
The Philippines Bike Sharing market size was valued at $ 37.57million in 2023, and is projected to reach $ 76.52 million by 2030, registering a CAGR of 9.30% from 2023 to 2030.
Bolt (Estonia), Helloride (Philippines), Lyft Bikes (US), Lime (US), Tier (Germany), Bird (US), CitiBike (US), SG Bike (Singapore), Citizen (Philippines), OFO (China), Mobike (China), JoyRide Bikes (Philippines), Bisikleta Manila (Philippines), SAVA Bikes (Philippines), Bambike Ecotours (Philippines), Cyclelogy (Philippines), Iwheely (Philippines), Beepbeep.ph (Philippines), Green Pedals (Philippines), Ready2Bike (Philippines), 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 data for the bike-sharing market in the Philippines from 2018 to 2022 reveals a consistent upward trend, with notable growth even during the challenging year of 2020, which was heavily impacted by the Covid-19 pandemic. Starting at 15.08 million USD in 2018 and reaching 29.15 million USD in 2022, the steady increase in revenue showcases the industry's resilience and adaptability. Despite the disruptions caused by the pandemic, the bike-sharing market demonstrated its importance as an alternative and sustainable transportation option, reaffirming its promising future in the Philippines.
In June 2023, Bolt announced its partnership with Starship Technologies, the world leader in autonomous delivery vehicles. The collaboration aimed to improve Bolt's services and have a positive impact on cities by utilizing autonomous delivery technology. In the past tense, Bolt had constantly strived to enhance its operations and make a difference in urban environments.
In September 2021, Lime announced the launch of its "Lime Access" scheme in Australia and New Zealand, introducing discounted rides of at least 50% to support lower-income users and improve transportation access. The initiative aimed to break down barriers for underserved communities by providing affordable micro-mobility options.
The Philippines Bike Sharing Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2023: |
USD 37.57 Mn. |
Forecast Period 2023-30 CAGR: |
9.30% |
Market Size in 2030: |
USD 76.52 Mn. |
Segments Covered: |
By Bike Type |
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By Sharing System |
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By User Type |
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The Philippines Bike Sharing Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2023: |
USD 37.57 Mn. |
Forecast Period 2023-30 CAGR: |
9.30% |
Market Size in 2030: |
USD 76.52 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 The Philippines Bike Sharing Market research report is 2023-2030.
Bolt (Estonia), Helloride (Philippines), Lyft Bikes (US), Lime (US), Tier (Germany), Bird (US), CitiBike (US), SG Bike (Singapore), Citizen (Philippines), OFO (China), Mobike (China), JoyRide Bikes (Philippines), Bisikleta Manila (Philippines), SAVA Bikes (Philippines), Bambike Ecotours (Philippines), Cyclelogy (Philippines), Iwheely (Philippines), Beepbeep.ph (Philippines), Green Pedals (Philippines), Ready2Bike (Philippines), 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 bike sharing market in the Philippines is projected to experience significant growth in the coming years. This growth is driven by several factors that address the country's need for sustainable and efficient transportation solutions, reduction of air pollution, and improving first and last-mile connectivity. The Philippines faces severe air pollution, making it one of the most polluted countries in Southeast Asia. In response to this concern, bike sharing is increasingly seen as an attractive option to reduce air pollution and alleviate traffic congestion.
The Philippines Bike Sharing market size was valued at $ 37.57million in 2023, and is projected to reach $ 76.52 million by 2030, registering a CAGR of 9.30% from 2023 to 2030.