Pune, India -- (SBWire) -- 03/19/2020 --This Global Bike And Scooter Rental Market research report estimates the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application. Market parameters covered in Global Bike And Scooter Rental Market report can be listed as market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the key market players. Global Bike And Scooter Rental Market research report has the potential to persuade strategic and specific needs of any business in the Automotive industry.
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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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 By Operational Model (Dockless, 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), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026.
Market Definition: Global Bike and Scooter Rental Market
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
Key Developments in the Market:
In June 2019, Bird Rides, Inc. announced the launch of "Bird Cruiser", the newest addition to their electric vehicles fleet available for consumers to rent out. The vehicle is a two-seater hybrid between bicycle and moped. Depending on the market region, the vehicle will either be pedal-assist or peg. This will enhance the adoption rate from consumers utilizing the shared mobility services
In February 2018, CITYSCOOT announced that they had raised USD 50 million in a funding round with leading investments done by RATP Capital Innovation and Inventure Partners. This investment will enable the company to expand the fleet of vehicles that it has enhancing the volume of services they can provide to consumers as they are looking towards expansion of their presence in different cities throughout Europe
Competitive Analysis:
Global bike and scooter rental market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bike and scooter rental market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Strategic Points Covered in Table of Content of Global Bike and Scooter Rental Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Global Bike and Scooter Rental Market
Chapter 2: Exclusive Summary – the basic information of Global Bike and Scooter Rental Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Global Bike and Scooter Rental Market
Chapter 4: Presenting Global Bike and Scooter Rental Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Global Bike and Scooter Rental Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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Key Questions Answered in Global Bike and Scooter Rental Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Bike and Scooter Rental Market in 2026?
What are the key factors driving, Analysis by Applications and Countries Global Bike and Scooter Rental Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Bike and Scooter Rental Market?
Who are Opportunities, Risk and Driving Force of Global Bike and Scooter Rental Market?
Who are the opportunities and threats faced by the vendors in Global Bike and Scooter Rental Market? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global Bike and Scooter Rental Market opportunities, market risk and market overview of the Market?
What ideas and concepts are covered in the report?
– The assessments accounted by all the zones and the market share registered by each region is mentioned in the report.
– The study sums up the product consumption growth rate in the applicable regions along with their consumption market share.
– Data regarding the Global Bike and Scooter Rental Market Industry market consumption rate of all the provinces, based on applicable regions and the product types is inculcated in the report.
Region-based analysis of the Global Bike and Scooter Rental Market Industry market:
– The Global Bike and Scooter Rental Market Industry market, with regards to provincial scope is segmented into USA, Europe, Japan, China, India, and South East Asia. The report also includes information regarding the products use throughout the topographies.
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Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Bike and Scooter Rental Market Trends and Future Opportunities 2026 : Bird Rides, Lime, Uber,Nextbike
Global Bike And Scooter Rental Market research report delivers the systematic and comprehensive market research study, along with the facts and figures associated with any subject in the field of marketing. The report also estimates CAGR (compound annual growth rate) values along with its fluctuations for the definite forecast period. Furthermore, this report offers better market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This market report is the outcome of incessant efforts guided by knowledgeable forecasters, innovative analysts and brilliant researchers.