The Vietnam bike sharing market size reached USD 15.32 Million in 2024. Looking forward, the market is projected to reach USD 22.09 Million by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033. The market is driven by rapid urbanization and increasing traffic congestion in major Vietnamese cities, government initiatives promoting sustainable transportation and green mobility solutions. Rising environmental awareness among urban populations, and the growing adoption of digital payment systems are also facilitating convenient bike sharing services, thereby expanding the Vietnam bike sharing market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 15.32 Million |
Market Forecast in 2033 | USD 22.09 Million |
Market Growth Rate 2025-2033 | 4.15% |
Government Policy Supporting Green Transportation
The Vietnamese government's commitment to green energy transformation is significantly driving the bike sharing sector. The Action Programme on Green Energy Transformation sets ambitious milestones, including 100% electric public buses by 2025 and 50% green-energy vehicles by 2030, with a complete fossil-fuel phase-out targeted by 2040. This comprehensive policy framework creates a favorable environment for bike sharing services as municipalities seek sustainable transportation alternatives. These regulatory initiatives are compelling local governments to invest in cycling infrastructure and support bike sharing programs, directly contributing to the Vietnam bike sharing market growth and creating long-term opportunities for service providers.
Urban Infrastructure Development and Smart City Integration
Vietnam's rapidly developing urban infrastructure is creating optimal conditions for bike sharing expansion across major cities. Hanoi's commitment to extending its urban bicycle pilot service through 2025, operating with 1,000 bicycles across 79 stations since August 2023, demonstrates the city's dedication to integrating bike sharing into its transportation ecosystem. Municipal governments are increasingly recognizing bike sharing as an effective solution to address traffic congestion and last-mile connectivity challenges. The integration of digital technologies, including GPS tracking, smartphone applications, and IoT sensors, is enhancing user experience and operational efficiency. Cities are developing dedicated cycling lanes, secure parking facilities, and seamless connectivity with public transportation hubs, creating an interconnected mobility network. This infrastructure development is attracting both domestic and international bike sharing operators, fostering competition and service innovation while expanding market reach across Vietnam's urban centers.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on bike type, sharing system, and application.
Analysis by Bike Type:
The report has provided a detailed breakup and analysis of the market by bike type. This includes traditional/conventional and e-bikes.
Analysis by Sharing System:
A detailed breakup and analysis of the market based on the sharing system have also been provided in the report. This includes docked and dock-less.
Analysis by Application:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes short term and long term.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Bike Types Covered | Traditional/Conventional, E-Bikes |
Sharing Systems Covered | Docked, Dock-Less |
Applications Covered | Short Term, Long Term |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: