
The Kuwait Bike Sharing market size was valued at $4.16 million in 2022, and is projected to reach $5.46 million by 2030, registering a CAGR of 3.43% from 2022 to 2030
BikeKuwait (Kuwait), Yego (Kuwait), Careem (UAE), PickMe (Sri Lanka), Beecycl (Kuwait), Swvl (Egypt), Uber (US), EBike (Kuwait), City Bike (Kuwait), Green Bike (Kuwait), Cliq (Kuwait), Obike (China), Mobike (China), Ofo (China), Lime (US), Jump (US), Bird (US), Spin (US), Tier (Germany), Dott (Netherlands), and Other Major Players.
Bike Sharing market is segmented into the Bike Type, Sharing System, and User Type. By Bike Type, E-bike segment is Anticipated to Dominate the Market Over the Forecast Period.
The revenue of the bike-sharing market in Kuwait has shown a consistent upward trend from 2018 to 2022, increasing from 2.58 million USD in 2018 to 3.15 million USD in 2022. This growth reflects the positive response from consumers towards eco-friendly transportation solutions and the efforts of bike-sharing companies in providing convenient and sustainable mobility options. Factors such as increasing environmental awareness, the promotion of health and wellness, and collaborations with public transport systems likely contribute to the market's steady expansion, making it a promising and thriving sector in Kuwait's urban mobility landscape.
In May 2023, TIER and Sight Loss Councils collaborated to produce a campaign highlighting the harm that improper e-scooter and e-bike parking causes to people who are blind or visually impaired. Joint videos were produced to spread awareness of the difficulties the visually impaired community faces as a result of micromobility vehicles being parked incorrectly.
In September 2021, in order to support customers with lower incomes and increase access to transportation, Lime announced the expansion of its "Lime Access" program to Australia and New Zealand. This program will offer reduced trips of at least 50%. The program's objective was to lower obstacles for marginalized populations by offering reasonably priced micromobility solutions.
Kuwait Bike Sharing Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 4.16 Mn. |
Forecast Period 2023-30 CAGR: |
3.43% |
Market Size in 2030: |
USD 5.46 Mn. |
Segments Covered: |
By Bike Type |
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By Sharing System |
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By User Type |
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Kuwait Bike Sharing Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 4.16 Mn. |
Forecast Period 2023-30 CAGR: |
3.43% |
Market Size in 2030: |
USD 5.46 Mn. |
Segments Covered: |
By Bike Type |
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By Sharing System |
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By User Type |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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1. INTRODUCTION
1.1. RESEARCH OBJECTIVES
1.2. RESEARCH METHODOLOGY
1.3. RESEARCH PROCESS
1.4. SCOPE AND COVERAGE
1.4.1. Market Definition
1.4.2. Key Questions Answered
1.5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
5.1. PORTER’S FIVE FORCES ANALYSIS
5.1.1. Bargaining Power Of Supplier
5.1.2. Threat Of New Entrants
5.1.3. Threat Of Substitutes
5.1.4. Competitive Rivalry
5.1.5. Bargaining Power Among Buyers
5.2. INDUSTRY VALUE CHAIN
The forecast period in the Kuwait Bike Sharing Market research report is 2023-2030.
BikeKuwait (Kuwait), Yego (Kuwait), Careem (UAE), PickMe (Sri Lanka), Beecycl (Kuwait), Swvl (Egypt), Uber (US), EBike (Kuwait), City Bike (Kuwait), Green Bike (Kuwait), Cliq (Kuwait), Obike (China), Mobike (China), Ofo (China), Lime (US), Jump (US), Bird (US), Spin (US), Tier (Germany), Dott (Netherlands), and Other Major Players.
The Bike Sharing Market is segmented into Bike Type, Sharing System, and User Type. By Bike Type, the market is categorized into Traditional Bike, E-bike. By Sharing System, the market is categorized into Docked, Dockless. By User Type, the market is categorized into Tourists and Visitors, Regular Commuters.
The future of bike-sharing in Kuwait appeared promising, as the country continued to embrace sustainable urban planning and sought innovative ways to enhance its transportation network. The bike-sharing market had the potential to expand further, with the possibility of integrating bike-sharing services with existing public transportation systems. This integration would encourage multi-modal travel and provide last-mile connectivity, making bike-sharing an attractive option for daily commuter.
The Kuwait Bike Sharing market size was valued at $4.16 million in 2022, and is projected to reach $5.46 million by 2030, registering a CAGR of 3.43% from 2022 to 2030