Bike and Scooter Rental Market growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the market participants can use the analysis on market dynamics to plan effective growth strategies and prepare for future challenges beforehand. Few of the major competitors currently working in the global bike and scooter rental market are CITYSCOOT; Lime; JUMP by Uber; Bird Rides, Inc.; ofo Inc.; COUP Mobility GmbH; nextbike GmbH; Lyft, Inc.; MOTOCRUIZER TECHNOLOGIES INDIA PVT.LTD.; Mobike; Spin; eCooltra; Bolt Bikes; Yulu Bikes Pvt Ltd; Mobycy; Vogo rentals; YUGO Urban Mobility SL; VOI Technology AB; emmy-sharing; Spinlister among others.
Global bike and scooter rental market is expected to rise to an estimated value of USD 7.06 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth of demands for environment friendly and emission-free modes of transportation.
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Bike and scooter rental is a modern vehicle hiring service involving availing micro-modes of mobility such as bikes, scooters, cycle and others on rent for a particular time period or distance. Users can identify the docks closest to them where they can rent out the vehicles and select the dock closest to their destination and submit their vehicles at that particular location. The service providers of this service are providing their services over mobile apps as well enhancing the ease for consumers.
Market Drivers:
Increasing preferences of micro-mobility services as a mode of transportation due to their cost-effectiveness will drive this market growth
Focus on development and availability of sustainable modes of transportation is having a positive impact on the growth of this market
Various marketing campaigns and promotional offers provided by various market players of this services is enhancing the rate of adoption; this factor will also boost the growth of the market
Focus of authorities on reduction of traffic congestion resulting in various promotions and benefitting programs for the adoption of this service will propel the market growth
Market Restraints:
Lack of infrastructure availability required for the successful operations of this service; this factor is expected to hinder the growth of the market
Higher expenditure incurred on marketing and promotions of these services in comparison to the revenues generated by the major market players is reducing the sustainability of smaller players; this factor is expected to act as a restraint to the growth of the market
The Report Highlights
Historic and forecasted Bike and Scooter Rental market size in terms of revenues & unit sales, average selling price, growth rates, and company market shares.
Highlights and compares key application/product categories for growth trends and revenue forecast.
Bike and Scooter Rental Market size, revenue and unit sales according to each region
Cross category comparison – Growth and revenue comparison for product categories, historic and forecast through 2026.
Bike and Scooter Rental Market share of top key players
Current trends and recent Developments
Scope of the Bike and Scooter Rental Market Report
Bike and Scooter Rental Market (Actual Period: 2017-2018, Forecast Period: 2019-2026)
Bike and Scooter Rental Market – Size, Growth, Forecast
Analysis by Type:
Regional Analysis – Actual Period: 2017-2018, Forecast Period: 2019-2026
Bike and Scooter Rental Market – Size, Growth, Forecast
Bike and Scooter Rental Market Analysis by Type
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Customization Available: Global Bike and Scooter Rental Market
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