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.

The Middle East & Africa Bike Sharing Market region is witnessing rapid growth, driven by a combination of factors including urbanization, congestion, sustainability initiatives, and increasing awareness of the benefits of cycling. Bike-sharing services, which provide short-term bicycle rentals for users, are gaining popularity as convenient and eco-friendly transportation options in urban areas across the region.

One of the primary drivers of the bike-sharing market in the MEA region is the rapid urbanization and population growth occurring in many cities. With urban populations on the rise, there is a growing need for efficient and sustainable transportation solutions to alleviate congestion and reduce reliance on motor vehicles. Bike-sharing services offer a flexible and cost-effective alternative for short-distance travel, particularly in dense urban environments where parking is limited and traffic congestion is a major concern.

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Top Key Players Covered in the Middle East & Africa Bike Sharing Market:

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

 The Global Middle East & Africa Bike Sharing Market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key development drivers is enhanced. Boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down to estimate the market size. The research examines the competitive landscape as well as the most current positions of major rivals in the keyword industry.

Segmentation Analysis Of The Middle East & Africa Bike-Sharing Market     

Middle East & Africa Bike Sharing Market Segments Cover Type, Nature, Distribution Channel, And End-Users. By Type, the Powder segment is Anticipated to Dominate the Market Over the Forecast period.

By Type          

• Traditional Bike
• E-bike

By Sharing Type        

• Docked
• Dockless
• Hybrid

By Model       

• Free-floating
• P2P
• Station based

 By Region     

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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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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4) Learn about the Middle East & Africa Bike Sharing Market strategies that are being adopted by leading respective organizations.

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