NORDIC Bike Sharing Market Share

Market Share of NORDIC Bike Sharing Industry

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

*Disclaimer: Major Players sorted in no particular order