The global bike and scooter sharing telematics market was valued at $3.8 billion in 2023 and is projected to nearly double to $8.1 billion by 2033, expanding at a CAGR of 7.9% from 2024 to 2033, according to a recent report by Allied Market Research. The market is witnessing rapid growth due to rising urban congestion, the push for green transportation, and advancements in telematics and AI technologies.
Urbanization and Environmental Priorities Fuel Growth
The surge in urban population and growing concerns over carbon emissions are primary drivers of this market’s expansion. City planners and commuters are turning to shared two-wheeler mobility solutions as cost-effective, eco-friendly alternatives to cars and public transport.
However, regulatory challenges, such as inconsistent city-level policies and parking limitations, remain key hurdles. Yet, opportunities abound in the form of smart infrastructure, IoT integration, AI-based safety systems, and fleet electrification.
Notable Industry Developments
- Yulu Bikes (Feb 2024) secured $19.25 million to scale EV fleets and strengthen telematics operations.
- Lime (July 2022) deployed a computer vision platform to enhance pedestrian safety by reducing sidewalk riding.
- HellBiz Inc. integrated AI-powered PathPilot safety tech to improve urban ride control and geo-fencing in Italy.
- Uber (May 2023) partnered with Waymo to upgrade its mobility and telematics suite, focusing on seamless multimodal experiences.
- Bird Rider Inc. (June 2021) and Dott (Oct 2021) rolled out smart, connected e-bikes with embedded telematics for optimized fleet management.
These advancements demonstrate a strong industry shift toward predictive analytics, rider behavior monitoring, and AI-enhanced safety systems.
Segment Insights
- By Service Type:
- Subscription-based models led in 2023 due to pricing predictability for frequent riders.
- Pay-as-you-go options are rising in popularity among occasional users.
- By Operational Model:
- Dockless systems dominate the market for their flexibility and convenience.
- Station-based systems are gaining traction for their structured and organized deployment.
- By Propulsion Type:
- Electric scooters and bikes are the market leaders, appealing to wider demographics and long-distance commuters.
- Pedal-powered bikes are growing due to increased health consciousness.
- By Vehicle Type:
- Scooters dominate the market, driven by higher production volumes and technological enhancements.
- Bikes are seeing growth due to evolving product innovations and urban fitness trends.
Regional Outlook
Asia-Pacific led the market in 2023, buoyed by megacities and the need for last-mile connectivity in densely populated areas. Meanwhile, North America is expected to witness significant growth with the integration of next-gen technologies and city-level EV mandates.
Key Players
Market leaders include Bolt Technology OU, Lime, Bird, Uber, Lyft, TIER, Cooltra, Yulu, Beam Mobility, Neuron Mobility, Jump Inc., HelloBike, and Dott, among others. These firms are adopting AI, IoT, and data-driven fleet management systems to remain competitive in a fast-evolving urban mobility landscape.
With cities around the globe striving for net-zero emissions and efficient public mobility systems, the bike and scooter sharing telematics industry is set to play a pivotal role in reshaping the future of urban transport.
