Many European countries have already established extensive networks of bike lanes, often separated from motorized traffic, providing a safe and efficient cycling experience. However, there is still room for improvement and expansion, particularly in urban areas experiencing increased bike usage.
As North American urban environments evolve, there is a shift toward purposeful site design that integrates multiple goals into city landscapes. As the bike enthusiasm in North America increases, so does the range of available products and infrastructure. By adding more bicycle infrastructure, such as separated bicycle lanes and bike parking, the local cycling culture will continue to grow.
In Latin America, there is a growing recognition of the importance of investing in bike infrastructure to address issues of traffic congestion, air pollution, and public health. Many cities in the region have taken steps towards creating more bike-friendly environments, but there remains considerable potential for further development. Constructing segregated bike lanes, especially in densely populated urban areas, can provide safer cycling routes and incentivize individuals to choose bicycles for their daily commutes.
Bike sharing is a shared transport service in which convectional bikes or electric bikes are made available for shared use to individuals on a short-term basis for a price or free. The global bike sharing market was valued at $3.43 billion in 2019, and is projected to reach $6.98 billion by 2027, registering a CAGR of 14.0% from 2020 to 2027.
Germany has the largest e-bike market in Europe. The e-bike market in the US is smaller, but there is a lot of potential. North America continues to trail Europe considerably in e-bike sales, largely due to lower gasoline prices and consumer awareness, combined with relatively poor bicycling infrastructure. Nevertheless, market conditions are improving, and the Light Electric Vehicle Association estimates that about 260,000 e-bikes were imported to the US in 2017 a modest gain (10%-15%) from 2016 import figures. |