Dave Conway wrote for Electric Ride Lab that bike-sharing services are rapidly gaining popularity around the world, with more and more cities across the world adding them to their mobility offerings. The concept is simple: users can pick up a bike from one of the many stations and use it for as long as they need to get around town in exchange for a fee.
Bike-sharing programs have proven to be effective in alleviating traffic congestion across various cities throughout Asia, Europe, and North America. In 2016, the United States was ranked behind only China and Italy when it comes to countries with the highest number of public-use bicycle programs according to data collated by Statista.
Despite these statistics, bike-sharing and other shared mobility services are yet to gain widespread adoption in the U.S. According to a survey conducted by German market and consumer data company Statista, bike-sharing had a 7.89% adoption rate among American adults in 2018.
Notwithstanding, the future of bike-sharing looks bright. Companies like Uber and Lyft already offer bike-sharing options in select markets. There’s no denying that bike-sharing services will play an increasingly important role in urban transportation in present-day America going forward.
To put this into perspective, here are some of the most interesting bike-share statistics you should know about.
1. Global Bike-sharing Made Significant Revenue Gains During the Coronavirus Pandemic
Mobility services were one of the worst hit sectors during the COVID-19 crisis. For the most part, people stayed home more due to stay-at-home orders and social distancing recommendations. This meant fewer trips were taken, and less money was spent on rides. However, the global bike-sharing industry saw strong growth in 2020.
The bike-sharing sector recorded significant growth in its global revenues in 2020, despite the heavy losses incurred by other mobility services during the COVID- 19 pandemic.
The gains were driven by the fact that governments worldwide implemented strict lockdowns and travel restrictions to slow down the spread of the virus. These measures helped reduce the demand for taxis, buses, trains, and cars but increased the usage of bikes. Bikes became the perfect mode of transport for getting around cities while staying safe.