NACTO noted that last year, the San Francisco Bay Area relaunched its bike share program with 10 times the number of bikes it previously had; likewise, Honolulu launched a bike share system, Biki, that quickly became the eighth-most heavily used bike share system in the U.S.
The number of bike share equipment providers operating in the U.S. dramatically increased, from three major companies in 2016 to more than 10 in 2017. The volatility of bike share providers has also increased, with at least one major company declaring bankruptcy the same year that it launched in the U.S., NACTO noted.
Dockless bike share entered the market in 2017, and now make up 44 percent of all bike share bikes on the ground in cities, but only 4 percent of all rides.
“Dockless bike share has undoubtedly been the biggest disruptive force in the bike share industry, quickly nearly doubling the bike share footprint (as measured by bikes on the ground) in less than a year. However, dockless bike share systems have not, to date, been heavily used by riders,” NACTO stated.
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