The Global Bike And Scooter Rental Market is projected to grow at a CAGR 16.98% rate during the forecast period. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode of transportation are the reasons.The dockless segment is expected to be the fastest growing market during the forecast period. The system allows bikes to be located and unlocked using a smartphone application. The demand for dockless system is more than station-based due to the lesser requirement of hardware for securing and managing inventory, expanded geographical location, and user flexibility in picking up and dropping off bikes.
Bike segment is expected to dominate the market. As micro mobility refers to transportation that covers small distances, bike sharing has made a remarkable change in the urban landscape. Apart from the convenience of pickup and drop-off anywhere, these dockless bikes are cheap. Lesser regulations offer the advantage of the quicker implementation of bike sharing, especially in Asia.
Asia Pacific is expected to be the fastest growing bike and scooter rental market and this region is the largest for automotive. The Asia Pacific region comprises of China &India and both are growing concern over pollution and increasing traffic congestion. Low charges of bike sharing when compared to cabs and taxis create an opportunity in Asia Pacific. Moreover, the increased use of smart phones and emerging government regulations on pollution are likely to render a positive impact. The demand for clean, safe, and smart mobility in China, India, and Japan would boost the Asia Pacific market.
The global bike and scooter rental market is dominated by major players such as Lime (US), Jump (US), Bird (US), ofo (China), Grow Mobility (China), nextbike (Germany), Cityscoot (France), and COUP (Germany), among others. These companies have strong distribution networks at a global level and these companies offer an extensive service range in the market.
Key Questions:
- Where will rental and sharing services take the industry in the long term? What will be the growth of the market?
- How e-scooters and e-bikes will transform the outlook of the overall automotive industry?
- What are the upcoming trends in the market? What impact would they make post 2022?
- What are the key strategies adopted by the top players to increase their revenues?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Rise of Micromobility as A Budget-Friendly Mode of Transportation
- Sustainable and Technologically Advanced Mobility
- Opportunities
- Growing Traffic Congestion on Roads
- Adoption of Electrically Powered Vehicles
- Challenges
- Occurrence of Theft and Vandalism
- Bike and Scooter Rental Market, By Operational Model
- Dockless
- Station-Based
- Bike and Scooter Rental Market, By Propulsion
- Gasoline
- Electric
- Pedal
- Bike and Scooter Rental Market, By Service
- Pay as You Go
- Subscription-Based
- Bike and Scooter Rental Market, By Vehicle Type
- Bike
- Scooter
- Others
- Bike and Scooter Rental Market, By Region
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- France
- Germany
- Italy
- Russia
- Spain
- UK
- Netherlands
- Rest of Europe
- North America
- Canada
- Mexico
- US
- Rest of the World (RoW)
- Brazil
- South Africa
- Rest of RoW
- Company Profiles
- Lime
- Bird
- Nexbike
- Cityscoot
- Mobike
- Spin
- Scoot
- Ecooltra
- Lyft
- Skip
- COUP
- Bolt
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
