Japan Bike Sharing Service Market Report by Business Model (Station-Based, Dockless), Bike Type (E-Bike, Conventional Bicycle), User Age Group (Age 18-24, Age 25-34, Age 35-44, and Others), and Region 2024-2032
The Japan bike sharing service market size reached US$ 30.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.9 Million by 2032, exhibiting a growth rate (CAGR) of 7.85% during 2024-2032.
Market Size in 2023
US$ 30.9 Million
Market Forecast in 2032
US$ 60.9 Million
Market Growth Rate 2024-2032
A bike sharing service refers to the practice of lending bikes on rent to individuals for commutation. It is one of the most popular modes of daily commutation in Japan and has emerged as a defining aspect of the country’s transportation sector.
The market for the bike sharing service in Japan is primarily driven by the country’s thriving transportation industry. Bicycles, or bikes, are extensively utilized by the majority of the population in the country for traveling, especially in their daily commutation. Furthermore, owing to increasing environmental consciousness, there is a rising inclination towards the usage of bicycles, which serve as an eco-friendly alternative to other modes of transportation, such as private cars or public buses. Additionally, people are opting for a healthy lifestyle, which quintessentially includes physical exercise. Since cycling is considered one of the best physical activities to maintain sound health, individuals are incorporating it as a part of their daily life activities. Consequently, they are using bikes to travel to their workplace or for short trips to nearby places. Moreover, it is the most preferred medium of transportation by tourists as it is pocket-friendly, convenient to use, and creates less pollution and on-road traffic.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan bike sharing service market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on business model, bike type and user age group.
Docomo Bikeshare Inc., Mercari, Mobike, Ocean Blue Smart, Ofo, and Openstreet
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Key Questions Answered in This Report
The Japan bike sharing service market was valued at US$ 30.9 Million in 2023.
We expect the Japan bike sharing service market to exhibit a CAGR of 7.85% during 2024-2032.
The increasing traffic congestion, the inflating fuel prices, and the rising demand for environment-friendly transport solutions, such as bicycles and electric bikes, are primarily driving the Japan bike sharing market.
The sudden outbreak of the COVID-19 pandemic had led to the growing consumer inclination towards personal vehicles to combat the risk of the coronavirus infection across the nation, thereby negatively impacting the Japan bike sharing service market.
Based on the business model, the Japan bike sharing service market can be bifurcated into station-based and dockless. Currently, station-based holds the majority of the total market share.
Based on the bike type, the Japan bike sharing service market has been segmented into E-bike and conventional bicycle, where conventional bicycle currently exhibits a clear dominance in the market.
Based on the user age group, the Japan bike sharing service market can be divided into age 18-24, age 25-34, age 35-44, and others. Currently, age 25-34 accounts for the largest market share.
On a regional level, the market has been classified into Kanto, Hokkaido, Tohoku, Chubu, Kinki/Kansai, Chugoku, Shikoku, and Kyushu, where Kanto currently dominates the Japan bike sharing market.
Some of the major players in the Japan bike sharing service market include Docomo Bikeshare Inc., Mercari, Mobike, Ocean Blue Smart, Ofo, and Openstreet.
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