- The bike and scooter rental market refers to the industry involved in the short-term leasing or renting of bicycles and electric scooters to customers. This market allows individuals to rent bikes or scooters for a short duration, typically for urban transportation, tourism, or recreation, without the need to own them
- The global bike and scooter rental market is driven by urbanization, traffic congestion, environmental concerns, and the convenience of app-based rentals
- In addition, cost-effectiveness, government support, and technological advancements in GPS and booking systems further fuel market growth, making it an attractive transportation option in cities
- Cities such as San Francisco, New York, and Washington D.C. in North America have rapidly adopted bike and scooter rentals due to urbanization, traffic congestion, and the demand for eco-friendly transport
- For instance, the number of cars has significantly increased in the U.S resulting in traffic congestion. So, their people are keenly looking for rental options. In this manner they are protecting the environment as well as saving the time from traffic congestion
- The rental bike and scooter market is important as it provides sustainable, cost-effective, and convenient transportation solutions, reducing traffic congestion and promoting environmental and economic benefits
