Enjoy complimentary customisation on priority with our Enterprise License!
The bike sharing market share in Nordic Countries is expected to increase by USD 94.85 million from 2021 to 2026, at a CAGR of 6.44%.
This bike sharing market in Nordic Countries research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bike sharing market in Nordic Countries segmentation by vehicle type (traditional bike and e-bike) and sharing system type (dockless and docked). The bike sharing market in Nordic Countries report also offers information on several market vendors, including Bikeshare Danmark AS, Donkey Republic Admin ApS, Helsinki Regional Transport Authority, Rekola Bikesharing sro, Saimaa Bikes, Smartbike Scandinavia, SMOOVE SAS, UIP Drift AS, Urban Sharing AS, and VAIMOO among others.
Download the Free Report Sample to Unlock the Bike Sharing Market Size in Nordic Countries for the Forecast Period and Other Important Statistics
The increasing traffic congestion is notably driving the bike sharing market growth in Nordic Countries, although factors such as risks of theft and the need for frequent maintenance may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bike sharing industry in Nordic Countries. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bike Sharing Market Driver in Nordic Countries
The increasing traffic congestion is one of the key drivers supporting the bike sharing market growth in Nordic Countries. Globally, there has been a phenomenal increase in traffic congestion on roads. Rapidly growing population, increasing GDP per capita, a surge in the working women population, and exponential growth in urbanization are attributed to the increasing traffic congestion in cities. As bike sharing offers a hassle-free, eco-friendly, cost-effective, and healthy mode of transport, it is considered an ideal solution for the growing issue of traffic congestion on roads. Bicycles address traffic congestion as they form a valid substitution for cars on short trips, contribute to the use of public transport by providing effective last-mile connectivity, and simply take up less space on the road. This factor will encourage several people to opt for bike sharing services in the coming years, thereby fueling the market growth
Key Bike Sharing Market Trend in Nordic Countries
The rising adoption of dockless bike-sharing services is another factor supporting the bike sharing market growth in Nordic Countries. There has been an exponential increase in the number of dockless bikes in recent years. These bikes can be picked up and dropped off anywhere without the need for parking or dock stations. Moreover, unlike earlier, when issues of damaged and stolen bikes were higher, the currently available dockless bikes come with GPS sensors. These sensors can be easily tracked, and the location of a bike can be found without any difficulty. In addition, users can locate the bikes available nearby through their smartphones by installing the appropriate app and unlocking the bikes by making payments online. However, as building a dock/parking station involves huge costs, vendors are focusing on introducing a greater number of dockless sharing bikes to mitigate the costs associated with dock. Such initiations by vendors will drive market growth during the forecast period.
Key Bike Sharing Market Challenge in Nordic Countries
The risks of theft and the need for frequent maintenance is one of the factors hindering the bike sharing market growth in Nordic Countries. The widespread theft issues are resulting in a scarcity of bicycles, which customers have started complaining about on social media. A deficit in the number of bicycles available over the actual count shown in the app is leaving customers dissatisfied. Furthermore, careless and improper riding practices, frequent falls (due to various improper riding practices), and numerous other reasons are forcing vendors to send bicycles for maintenance more frequently than the needed time interval. Hence, the aforementioned factors are expected to pose a substantial threat to vendors operating in the bike sharing market in Nordic during the forecast period.
This bike sharing market in Nordic Countries analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the bike sharing market growth in Nordic Countries as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bike sharing market in Nordic Countries during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the bike sharing market in Nordic Countries encompasses successful business strategies deployed by the key vendors. The bike sharing market in Nordic Countries is concentrated and the vendors are deploying growth strategies such as are expanding their market reach and adding more advanced features to their bikes to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The bike sharing market in Nordic Countries forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the bike sharing market in Nordic Countries, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the specialized consumer services market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
To gain further insights on the market contribution of various segments Request for a FREE sample
The bike sharing market share growth in Nordic Countries by the traditional bike segment will be significant during the forecast period. Traditional bikes are mostly docked, in which users have to start the trip by borrowing the bike from docks/stations and have to end the trip at designated docks/stations. Fixed docking is a system in which the docking station itself is smart equipment, which unlocks and locks the bike based on the fare payment and distance traveled and also records the number of miles, time, and trips traveled. Such convenient factors will drive the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bike sharing market size in Nordic Countries and actionable market insights on post COVID-19 impact on each segment.
Bike Sharing Market Scope in Nordic Countries |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.44% |
Market growth 2022-2026 |
$ 94.85 million |
Market structure |
Concentrated |
YoY growth (%) |
7.33 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bikeshare Danmark AS, Donkey Republic Admin ApS, Helsinki Regional Transport Authority, Rekola Bikesharing sro, Saimaa Bikes, Smartbike Scandinavia, SMOOVE SAS, UIP Drift AS, Urban Sharing AS, and VAIMOO |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 5
*Exhibit 04: Key Finding 6
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 06 Parent market
*Exhibit 07: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 08: Value chain analysis : Specialized Consumer Services
*2.2.1 Inputs
*2.2.2 Operations
*2.2.3 Marketing and sales
*2.2.4 Support activities
*2.2.5 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Vehicle Type
**5.1 Market segments
*Exhibit 20: Vehicle type - Market share 2021-2026 (%)
**5.2 Comparison by Vehicle type
*Exhibit 21: Comparison by Vehicle type
**5.3 Traditional bike - Market size and forecast 2021-2026
*Exhibit 22: Traditional bike - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Traditional bike - Year-over-year growth 2021-2026 (%)
**5.4 E-bike - Market size and forecast 2021-2026
*Exhibit 24: E-bike - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: E-bike - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Vehicle type
*Exhibit 26: Market opportunity by Vehicle type
***6 Market Segmentation by Sharing system type
**6.1 Market segments
*Exhibit 27: Sharing system type - Market share 2021-2026 (%)
**6.2 Comparison by Sharing system type
*Exhibit 28: Comparison by Sharing system type
**6.3 Dockless - Market size and forecast 2021-2026
*Exhibit 29: Dockless - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Dockless - Year-over-year growth 2021-2026 (%)
**6.4 Docked - Market size and forecast 2021-2026
*Exhibit 31: Docked - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Docked - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by Sharing system type
*Exhibit 33: Market opportunity by Sharing system type
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 34: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing traffic congestion
*8.1.2 Increasing focus on health and fitness
*8.1.3 Government initiatives to promote cycling
**8.2 Market challenges
*8.2.1 Risks of theft and need for frequent maintenance
*8.2.2 Increasing number and adoption of motor vehicles
*8.2.3 Scarcity of bicycle parking stations in rural areas
*Exhibit 35: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rising adoption of dockless bike-sharing services
*8.3.2 Rising popularity of bicycle touring
*8.3.3 Rise in venture capital investments
***9. Vendor Landscape
**9.1 Overview
*Exhibit 36: Vendor landscape
**9.2 Landscape disruption
*Exhibit 37: Landscape disruption
*Exhibit 38: Industry Risk
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 39: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 40: ?Market positioning of vendors?
**10.3 Bikeshare Danmark AS
*Exhibit 41: Bikeshare Danmark AS - Overview
*Exhibit 42: Bikeshare Danmark AS - Product and service
*Exhibit 43: Bikeshare Danmark AS - Key offerings
**10.4 Donkey Republic Admin ApS
*Exhibit 44: Donkey Republic Admin ApS - Overview
*Exhibit 45: Donkey Republic Admin ApS - Product and service
*Exhibit 46: Donkey Republic Admin ApS - Key offerings
**10.5 Helsinki Regional Transport Authority
*Exhibit 47: Helsinki Regional Transport Authority - Overview
*Exhibit 48: Helsinki Regional Transport Authority - Product and service
*Exhibit 49: Helsinki Regional Transport Authority - Key offerings
**10.6 Rekola Bikesharing sro
*Exhibit 50: Rekola Bikesharing sro - Overview
*Exhibit 51: Rekola Bikesharing sro - Product and service
*Exhibit 52: Rekola Bikesharing sro - Key offerings
**10.7 Saimaa Bikes
*Exhibit 53: Saimaa Bikes - Overview
*Exhibit 54: Saimaa Bikes - Product and service
*Exhibit 55: Saimaa Bikes - Key offerings
**10.8 Smartbike Scandinavia
*Exhibit 56: Smartbike Scandinavia - Overview
*Exhibit 57: Smartbike Scandinavia - Product and service
*Exhibit 58: Smartbike Scandinavia - Key offerings
**10.9 SMOOVE SAS
*Exhibit 59: SMOOVE SAS - Overview
*Exhibit 60: SMOOVE SAS - Product and service
*Exhibit 61: SMOOVE SAS - Key offerings
**10.10 UIP Drift AS
*Exhibit 62: UIP Drift AS - Overview
*Exhibit 63: UIP Drift AS - Product and service
*Exhibit 64: UIP Drift AS - Key offerings
**10.11 Urban Sharing AS
*Exhibit 65: Urban Sharing AS - Overview
*Exhibit 66: Urban Sharing AS - Product and service
*Exhibit 67: Urban Sharing AS - Key offerings
**10.12 VAIMOO
*Exhibit 68: VAIMOO - Overview
*Exhibit 69: VAIMOO - Product and service
*Exhibit 70: VAIMOO - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 71: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 72: ?Research Methodology
*Exhibit 73: ??Validation techniques employed for market sizing?
*Exhibit 74: ??Information sources
**11.4 List of abbreviations
*Exhibit 75: List of abbreviations
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.