Bike Sharing Market in NORDIC Countries Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The NORDIC Bike Sharing Market report is segmented by Bike Type (Traditional/Regular Bike and E-bike), Sharing System (Docked and Dockless), and Country (Sweden, Norway, Denmark, Finland, Iceland).

Bike Sharing Market in NORDIC Countries Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

NORDIC Bike Sharing Market Size

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NORDIC Bike-Sharing Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Medium

Major Players

NORDIC Bike-Sharing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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NORDIC Bike Sharing Market Analysis

The NORDIC bike-sharing market is poised to register a CAGR of over 6% during the forecast period (2020-2025).

  • NORDIC cities are implementing stricter regulations such as prohibiting the entry of motor vehicles in city centers and promoting electric vehicles in public transport, and other environment-friendly alternatives in city centers such as bike-sharing/ e-bike sharing.
  • Increasing traffic congestion, insufficient mass public transport, increasing rates of road fatalities, growing awareness among peoples for environmental concerns, will drive the bike-sharing market. Bike-sharing provides a convenient way of transportation at minimum cost without any hassle.
  • The current bike-sharing platforms are using various technologies such as IoT, QR codes, smart-locks, and GPS technology for providing dockless bike-sharing services. Dockless sharing does not have the requirement to distribute the fleet and from the user perspective, they don't have to face the hassle of finding an available docking station.
  • Citizens of countries such as Norway were always surrounded by digital solutions, and they trust on technology. Another fact which supports this point is strong network connectivity throughout the country, which supports online bike-sharing schemes.

NORDIC Bike Sharing Industry Overview

The NORDIC bike-sharing market is fragmented with the presence of the number of regional players active in each country, along with that new startups are entering into the market. The market is highly driven by factors like advanced technology, easy to use renting schemes, growing investment, and startups entering into new countries. To provide a more convenient experience to the commuter, major bike rental service providers are expanding their market reach and adding more advanced features in their bikes. For instance,

  • In 2018,oBike a Singapore based company launched its pilot project of dockless bicycle sharing service at the University of Oslo (UiO). Company bikes are equipped with smart locks and can be found through the app. The company plans to enter into other markets such as the Czech Republic, Greece, Italy, Norway, Poland, Portugal, and Sweden.
  • In 2018, CityBike a Finland based bike-sharing startup partnered with Stage Intelligence a scheme management solutions provider for including artificial intelligence in the bike-sharing platform.

NORDIC Bike Sharing Market Leaders

  1. Oslo City Bike

  2. Urban Sharing

  3. Smoove

  4. Rekola

  5. Malmö By Bike

  6. *Disclaimer: Major Players sorted in no particular order
Oslo City Bike, Urban Sharing, Smoove, Rekola, Malmö By Bike
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NORDIC Bike Sharing Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Bike Type
    • 5.1.1 Traditional/Regular Bike
    • 5.1.2 E-bike
  • 5.2 By Sharing System Type
    • 5.2.1 Docked
    • 5.2.2 Dockless
  • 5.3 By Country
    • 5.3.1 Sweden
    • 5.3.2 Norway
    • 5.3.3 Finland
    • 5.3.4 Denmark
    • 5.3.5 Rest of Nordic Region

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Oslo City Bike
    • 6.2.2 oBike
    • 6.2.3 Urban Sharing
    • 6.2.4 Smoove
    • 6.2.5 Saimaa Bikes
    • 6.2.6 Helsinki City bikes
    • 6.2.7 Rekola
    • 6.2.8 Malmo By Bike
    • 6.2.9 Bycyklen
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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NORDIC Bike Sharing Industry Segmentation

The NORDIC bike-sharing market is segmented by bike type (traditional/regular bike and e-bike rental), sharing system (docked and dockless), and by Country.

By Bike Type Traditional/Regular Bike
E-bike
By Sharing System Type Docked
Dockless
By Country Sweden
Norway
Finland
Denmark
Rest of Nordic Region
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NORDIC Bike Sharing Market Research FAQs

What is the current NORDIC Bike Sharing Market size?

The NORDIC Bike Sharing Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Who are the key players in NORDIC Bike Sharing Market?

Oslo City Bike, Urban Sharing, Smoove, Rekola and Malmö By Bike are the major companies operating in the NORDIC Bike Sharing Market.

What years does this NORDIC Bike Sharing Market cover?

The report covers the NORDIC Bike Sharing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NORDIC Bike Sharing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

NORDIC Bike-Sharing Industry Report

Statistics for the 2024 NORDIC Bike-Sharing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NORDIC Bike-Sharing analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.