Economic Impact & Operational Efficiency for Bikeshare Systems

Total Page:16

File Type:pdf, Size:1020Kb

Economic Impact & Operational Efficiency for Bikeshare Systems Economic Impact & Operational Efficiency for Bikeshare Systems Local, Domestic & International Lessons This report was completed by the following graduate-level students of the Urban & Regional Planning Program at Virginia Tech, Alexandria, VA Campus: Ryan Anderson, Eric Childs, Yasmine Doumi, Justin Godard, Chris Marshall, Ashley Matthews, Katie McConnell, John Stowe, Nathan Wallingford and Eric Weisz With support and direction from: Ralph Buehler, PhD – Associate Professor in Urban Affairs and Planning at Virginia Tech Andrea Hamre – PhD candidate in Urban Affairs and Planning at Virginia Tech This research was approved by the Virginia Tech Institutional Review Board (FWA00000572, expires April 25, 2018) under IRB numbers 13-965, 13-909, and 13-872. Acknowledgements We would like to acknowledge the City of Alexandria Department of Transportation and Environmental Services, Bike Arlington, and the Mid-Atlantic Universities Transportation Center for providing us with a charge for this study. We would like to thank Eric Gilliland, Director of Capital Bikeshare, for speaking with us about Capital Bikeshare’s resources and operations. We would like to thank all of our survey participants including Capital Bikeshare users, local business owners and employees, and the following bikeshare systems and staff members: Barclays Cycle Hire - Eleanor Stanhope, Transport for London Bicielx - Fernando Verdú, Responsable Área Movilidad Urbana Bicing - Customer Service Bike Chattanooga - Philip Pugliese, Coordinator, Transit Center Study Capital Bikeshare - Eric Gilliland, Director CoGo - CoGo Team BD Rent GmbH - Joerg Hoffman Decobike - Decobike Team Divvy - Elliot Greenberger, Deputy General Manager EnCicla - EnCicla B-Cycle Team Ft. Worth B-Cycle - Fort Worth B-Cycle Team Hubway - Emily Stapleton, General Manager Madison B-Cycle - Madison B-Cycle Team MVGmeinRad - Jörg Madwig Nice Ride - Mitch Vars, IT Director San Antonio B-Cycle - San Antonio B-Cycle Team ii TABLE OF CONTENTS 1 Introduction ............................................................................................................................. 1 2 Economics Impact Report ...................................................................................................... 2 Economic Impacts of Bikesharing and Bicycling. ................................................................... 3 Literature Review ........................................................................................................................ 4 Methodology ............................................................................................................................... 7 CaBi Station Selection ............................................................................................................. 7 User Intercept Survey ............................................................................................................ 10 Business Perceptions Survey ................................................................................................. 11 Findings ..................................................................................................................................... 11 User Intercept Survey ............................................................................................................ 11 Business Perceptions Survey ................................................................................................. 21 Conclusion and Recommendations ........................................................................................... 25 3 Bikesharing Systems Survey ................................................................................................ 28 Purpose .................................................................................................................................. 29 Survey: Analysis of International Bikeshare Systems .............................................................. 30 Methodology .......................................................................................................................... 31 Bikeshare Demand and Capacity .............................................................................................. 37 Causes of the Balancing Problem.............................................................................................. 41 Operational Resources for Rebalancing .................................................................................... 44 Findings ..................................................................................................................................... 52 Promising rebalancing strategies ............................................................................................... 53 4 Analysis of Unbalanced Stations in Washington, DC ....................................................... 54 Analysis of Capital Bikeshare’s Imbalance .............................................................................. 55 Trip history data .................................................................................................................... 55 iii Station outage data ................................................................................................................ 56 Analysis .................................................................................................................................. 57 Regression Analysis: What Influences Imbalance? .................................................................. 62 Geography and Land Use Data ............................................................................................. 63 Regression Results ................................................................................................................. 66 Morning and Afternoon Rush ................................................................................................ 67 Conclusions ........................................................................................................................... 68 Satellite Stations: A Possible Solution ...................................................................................... 69 Data & Methodology ............................................................................................................. 70 Analysis .................................................................................................................................. 73 Satellite Station Conclusions ................................................................................................. 78 Capital Bikeshare Analysis Conclusions................................................................................... 79 5 Appendices ............................................................................................................................. 82 Appendix A. CaBi User Intercept Survey ................................................................................. 82 Appendix B. Business Perception Survey ................................................................................. 89 Appendix C. Key Variables. ..................................................................................................... 94 Induced Trips ......................................................................................................................... 94 Spend Money .......................................................................................................................... 97 Spend Amount ...................................................................................................................... 100 Appendix D. Bikesharing Systems Survey ............................................................................. 101 Bikeshare System Questionnaire ......................................................................................... 106 Appendix E. Works Cited ....................................................................................................... 111 iv 1 INTRODUCTION This report presents findings and recommendations regarding two bikesharing-related issues: potential economic impacts and the balancing problem. We conducted an intercept survey of bikesharing users and walk-up surveys of businesses to determine the extent and nature of bikeshare’s economic impact in five Washington, DC neighborhoods. To study the balancing issue, we surveyed bikesharing systems about their problems with and strategies for re-balancing and then analyzed a data sample from the Washington, DC system, Capital Bikeshare (“CaBi”). By “the balancing problem” we mean instances in which bikes in a bikesharing system are unevenly distributed such that stations are completely full or empty. We provide recommendations based on our findings that may help CaBi and other bikesharing systems become more impactful and efficient. 1 2 ECONOMIC IMPACT REPORT Background on Bikesharing and Capital Bikeshare Bikesharing has evolved in recent decades and gained widespread adoption in Europe as well as North America and Asia. Earlier generations of bikesharing ranged from free, unlocked bicycles distributed throughout a city (e.g. Amsterdam) to formal stations with sturdy bicycles specially designed for utilitarian use. In today’s third generation of bikesharing, paying members can check-out a bicycle from a station and return the bicycle to any station in the system (DeMaio, 2009; Shaheen, Guman, & Zhang, 2010). Riders pay a variety of member and usage fees depending on the type of membership
Recommended publications
  • Optimising Bike Sharing in European Cities by OBIS Consortium © OBIS, 2011
    A közösségi kerékpározási rendszerek optimalizálása az európai városokban Kézikönyv Sevici Bicing Homeport Vélo'v Vélib' Cyclocity BiZiZaragoza Bari in Bici Barclays Cycle Hire Bicimia Hourbike Réflex Chemnitzer Stadtfahr- rad Bicincittà Velodi Greenstreet BikeOne Call a Bike OYBike BikeMi C'entro in bici Freiradl VéloMagg Örebro Cykelstaden Vélo+ Nbici Punto Bici Bike Sharing Vélo à la carte Ambici Rimini in Bici Atac Italy bike sharing Citybike Sweden Stockholm City Bikes Call a Bike Ter- lizzi by bike Ambiciat Citybike Servicio Municipal de Préstamo de Bicicletas de Vitoria-Gasteiz På cykel i Lundby Lånecyklar i Göteborg Sevici Bicing Vélo'v Vélib' Cyclocity France BiZiZaragoza Bari in Bici Noleggio bici Bolzano Bicimia Hourbike Réflex Chemnitzer Stadtfahrrad Bicincittà Velodi Greenstreet BikeOne nextbike OYBike BikeMi C'entro in bici Freiradl VéloMagg Örebro Cykelstaden Vélo+ Nbici Punto Bici Bike Sharing Vélo à la carte Ambici Rimini in Bici Atac bike sharing Citybike Stockholm City Bikes Czech Republic Call a Bike Terlizzi by bike Ambiciat Citybike Servicio Municipal de Préstamo de Bicicletas de Vitoria-Gasteiz På cykel i Lundby Lånecyklar i Göteborg Sevici FREIRADL Bicing Homeport Austria Vélo'v Vélib' Cyclocity BiZiZaragoza Poland Bari in Bici Barclays Cycle Hire Bicimia Hourbike Réflex Chemnitzer Stadtfahrrad Bicincittà Velodi Greenstreet BikeOne Call a Bike OYBike BikeMi C'entro in bici Freiradl VéloMagg Örebro Cykelsta- den Vélo+ Nbici Punto Bici Bike Sharing Vélo à la carte Ambici Rimini in Bici Atac bike sharing Citybike
    [Show full text]
  • Exploring the Relationship of Bikeshare and Transit in the United States of America
    Portland State University PDXScholar Civil and Environmental Engineering Master's Project Reports Civil and Environmental Engineering Summer 2018 Exploring the Relationship of Bikeshare and Transit in the United States of America David Soto Padín Portland State University Follow this and additional works at: https://pdxscholar.library.pdx.edu/cengin_gradprojects Part of the Civil and Environmental Engineering Commons Let us know how access to this document benefits ou.y Recommended Citation Soto Padín, David, "Exploring the Relationship of Bikeshare and Transit in the United States of America" (2018). Civil and Environmental Engineering Master's Project Reports. 52. https://doi.org/10.15760/CCEMP.51 This Project is brought to you for free and open access. It has been accepted for inclusion in Civil and Environmental Engineering Master's Project Reports by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. EXPLORING THE RELATIONSHIP OF BIKESHARE AND TRANSIT IN THE UNITED STATES OF AMERICA BY DAVID RAFAEL SOTO PADÍN A research project report submitted in partial fulfillment of the requirement for the degree of MASTER OF SCIENCE IN CIVIL AND ENVIRONMENTAL ENGINEERING Project Advisor: Kelly J. Clifton Portland State University ©2018 Final Draft ACKNOWLEDGMENTS I would like to express my gratitude for the academic guidance provided by my advisor Dr. Kelly J. Clifton. This project would not have been possible without the support and feedback of my fellow graduate students in the transportation lab of Portland State University. Any errors or omissions are the sole responsibility of the author. The author would like to thank bikeshare operators for making their data available, including Motivate and Bicycle Transportation Systems.
    [Show full text]
  • Agenda ● January 11, 2017
    MCHENRY COUNTY PUBLIC TRANSPORTATION ADVISORY COMMITTEE (PTAC) AGENDA ● JANUARY 11, 2017 Public Meeting Conference Room A 1:30 PM 667 Ware Rd., Woodstock, IL 60098 I. CALL TO ORDER Roll Call B. Introductions II. MINUTES APPROVAL A. Public Transportation Advisory Committee (PTAC) - Public Meeting - Nov 9, 2016 1:30 PM III. PUBLIC COMMENT Any members of the public wishing to address the committee may do so at this time. IV. MEMBER COMMENTS Any members of the committee wishing to address the committee may do so at this time. V. SUBCOMMITTEES A. MCRide Subcommittee At the November 9, 2016 PTAC meeting the MCRide Subcommittee was formed. Members of this subcommittee include the municipalities and townships that financial support the MCRide program. Proposed Meeting Dates April 12, 2017 - 3:00pm July 12, 2017 - 3:00pm October 11, 2017 - 3:00pm All MCRide subcommittee meetings will start immediately following PTAC meetings. VI. OLD BUSINESS A. MCRide Program Update B. PTAC Goals for 2017 C. Transportation Network Company Pilot Program VII. NEW BUSINESS A. Restructuring of Local Government Contributions for MCRide B. Bike Share System Feasibility C. People in Need Forum McHenry County Page 1 Updated 1/5/2017 10:00 AM Agenda Public Transportation Advisory Committee January 11, 2017 VIII. ADJOURNMENT A. Next Meeting Date and Location April 12, 2017 - 1:30 pm McHenry County Administration Building Conference Room 667 Ware Road Woodstock, IL 60098 McHenry County Page 2 Updated 1/5/2017 10:00 AM 2.A MCHENRY COUNTY PUBLIC TRANSPORTATION ADVISORY COMMITTEE (PTAC) MINUTES ● NOVEMBER 9, 2016 Public Meeting County Board Conference Room 1:30 PM 667 Ware Rd, Administration Building, Woodstock, IL 60098 I.
    [Show full text]
  • Marin County Bicycle Share Feasibility Study
    Marin County Bicycle Share Feasibility Study PREPARED BY: Alta Planning + Design PREPARED FOR: The Transportation Authority of Marin (TAM) Transportation Authority of Marin (TAM) Bike Sharing Advisory Working Group Alisha Oloughlin, Marin County Bicycle Coalition Benjamin Berto, TAM Bicycle/Pedestrian Advisory Committee Representative Eric Lucan, TAM Board Commissioner Harvey Katz, TAM Bicycle/Pedestrian Advisory Committee Representative Stephanie Moulton-Peters, TAM Board Commissioner R. Scot Hunter, Former TAM Board Commissioner Staff Linda M. Jackson AICP, TAM Planning Manager Scott McDonald, TAM Associate Transportation Planner Consultants Michael G. Jones, MCP, Alta Planning + Design Principal-in-Charge Casey Hildreth, Alta Planning + Design Project Manager Funding for this study provided by Measure B (Vehicle Registration Fee), a program supported by Marin voters and managed by the Transportation Authority of Marin. i Marin County Bicycle Share Feasibility Study Table of Contents Table of Contents ................................................................................................................................................................ ii 1 Executive Summary .............................................................................................................................................. 1 2 Report Contents ................................................................................................................................................... 5 3 What is Bike Sharing? ........................................................................................................................................
    [Show full text]
  • Health Implications of the Capital Bikeshare Program?
    Vehicle 4 Change: Health Implications of the Capital Bikeshare Program Brian Alberts, Jamie Palumbo and Eric Pierce The George Washington University Master of Public Policy and Public Administration Program December 6, 2012 Table of Contents Acknowledgements 3 Executive Summary 4 Introduction and Background 6 Literature Review 9 Methodology 13 Analysis of Findings 16 Recommendations 22 Conclusion 25 Bibliography 26 Appendix A: Client Liaisons 29 Appendix B: History of Bikesharing Timeline 30 Appendix C: Survey Questionnaire 31 Acknowledgements We would like to thank Capital Bikeshare, especially Chris Eatough and Katie Sihler, for being so responsive and flexible as we collaborated on this project. Additionally, we would like to thank John Lisle from the District Department of Transportation for putting us in touch with the appropriate Capital Bikeshare contacts. We are grateful for the great feedback we received from Lori Diggins at LDA Consulting, from our fellow capstone classmates, from Professor Joan Dudik-Gayoso, and from Lisa Lowry. Executive Summary This report was undertaken to examine the health effects of membership in the Capital Bikeshare program. Methods of analysis include a review of major research and scholarly works within the transportation field and other pertinent issue areas such as health and economic policy. In addition to analyzing prior survey data of Capital Bikeshare members, we developed and, working closely with Capital Bikeshare staff, administered a new survey that allowed us to better understand the health benefits, both realized and unrealized, of the four-year-old program. Although the survey results suggest Capital Bikeshare members tend to be healthier than the population at-large and would therefore not be expected to derive substantial health benefits from the program, we pinpointed several promising findings in the response data.
    [Show full text]
  • Factors Influencing Bike Share Membership
    Transportation Research Part A 71 (2015) 17–30 Contents lists available at ScienceDirect Transportation Research Part A journal homepage: www.elsevier.com/locate/tra Factors influencing bike share membership: An analysis of Melbourne and Brisbane ⇑ Elliot Fishman a, , Simon Washington b,1, Narelle Haworth c,2, Angela Watson c,3 a Department Human Geography and Spatial Planning, Faculty of Geosciences, Utrecht University, Heidelberglaan 2, 3584 CS Utrecht, Netherlands b School of Urban Development, Faculty of Built Environment and Engineering and Centre for Accident Research and Road Safety (CARRS-Q), Faculty of Health Queensland University of Technology, 2 George St., GPO Box 2434, Brisbane, Qld 4001, Australia c Centre for Accident Research and Road Safety – Queensland, K Block, Queensland University of Technology, 130 Victoria Park Road, Kelvin Grove, QLD 4059, Australia article info abstract Article history: The number of bike share programs has increased rapidly in recent years and there are cur- Received 17 May 2013 rently over 700 programs in operation globally. Australia’s two bike share programs have Received in revised form 21 August 2014 been in operation since 2010 and have significantly lower usage rates compared to Europe, Accepted 29 October 2014 North America and China. This study sets out to understand and quantify the factors influ- encing bike share membership in Australia’s two bike share programs located in Mel- bourne and Brisbane. An online survey was administered to members of both programs Keywords: as well as a group with no known association with bike share. A logistic regression model Bicycle revealed several significant predictors of membership including reactions to mandatory CityCycle Bike share helmet legislation, riding activity over the previous month, and the degree to which conve- Melbourne Bike Share nience motivated private bike riding.
    [Show full text]
  • Investing in the Future of Public Transport
    Investing in the Future of Public Transport November 2020 Our Vision NTA’s vision is to provide high quality, accessible, sustainable transport connecting people across Ireland. Our focus is on ensuring that public transport services and infrastructure are designed and implemented to give the best possible experiences for the travelling public, and to provide value for the State’s investment. That is at the core of everything we do. NTA projects identified under the National Development Plan 2018- 2027 include: • Continued investment in bus and train fleets, and public transport infrastructure. BUS TRAIN • Delivery of the full BusConnects programme for all of Ireland’s cities (inclusive of ticketing systems, bus corridors, additional capacity, new bus stops and bus shelters etc.) SUSTAINABLE TRANSPORT FOR A BETTER CITY. • Transition to low emission buses, including electric buses, for the urban public bus fleet. • Complete construction of MetroLink. • Delivery of the priority elements of DART+ including investment in new train fleet, new infrastructure and electrification of existing lines. • Strategic park-and-ride sites plus investment in parking facilities at rail, P+R Luas and bus locations. • Delivery of comprehensive cycling and walking network for Ireland’s cities. BIKE WALKING • Supporting programmes of rail and bus station improvement/development, traffic management investment, passenger information programmes, public bicycle share schemes, and accessibility enhancements. TRAM BUS BIKE • Undertake appraisal, planning and design of Luas network expansion to Bray, Finglas, Lucan, Poolbeg and a light rail corridor for Cork. Subsidising vital public transport services The vast majority of all public transport journeys are made on Public Service Obligation (PSO) services.
    [Show full text]
  • What Is Citi Bike?
    Citi Bike Phase 3 Expansion South Brooklyn October 12, 2020 NYC Bike Share Overview 1 nyc.gov/dot What is Bike Share? Shared-Use Mobility Network of shared bicycles • Intended for point-to-point transportation Increased mobility • Additional transportation option • Convenient for trips that are too far to walk, but too short for the subway or a taxi • Connections to transit Convenience • System operates 24/7 • No need to worry about bike storage or maintenance Positive health & environmental impacts 3 nyc.gov/dot What is Citi Bike? New York City’s Bike Share System Private – Public partnership • NYC Department of Transportation responsible for system planning and outreach • Lyft responsible for day-today operations and equipment • No City funds used to run the system • Sponsorships & memberships fund the system 4 nyc.gov/dot The Station Flexible Infrastructure Easy to install • Stations are not hardwired into the sidewalk/road • Stations are solar powered and wireless • Stations are installed in 1 – 2 hours (no street closure required) Stations can be located on the roadbed or sidewalk Considerations for hydrants, utilities, ADA guidelines, among other factors 5 nyc.gov/dot Citi Bike to Date 7 Years of Citi Bike Citi Bike Launch: Phase 1 • 2013 • Manhattan & Brooklyn • 330 stations • 6,000 bikes Citi Bike Expansion: Phase 2 • 2015 – 2017 • Manhattan, Brooklyn, Queens • 750 stations • 12,000 bikes Citi Bike Expansion: Phase 3 • Manhattan, Brooklyn, Queens, Bronx • 2019 – 2024 • + 35 square miles • + 16,000 bikes 6 nyc.gov/dot +17% Growth
    [Show full text]
  • Citi Bike Expansion Draft Plan
    Citi Bike Expansion Draft Plan Bronx Community Board 7 – Traffic & Transportation Committee March 4, 2021 NYC Bike Share Overview 1 nyc.gov/dot What is Bike Share? Shared-Use Mobility Network of shared bicycles • Intended for point-to-point transportation Increased mobility • Additional transportation option • Convenient for trips that are too far to walk, but too short for the subway or a taxi • Connections to transit Convenience • System operates 24/7 • No need to worry about bike storage or maintenance Positive health & environmental impacts 3 nyc.gov/dot What is Citi Bike? New York City’s Bike Share System Private – Public partnership • NYC DOT responsible for system planning and outreach • Lyft responsible for day-today operations and equipment • Funded by sponsorships & memberships Citi Bike is a station-based bike share system. Stations: • Can be on the roadbed or sidewalk • Are not hardwired into the ground • Are solar powered and wireless 4 nyc.gov/dot Citi Bike to Date 7+ Years of Citi Bike Citi Bike Launch: Phase 1 • 2013 • Manhattan & Brooklyn • 330 stations • 6,000 bikes Citi Bike Expansion: Phase 2 • 2015 – 2017 • Manhattan, Brooklyn, Queens • 750 stations • 12,000 bikes Citi Bike Expansion: Phase 3 • Manhattan, Brooklyn, Queens, Bronx • 2019 – 2024 • + 35 square miles • + 16,000 bikes 5 nyc.gov/dot High Ridership By the Numbers 113+ million trips to date 19.6+ million trips in 2020 5.5+ trips per day per bike ~70,000 daily trips in peak riding months 90,000+ daily rides during busiest days ~170,000 annual members 600,000+
    [Show full text]
  • The Economic Contribution of Public Bike-Share to the Sustainability
    Sustainable Cities and Society 28 (2017) 76–87 Contents lists available at ScienceDirect Sustainable Cities and Society journal homepage: www.elsevier.com/locate/scs The economic contribution of public bike-share to the sustainability and efficient functioning of cities a,∗ a b Craig Bullock (Dr) , Finbarr Brereton (Dr) , Sive Bailey (Ms) a School of Architecture, Planning and Environmental Policy and Earth Institute, University College Dublin, Belfield, Dublin DO4 V1W8, Ireland b School of Architecture, Planning and Environmental Policy, University College Dublin, Belfield, Dublin DO4 V1W8, Ireland a r a t i b s c t l e i n f o r a c t Article history: An expanding literature has explored the benefits of public bike-share schemes from various perspec- Received 20 April 2016 tives, including user characteristics, journey time savings, convenience, health benefits and reductions in Received in revised form 21 August 2016 motor vehicle use. However, rather few papers have examined bike-share schemes in economic terms. In Accepted 25 August 2016 this paper we place these benefits in an economic context of private individual benefits and public good Available online 31 August 2016 benefits. Using data from a survey of bike-share users in Dublin, Ireland, we critically examine the relative value of these benefits and their impact on the spatial functioning of cities. We demonstrate that, for this Keywords: particular scheme, the benefits associated with time savings far exceed the benefits that are commonly Bike-share claimed for modal transfer. We go on to describe how, by delivering time savings and improving spa- Cost-benefit analysis tial connectivity, bike-share schemes reduce effective density and supply both conventional and wider Wider economic benefits Agglomeration benefits economic benefits for the urban economy that are commensurate with investment in public transport schemes.
    [Show full text]
  • Bike! the Bicycle Sharing System in the Smart City Barcelona Aylin Ilhana* & Kaja J
    ISSN 2412-0049 LIS August 23-25, 2017, Sapporo, Japan Think Green – Bike! The Bicycle Sharing System in the Smart City Barcelona Aylin Ilhana* & Kaja J. Fietkiewicza aDepartment of Information Science, Heinrich Heine University, Universitätsstraße 1, Düsseldorf, Germany *Corresponding Author: [email protected] ABSTRACT One of the main goals of every (aspiring) Smart City is a green-minded, sustainable development. Today, one of the most popular green Smart City trends is the provision of bike sharing systems. In this study, we evaluate the Bicing service in Barcelona, which is one of the “smartest” cities in Europe. The investigation is based on a rapid ethnographic field study, qualitative interviews as well as a quantitative online survey among Barcelona’s residents and people staying in Barcelona for work, study or other reasons (e.g. shopping), all of which ensure a user-centric approach. The results show some strengths as well as weaknesses of the service and enable us to deduce important rules for implementation of bike sharing systems. Keywords: sustainable development, sustainable service, bike sharing system, urban development, strengths and weaknesses 1. Introduction How can citizens take over the responsibility and put an end to the air pollution and congested roads? Obviously, by deciding to be more green-minded. But how can citizens live more environment-friendly, if there are no green-minded alternatives? This is the reason why we need more sustainable and eco-friendly infrastructures and services in today’s cities. With integrating Information and Communication Technology (ICT) in everyday life, simple aspects such as riding a bike become influenced by ICT, too.
    [Show full text]
  • Bike Sharing 5.0 Market Insights and Outlook
    Bike Sharing 5.0 Market insights and outlook Berlin, August 2018 This study provides a comprehensive overview of developments on the bike sharing market Management summary 1 Key trends in > Major innovations and new regulations are on the way to reshaping the mobility market innovative mobility > New business models follow an asset-light approach allowing consumers to share mobility offerings > Bike sharing has emerged as one of the most-trending forms of mobility in the current era > Digitalization has enabled bike sharing to become a fully integrated part of urban mobility 2 Bike sharing market > Bike sharing has grown at an extremely fast rate and is now available in over 70 countries development > Several mostly Asian operators have been expanding fast, but first business failures can be seen > On the downside, authorities are alarmed by the excessive growth and severe acts of vandalism > Overall, the bike sharing market is expected to grow continuously by 20% in the years ahead 3 Role of bike sharing > Bike sharing has established itself as a low-priced and convenient alternative in many cities in urban mobility > The three basic operating models are dock-based, hybrid and free-floating > Key success factors for bike sharing are a high-density network and high-quality bikes > Integrated mobility platforms enable bike sharing to become an essential part of intermodal mobility 4 Future of bike > Bike sharing operators will have to proactively shape the mobility market to stay competitive sharing > Intense intra-city competition will
    [Show full text]