Middle East & Africa Bike Sharing Market : by Type, Sharing Type, Model, To Reach USD 356.72 Million By Year 2030

The motorcycle sharing landscape varies across the MEA place. While some towns enthusiastically include motorbike sharing, others come across demanding situations like inadequate infrastructure, protection problems, and cultural factors influencing adoption prices. Bike sharing offerings in the MEA vicinity discover numerous applications, serving quick commutes, sightseeing, exercising, and enjoyment. They in particular excel in offering a ultimate-mile connectivity alternative, efficaciously bridging the space among transit stops and very last locations for commuters using public shipping.

Middle East & Africa Bike Sharing Market Size Was Valued at USD 273.00 Million in 2022 and is Projected to Reach USD 356.72 Million by 2030, Growing at a CAGR of 3.40% From 2023-2030.

Bicycle sharing , a device enabling people to lease motorcycles for brief periods affordably, has emerged as an innovative solution for city transportation inside the Middle East and Africa (MEA). This technique offers convenient, eco-friendly mobility, catering to the location's efforts to ease visitors congestion, encourage healthier lifestyles, and slash carbon emissions. Bike-sharing offerings inside the MEA place find diverse programs, serving quick commutes, sightseeing, exercising, and entertainment. They especially excel in presenting a last-mile connectivity option, effectively bridging the gap between transit stops and final locations for commuters using public delivery.

Encouraged with the aid of growing urbanization, growing environmental attention, and authorities backing for sustainable delivery, the MEA motorcycle-sharing marketplace displays promising increase. Nations like the United Arab Emirates, South Africa, and Morocco witness the establishment and increase of motorcycle-sharing networks, frequently via collaborations between public and personal entities.

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Careem Bike, Cyacle, ArborBike, Nextbike, Donkey Republic, GoBike, Nablus Bike Share, Bbox, Mobike, HelloRide, EasyWheels, PBSC, and Other Major Players

Market Dynamics and Factors:???????????

The Middle East and Africa are experiencing a growing trend centered on prioritizing cycling infrastructure and promoting a biking culture. This movement is fueled by various advantages that specifically cater to the region's distinct needs and challenges. Enhancing accessibility and ensuring safety are crucial factors. The introduction of dedicated cycling lanes tackles safety issues prevalent in crowded urban areas, encouraging both families and commuters to adopt cycling as a dependable mode of transportation. Implementing measures like roundabouts for traffic calming purposes not only improves safety but also creates a conducive environment for cyclists and pedestrians alike.

The Middle East and Africa are expected to hold great potential for advancing their bike-sharing markets by embracing cutting-edge technologies, aiming to enhance user experiences and expand market reach. The integration of advanced technologies offers a promise of increased convenience and efficiency, particularly vital in regions seeking to streamline transportation systems. Innovative smart locking systems, utilizing RFID or Bluetooth, enable swift and hassle-free bike access, reducing waiting times for users. Mobile apps providing real-time bike availability and trip tracking empower users with immediate information, simplifying planning and utilization of bike-sharing services. Furthermore, offering various payment options aligns with the region's digitalization trends, making transactions more straightforward. Merging bike-sharing with other transportation modes significantly enhances accessibility and convenience. This multimodal integration facilitates seamless connections between bikes and public transport, addressing the common challenge of last-mile commuting in many cities across the Middle East and Africa.

The Bike Sharing Market Report Highlight:

• By Type,?the?Traditional Bike segment is expected to dominate the market during the forecast period. Traditional bikes are considerably more affordable than e-bikes, making them accessible to a broader consumer base, particularly in regions with lower average incomes. The cost-effectiveness of traditional bikes appeals to many individuals, especially in areas where economic constraints prevail. By Sharing Type,?the Dockless segment held the largest share of 70% in 2022. The flexibility and convenience offered by dockless systems stand as a primary driver of their dominance. Users appreciate the freedom to locate and drop off bikes within specified zones without the constraints of fixed docking stations. This flexibility is especially appealing in densely populated urban areas where finding available docking points can be challenging with docked systems. By Country,?The United Arab Emirates (UAE) has emerged as a frontrunner in the bike-sharing market within the Middle East and Africa region, holding a substantial market share of approximately 25%. This leading position owes itself to several influential factors that have propelled the growth and adoption of bike-sharing initiatives within the country.

Key Industry Facts in the Middle East & Africa Bike Sharing Market:

In April 2023,?Careem Bike appointed PHAR as its exclusive partnership agency. PHAR Partnerships is thrilled to officially announce its appointment by Careem BIKE as its exclusive partnership agency. Careem BIKE aims to enhance livability through sustainable, eco-friendly transport, boasting 175 stations and 1,750 E-Bikes in Dubai, expanding to 65 stations and 700 E-Bikes. PHAR launched the Careem Bikeshare Partnership Programme to collaborate with firms aligning with the UAE's eco-transport vision.

In October 2023,?Careem Bike, integrated into the Careem Everything App, has played a significant role in environmental sustainability by offsetting a substantial 2,976,482 tons of CO2, akin to the emissions of 834 cars. This initiative aligns with the UAE's ambitious objective to slash emissions by 40% before 2030. Concurrently, Careem's ride-hailing sector witnessed a remarkable shift, with 53% of trips in 2023 completed through hybrid or electric vehicles. This fleet upgrade comprises over 75 electric Teslas and more than 1,400 hybrids, which, compared to internal-combustion engines, emit a mere one-third of emissions. Careem's proactive efforts underscore a commitment to promoting cleaner transportation and aiding the UAE's eco-friendly targets, marking a substantial step towards sustainable mobility solutions.

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Middle East & Africa Bike Sharing Market Regional Insights:

United Arab Emirates (UAE) Currently Leads The Bike-Sharing Market In The Middle East And Africa Region

• The United Arab Emirates (UAE) has emerged as a frontrunner in the bike-sharing market within the Middle East and Africa region, holding a substantial market share of approximately 25%. This leading position owes itself to several influential factors that have propelled the growth and adoption of bike-sharing initiatives within the country.
• One of the key factors contributing to the UAE's prominence in the bike-sharing realm is its early adoption of such programs. Initiatives like Dubai's 'Careem Bike' and Abu Dhabi's 'Biky' were launched as early as 2018-2019, signifying the nation's proactive approach towards embracing bike-sharing solutions ahead of other regional counterparts.

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