Bike sharing is one of the most rapidly developing industries at the moment. The reasons for this phenomenal boost of interest in bike sharing programs are various. Urbanization, as well as environmental concerns, are the most prominent among them.
Due to more and more people moving from rural to urban areas, the population of cities is growing steadily. This leads to more demand for transportation and, in turn, more traffic. Regular as well as electric bike sharing, an alternative transportation mode, helps solve this issue and clean city roads, by taking a significant percentage of cars off of them.
At the same time, global warming is one of the most pressing issues the world is facing at the moment, forcing governing bodies to take immediate action. One way to help address this issue is by reducing air pollution, which is when bike sharing services come forward. Cars fueled by gas and petrol contribute to air pollution and harm the ozone layer. Bikes and e-bikes, on the other hand, do not produce greenhouse gasses and are safe for the environment.
The COVID 19 global pandemic led to the downfall of many businesses. The bike sharing industry is not an exception and suffered greatly as well. The high infection rates, travel restrictions as well as constantly renewed lockdowns decrease people’s desire to not only come out of the house but also interact with any foreign objects. As a result, the usage of bikes that were a part of the public bike sharing system, dropped.
On the flip side of this situation, the sales of bikes for personal use increased, only proving that people are interested in using an alternative transportation type and decreasing their carbon footprint.
On this note, let’s discuss what the future for the bike sharing system industry holds.
The Global Bike-Sharing Service Market accounted for US$3.7 billion in 2020. Furthermore, it is estimated to be US$21.3 billion by 2030, with a registered CAGR (compound annual growth rate) of 10.4%.
According to research and more estimations, the bike sharing market in Europe is going to expand at the highest rate. This will be the consequence of the European Union showing a significant amount of support for the culture of bike sharing.
Moreover, the demand for e-bikes is quite high in developing countries as well. Countries like China and India promote and support the spread of bike sharing companies. China in particular has a large market for e-bikes, with skyrocketing numbers of imports and exports. As per the Ministry of Industry and Information Technology of China, the export of electric bikes in the country was above 25 million in the first 10 months of 2020, resulting in around US$22 billion of revenue.
What is more important is the fact that these numbers grow steadily with each year.
ANIV has been in the electric bike and regular bike sharing industry for a few years. We continue to successfully integrate micro-mobility devices into the infrastructures of different cities around the world as well as promote the benefits of bike sharing in general.
We are very proud to be a part of the bike sharing industry and contribute to the spread of sustainable means of transportation. ANIV strives for quality, which is why our vehicles, including our best e bike, are always reliable, comfortable, and easy to ride.
On top of that, the ANIV platform that operates our bike sharing app, is fully customizable and user-friendly. Both the operator app and the rider app are made for the complete comfort of the user and do not require them to be tech-savvy.
We at ANIV are very excited to see where the future will take the bike sharing industry and we are even more excited to be a part of that journey.