Bike Sharing Market Size in Nordic Countries to Grow by USD 94.85 Mn| The Increasing Traffic Congestion to boost market growth| Technavio
NEW YORK, March 7, 2022 /PRNewswire/ -- The latest Bike Sharing Market in Nordic Countries research report by Technavio infers that the increasing traffic congestion is driving this market's growth.
Resulting in the market growth of USD 94.85 million from 2021 to 2026, read additional information about the market, get FREE sample report.
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
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 are some of the few key vendors competing to maintain their market position in the market.
Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the bike-sharing industry.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Vehicle Type:
- Traditional Bike:
- Traditional bikes are typically parked, meaning that users must rent the bike from docks/stations and return it to the same docks/stations at the end of their journey. Fixed docking is a method in which the docking station has smart equipment that unlocks and locks the bike based on the fare payment and distance ridden, as well as keeping track of the number of miles, time, and excursions. During the forecast period, such handy aspects will fuel market expansion.
- E-bike
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Bike Sharing Market in Nordic Countries Value Chain Analysis
In order to optimize profit margins and evaluate company plans, an end-to-end understanding of the value chain is required. During the projected period, the data in our value chain analysis segment can assist vendors to reduce costs and improve customer service.
The value chain of the specialized consumer services market includes the following core components:
- Inputs
- Operations
- Outbound logistics
- Marketing and sales
- Support activities
- Innovations
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends, Driving the Bike Sharing Market in Nordic Countries
- Market Driver:
- The increasing traffic congestion:
There has been a spectacular growth in traffic congestion on roadways around the world. Increased traffic congestion in cities is ascribed to a rapidly growing population, rising GDP per capita, a spike in the working women population, and an exponential increase in urbanization. Bike-sharing is seen as a perfect answer to the growing problem of traffic congestion on roadways because it is a hassle-free, environmentally friendly, cost-effective, and healthy means of transportation.
- Market Trend:
- Rising adoption of dockless bike-sharing services:
In recent years, the number of dockless bikes has increased at an exponential rate. Without the need for parking or dock stations, these bikes can be picked up and dropped off anywhere. Furthermore, unlike in the past, when there were more concerns with broken and stolen dockless bikes, modern dockless bikes have GPS sensors. These sensors are easily trackable, and the location of a bike may be determined with ease. During the projection period, such initiatives by vendors will drive market expansion.
Find additional information about various other market drivers & trends mentioned in our FREE sample report.
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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. |
Table of Contents
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
About Us
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