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Bike-sharing - France

France

France is projected to generate revenue of US$74.10m in the Bike-sharing market by 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 3.03%, which will result in a projected market volume of US$86.04m by 2029.
The number of users in this market is expected to reach 1.81m users by 2029, with a user penetration of 2.5% in 2024 and 2.8% by 2029.
The average revenue per user (ARPU) is expected to be US$45.20.
By 2029, 97% of total revenue will be generated through online sales in this market.
In comparison to other countries, China is expected to generate the most revenue in the Bike-sharing market with US$5,515m in 2024.
France's bike-sharing market is dominated by established players like Vélib', but new entrants are gaining traction with electric bike offerings.

Key regions: South America, Malaysia, India, Indonesia, Saudi Arabia

Definition:

The Bike-sharing market includes short-term bike-sharing services. In bike-sharing services, bicycles are generally owned by a bike-sharing provider and are independently reserved by customers around the clock. Customers are required to open an account with the bike-sharing provider and can then reserve bicycles. This is usually done with a smartphone app, but there are also service providers that allow reservations to be made via the provider's website, by telephone, or at a terminal.

The two most frequently used bike-sharing varieties are the following: station-based (e.g., Stadtrad and Citi Bike New York) and free-floating (such as nextbike and ofo). With station-based bike-sharing, a bicycle is retrieved from a bike-sharing station and returned to either the same station or dropped off at another station. With free-floating bike-sharing, it is possible to find bicycles everywhere within the service provider's business zone and leave the bicycle anywhere in accordance with traffic regulations. Peer-to-peer bike-sharing is not included in the market definition of this market. Moped-sharing services are not available in all countries; thus, only a limited number of countries and regions can be selected.

Additional Information:

The main performance indicators of the Bike-sharing market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

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Analyst Opinion

The Bike-sharing market in France has been experiencing significant growth in recent years.

Customer preferences: One of the key reasons for the growth of the Bike-sharing market in France is the changing preferences of customers. With increasing awareness about environmental issues and the need for sustainable transportation options, more and more people in France are opting for bike-sharing services. This trend is particularly popular among urban dwellers who are looking for convenient and cost-effective ways to commute within the city. Additionally, the rise of health and fitness consciousness among the population has also contributed to the growing demand for bike-sharing services.

Trends in the market: The Bike-sharing market in France is witnessing several trends that are driving its growth. Firstly, there has been a proliferation of bike-sharing companies in the country, offering a wide range of services to cater to different customer needs. These companies are not only providing traditional bike-sharing services but also introducing innovative features such as electric bikes and dockless systems. This diversification of services has attracted a larger customer base and increased the overall demand for bike-sharing in France. Another trend in the market is the integration of bike-sharing services with other modes of transportation. Many cities in France have implemented bike-sharing programs as part of their public transportation systems, allowing customers to easily switch between bikes and other modes of transport such as buses and trains. This integration has made bike-sharing a more convenient and seamless option for commuters, further boosting its popularity.

Local special circumstances: France has a strong cycling culture, with a significant portion of the population regularly using bicycles for transportation and recreation. This cultural affinity towards cycling has created a favorable environment for the growth of the Bike-sharing market. Additionally, the country's well-developed infrastructure, including dedicated cycling lanes and bike-friendly urban planning, has made it easier for bike-sharing companies to operate and attract customers.

Underlying macroeconomic factors: The growth of the Bike-sharing market in France is also influenced by macroeconomic factors. The country's stable economy and high disposable income levels have made it possible for people to afford bike-sharing services. Furthermore, government initiatives promoting sustainable transportation and reducing carbon emissions have provided a supportive regulatory environment for bike-sharing companies to thrive. In conclusion, the Bike-sharing market in France is experiencing significant growth due to changing customer preferences, the emergence of new trends, favorable local circumstances, and underlying macroeconomic factors. As more people in France prioritize sustainability and seek convenient transportation options, the demand for bike-sharing services is expected to continue to rise.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bike-sharing services.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.