
Russia Bike Sharing Market Size Was Valued at USD 26.53 Million in 2023 and is Projected to Reach USD 35.38 Million by 2030, Growing at a CAGR of 4.20% % From 2023-2030.
Top Key Players:
"Yandex.Drive (Russia), Delimobil (Russia), CityBike (Russia), Velobike (Russia), Lime (US), Bird (US)Mobike (China), Ofo (China), Donkey Republic (Denmark), Byke (Russia), Bike-For-Me (Russia), Gett (Israel), Wind (US), Spin (US), Bolt (Estonia), Anytime (Russia), Nextbike (Germany), Tier (UK), O'Velo (Russia), RedBike (Russia) 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.
Moscow is Expected to Dominate the Market Over the Forecast Period.
Source - Statista
The revenue of the bike-sharing market in Russia demonstrated a steady growth trend from 2018 to 2019, reaching 20.3 million USD and 22.14 million USD, respectively. However, the year 2020 saw a significant surge in revenue, amounting to 28.66 million USD, likely driven by the COVID-19 pandemic, which prompted a shift in mobility preferences towards safer and socially distant transportation options. Despite a slight decline in revenue in 2021 (25.55 million USD) and 2022 (21.8 million USD), the figures remained higher than pre-pandemic levels, indicating the bike-sharing market's resilience and potential as a sustainable urban mobility solution in Russia. The data underscores the industry's adaptability to changing circumstances and its continued relevance in meeting evolving transportation needs in the country.
In May 2023, TIER partnered with Sight Loss Councils to launch a campaign highlighting the impact of poor e-scooter and e-bike parking on visually impaired individuals. Joint videos were created to raise awareness about the challenges faced by the visually impaired community due to improperly parked micromobility vehicles.
Russia Bike Sharing Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2023: |
USD 26.53 Mn. |
Forecast Period 2023-30 CAGR: |
4.20% |
Market Size in 2030: |
USD 35.38 Mn. |
Segments Covered: |
By Bike Type |
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By Sharing System |
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By User Type |
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Russia Bike Sharing Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2023: |
USD 26.53 Mn. |
Forecast Period 2023-30 CAGR: |
4.20% |
Market Size in 2030: |
USD 35.38 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
Russia Bike Sharing Market Size Was Valued at USD 26.53 Million in 2023 and is Projected to Reach USD 35.38 Million by 2030, Growing at a CAGR of 4.20% % From 2023-2030.
The bike sharing market in Russia is relatively new but growing rapidly. The concept of bike sharing, where bicycles are made available for rent on a short-term basis, has gained popularity in major cities across the country. There are several major players in the Russian bike sharing market, including Yandex.Bike, which is owned by the popular tech company Yandex.
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.
Yandex.Drive (Russia), Delimobil (Russia), CityBike (Russia), Velobike (Russia), Lime (US), Bird (US)Mobike (China), Ofo (China), Donkey Republic (Denmark), Byke (Russia), Bike-For-Me (Russia), Gett (Israel), Wind (US), Spin (US), Bolt (Estonia), Anytime (Russia), Nextbike (Germany), Tier (UK), O'Velo (Russia), RedBike (Russia) and Other Major Players.
The forecast period in the Bike Sharing Market research report is 2023-2030.