Italy Bike Sharing Market Future Scope, Market Trends, Key Players and Forecast To 2027

pranit savgave

Nov 15, 2022 • 3 min read

Italy Bike Sharing Market

Italy Bike Sharing Market Overview:

A research team conducted extensive primary and secondary research for the Italy Bike Sharing market analysis. Secondary research was carried out to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.

According to a survey performed in May 2020 in Italy, 60% of people said they ride their bike or use a bike sharing system. The biggest percentage of bikers was found in the country's north-east, where 73.6% of people stated they ride their bikes at least once a week. Only 47.7% of respondents in the south of the country, on the other hand, said they did use the bike sharing. Italy bike sharing market is expected to register CAGR of 5% during the forecast period.

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Italy Bike Sharing Market Dynamics:

In Rome, Uber bike sharing costs €0.50 to unlock the bike and then €0.20 per minute after that. At this stage, the bikes are very easy to find around the city, but you can also lock your bike for up to 60 minutes while you run errands or go sight-seeing. The entire cost is typically far less than renting a bike for the day in Rome (which can easily cost €20), plus you have the freedom of dumping the bike anywhere you like and locking it for the next person to use.

Rome is the first Italian city to debut the bikesharing scheme, with 700 bicycles appearing across the city, and a further 2,800 planned to be deployed over the coming weeks. Uber Jump bicycles now available in Rome. Rome`s mayor, Virginia Raggi, has announced the launch of bikesharing service JUMP for the Italian capital.

Italy Bike Sharing Market Segmentation:

The new public bike sharing system of the Italian Municipality of Trieste was officially inaugurated on Monday, 3 February 2020 in the city`s Piazza Libertà. The system, known as BiTS, is being implemented as part of the city's 'Integrated Sustainable Urban Development Plan' (PISUS) at a cost of €390,000, with funds made available by the Friuli Venezia Giulia Region and the Municipality of Trieste. The aim of the system is to develop sustainable mobility by promoting walking and cycling to reduce urban pollution and by offering an ecofriendly mobility service to tourists visiting the city.

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Italy Bike Sharing Market Key players:

BiTS
Bikemi
Mobike
Ofo
JUMP Bike

COVID-19 Impact on Italy Bike Sharing market:

The Italy Bike Sharing market has been significantly impacted by the COVID-19 outbreak. The development of Italy Bike Sharing production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Additionally, travel restrictions and facility closures have hampered staff visits, limiting the Italy Bike Sharing market's growth in 2020. However, given the high demand for Italy Bike Sharing, COVID-19's market effects are expected to be transitory. The industry is expected to recover completely by early 2021.

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