Global Bike and Scooter Rental Market, By Operational Model (Dock less, Station-Based), Propulsion (Gasoline, Electric, Pedal), Service (Pay as You Go, Subscription-Based), Vehicle Type (Bike, Scooter, Others), Application (Short Trip, Long-Distance, Long-Distance Travel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the bike and scooter rental market would exhibit a CAGR of 18.0% for the forecast period of 2022-2029 and is likely to reach the USD 11.55 billion by 2029.
Bike and scooter rental refers to the renting or hiring of a bike, cycle, or scooter for a specific period of time. The user can rent a mobility vehicle on an hourly basis, pay in advance just before using the car, or pay on a subscription basis. Users may locate the nearest parking lot where they can pick up a vehicle and return it to the parking lot closest to their location. The mobile application allows the user to use these rental services.
The bike and scooter rental industry is flourishing, because to people's growing acceptance of micro-mobility services as a convenient and cost-effective way of transportation. Another key element driving the market's growth is the necessity for the development of sustainable modes of transportation. In addition, the government's focus on reducing traffic congestion is another element contributing to the market's growth prospects. Several technological advancements and the widespread trend of automation will accelerate the market growth.
Moreover, growing traffic congestion on roads and upsurge in the adoption rate of electrically powered vehicles will carve the beneficial opportunities for the growth of bike and scooter rental market.
However, the lack of a micro-mobility station will hamper the market’s growth rate. The market would be further challenged by the rising occurrences of theft and vandalism.
This bike and scooter rental market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bike and scooter rental market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bike and Scooter Rental Market Scope and Market Size
The bike and scooter rental market is segmented on the basis of operational model, propulsion, service, vehicle type, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Global bike and scooter rental market, on the basis of operational model is segmented into dockless, and station-based.
- Based on propulsion, global bike and scooter rental market is segmented into gasoline, electric, and pedal.
- Based on service, global bike and scooter rental market is segmented into pay as you go, and subscription-based.
- On the basis of vehicle type, global bike and scooter rental market is segmented into bike, scooter, and others.
- On the basis of application, global bike and scooter rental market is segmented into short trip, long-distance, and long-distance travel.
Bike and Scooter Rental Market Country Level Analysis
The global bike and scooter rental market is analysed and market size insights and trends are provided by country, operational model, propulsion, service, vehicle type, and application as referenced above.
The countries covered in the bike and scooter rental market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the bike and scooter rental market and will continue to flourish its trend of dominance during the forecast period due to the growing awareness about the benefits of renting a vehicle and growing number of vehicles which will lead to increased pollution in traffic congestion this region.
The country section of the bike and scooter rental market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Bike and Scooter Rental Market Share Analysis
The bike and scooter rental market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bike and scooter rental market.
Some of the major players operating in the bike and scooter rental market are Cityscoot SAS, Uber Technologies Inc., Lime, Bird Rides, Inc., ofo Inc., COUP Mobility GmbH, Mobycy, Vogo rentals, nextbike GmbH, Lyft, Inc., MOTOCRUIZER TECHNOLOGIES INDIA PVT. LTD., Mobike, Spin, eCooltra, Bolt Bikes, Yulu Bikes Pvt Ltd, YEGO Urban Mobility SL, Spinlister , Zoomo, VOI Technology AB, and emmy-sharing, among others.
Customization Available : Global Bike and Scooter Rental Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.