In 2019, the US population used ride-sharing products such as bicycles and scooters 60% more frequently than in 2018. Considering this, it is no wonder that cities worldwide are developing infrastructure to give their citizens a more convenient means of travel by micro-mobility vehicles. Let’s proceed with the article to learn all the essentials concerning the differences between bike-sharing and scooter-sharing!
Why Are Ride-sharing Transports Relevant?
Are you worried about COVID-19? Yet you want to go to work, college, or visit friends. Through ride-sharing modes such as bicycle sharing and scooter sharing, you’ll be in safe hands!
It should come as no surprise that recently, The Conversation published a news article where they outlined how ubiquitous cycling has become in Australia and beyond amid the Coronavirus. The newspaper mentions that thousands worldwide are queuing up at bike shows to get a reliable and safe transport mode.
Furthermore, as The New York Times writes, the use of bike-share services has recently skyrocketed in NY, with the population using bikes 67% more frequently in March 2020 compared with 2019’s same period. After all, wouldn’t you like to own a trusty and healthy transport mode that also comes at a reasonable price?
How Does a Bike-sharing System Compare with Scooter-sharing?
Let’s have a look at the highlights of a cycling news story that recently made headlines. At MIT, researchers compared the benefits offered by bike and scooter-sharing companies from the perspective of Marina Bay (Singapore) and the NUS campus (Singapore). Overall, the researchers discovered a growing trend in the frequency of sharing scooters, with the number of units decreasing. Guess what? The team concluded that scooter-sharing performs better than bikes on average.
Moreover, the frequency increased to more than three times a day from just less than a single share concerning bicycle-sharing. Though, the researchers report that the industry can significantly grow in the future, producing much profit for bike-sharing companies.
In fact, some reports suggest that there are about 900 bike-sharing systems in the world, and the industry sees much development each year. When it comes to revenues, some researchers claim that by 2025 the figure for the bike-sharing market will grow to $5 billion from today’s $2.7 billion. Exciting, right?
Imagine how amazing it would be to have a bike-sharing system in your very own city where renting a bike for a few hours would be as easy as taking a taxi. But guess what: compared with bike-sharing practices, the e-scooter market will increase to $50 billion by 2050, according to The Boston Consulting Group. Also, it’s pretty fascinating that interest in electric scooter services is incredibly high in Europe and the United States. So if you live in the US or the European Union and neighbouring countries, these recent developments will undoubtedly be down your alley.
While there are some quite noticeable differences between e-scooter and bike-sharing services, the overall micro-mobility market is increasingly gaining popularity year by year. In fact, micro-mobility transport modes have already become the top choice for short-distance travel in various parts of the world. And the industry is only predicted to grow in years to come! Thus, it comes as no surprise that more and more companies decide to start micro-mobility sharing services.
Today ride-sharing transport modes are emerging as market leaders in various locations. While it is certainly beneficial that you will soon have a micro mobility-sharing network in the vicinity of your house, picking up all the essentials concerning the differences between the top transport modes is key.
No matter whether you opt for bike-sharing or scooter-sharing, you will get a trusty way for entertainment and travel.