Global Bike Sharing Market to be $6.3 Billion (with a B) Market by 2020

New research from global consulting firm Roland Berger projects that the global market for bike sharing could reach $6.1 billion dollars by 2020.

Fueled by increasing consumer demand, technology enhancements, corporate interest and a growing body of evidence that shows these systems are safe and sustainable, bike sharing is here to stay.  When we first saw Paris' Velib system in 2007, we were hooked.

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We've been spending every day since that time working to bring bike sharing -- and really bike riding -- around the globe. In much the same way that car sharing, launched by Zipcar in 2000, went from a niche idea to mainstream, we are seeing the bike sharing industry move from a fringe idea to a "must have" for cities.  Evolution within the industry is happening -- with more options for providers to the big city programs, to new options (like Zagster) for private communities such as real estate, corporate and university campuses, and even peer-peer technologies to let people share their own bikes.

Looking forward to a great 2015!

Image Credit: Consultancy.UK