scooters and helps in service diagnostics and logistics.
The report also talks about how docked or station-based bike sharing (which was prominent until 2015) has been replaced with dockless systems around the world, and the features of this new dockless model (such as offering a more flexible bike sharing experience).
It also mentions that privately funded dockless bike sharing systems are emerging as well. For instance, since 2017, there has been an advent of a dockless bike sharing interface that currently accounts for more than 44% of all bike sharing vehicles in the US.
The report also talks about some of the factors that may hamper the growth of the market in the upcoming time like the lack of support or sympathy from local authorities. Besides, while initially, limited laws and regulations resulted in many companies entering the market, many dockless schemes left vehicles in inconsiderate places, blocking pavements, and restricting access, making them unpopular, eventually bankrupting companies such as Ofo and Bluegogo.
This section of the report focuses on how new regulations have been introduced owing to the increasing popularity of bike and scooter sharing services. It then focuses on some of the regulations in the developed markets (like services being barred for children below 12 years in China and the US) and also mentions certain Southeast Asian countries (such as Singapore, Indonesia, Thailand, India, and Malaysia) which have a significant bike sharing population but are yet to have more defined bike sharing laws and infrastructure.
The report also contains some examples of relevant IoT deployments in this application. For instance, Kumpan, an e-scooter manufacturer, partnered with Telit to design silent and connected e-scooters in Europe, and Veo partners with Hologram for cellular IoT that helps avoid potential issues in scooter shipments overseas.
The key vendors section lists some of the main providers of products and services related to the market such as Bird, Bolt, JUMP, Lime, Lyft, Capital Bikeshare, DiDi, and Tier Mobility. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of bike and scooter sharing devices which will grow from 22.8 million in 2020 to 61.4 million in 2030.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the bike and scooter sharing application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Bike & Scooter Sharing Application Group will grow at a CAGR of 11%.
