Global Micromobility market gears up for growth with 34 million shared bikes by 2029

Press Release, 15 October 2025

Micromobility is fast transforming the way people move across cities, offering efficient, eco-friendly alternatives to cars through shared bikes and scooters. Designed for short-distance urban travel—typically under 10 kilometres—these services reduce congestion, cut emissions, and make city transport more accessible. Riders can rent vehicles such as bicycles, sit-down or stand-up electric scooters via smartphone apps, paying per minute or hour, with costs covering parking, charging, and maintenance.

According to a new report by Berg Insight, the global shared micromobility fleet reached approximately 25.7 million vehicles by the end of 2024, with free-floating bikesharing emerging as the dominant model. The study projects the bikesharing fleet to expand to 34.3 million vehicles worldwide by 2029, while the scootersharing fleet is expected to hit 3.5 million units. This growth is powered by telematics systems and mobile technology, which enable data tracking, fleet management, and seamless access to vehicles.

Key players driving the ecosystem include hardware providers such as Nextbike, Lyft Urban Solutions, JCDecaux, and Teltonika Telematics, as well as software developers like Qucit, Urban Sharing, and Atom Mobility. Leading global operators—Lime, Bolt, Dott, Voi, and Yulu—are expanding multi-modal fleets that integrate both bikes and scooters. Regionally, companies such as Hellobike and Meituan Bike in China, Anywheel in Singapore, and RideMovi in Europe are scaling rapidly.

While adoption continues to rise, the future of micromobility will hinge on local regulations governing vehicle types, licensing, and safety standards. With sustainability goals and urban efficiency driving demand, shared micromobility is poised to play a pivotal role in shaping cleaner, smarter cities worldwide.