- The Statista Mobility Outlook shows that the bike-sharing sector grew its global revenues by one third in 2020 at the height of the pandemic.
- This is due to the fact bikes can be ridden by a single person in the open-air, significantly decreasing the risk of catching COVID-19
- Meanwhile, all other mobility services suffered large setbacks - however, these are expected to bounce back in 2021.
Mobility was one of the losers of the coronavirus pandemic as people stayed home more and skipped vacations. One little subsector of the field, however, found its time to shine during lockdowns and quarantine: Bike-sharing. According to the Statista Mobility Outlook, the sector grew its global revenues by a third in 2020, while all other mobility services suffered hefty setbacks in the pandemic year. The single-person set-up and open-air nature of bike riding made it the perfect mode of transportation for the pandemic.
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According to the outlook, mobility services are expected to bounce back in 2021. Flights are expected to grow strongest, but also suffered the biggest losses in 2020. The situation is similar for long-distance buses, while trains, ride-hailing and car-sharing fared a little better in the past year. Due to the high pandemic growth, worldwide bike-sharing is expected to only experience moderate revenue gains of 5 percent in 2021.
The outlook looked at bike-sharing, car-sharing, ride-haling, car rentals and flights as well as long-distance trains and buses. It does not include chauffeur services, ferries, scooter sharing and public transportation.
What is the World Economic Forum doing about circularity and the automotive industry?
Transitioning away from the ‘linear economy’ means systems-wide changes, including decarbonizing production and designing products for recyclability at ‘end of life’. For the automobile industry, it means achieving transformation at the scale of Henry Ford’s legendary assembly line, or Toyota’s famous ‘Just In Time’ production system, one that timed manufacturing to dealer orders to minimize parts inventory.
A new Circular Cars Initiative (CCI) embodies an ambition for a more circular automotive industry. It represents a coalition of more than 60 automakers, suppliers, research institutions, NGOs and international organizations committed to realizing this near-term ambition.
CCI has recently released a new series of circularity “roadmaps”, developed in collaboration with the World Economic Forum, the World Business Council for Sustainable Development (WBCSD), McKinsey & Co. and Accenture Strategy. These reports explain the specifics of this new circular transition.