Russia: bike-sharing market revenue 2018-2027

The revenue in the 'Bike-sharing' segment of the shared mobility market in Russia was forecast to continuously increase between 2023 and 2027 by in total 7.3 million U.S. dollars (+27.52 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 33.78 million U.S. dollars and therefore a new peak in 2027.

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Revenue of the bike-sharing market in Russia from 2018 to 2027 (in million U.S. dollars)

Characteristic	Revenue in million U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

In bike-sharing, bicycles are generally owned by a bike-sharing provider and are independently reserved by customers around the clock. Customers are required to open an account with the bike-sharing provider and can then reserve bicycles. This is usually done with a smartphone app, but there are also service providers that allow reservations to be made via the provider's website, by telephone, or at a terminal.

The two most frequently used bike-sharing varieties are the following: station-based (e.g., Stadtrad and Citi Bike New York) and free-floating (such as nextbike and ofo). With station-based bike-sharing, a bicycle is retrieved from a bike-sharing station and returned to either the same station or dropped off at another station. With free-floating bike-sharing, it is possible to find bicycles everywhere within the service provider's business zone and leave the bicycle anywhere in accordance with traffic regulations.

A third type of bike-sharing is peer-to-peer bike-sharing. With this format, bicycles that are owned by a private individual are made available for sharing. Bicycles are usually reserved via an online intermediary. Peer-to-peer bike-sharing is not included in the market definition of this market (out-of-scope).

The revenue thus indicates the entire volume of bookings by users in the respective region, regardless of origin and destination. User numbers show only those individuals who have made a reservation.

Multi-day bicycle rental service providers (bike rentals) and peer-to-peer service providers are not included in this definition. Also not included in this market are free bike-sharing services (e.g., Aarhus City Bikes). Moreover, discounts, such as free minutes for customers with long-term subscriptions, have not been considered in the modeling of this market. Bike-sharing services are not available in all countries and for this reason, only a limited number of regions can be selected.

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