Bicycle Sharing Grows in Major Cities, But Financial Outlook Is Poor, Business and Industry Trends Analysis

Cycling, both as a means of recreation and as a means of transportation, has grown dramatically. Between 1977 and 2009 in the U.S., annual bike trips more than tripled in number. Cyclists who pedal to work are also proliferating, with numbers doubling between 2000 and 2009. The U.S. Census’ 2012 Annual Community Survey showed that 865,000 people (about 0.61% of the commuting public) rode bikes as their primary method of getting to work, up 9% from 2011. Bicycle sharing systems are responsible for part of this growth, both in the U.S. and in other parts of the world, but many of these new services…

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